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user100 [1]
3 years ago
14

Devers Corporation issued $400,000 of 6% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023,

with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest. Prepare Devers's journal entries for a. the May 1 issuance. b. the July 1 interest payment. c. the December 31 adjusting entry.
Business
1 answer:
san4es73 [151]3 years ago
7 0

Answer:

c. the December 31 adjusting entry.

Explanation:

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Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in th
Andrej [43]

Answer:

$275,000

Explanation:

Cash collections in April = 70% of sales in April +20% sales in March + 10% sales in Febuary

= 70% * $250,000 + 20% * $350,000 + 10% * $300,000

= $275,000

7 0
3 years ago
Greg, a project manager in your company, is falling behind on the project schedule. He has elected to crash the project. What is
Vinil7 [7]

Answer:

c) Adding additional project resources to the project

Explanation:

Falling behind schedule is something that needs to be avoided or dealt with promptly and systematically

Crashing is the technique to use when fast tracking has not saved enough time on the project schedule. You use crashing to save resources to the project for the least cost possible. Anyhow, crashing is expensive because more resources are added to the project.

References:

Dave. “A Step-by-Step Process of Dealing with a Project That Is Falling behind Schedule.” MyClientSpot Blog, 10 Sept. 2015

Monnappa, Avantika. “Project Management Learning Series: Fast Tracking Versus Crashing.” Simplilearn.com, Simplilearn, 27 Sept. 2019,

5 0
2 years ago
Hardy lumber has a capital structure that includes bonds, preferred stock, and common stock. which one of the following rights i
Vitek1552 [10]
The correct answer is B) Right to share in company profits prior to other shareholders
7 0
2 years ago
Give three reasons why building apps might not be the sole source of income for an individual.
True [87]

Here are the top six reasons why apps fail and how you can avoid them. App development projects fail and identify areas for improvement so you can. Not only is audience research necessary for developing an app that. For example, iOS users typically have a higher income and more education than Android users.

Hope this helps :)

3 0
3 years ago
There exists a(n)
FrozenT [24]

Answer:

Direct, upward sloping

Explanation:

Supply refers to the quantities of goods or services that firms are willing to sell to the markets are a specific price. As per the law of supply, an increase in prices leads to an increase in the quantity supplied. Therefore, the relationship between the price and quantity supplied is direct. Firms prefer to supply more products to the markets at higher prices because they will make more profits.

The supply curve is a graphical presentation of the relationship between price and quantity supplied.  The supply curve is upward sloping. It originates from the bottom left corner, showing how quantities vary along the curve at different prices. Quantity supplied increases as the price rise.

7 0
3 years ago
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