Answer:
June 30, 2020 Bond Interest expense Debit $5,756.25
Discount on Bonds payable Credit $506.25
Cash Credit $5,250
Explanation:
We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount
Given,
Bond price = $150,000
Interest = 7%
Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20
Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)
Cash payment for semiannual interest = $5,250 (Credit)
Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)
Discount on bonds payable = $506.25 (Credit)
Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)
The Right Response is Option B
b) Borderless World
Today's companies compete in a <u>borderless world.</u>
- The process of contact and integration between individuals, organisations, and governments on a global scale is known as globalisation or globalisation. Since the 18th century, globalisation has increased due to advancements in communications and transportation technologies.
<h3><u>What effects has globalisation had?</u></h3>
- Globalization often lowers the cost of production. This implies that businesses may charge customers less for their products. One important factor that raises the level of life is the average cost of commodities. Additionally, consumers have access to a greater range of items.
To Learn more about Globalization, click the Links.
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<u>Solution and Explanation:</u>
<u>The following is the incremental analysis for the make - or the buy decision to be made by the Parks corporation based on the data given in the question</u>
Incremental cost to buy -54000 = 3000 multiply with 18
Incremental savings on direct materials 9000 =3000 multiply with 3
Incremental savings on direct labor 21000 =3000 multiply with7
Incremental savings on variable overhead 12000 =3000 multiply with4
Incremental savings on fixed overhead 6000 =3000 multiply with2
Incremental net cost to buy -6000
The value added lead time is 38 minutes. It takes 24 minutes to assemble the rugs and 14 minutes to cut them, the total time is 38 minutes. The value added lead time is the time spent on all value adding activitie. In this case, the value activities are those that help produce the product being sold because they are adding value to the product.
The above statement is FALSE.
<span>Consideration of the firm's overall objectives MUST BE DONE because it influences the final selection of a target market segment.
Target market segment is a strategy that outlines how and what will the business do to reach its intended customers. This is a strategy that will fulfill the company's short term goals as well as have a great impact on the firm's long term overall objectives as a business or company. </span>