Question : 91. Which of the following statements regarding the debt to equity : 1228429

Accounting

91. Which of the following statements regarding the debt to equity ratio is correct?
A. A high ratio means that the company is primarily financed through stockholder investments.
B. A higher ratio is preferred.
C. It is a measure of a company’s ability to pay its debt.
D. It is a measure of investor and creditor risk.

92. On July 1, 2011, immediately after recording interest payments, Salsa, Inc. retired one fifth of its $500,000 of bonds payable for $97,500. The bonds were originally issued at par value in 2006. Which of the following statements is correct?
A. Stockholders’ equity is not affected by the bond retirement.
B. A gain of $2,500 will be reported on the income statement.
C. A loss of $2,500 will be reported on the income statement.
D. A gain of $402,500 will be reported on the income statement.

93. A company prepared the following journal entry:
Bonds payable
Premium on bonds payable
Loss on bond retirement
Cash
Which of the following statements is correct?
A. The book value of the bonds was less than the cash payment.
B. The increase in stockholders’ equity equals the loss on the bond retirement.
C. The decrease in assets is greater than the decrease in liabilities, therefore stockholders’ equity decreases.
D. The net cash flow from financing activities decreases by the bonds payable book value.

94. A company prepared the following journal entry:
Bonds payable
Premium on bonds payable
Gain on bond retirement
Cash
Which of the following statements is incorrect?
A. The book value of the bonds was less than the cash payment.
B. The increase in stockholders’ equity equals the gain on the bond retirement.
C. The decrease in assets is less than the decrease in liabilities.
D. The net cash flow from financing activities decreases by the cash payment.

95. On March 31, 2010, Bundy Corporation retired $10,000,000 of bonds which have an unamortized premium of $500,000, by repurchasing them for $9,850,000. How much was the gain or loss on the retirement of the bonds?
A. $150,000 loss
B. $150,000 gain
C. $650,000 gain
D. $350,000 loss

96. A corporation retired $500,000 of bonds which have an unamortized discount of $10,000, by repurchasing them for $500,000. How much was the gain or loss on the retirement of the bonds?
A. There was no gain or loss.
B. There was a $10,000 loss.
C. There was a $10,000 gain.
D. There was a $500,000 loss.

97. A corporation retired $900,000 of bonds which have an unamortized discount of $30,000, by repurchasing them for $920,000. How much was the gain or loss on the retirement of the bonds?
A. There was a $50,000 loss.
B. There was a $10,000 loss.
C. There was a $10,000 gain.
D. There was a $20,000 loss.

98. A corporation retired $200,000 of bonds which have an unamortized premium of $8,000, by repurchasing them for $210,000. How much was the gain or loss on the retirement of the bonds?
A. There was a $10,000 loss.
B. There was a $2,000 loss.
C. There was a $10,000 gain.
D. There was an $18,000 loss.

99. Which of the following statements is correct?
A. An outflow of cash for interest payments is reported as a cash flow from financing activities.
B. The conversion of bonds to stock is reported as a cash flow from financing activities.
C. An outflow of cash when callable bonds are recalled by the issuer is reported as a cash flow from financing activities.
D. Amortization of discounts and premiums on bonds payable are reported as a cash flow from financing activities.

100. Which of the following statements is incorrect?
A. It is common for companies to both retire debt and issue new bonds in the same year as a way to replace higher interest rate debt with lower interest rate issuances.
B. The cash payment of interest is reported as a cash flow from operating activities.
C. Repurchasing bonds with cash creates a cash flow from investing activities when the issuing corporation buys back the bonds.
D. The cash payment to call an outstanding bond issue is reported as a cash flow from financing activities.

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July 1, 2023

Write a sample cover letter that highlights why you would be ideal for a marketing position at a Company of your pick in Florida . In the cover letter, you need to mention the position and discuss the tasks that would be required of you in that position. You can address the cover letter to either a real or fabricated person/organization. Do not address it to “To Whom It May Concern” or “Dear Sir/Madam” or anything else-generic.

Cover Letter Content: • Includes your contact information, date, salutation/greeting (with hiring manager’s full name, title, company, address), body, closing, signature - i.e., major components of a cover letter. • Components are organized logically and overall the letter is attractive. • Letter is concise. • Audience is clear; addressed to real or fabricated person/organization. • Identifies specific position and why you would be ideal for it. Discusses tasks required for that position and knowledge of potential employer. • Discusses your relevant skills, experience, etc. that will make you ideal for the position. • Includes request for interview or meeting with specific manner of follow-up/reverse call to action, note of appreciation, and mentions resume in closing.

BELLOW IS A PART OF MY RESUME TO HELP WRITE THE COVER LETTER.

Summary

Motivated sales driven rental manager focused on attaining a motivated and competitive work environment along with dynamic operating conditions. Customer service oriented and methodical with strengths in accounts maintenance.

Skills

· Key accounts and territory management

· Capital improvement planning

· Systems and automation applications

· Brand management

Experience

Enterprise Holdings | Miami, FL

Assistant Branch Rental Manager

11/2019 – 11/2020

· Remained calm and professional in stressful circumstances and when dealing with unhappy customers, effectively diffusing situations.

· Met with each associate to establish realistic monthly sales goals.

· Strengthened product branding initiatives and coordinated effective marketing campaigns.

· Reviewed employee performance every week and delivered constructive feedback to improve weaknesses.

· Upheld internal standards and productivity goals to meet sales and growth targets.

· Identified growth areas requiring immediate improvement and rolled out marketing program, boosting branch's fleet 16%.

· Executed non-negotiable strategies to foster better customer service and promote positive and engaging environment for all.

· Drove profit increases by leveraging market knowledge and natural leadership talents.

Enterprise Holdings | Miami, FL

Management Trainee

05/2019 - 11/2019

· Ranked 1st place on the sales performance ranking for 4 consecutive months with a total additional revenue of $160,000.

· Achieved a 4-month Customer Service score of 87%, 3 points above corporate average.

· Ran daily sales reports to assess performance and make proactive adjustments.

Equinox | Miami, FL

Sales Associate

10/2017 - 06/2018

· Arranged special accommodations for guests to maintain optimal satisfaction

· Managed all front desk operations for busy high-volume Health Club.

· Confirmed transactional data by verifying name and payment information and clearly communicating costs and fees to patrons.

· Participated Management Assistance, handling member's accounts and payments.

· Supported Membership Advising participating in more than 100 memberships sold.