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2 years ago

Brief Exercise 9-17 Record early retirement of bonds issued at a premium (LO9-7)

Business

1 answer:

butalik [34]2 years ago

4 0

Answer:

Dr Bonds payable $50,700

Dr premium on bonds payable $4,265

Cr Cash $53,000

Cr gain on bonds retirement($50,700+$4,265-$53000) $1,965

Explanation:

The premium yet to be amortized on the bond at retirement is the carrying value minus face value i.e $54,965-$50,700=$4265

The premium on bonds payable would now be debited with $4265

The cash paid on retirement would be credited to cash account

The face value of the bonds payable of $50,700 would be debited to bonds payable in order to show that the obligation has been discharged.

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Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.

Alja [10]

Answer and Explanation:

The computation of the official unemployment rate is shown below:

Official unemployment rate is

= Unemployed workers ÷ (Unemployed + employed) × 100

= 13,863,000 ÷ (13,863,000 + 139,323,000) × 100

= 9.05%

Now for the U-4 is

= (Unemployed workers + discouraged workers) ÷ (Unemployed + employed + discouraged workers) × 100

= (13,863,000 + $993,000) ÷ (13,863,000 + 139,323,000 + $993,000) × 100

= 9.64%

Therefore for exclduing the discouraged workers it may cause the offical rate to understate the underemployment true extent

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2 years ago

According to Figure 5.1, why does "Marginal Cost" go down and then up again as more goods are produced?

Ulleksa [173]

This is because the lowest is the most efficient amout to make. As we increase number the extra costs of making those items will also increase.

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2 years ago

4. In the late 1990s and through 2000, the British public became increasingly concerned about " Mad Cow Disease," which could be

LuckyWell [14K]

Answer:

The quantity is likely to decrease, the change in price depends on the extent of change in demand and supply.

Explanation:

The fear of the mad cow disease lead to a reduction in the demand for beef. This caused the demand curve to move to the left.

At the same time, destruction of cattle heads ordered by the government lead to a reduction in the supply of beef. This caused the supply curve to move to the left.

This leftward shift in both demand as well as supply curve will lead to a reduction in the equilibrium quantity of beef.

The change in price of beef depends upon the extent of change in demand and supply. If both decrease by the same extent, the price will remain the same.

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2 years ago

Wax music expects sales of $437,500 next year. the profit margin is 4.8 percent, and the firm has a 30 percent dividend payout r

zimovet [89]

$16,231 is the Projected Increase in Retained Earnings.

<h3>Explanation</h3>

get here first Expected Profit that is express as

expected Profit = Sales × Profit Margin .......................1

expected Profit = 437500 × 5.3%

expected Profit = $23187.50

and Dividends is here as

Dividends = Expected Profit × Dividend Payout Ratio .................2

Dividends = 23187.50 × 30%

Dividends = $6956.25

Projected Increase in Retained Earnings will be

Projected Increase in Retained Earnings = expected Profit - Dividends ........3

Projected Increase in Retained Earnings = $23187.50 - $6956.25

Projected Increase in Retained Earnings = $16231.25

There are options missing in the question which is given below-

a. $16,231

b. $17,500

c. $18,300

d. $20,600

e. $21,000

Thus, the correct option is a. $16231

For more details about the question, click here:

brainly.com/question/14275701

#SPJ1

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1 year ago

Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon de

olasank [31]

Answer:

Thee jounal entry for January 1 of Messing Company is done below.

Explanation:

3.5% * 4000 = 140

Date Account Titles Dr Cr

Jan 1 Cash $3,860

Credit Card Expense 140

Sales Revenue 4,000

4 0

2 years ago