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inna [77]
3 years ago
9

On January 1, 2017, Garzon purchased 6% bonds issued by PBS Utilities at a cost of $40,000, which is their par value. The bonds

pay interest semiannually on July 1 and January 1. For 2017, prepare entries to record Garzon's July 1 receipt of interest and its December 31 year-end interest accrual. (Do not round your intermediate calculations.)
Business
1 answer:
puteri [66]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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Fusaro Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year.
WARRIOR [948]

Answer:

The amount of manufacturing overhead that would have been applied to all jobs during the period is $1,289,340.00

Explanation:

For computing the manufacturing overhead, first, we have to compute the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $684,000 ÷ 20,000 hours

= $34.20

Now the applied overhead would be equal to

=  Actual direct labor-hours × predetermined overhead rate

= 37,700 hours × $34.20

= $1,289,340.00

4 0
3 years ago
When the CEO and senior management of a books, music, and games distributor systematically evaluate the company’s internal and e
dybincka [34]

Answer:

PEST and SWOT

Explanation:

PEST and SWOT are closely related approaches to business analysis. PEST is an acronym that stands for political, economic, social and technological influences on a business. SWOT is a situational analysis tool for company leaders that involves assessing strengths, weaknesses, opportunities and threats.

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3 years ago
What is an Action Plan? An exercise program to increase your strength A list of goals that need to be reached to obtain a vision
gayaneshka [121]

Answer:

A list of specific steps needed to be done to reach a goal

Explanation:

An action plan shows the steps that must be taken to achieve a specified objective. It is a document that outlines the path that needs to be followed to meet the set goals.  An action plan gives details on the of every step, and its relevance to attaining the overall goal.

<u>The details contained in each step include </u>

  1. The financial resources required to accomplish the step
  2. Source of the  finance
  3. The tasks that need to be performed
  4. The individual to perform each task
  5. The supervisor of the step
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Which of the following is quite often not incremental? Group of answer choices Direct material Direct labor Variable manufacturi
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3 years ago
The Brenneman Company's direct materials budget shows total cost of direct materials purchases for January $125,000, February $1
Mrac [35]

Answer:

C) $165,000

Explanation:

To determine the total amount that Brenneman has to pay during March, we have to first calculate the percentage owed from February and March:

Total purchases during February $150,000 x 40% (percentage due in March)  = $60,000

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Total payments due in March = $60,000 + $105,000 = $165,000

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3 years ago
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