20 points easy …………………….

On January 1, 2019, Providence, Inc., Issues $1,000,000 of 10 percent, 5-year bonds at par value. Complete the necessary journal

loris [4]

Answer:

01-Jan-19

Dr Cash $1,000,000

Cr Bonds Payable $1,000,000

Explanation:

Preparation of the Journal entry for Providence, Inc

Based on the information given we were told that the company issues the amount of $1,000,000 of 10% which include 5-year bonds at par value on January 1, 2019, this means that the Journal entry will be recorded as:

01-Jan-19

Dr Cash $1,000,000

Cr Bonds Payable $1,000,000

(To record bonds at par value)

3 0

4 years ago

Which of the following would most likely be included as part of manufacturing overhead in the production of a wooden table?A) th

makvit [3.9K]

Answer: Option C

Explanation: Manufacturing overhead refers to the that portion of the cost which cannot be allocated to the units produced in a reasonable manner. These costs are indirectly related to the product manufactured. For example = depreciation, rent etc.

Thus, the cost of glue cannot be allocated to each individual unit produced. As the worker might put a more in one unit and a little less in the other.

Thus, from the above we can conclude that the correct option is C.

8 0

3 years ago

A stock has returns for five years of 14 percent, -16 percent, 12 percent, 23 percent, and 4 percent, respectively. The stock ha

Yakvenalex [24]

Answer:

the average return is 7.8% and standard deviation is 28.97%

Explanation:

The computation of the average return and standard deviation is as follows

For average return

= (14% - 16% + 12% + 23% + 4%) ÷ 5

= 7.8%

Now the standard deviation is

= (1 ÷ 4 × (0.14 - 0.078)^2 + (-0.16 - 0.078)^2 + (0.12 - 0.078)^2 + (0.23 - 0.078)^2 + (0.04 - 0.078)^2)^1 ÷ 2

= 28.97%

Hence, the average return is 7.8% and standard deviation is 28.97%

7 0

3 years ago

Read 2 more answers

9 Select the correct answer. Which advertising media offers live and interactive product demonstrations? A. outdoor B. direct ma

dangina [55]

The answer is c which is correct

3 0

4 years ago

Read 2 more answers

Hitzu Co. sold a copier costing $4,500 with a two-year parts warranty to a customer on August 16, 2015, for $9,000 cash. Hitzu u

dedylja [7]

Answer:

1. How much warranty expense does the company report in 2015 for this copier?

$360

2. How much is the estimated warranty liability for this copier as of December 31, 2015?

$360

3. How much warranty expense does the company report in 2016 for this copier?

$0

4. How much is the estimated warranty liability for this copier as of December 31, 2016?

$229

5a. Record the sale of a copier for $9,000 cash.

Dr Cash 9,000

Cr Sales revenue 9,000

5b. Record the cost of goods sold of $4,500.

Dr Cost of goods sold 4,500

Cr Inventory - merchandise 4,500

5c. Record the estimated warranty expense at 4% of the sales.

Dr Warranty expense 360

Cr Warranty liability 360

5d. Record the cost of $131 towards repair of copier on November 22, 2016.

Dr Warranty liability 131

Cr Inventory - repair parts 131

7 0

4 years ago