Effective April 1, 2018, The Syracuse Corporation, which has a yearend of December 31st, authorized $1,500,000 of callable, mortgage bonds (which were secured by property and equipment with a market value of $2,200,000). The bonds paid interest at a stated rate of eight percent and had an expected term of six years. Interest was due and payable, as appropriate, to bondholders each September 30th and March 31st . On July 1, 2019, Syracuse issued 1,000 of the bonds and received a cash payment in the total amount of $906,000. On October 1, 2021, Syracuse called the bonds and paid the current bondholders a total amount of $1,150,000 in cash. Prepare the following journal entries: • The entries related to the bonds that Syracuse entered into its records during the period April 1, 2018 through December 31, 2019. • The journal entry that was recorded by Syracuse when the bonds were redeemed in October 2021. (Remember that the balance remaining in an unamortized premium or discount account must also be closed.)

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.