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dmitriy555 [2]
3 years ago
12

Blossom Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, th

e bonds were selling in the market at 97, and the warrants had a market price of $33. Use the proportional method to record the issuance of the bonds and warrants.
Business
1 answer:
Nonamiya [84]3 years ago
5 0

<u>Solution:</u>

<u>In the books of the Bloosom Corporation : </u>

Transaction Account Titles and explanation          Debit        Credit

                                                                   Amount in $ Amount in $

1 Cash ( 2,000 x 1,000 x 101 %)                  2,020,000  

Discount on Bonds Payable                             46,461  

Bonds Payable                                                             2,000,000

Paid-in Capital : Stock Warrants                                         66,461

The bond issue proceeds proportionately allocated to the bonds: \$ 2,020,000 \times 970 /(970+33)  = $ 1,953,539.

Discount on the bonds payable = $ 2,000,000 - $ 1,953,539 = $ 46,461

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A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the
Irina-Kira [14]

Answer:

A. Lowest Total Cost:

A. 315,550 or more

B. Lowest total cost of annual volume of 120 boats

C. C

Explanation:

The lowest total cost among the three alternatives is b.

If the company goes for new location it will have to incur fixed cost of $270,000 and variable cost per boat will be $600.

If the company Subcontracts then Total cost per boat is $2,620

If a company goes for expanding existing facility then it will incur fixed cost of $57,000 and variable cost will be $1,030 per boat.

If company produces 315,000 or more boats then it will have lowest possible cost for the boat.

For an output of 120 bots the best possible alternative is option C. The fixed cost will be $475 per boat ($57,000 / 120 boats)

The total cost will be $1,505 ($475 + $1,030)

5 0
3 years ago
What is 1 question to ask a janitor? (This not for an interview)
inysia [295]
Maybe what qualifications are required? Is there benefits that come along with the job? What made you want to be a janitor for this facility?

5 0
3 years ago
A company purchased 300 units for $60 each on January 31. It purchased 150 units for $25 each on February 28. It sold a total of
Daniel [21]

Answer:

Weighted-average inventory costing method Ending Inventory = $ 9666.67= $ 9667

Explanation:

Date           Particulars       Units   Unit Cost        Total Cost

January 31  Purchases          300             $ 60        $ 18,000

February 28   Purchases       150             $ 25          $3750

Total                                       450                               $ 21,750

Weighted-average inventory costing method=  Total Cost/ Total Units=

                                    $ 21,750/450= $48.33 purchase price per unit

Sales              250 units       at     $ 70    =      $ 17500

Ending Units =  Purchases-Sales = 450-250= 200

Weighted-average inventory costing method Ending Inventory = $ 9666.67

200 units at 448.33=  $ 9666.67= $ 9667

3 0
3 years ago
Read 2 more answers
with a variety of different brands, marriott needs a clear ________ strategy to help provide customers with accommodations that
liubo4ka [24]

With a variety of different brands, Marriott needs a clear ________ strategy to help provide customers with accommodations that best meet their needs.

  • <u>Marketing</u>

According to the given question, Marriott needs a strategy that would best help her provide her customers with accommodation based on their different needs.

The best type of strategy that Marriott needs to undertake would be a marketing strategy.

This is because, when she starts to market to her customers, then she would be able to know their various needs and serve them based on those needs.

<u />

Therefore, the correct answer is marketing

<u />

Read more here:

brainly.com/question/21629547

8 0
3 years ago
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $210.761 million Total Common Stock of $6.
xeze [42]

Answer:

the  Digby Corporation's total liabilities is $156.92 million

Explanation:

The computation of the total liabilities is given below:

Total Liabilities is

= Total Asset - (Total Common Stock + Retained Earnings)

= $210.761 - ($6.350 + $47.491)

= $210.761 - $6.350 - $47.491

= $156.92 million

Hence, the  Digby Corporation's total liabilities is $156.92 million

The same should be relevant

5 0
3 years ago
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