During the last big press conference, why does rick lieberman, the head volcanologist at yellowstone, tell the public that there

Where can I find the answer choices?

Answer:

a. HORIZONTAL METHOD

INCOME STATEMENT

Date    Income           $          -        Expenses         $       =    Net Income

1 Nov    -                   -                          -                    -                   -

b. adjustment

31 for each  rent           5,300                 -                      -                  5,300

Month

c. BALANCE SHEET AS OF 31 DEC

                Assets        =      Equity     +     Liabilities

+ bank $84,800                    -                   prepaid expenses +$84,800

             

Explanation:

At the point of 1 Nov, there were no transactions recorded in the income statement since the revenue has yet to be realized; only the balance sheet shows + bank $31800 and + income received in advance (a liability) $31800

Each month's rent amounts to $31800/ 6 months =$5300

18 months rent totals to 95400

The unearned amount by December would then equal: 18 months - 2 months earned

                                       = 95400- 10600

                                       =$84,800

The correct answer is B) Cultural pollution. Cultural pollution refers to the degradation of culture that occurs when an overwhelming amount of art, language, clothing, media, and products without real significance saturates society. It can often be experienced in earnest by those who are uncritical, as well as ironically appreciated by the educated and disillusioned.

Answer:

1. Record the journal entry to log the cash received from bond issuance on July 1, Year 1.

Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

    Cr Bonds payable 40,000,000

2. Make the following journal entries:

a. Document the first semiannual interest payment on December 31, Year 1, along with the bond discount amortization, utilizing the straight-line approach. Round to the nearest dollar.

discount on bonds payable = 2,717,938 / 20 coupons = $135,896.90

December 31, Year 1, first coupon payment

Dr Interest expense 1,535,896.90

    Cr Cash 1,400,000

    Cr Discount on bonds payable 135,896.90

b. Capture the interest payment on June 30, Year 2, and the bond discount amortization, again utilizing the straight-line method. Round to the nearest dollar.

June 30, Year 2, second coupon payment

Dr Interest expense 1,535,896.90

    Cr Cash 1,400,000

    Cr Discount on bonds payable 135,896.90

3. Calculate the total interest expense for Year 1.

$1,535,896.90

4. When the bond proceeds are consistently lower than the bond face value if the contract rate is lower than the market rate of interest?

yes, if the market rate exceeds the coupon rate, the bonds will be issued at a discount.

5. (Appendix 1) Calculate the receipt price of $37,282,062 for the bonds by referring to the present value tables found in Appendix A at the conclusion of the textbook. Round to the nearest dollar.

bond price = PV of face value + PV of coupon payments

• PV of face value = $40,000,000 x 0.4564 (PV factor, 4%, 20 periods) = $18,256,000
• PV of coupon payments = $1,400,000 x 13.590 (PV annuity factor, 4%, 20 periods) = $19,026,000

bond's market price = $18,256,000 + $19,026,000 = $37,282,000

The given data suggests an association between fuel efficiency and engine displacement. The regression model defined is: Mpg = 36.25 – 3.867 Engine size. Residuals are determined by the difference between actual and predicted values. Residual = y - ŷ, where y signifies the actual value and ŷ denotes the predicted value. A positive residual indicates the vehicle's true mileage surpasses what was anticipated.