I need help with question 2

Five thousand bonds with a face value of $1000 each, are sold at 110. The entry to record the issuance is

Contact [7]

Answer:

Date, bonds sold at a premium

Dr Cash 5,500,000

Cr Bonds payable 5,000,000

Cr Premium on bonds payable 500,000

Explanation:

The total face value of the bonds is $1,000 x 5,000 bonds = $5,000,000

since the bonds were sold at 110, their price was $5,000,000 x 110% = $5,500,000

the difference between the face value and the actual market price = $5,500,000 - $5,000,000 = $500,000 must be recorded as premium on bonds payable (increases the bonds' carrying value)

4 0

3 years ago

Managers find operation costing useful in cost management because it: A. focuses on control of physical processes of a given pr

kirill [66]

Answer:

The answer is option C) Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.

Explanation:

Operation costing is a mix of job costing and process costing,

In Process Costing, each process or stage of production is costed separately. while Job costing is used to calculate and assign the total cost of materials, labor, and overhead of a specific job.

The manufacture of a product may consist of several operations. In Operation Costing, costs are collected for each operation instead of each process or stage of manufacture.

Therefore, Managers find operation costing useful in cost management because it uses job costing to account for the conversion costs and process costing for the material and customizable components.

6 0

3 years ago

"Uterine family" is the phrase Margery Wolf uses to describe the family a woman makes by having children though they are not off

AlekseyPX

Answer:

a. True

Explanation:

The uterine family represents the individual mother and mother children. in other way, it is you, your mother, your siblings, etc

The Uterine family implies the family description that shows the women have the children but they are not officially recorded as a members of the similar lineage

Therefore the given statement is true

3 0

3 years ago

KST Mart has large amounts of customer data. To understand customer purchase behavior, the company uses a process that automatic

Anton [14]

Answer:

B) data mining

Explanation:

Data Mining refers to the process of discovering patterns in large data sets using techniques like machine learning, statistics or database systems. The company uses this process to turn raw data into useful information for marketing , sales or cost management.

7 0

2 years ago

when convicts are released from prison, they have no money, and there is a high rate of recidivism the released prisoners return

slava [35]

Answer:

Yes

Explanation:

Recidivism can be defined as seen in the question as the tendency of an ex-convict to return to crime.

When a person returns from a sentence, he has nothing. No income, no job, etc. As a result of this, some ex-convicts are tempted into returning to the lifestyle that got them imprisoned in the first instance. Without a job,which is as a result of stigmatization of ex-convicts as never-do-well, there can't be income.

For this reason, the government should endeavor to give ex-convicts income support for a few months after their release from the prison. This will go a long way in helping the ex-convicts stay of crime and also help them plan towards a better life.

Cheers.

8 0

2 years ago