The equation represents Jordan's overtime pay structure. Based on this equation, what is Jordan's regular hourly pay?

Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $830 million on January 1, 2021. The bonds sold

Semmy [17]

Answer:

discount on bonds payable 18,383,020.48 debit

other comprehensive income 18,383,020.48 credit

--to adjust Bonds at 12/31/2021 market value --

other comprehensive income 4.739.000‬ debit

discount on bonds payable 4.739.000‬ credit

--to adjust Bonds at 12/31/2022 market value --

Explanation:

We solve for the book value at year-end using effective rate

First year:

First payment

830,000,000 x 5.5% = 45,650,000

767,557,868 x 6.0% = 46,053,472.08

Amortization 403,472.08

Second Payment

830,000,000 x 5.5% = 45,650,000

(767,557,868 + 403,472.08) x 6.0% = 46,077,680.4

Amortization 427680.4

Carrying value at year-end

767,557,868 + 403,472.08 + 427,680.40 = 768,389,020.48

We need to recognize a deferred gain for the difference between these and the 750,000,000 market value at December 31th

which is $ 18,383,020.48 as these as not been realized it will be part of other comprehensive income

We will increase the discount to adjust the bonds payable account net balance.

Second year:

We repeat the process

First Payment:

830,000,000 x 5.5% = 45,650,000

Interest expense 750,000,000 x 6% = 45,000,000

Amortization 650000

Carrying value 750,000,000 + 650,000 = 750,650,000

Second Payment:

830,000,000 x 5.5% = 45,650,000

750,650,000 x 6% = 45,039,000

Amortization 611000

Carrying Value 750,650,000 + 611,000 = 751,261,000

Wer now compare this with the 756,000,000

as now the debt of the company has increased we are going to decrease the discounttand recognize a deferred loss through other comprehensive income as it wasn't realized

756,000,000 - 751,261,000 = 4.739.000‬

7 0

3 years ago

A stockbroker earns a commission by a flat fee for each transaction as well as a fee per share. On a particular transaction, the

Kitty [74]

As flat fee =
57.50 - 5000*0.01 = 7.50
Let fee per share = x 
so it would be
 y = 0.01x + 7.5
so i conclude correct option fro above statement is
B
hope it helps

4 0

3 years ago

Although hargrove co. makes enough money to pay for everything it needs, it still chooses to have some debt and pay a larger por

lisov135 [29]

The best explanation for this decision is "financial leverage".

Financial leverage refers to the amount of debt that is used by an entity to purchase more resources. Leverage is utilized to abstain from utilizing excessively value to support operations. An intemperate measure of money related use expands the danger of disappointment, since it turns out to be more hard to repay debt.

6 0

3 years ago

The following information is known for the month of December: Purchases of supplies during December total $4,500. Supplies on ha

4vir4ik [10]

Answer:

1. a.) Dr Supplies 4500

Cr Cash 4500

b.) Dr Supplies expense 1000

Supplies 1000

2.a.) Dr Prepaid insurance 24000

Cr Cash 24000

b.) Dr Insurance expense 2000

Cr Prepaid insurance 2000

3. Dr Salaries expense 16000

Cr Salaries payable 16000

4.a.)Dr Cash 4500

Advance rent 4500

b.)Dr Rent expense 1500

Cr Advance rent 1500

Explanation:

1.Supplies were purchased on cash and at the end of period supplies were on hand was 3500 so 1000 was of supplies were used.

2. Annually insurance prepaid was 24000=2000 * 12.so

For the month of Dec was 2000 expense.

3.Salaries for the month of Dec was payable of Rs.16000.

4.As cash was received against rent which was unearned.the rent expense for the month of Dec was = 4500/3=1500.

5 0

3 years ago

Marta needs an electrician to do some work at her home. Her father advises her to make sure that the firm she plans to hire is n

igomit [66]

Answer:

A firm that requires union membership by its workers as a condition of employment.

8 0

3 years ago