What's the key difference between term life insurance and straight-life insurance?

. You've begun a Web search for information on several suppliers you're considering for your business. Which of the following

Firlakuza [10]

Answer:

<em>C. A publicly held company</em>

8 0

3 years ago

Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, inc

ankoles [38]

Answer:

30%

Explanation:

Material purchasing, handling and storage cost = $ 41,800

Material purchasing percentage:

= Material purchasing, handling and storage cost ÷ Annual materials purchases

= ($41,800 ÷ $836,000 ) × 100

= 5%

Target profit margin for both labor and materials = 25%

Material markup per dollar of material:

= Material purchasing percentage + Target profit margin

= 5% + 25%

= 30%

4 0

3 years ago

On January 1, Year 1, Bell Corp. issued $180,000 of 10-year, 6 percent bonds at their face amount. Interest is payable on Decemb

lara [203]

Answer:

Journal entries on January 1,year 1:

Dr Cash $180,000

Cr bonds payable $180,000

Journal entries on 31st December year 1:

Dr interest expense $10,800

Cr Cash $10,800

Journal entries on 31st December year 2:

Dr interest expense $10,800

Cr Cash $10,800

Explanation:

Since the bonds were issued at par ,it means the cash realized from the issuance is $180,000 which would debited to cash account and credited to bonds payable account.

On 31st December ,year 1 the first interest is paid which is calculated thus:

$180,000*6%=$10,800

The $10,800 is debited to interest expense account and credited to cash(or to interest payable if cash is not paid immediately)

On 31st December ,year 2 the first interest is paid which is calculated thus:

$180,000*6%=$10,800

The $10,800 is debited to interest expense account and credited to cash(or to interest payable if cash is not paid immediately)

6 0

3 years ago

Brooks Co. purchases various investments in trading securities at a cost of $66,000 on December 27, 2013. (This is its first and

sineoko [7]

Answer:

a) Debit 6,000 to trade securities and Credit $6,000 to Unrealized Gain account

b) Debit $35,000 to Cash account

Credit $33,000 to trade securities account

Credit $2,000 to gain on sales on securities account.

Explanation:

The first part of the question is to determine the year-ended adjusting entry

As follows:

December 31, 2013

Trading Securities = Fair value of the Securities - Trading Securities at Cost

= $72,000 - $66,000

= $6,000

The Journal entry Description Debit Credit

Dec 31, 2013 Trading Securities 6,000

Gain unrealized on securities a/c 6,000

Being the record of unrealized holding gain on trading securities

Part 2) January 3, 2014 Sales of a Portion of Trading Securities

Date Description Debit Credit

Jan 3rd, 2014 Cash 35,000

Trading Securities a/c 33,000

Gain on sales of Securities 2,000

Being the record of sales of a portion of trade securities.

6 0

3 years ago

In the second step of the decision-making process, analyzing the problem:

stiks02 [169]

Basically examining the promblem

8 0

3 years ago