Answer:
$15.64
Explanation:
first we must determine the market value of the bond without the warrants:
PV of face value = $1,000 / (1 + 3.5%)⁵⁰ = $179.05
PV of coupon payments = $25 x 23.45562 (PV annuity factor, 3.5%, 50 periods) = $586.39
market value = $765.44
the market value of the 15 warrants = $1,000 - $765.44 = $234.56
market value per warrant = $234.56 / 15 = $15.64
The right answer for the question that is being asked and shown above is that: " Changes to the marketing plan are acceptable, but only in the earliest stage." Marketing plans <span>are business activities involved in accomplishing specific </span>marketing<span> objectives within a set time frame.</span>
Answer:
Explanation:
The correct journal entry is shown below:
Vacation benefits payable Dr A/c $2,200
To Cash A/c $2,200
(Being vacation benefit is paid for cash)
Before passing this entry, another entry is passed which is shown below:
Vacation benefit expense A/c Dr
To Vacation benefits payable A/c
(Being expense is recorded)
Since we have to record the entry for vacation benefit paid. So, we credited the cash account and debited the Vacation benefits payable account
This is the answer but the same is not provided in the given options
Answer:
Net operating income= 125,000
Explanation:
<u>First, we need to calculate the total variable cost:</u>
Total variable cost= 55,000*(4 + 1)=
<u>Variable costing income statement:</u>
Sales= 55,000*10= 550,000
Total variable cost= (275,000)
Total contribution margin= 275,000
Annual fixed manufacturing overhead= (120,000)
Fixed selling and administrative costs= (30,000)
Net operating income= 125,000
Answer:
a.
Cash 16500 Dr
Common Stock 16500 Cr
b.
Cash 13500 Dr
Notes Payable 13500 Cr
c.
Equipment account 1450 Dr
Accounts Payable 1450 Cr
d.
Land 25000 Dr
Cash 2300 Cr
Notes Payable 22700 Cr
e.
Equipment account 9500 Dr
Cash 2300 Cr
Accounts Payable 7200 Cr
Explanation:
a.
The issuance of common stock against cash will increase the cash and the capital. So cash will be debited and capital (common stock) will be credited.
b.
The issuance of notes payable against cash increases liability and asset. The asset increase in cash will be debited and liability increase in notes payable will be credited.
c.
The purchase of equipment on account will increase liability and asset. The asset increase in form of equipment will be debited and the liability increase in form of accounts payable will be credited.
d.
The purchase of land will increase land and result in a debit to the land account. It is purchased for cash and a liability of notes payable. So both cash and the notes payable account will be credited as cash decreases (asset decrease in credited) and liability increases (liability increase is credited).
e.
The purchase of equipment will increase equipment account and result in a debit to the equipment account. It is purchased for cash and a liability of accounts payable. So both cash and the accounts payable account will be credited as cash decreases (asset decrease in credited) and liability increases (liability increase is credited).
