Answer:
C) Operating, $12,000; financing $6,000.
Explanation:
Interests expenses do no change the notes payable or bond, but results in the reduction of the cash flow of a company. Therefore, the interests paid on both short terms notes payable and interest on long-term bonds will appear under the operating activities section of the cash flow statement.
Dividend appears under the financing activities section of the cash flow statement.
For this question, we therefore have:
Cash outflows from operating activities = Interest on short-term notes payable + Interest on long-term bonds = $2,000 + $10,000 = $12,000
Cash outflows from financing activities = Dividends on common stock = $6,000
Therefore, the correct option is C) Operating, $12,000; financing $6,000.
Answer:
<u>Job cost sheet</u>
Beginning /Materials / Labor / *overhead / Total
>J/58 0 9200 14400 3840 27440
>J/59 0 8900 10800 2880 22580
>J/60 0 6400 7200 1920 15520
24500 32400 8640 65540
<em><u>Journal entries:</u></em>
raw materials 29670
accounts payable 29670
WIP 24500
raw materials 24500
WIP 32400
wages payables 32400
factory overhead 17880
accounts payable 17880
WIP 8640
factory overhead 8640
Finished Goods 50,020**
WIP inventory 50,020
***COGS 53,040
Finished Goods 53,040
Accounts receivables 74256
*4 Sales revenue 74256
Explanation:
* the overhead is calcualte as the direct labor per job (800 ; 600; 400 respectively) times the overhead rate of 4.80
** the finished goods are Job 58 for a cost of 27,440 and 59 which cost is 22,580 we add the mand get 50,020 for the amount transferred int ofinished goods
***the cost of good sold will be J/57 of 25,600 plus J/58
*4 the sales revenue will be COGS times 1.4 as is the manufacturing cost plus a 405 markup.
Answer:
At June 30th, 2020 an investor will purchase the bonds at 197,327 which is the present value of the bond at the market rate.
<u>June 30th entries:</u>
interest expense 11,627.4 debit
discount on bonds payable 627.4 credit
cash 11000 credit
/effective method
interest expense 11,776.25 debit
discount on bonds payable 776.25 credit
cash 11000 credit
/straight-line method
the tables are attached to the answer.
Explanation:
effective method
procceds 193,790
face value 200,000
discount on bonds payable 6,210
bond rate 0.055 (11% annual / 2 payment per year)
market rate 0.06 (12% annual / 2 payment per year)
straight line:
6,210 / 8 (4 years and 2 payment per year) = 776,25
Answer:
C. maximize total profit by maximizing profit for each group separately
Explanation:
Price discrimination is when a seller sells the same quantity and quality of goods and services to different groups of consumers at different prices.
Price is usually set higher than marginal cost for a price discriminator.
I hope my answer helps you.
