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3 years ago

Which of the following is a way to make your mission statement the best it can be?

Business

1 answer:

NeX [460]3 years ago

3 0

Revise the mission statement as conditions change and the business climate evolves.

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On April 1, 2021, Austere Corporation issued $330,000 of 11% bonds at 106. Each $1,000 bond was sold with 30 detachable stock wa

blondinia [14]

Answer:

Austere Corporation

The amount of the proceeds from the bond that should be recorded as an increase in liabilities is:

= $320,100.

Explanation:

a) Data and Calculations:

The bonds issued = $330,000 at 106

Number of $1,000 bonds issued = 330 ($330,000/$1,000)

Market value of each warrant = $3

Proceeds from issue of bond = $330,000*106% = $349,800

Fair value of warrant issued = 330*30*$3 = $29,700

The bond issue liability = $349,800 - $29,700 = $320,100

7 0

3 years ago

Shocker Associates sold office equipment for cash of $162,000. The accumulated depreciation at date of sale amounted to $123,000

siniylev [52]

Answer:

Original Cost of asset = $269,000

Explanation:

Provided information,

We have been provided that selling value of equipment = $162,000

Gain recognized on sale = $16,000

Gain = Selling price - Book Value

$16,000 = $162,000 - Book Value

Book Value = $162,000 - $16,000 = $146,000

Accumulated Depreciation = $123,000

Book Value = Original Cost - Accumulated Depreciation

$146,000 = Original cost - $123,000

$146,000 + $123,000 = Original Cost = $269,000

8 0

3 years ago

Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positiv

saul85 [17]

Answer:

D.) $50 to $49

Explanation:

a p e x

6 0

3 years ago

Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total

tangare [24]

Answer:

Variable cost per unit= $1.4 per unit

Explanation:

Giving the following information:

Miles Driven Total Cost Miles Driven Total Cost

January: 8,000 $14,120

March: 8,550 $14,979

February: 7,490 $13,495

April: 8,195 $14,490

To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)

Variable cost per unit= $1.4 per unit

7 0

4 years ago

Junkman Autos uses a separate checking account to pay their employees. The gross pay for the period was $1,000. However, after d

STALIN [3.7K]

Answer:

journal entry are given below

Explanation:

given data

gross pay for the period = $1,000

net pay for the period = $820

to find out

journal entry to record the issuance of payroll checks

solution

journal entry are as

Account Name Debit Credit

Labor Expenses $1000

payroll taxes Payable $820

Net Payroll Payable $180

( $1000 - $820 )

6 0

3 years ago