When a speaker is finished talking, you should allow for

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 20

7nadin3 [17]

Answer:

1 Jan 2021- Debit Investment $220 million, Credit Bank $201 million, Credit Discount received $19 million.

30 June 2021 Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December 2021 Debit Fair value loss $10 million, Credit Investment $10 million.

Explanation:

Required: prepare journal entries.

interest income = 220 million *0.08 *6/12= $8,800,000

fair value gain or loss = opening fair value - fair value at the end of the year

= 220 million - 210 million

= $10 million

7 0

4 years ago

Routsong Corporation had the following sales and production for the past four years:

andreyandreev [35.5K]

Answer:

B. Because of the changes in production levels, under variable costing the unit product cost will change each year

Explanation:

In variable costing, Product Cost is the total of variable manufacturing costs only. Whereas in Absorption costing, the Product cost is the total of both variable and fixed manufacturing overheads.

The following statements is not correct : Because of the changes in production levels, under variable costing the unit product cost will change each year.

6 0

3 years ago

The following are budgeted data: January February March Sales in units 15,900 21,800 18,900 Production in units 18,900 19,900 17

NISA [10]

Answer:

20,300 pounds

Explanation:

<u>Purchases Budget for February - Pounds</u>

Material required in Production 19,900

Add Opening Materials Inventory (19,900 x 20%) 3,980

Total 23,880

Less Closing Materials Inventory (17,900 x 20%) (3,580)

Budgeted Purchases 20,300

Therefore,

Purchases of raw materials for February would be budgeted to be 20,300 pounds

8 0

3 years ago

Short-duration strikes and other small-scale offensive actions conducted as a special operation in hostile, denied, or political

balu736 [363]

Answer:

Direct Action

Explanation:

According to my research on different military strategies, I can say that based on the information provided within the question this situation is describing Direct Action, or Direct Military Action to be more specific. This like described in the question are short-duration strikes and other small-scale offensive operations usually conducted in war torn environments.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

potter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cos

Nastasia [14]

Answer:

Part 1

Cost of ending inventory calculation :

a. FIFO

b. LIFO

c. weighted average cost

Part 2

Cost of goods sold calculation :

a. FIFO

b. LIFo

c. weighted average cost

Explanation:

Cost of ending inventory calculation :

FIFO

LIFO

weighted average cost

Cost of goods sold calculation :

FIFO

LIFO

weighted average cost

4 0

3 years ago