Answer:
Dr Bonds payable 1,600,000
Dr Loss on redemption of bonds 36,800
Cr Cash 1,632,000
Cr Discount on bonds payable 4,800
Explanation:
Loss/gain on redemption of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss
You enforce the rules, state you did correctly count the amount of money, no exceptions.
Answer:
True
Explanation:
A buisness customer records every transaction to see how the transaction was
Answer:
65000 units
Explanation:
Given:
Expected sales of product W in April = 60000 units
Expected sales of product W in May = 75000 units
Expected sales of product W in June = 70000 units
Inventory in hand at the end of each month = 40% of the next month's expected sale
Inventory expected at the end of the April = 40% of the expected sales in May
or
Inventory expected at the end of the April = 0.4 × 75000 = 30000 units
Therefore, the total units required in April = Expected sales of product W in April + Inventory expected at the end of the April
or
the total units required in April = 60000 + 30000 = 90000 units
Now,
Excessive production in March (inventory) = 25000 units
Hence, the units required to be produced in April = the total units required in April - Excessive production in March (inventory)
or
the units required to be produced in April = 90000 - 25000 = 65000 units
Answer:
D. $4,902
Explanation:
Schickel Inc.
RELEVANT COST can be defined as the cost that are often said to be incurred only when making specific and important business decisions because this relevant cost is used to determine whether to sell or keep a business which is why relevant cost concept is useful for eliminating some information from a particular decision-making process.
Relevant cost=
New stocks of the material purchased for $6.45 per liter.
Relevant cost of 760 liters of the material to be used.
Hence;
= $6.45 per liter ×760 liters = $4,902
Therefore the relevant cost of the 760 liters of material B39U is $4,902
