Answer:
Cash proceeds is $201,250.00
Explanation:
The cash proceeds derived from issuing the bonds can be computed as follows:
cash proceeds=87.5%*$230,000=$201,250.00
Total interest expense on the bond is $212,519 as contained in the attached bond amortization schedule
The first payment=$201,250*10%*6/12=$10,063 as it also found in the attached
Answer:
Operating Income Using Full Costing $
Operating income based on marginal costing 70,000
Add: Difference in inventory valuation (5,000 x $8) 40,000
Operating income based on absorption costing 110,000
Explanation:
In this case, we need to calculate difference between closing inventory and opening inventory (50,000 - 45,000= 5,000 units). The difference in inventory is valued at fixed factory overhead application rate of $8. The value of difference in inventory is added to the operating income reported by marginal costing.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
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