Answer:
Journal Entry
January 1
Dr. Cash $940,000
Dr. Discount on Account Receivable $60,000
Cr. Bond Payable Account $1,000,000
Explanation:
The difference between the face value of the bond and the sale value of the bond is known as premium or the discount on the bond. If the face value is higher from the sale value the bond is issued on the discount and if the sale value of the bond is higher than the face value the bond is issued on the premium.
Discount on the Bond = Face value - Sale value = $100,000 - $940,000 = $60,000
The discount amount will be recorded in Discount on Bond Payable Account and will be amortized over the 10 years until the maturity of the bond.
Answer:
fixed Cost 39,000
Explanation:
<u>The break even point is the level of sales at which net income equal to zero.</u>
This means the company operates and pays their fixed and variable cost
<u>The formula for break even point in units is:</u>
<u>Where:</u>
Contribution per unit = Selling price - variable cost
<em>15 per unit = 28 - 13 </em>
<em />
We are given the BEP and we need to solve for Fixed cost
Fixed Cost = 22,600 x 15 = 39,000
The depreciation expense is irrelevant for the case, we can solve for the total fixed cost directly by using the BEP
Option a. borrowing in a foreign currency and converting the funds to the local currency prior to the appreciation benefits from appreciation of the firm's local currency.
A foreign currency is the currency utilized by a foreign u . s . a . as its diagnosed form of monetary alternate. This particular forex is the most effective form of alternate that the relevant authorities lets in for use for getting and selling inside its borders
To favor the trade of budget among unique countries; we can locate nations with excess liquidity and others that need liquidity. To finance worldwide trade, whose transactions constitute a enormous part of the foreign money market.
Learn more about currency here:brainly.com/question/11160294
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Answer: assumed converted only if they are dilutive.
Explanation:
Diluted Earnings per Share is a calculation that is used to determine the quality of the earnings per share if a company when all the convertible securities are taken into consideration.
It should be noted that convertible securities are the outstanding stock options, convertible preferred shares, warrants and convertible debentures. During computation, the convertible bonds will be treated to be assumed converted only if they are dilutive.
Answer:
7602.28
Explanation:
Given the data:
Rainfall in X Sales in Dollars of Umbrellas
City A 35 2800
City B 30 2000
City C 12 800
Using the linear regression calculator :
The linear model obtained for the data is :
y = - 226.424 + 81.549x
Using the model, the predicted sales for 96 inches of rain will be:
X = 96
y = - 226.424 + 81.549(96)
The predicted sales is 7602.28
