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3 years ago

When a bond issued at face value is retired what is the journal entry

Business

1 answer:

Vedmedyk [2.9K]3 years ago

8 0

Credit the "bond payable" liability account for the total face value of the bonds and debit cash for the same amount.

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Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

photoshop1234 [79]

Answer:

Unit product cost= $84

Explanation:

Giving the following information:

Units produced 8,700

Direct materials $13

Direct labor $55

Variable manufacturing overhead $1

Fixed manufacturing overhead $130,500

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 130,500/8,700= $15

Unit product cost= 13 + 55 + 1 + 15= $84

5 0

2 years ago

Jeri and Knute are members of Lighthouse Tours LLC, a limited liability company. With respect to Lighthouse Tours’s liability, a

slava [35]

Answer:

Personal liability

Explanation:

Jeri and Knute are shareholders in lighthouse tours LLC. As lighthouse tours LLC is a limited liability company, Jeri and Knute enjoy limited liability.

Legally, lighthouses LLC is independent of its shareholders. It has the right to own assets and incur liabilities. Should the company get to the dissolution stage, its assets will be used to settle its obligations. If the assets of the company are not sufficient, the shareholders' private properties cannot be used to pay the debts. Jeri and Knute will be liable only to the extent of capital contribution.

8 0

2 years ago

Suppose Keyboard estimates it will use 125 comma 000 comma 000 parts per month and ship products with a total volume of 27 comma

djverab [1.8K]

Answer:

Kitting: $0.072 per part and Boxing: $0.764 per cubic feet

Kitting: $12.6 and Boxing: $6.9

Explanation:

Given that Keyboard spends $9,000,000 per month on kitting and $21,000,000 per month on boxing.

Keyboard estimates it will use 125,000,000 parts per month and ship products with a total volume of 27,500,000 cubic feet per month.

a) Since Kitting costs based on the number of parts used in the computer:

The predetermined overhead allocation rate for kitting = Money spent on kitting / number of parts used per month = $9000000 / 125000000 = $0.072 per part

Since Boxing costs based on the cubic feet of space the computer required:

The predetermined overhead allocation rate for Boxing = Money spent on Boxing / total = $21000000 / 27500000 = $0.764 per cubic feet.

a) each desktop computer requires 175 parts and has a volume of 9 cubic feet

For kitting, Activity cost per desktop = Predetermined overhead allocation rate x quantity per desktop = $0.072 × 175 = $12.6

For Boxing, Activity cost per desktop = Predetermined overhead allocation rate x quantity per desktop = $0.764 × 9 = $6.9

8 0

3 years ago

According to the video, the Chinese economic model since the 1980s is commonly referred to as _________ with Chinese characteris

rjkz [21]

Answer: hello the video related to your question hence I will provide a general answer based on the scope of the question.

answer :

Socialism

Explanation:

The Chinese economic model since the early 1980s is commonly referred to as Socialism with Chinese characteristics

Socialism with Chinese Characteristics is a set of political theories been adapted by the Chinese to fit in into the Chinese circumstance and around this period ( early 1980s ) i.e. Boluan Fanzheng period

4 0

3 years ago

You are creating a budget for your new buissness what should you include

slavikrds [6]

There are a lot of things that need to be included in a budget, but the two basics are income and liabilities. The reason for a budget is to ensure that you have enough money coming in to pay all your liabilities (aka bills) and have enough to reinvest into your business. You will need to include all your expected income for the budget period and all expenditures such as rent, utilities, payroll, taxes, etc.

Once you have established your budget, it is important for you as a business owner to stick to it.

6 0

2 years ago