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Dafna1 [17]
3 years ago
9

Your company issues $50,000 of one-year, 10% bonds at face value. The journal entry to record this transaction will include a de

bit to:
A. Cash and a credit to Bonds Payable for $50,000
B. Cash for $55,000, a credit to Bonds Payable for $50,000, and a credit to Interest Payable for $5,000
C. Cash and a credit to Bonds Payable for $55,000
D. Cash for $50,000, a debit to Interest Expense for $5,000, and a credit to Bonds Payable for $55,000.
Business
1 answer:
Ostrovityanka [42]3 years ago
8 0

Answer:

A. Cash and a credit to Bonds Payable for $50,000

Explanation:

The journal entry is shown below:

Cash $50,000  

           To Bonds Payable  $50,000

(being the issuance of the bond payable is recorded)

We simply debit the cash as it increased the assets and credited the bond payable as it also increased the liabilities so that the proper posting could be done i.e $50,000 should be credited and debited

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A company is preparing a bid on a government contract for 30 units of a certain product. There is some learning curve effect tha
ololo11 [35]

Answer:

Average time per unit is 59.6 hours

Explanation:

As we know as the work is done the learning of the labor force increases and they require less time to produce the next unit. An average time required to produce specific numbers of unit including cumulative effect of the learning curve.

As per given data

Number of units = 30 unit

Ratio of Time to produce second unit = 90 / 100 = 0.9

Accumulated Average time per unit Formula is

y = aX^b

Where

y = Average time per unit = ?

X = Cumulative Numbers of unit = 30

a = Time required to produce first unit = 100 hours

b = factor used to calculate cumulative average time = log (Learning Curve %/ log2) = Log (90/100) / Log2 = -0.152

Place value value in the formula

y = 100 x 30^ -0.152 = 59.6 hours

7 0
3 years ago
Which will you likely have to provide on college applications?
77julia77 [94]
Personal information :)
7 0
3 years ago
The Carter Corporation makes products A and B in a joint process from a single input, R. During a typical production run, 50,000
klemol [59]

Answer: $54,000 per production run

Explanation:

As we are dealing with the decision of whether or not to process the good further, the irrelevant cost would be the cost of producing product B from input R.

This is because this cost has already been incurred to produce product B and so is a sunk cost. Sunk costs are irrelevant to the decision to process further.

30,000 units of B were made from 90,000 units R so the cost of B is:

= 30,000 / 50,000 * 90,000

= $54,000

<em />

<em>The options here are probably for a variant of this question.</em>

8 0
3 years ago
Find out equilibrium price and output for the following market condition.
Ierofanga [76]

Answer:

At equilibrium demand is equal to supply therefore  

Qd=Qs

50-2P=3P

By collecting like terms

50=3P+2P

50=5P

P=10

THEREFORE  equilibrium price  is 10

Explanation:

6 0
3 years ago
The common stock of Auto Deliveries sells for $26.46 a share. The stock is expected to pay $2.00 per share next month when the a
denpristay [2]

Answer:

The market rate of return on the stock is 12.55%

Explanation:

Computing the market rate of return on the stock is as:

Selling price of common stock = Expected price per share / (Rate of return [R] - Dividend)

where

Selling price of common stock is $26.46

Expected price per share is $2.00 per share

Dividend is 5.0%

Putting the values above:

$26.46 = $2.0 / (R - 5%)

$26.46 = $2.0 / (R - 0.05)

R - 0.05 = $2.0 / $26.46

R - 0.05 = 0.0755

R = 0.0755 + 0.05

Rate of return = 0.1255 or 12.55%

5 0
3 years ago
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