Answer: 
The answer to the question is as attached  
Explanation:
a. The total credit matches the debit in a total of  $16,600,000 
b. Cash	$$15989036    
Discount on bonds payable (16600000 -15989036)    $610964
Bonds payable  $16600000
(To record issuance of bonds)  
b)	Interest expense 825000+610964=	$1435964
Discount on bonds payable 610964/11=  $55542
Cash 16600000*11%*6/12=  
$913000
(To record discount amortized and interest paid)  
c)	Interest expense 825000+55542=  $880542  
Discount on bonds payable 610964/11=  	$55542
Cash 16600000*11%*6/12=  	$913000  
 
        
             
        
        
        
Answer:
7. $41,000
Explanation:
7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).
 
        
             
        
        
        
Answer:
Production
Explanation:
Production turns inputs such as raw materials, human resources into outputs.
 
        
             
        
        
        
Answer:
13 days 
Explanation:
We are to calculate the days of inventory on hand. 
Days of inventory on hand = number of days in a period/ inventory turnover 
Inventory turnover = Cost of goods sold / average inventory 
Cost of goods sold = 0.68 x $948,000 = $644,640
Inventory turnover = $644,640 / $23,000 = 28.027826
Days of inventory on hand = 365 / 28.027826 = 13.02 days 
I hope my answer helps you 
 
        
             
        
        
        
Answer:
c. it ignores all cash flows after the payback period
d. it ignores the time value of money.
Explanation:
Payback period as far as capital budgeting is concerned can be regarded as time that is required for recouping of funds that is been expended during setting up of an investment, or the funds required to get to break-even point. It should be noted that weaknesses of the payback period are;
✓. it ignores all cash flows after the payback period
✓ it ignores the time value of money.