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3 years ago

A hard drive has stamped on its label: lba = 7,814,037,168. this means that it has _____.

1 answer:

8 0

The LBA label means that Logical Block Addressing is used. It is a <span>common scheme used for specifying the location of blocks of data stored on computer storage devices.</span>
A hard drive has stamped on its label: lba = 7,814,037,168. this means that it has 7,814,037,168 sectors. Or more precisely, 7 platters, 814 cylinders, 37 heads and 168 sectors per track.

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In the Excel, or spreadsheet, approach to recording financial transactions, if manufacturing overhead is underapplied by X dolla

Tatiana [17]

Answer:

False.

Explanation:

To close the underapplied Manufacturing Overhead account requires that the Cost of Goods Sold is debited, say with $100 while the Manufacturing Overhead account is credited with the same amount. Underapplied Manufacturing Overhead account means that a debit balance is left after applying the overhead to production. To close this debit, therefore, a credit entry is required to the manufacturing overhead account. The corresponding debit entry goes to the Cost of Goods Sold, or this may be apportioned among Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process, as may be the case.

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3 years ago

Grouper Company issued $612,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1 and

IrinaVladis [17]

Answer:

Bond issue:

Dr cash $624,240.00

Cr bonds payable $612,000

Cr premium on bonds payable($624,240.00-$612,000) $ 12,240

On 30 June:

Dr Interest expense $30,495.68

Dr premium on bonds payable $104.32

Cr cash $30,600

On 31 December :

Dr interest $ 30,490.59

Dr premium on bonds payable($30,600-$30,490.59) $109.41

Cr interest payable $30,600

Explanation:

The cash proceeds from the bond issuance is 102% of the face value of $612,000 i.e $ 624,240.00 (102%*$612,000)

The interest payment on 30 June=$612,000*10%*6/12=$30,600.00

The interest expense on 30 June=$ 624,240.00*9.7705%*6/12=$30,495.68

amortization of premium=$30,600.00-$ 30,495.68=$104.32

Carrying value of bond at 30 June=$ 624,240.00+$30,495.68 -$30,600=$624,135.68

Interest expense on 31 December=$ 624,135.688*9.7705%*6/12=$30,490.59

6 0

2 years ago

In a command economy do highly skilled workers earn more, less, or the same as low-skilled workers?

Scilla [17]

In a command economy, depending on most of the businesses, consumers can either buy more, or buy less than they would in a different economy. But because of the fluctuation businesses experience with their profit rates and so on, highly skilled workers are paid the same as low-skilled workers.

7 0

3 years ago

Broker Needa leaves for vacation. In his absence, associate Wanna will be handling the escrow accounts. If Wanna errors with the

ANEK [815]

Correct/Complete Question:

Broker Needa leaves for vacation. In his absence, associate Wanna will be handling the escrow accounts. If Wanna errors with the accounting procedures:

A. Broker Needa's license will be revoked

B. Broker Needa's vacation may be permanent as he is ultimately responsible

C. The Commission will excuse Needa and Wanna; everyone needs a vacation

D. Broker Wanna's solely responsible for her actions

Answer:

B. Broker Needa's vacation may be permanent as he is ultimately responsible

Explanation:

Since Broker Needa is the employer of Wanna, he is ultimately responsible for the errors as the assistant works under his license. Brokers are always responsible for agents under their license.

I hope this helps.

4 0

3 years ago

Twenty-five thousand shares reacquired by Bremer Corporation for $53 per share were exchanged for undeveloped land that has an a

DIA [1.3K]

<u>Solution and Explanation:</u>

Date Account Head & Description Debit Amount Credit Amount

Land Debit (62 multiply 25000) 1550000

Treasury Stock Credit (53 multiply25000) 1325000

Paid - in Capital from treasury stock Credit

(1550000 minus1325000) 225000

(To record purchase of land)

b) One might use the cost of treasury stock. However, this is not a relevant measure of this economic event. Rather, it is a measure of a prior, unrelated event. The appraised value of the land is a reasonable alternative (if based on appropriate fair value estimation techniques). However, it is an appraisal as opposed to a market-determined price. The trading price of the stock is probably the best measure of fair value in this transaction.

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3 years ago