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Svetach [21]
3 years ago
9

The journal entry a company records for the issuance of bonds when the contract rate is greater than the market rate would be

Business
1 answer:
ahrayia [7]3 years ago
4 0

Answer:

C. debit cash, credit premium on bonds payable and bonds payable

Explanation:

Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:

Cash A/c Dr XXXXX

      To Premium on bonds payable A/c XXXXX

      To Bonds payable A/c XXXXX

(Being bond is issued at a premium is recorded)

When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account

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JCS Incorporated experienced the following transactions during its first year of business. The company purchased $16,000 of merc
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Answer:

46.67%

Explanation:

Gross margin is the ratio of gross profit to the total sales. The gross profit is the difference between the sales and cost of goods sold. Other cost given such as land and selling and distribution cost make up assets and  operating expenses respectively.

Hence

Gross profit = $30,000 - $16,000

= $14,000

Gross margin = $14,000/$30,000

= 0.4667

The company's gross margin is 46.67%.

4 0
3 years ago
Which of the following is NOT a part of personal financial planning?
Zarrin [17]

Answer:

i do not no sorry :'(

4 0
3 years ago
An example of a non-traditional seller can be?
kvv77 [185]
D. all of the above because all are not physical retailers. Non-traditional sellers/retailers do their selling/business over the phone, on the internet, etc.
7 0
3 years ago
Read 2 more answers
Page(s) 13-14 1.2. What are five foundations of economics? Arshad is trying to choose his college major. His options are physics
Marizza181 [45]

Answer:

Physics

Explanation:

Opportunity Cost

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice.

Since Arshad is concerned about his mid-career salary, Physics has the highest mid-career salary among the options, therefore opportunity cost of choosing to major in communications would be Physics

7 0
3 years ago
The percent change in multifactor productivity if Fok can reduce the energy bill by ​$1,000 per day without cutting production o
marishachu [46]

Answer:

The answer is "2.45%".

Explanation:

The answer of option c:

Reduce power by 950 dollars:

In this question it will need to once again take the latest energy cost for analytical hierarchical productivity.  

→ Total Input  = 400 \times  12+21000 \times 1 +(5000-950)+10000

                     = 4800 +21000 + (4050)+10000  \\\\                       = 25800+4050+10000 \\\\                       = 39850\\

Consumer rates  = \frac{1,000}{39,850}

                            =0.0250

Initial efficiency multi-factor= 0.0245

\to \text{percentage  changes} = \frac{\text{New Multi Factor Productivity - Previous Multi-Factor Productivity}}{\text{Originbal Multi-Factor Productivity}}  

                                   = \frac{(0.02450.0251)}{0.0245}\\\\ = 2.45 \ \  \%

3 0
3 years ago
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