Recording Bonds Held to Maturity Macy’s, Inc., operates nearly 850 Macy’s and Bloomingdale’s department stores nationwide. The company does more than $24 billion in sales each year.
Assume that as part of its cash management strategy, Macy’s purchased $12 million in bonds at par for cash on July 1, 2015. The bonds pay 8 percent interest annually with payments June 30 and December 31 and mature in 10 years. Macy’s plans to hold the bonds until maturity.
Required:
1. Record the purchase of the bonds on July 1, 2015.
2. Record the receipt of interest on December 31, 2015.

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44