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Solnce55 [7]
2 years ago
5

Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin

g the interest expense to be lower than the bond interest paid c. causing the interest expense to be higher than the bond interest paid d. attracting investors that are willing to pay a lower rate of interest than on similar bonds
Business
1 answer:
Andreyy892 years ago
3 0

Answer:

B. causing the interest expense to be lower than the bond interest paid

Explanation:

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Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 2
solniwko [45]

The cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

<h3>What is FIFO?</h3>

FIFO means First-in, First-out.

The FIFO cost flow method is an accounting technique to determine the cost of goods sold and ending inventory based on the assumption that goods produced first are the first to be sold.

The FIFO method is the opposite of the Last-in, First-out (LIFO) method.

<h3>Data and Calculations:</h3>

Number of units produced = 200,000 units

Cost of production = $3 million

Unit cost of production = $15 ($3,000,000/200,000)

Beginning finished goods inventory = 25,000 units

Cost of Beginning inventory = $310,000

Cost of goods sold = $3,085,000 ($310,000 + $15 x 185,000)

Thus, the cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

Learn more about the FIFO Cost Flow Method at brainly.com/question/19167666

#SPJ1

3 0
1 year ago
The location and community analysis determines the key events predicted for the local community and immediate surrounding area d
mr Goodwill [35]

Answer:

True

Explanation:

I had this question on my test and got it right

4 0
3 years ago
Which utility applies to a company that educates customers about its products’ features? A. form utility B. knowledge utility C.
grandymaker [24]

Answer:

C. possession utility

Explanation:

The explanation can be justified by the definition of these terms.

<em>Possession utility </em>is a term used to refer the value that the company offers to the consumers if they purchase or use the product in the way that the company made it for - similar with the feature of products. In general, it is the perceived value from the products.

Meanwhile: Knowledge utility is created from the increase in knowledge of the consumers about the product. This applies to the customers. Form utility is created when there is change in the shape or forms of products. Place utility is about making goods and services accessible to the potential consumers. And price utility is about making products affordable with customers and reasonable with the value it offers.

3 0
3 years ago
A company uses the retail method to estimate inventories. The following information is for the first six months of the current y
Tanya [424]

Answer:

The correct answer is $240,000.

Explanation:

According to the scenario, given data are as follows:

Beginning inventory at cost = $70,000

Beginning inventory at retail = $100,000

Net purchases at cost = $270,000

Net purchases at retail = $360,000

Total sales = $320,000

According to the LIFO method.

Particulars                        Cost                       Retail              Cost/Retail Ratio

Beginning inventory             $70,000                $100,000                     70%

Net purchases                      $270,000              $360,000                     75%

Total Inventory                     $340,000             $460,000

Total sales                                                       $320,000

Ending inventory ( Estimated )

($360,000-$320,000)× 75%  $30,000

$70,000 × 70%                      $70,000

Ending inventory at cost         $100,000

Estimated cost of goods sold   $240,000.

Hence the correct answer is $240,000.

7 0
3 years ago
What is the purpose of tax-deferred retirement accounts?
kobusy [5.1K]
Allows individuals to set up a retirement account at financial institutions to save money for retirement. Usually has a tax free growth or tax deferred basis.

Is this free answer or is there a multiple choice?
4 0
3 years ago
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