The words the anchor says in between stories are called what

On December 1, 2018, Marigold Corp. issued at 102, 750 of its 7%, $1,000 bonds. Attached to each bond was one detachable stock w

balu736 [363]

Answer:

$726,750

Explanation:

According to the given problem,

Bonds issued at 103% of the face value.

Face value of the bonds = $1000

Coupon rate = 7%

Number of bonds issued = 750

The data indicates that each bond is issued with a separate stock warrant which has a market value of $50.

However the question was provided that the value of the proceeds from issuing the bonds should be found.

At 102 per cent of the bond's face value, each bond is issued.

Request bond price along with stock warrant.

= 102% ($1000) = $1020

Total number of bonds = 750

Proceeds from the issuance of total number of bonds

= 750 * $1020 = $765 000

The value of the proceeds from issuing the bonds therefore is $765 000.

You deduct the $50 stock purchase warrant at 102 per cent initial market value.

50 * 1.03 = 51

51*750 = 38250

$765,000 - $38,250 = $72,6750

3 0

2 years ago

Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of ca

lana [24]

Answer:

It will increase cost by $72,594

It is not convinient to buy the finials

It will be better to keep the production

Explanation:

Direct Materials 3.73

Direct labor 4.69

Variable overhead

61% of labor cost

4.69 x 0.61 = 2.86

Total Variable Cost 11.28

Offered Price 13.46

- Make Buy Difference

Unit Cost $11.28 $13.46 -$2.18

Total Variable Cost $375,624.00 $448,218.00 -$72,594.00

Fixed Cost $40,400.00 $40,400.00 $-

Total Cost $416,024.00 $488,618.00 -$72,594.00

6 0

2 years ago

Dazzle Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jour

Nikitich [7]

Answer:

B) Debit work in process inventory $172,000

Credit Factory Wages Payable $172,000

Explanation:

Option A is not correct answer as the question is to record the production activities for direct labor usage instead of recording production and payment of wages. In option A, Wages payable is debited and cash is credited e.g. payment of wages is recorded and first step of recording production is missed.

Option B is the right answer as it appropriately records production activity for the month of June by debiting work in process inventory and crediting factory wages payable.

Option C is not correct answer as it is directly debiting cost of goods sold, which is debited at the time of sale of goods and goods are transferred from finished inventory to cost of goods sold.

Option D is not correct answer as it is directly crediting cash instead of recording payable. At the end of the month, production activities are recorded and payment entry is recorded at the time of payment depending on the Company policy to pay.

6 0

3 years ago

30. Server virtualization involves:

Alex

Answer:

Partitioning a physical server into smaller virtual servers.

Explanation:

Basically, rather than having a physical hardware within the company to store information, server virtualization allow companies to store that information on a hosted offsite server

By doing this, company can obtain several benefits, such as:

- the companies could reduce cost by using less hardware.

- The company could recover data faster in case there is some sort of disaster that destroyed their office

- The server can be set up faster compared to physical server

3 0

3 years ago

All of the following are fees typically charged by credit card companies EXCEPT:

kicyunya [14]

It is D Reload fee Crédit card companies usually don't charge a reload fee.

6 0

3 years ago