Answer:
Coca-Cola sells its products to canning and bottling companies, distributors, wholesalers and retailers.
Explanation:
These channels then distribute them to other retailers, such as gas stations, convenience stores, supermarkets and restaurants.
Answer: Yes. The younger brother will prevail in his claim since he has performed under a valid contract.
Explanation:
Based on the information given, the younger brother will prevail in his claim because he has performed under a valid contract.
Based on the information given, he entered into a valid contract with his elder brother, accepted the offer and complied with its terms from that day forward. Since he performed the contract, he's entitled to the $15000 when after his brother's death.
The net income of Denver Incorporated is $0.71 million.
<h3> What is profit margin? </h3>
Profitability margin is an example of a profitability ratio. Profitability ratios measures the efficiency that a business uses to derive profit from its assets. Profit margin measures the return on sales
Profit margin = net income / net sales
<h3>What is the net income? </h3>
5% = net income / $14.2 million
Net income = $14.2 million x 0.05 = $0.71 million
To learn more about financial ratios, please check: brainly.com/question/26092288
Answer:
1.
1 Jan 2019
Cash 2100000 Dr
Bonds Payable 2100000 Cr
2.
30 June 2019
Interest expense 73500 Dr
Cash 73500 Cr
31 Dec 2019
Interest expense 73500 Dr
Cash 73500 Cr
3.
31 Dec 2022
Bonds Payable 2100000 Dr
Cash 2100000 Cr
Explanation:
1.
The bonds are assumed to be issued at par value as the market interest rate is not given and is assumed to be the same as the interest rate on bonds of 7%. The issuance of bonds on par is recorded as a debit to the cash received against the bonds and a credit to the bonds payable account.
2.
The semi annual interest payment on bond is,
Bond interest-semi annual = 2100000 * 0.07 * 6/12 = 73500
The interest rate given is the annual interest rate of 7%. That is why we multiply it with 6/12 to get the semi annual interest.
3.
The disposal of bonds will be a reversal of the issuance entry. The bonds payable will be debited by the par value amount and the cash will be credited.
