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yan [13]
4 years ago
9

Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1

, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
Mamont248 [21]4 years ago
8 0

To record final annual interest and bond repayment:

2017

Mar 1

Bonds interest expense       $25,400

Bonds payable                      $254,000

          Cash                                                  $279,000

On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash                                        $254,000

          Bonds payable                                  $254,000

On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

Bond Interest Expense ($100,000 x 12% x 1)          $25,400

          Cash                                                                                  $25,400


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The income tax rate on all forms of income is 40 percent and there is a tax of 10 percent on all consumption expenditure. The no
Tems11 [23]

Answer:

The economic policy action that changes the production demand and possible gross domestic product is named the availability aspect impact of the fiscal policy. This happens as a result of government provides public smart and services which offer work incentive and therefore the taxation variations the work inducement. However the availability aspect impact has serious restrictions. The taxation drives the wedge among the interest paid by the receiver and acknowledged by the investor. This extremely changes the funds and investment within the economy. This disturbs the capital development within the economy. The slower rate of investment formation reductions the economic process of the economy.

On the opposite hand taxation lowers the inducement to figure and therefore the provider of labor decreases at every level of wage rate. This reductions the potential gross domestic product and increase indicator within the economy. This can be shown within the figure 1.1.

In The figure 1.1 offers the marketplace state of affairs within the economy. Here Ld is that the labor demand curve and Ls is the initial labor provide curve. The preliminary wage rate was Wand labor hours utilized was L. The tax on wage financial gain lowers the inducement to work and moves the Ls curve left to Ls+tax. The new equilibrium happens on the left of the preliminary equilibrium. That’s the quantity of labor utilized within the economy decreases, because the amount of labor utilized decreases the wage rate raises by the quantity of tax.

The potential gross domestic product that is given by the equity between labor demands and provide or economic condition is given within the figure 2.2, wherever we tend to show the assembly perform of the economy. The assembly perform offers the link between labor hours utilized and real gross domestic product. Here, the initial potential gross domestic product at economic condition was Y with labor hours utilized L. because the tax decreases the inducement to figure the labor provide curve shifts and a brand new economic condition achieved with less quantity of labor hour utilized the potential gross domestic product fall to 111. At L labor hour utilized the important gross domestic product was Y and once tax as labor hours fall to L1 the real GDP decreases to

Now as there's invariably economic condition within the economy the important gross domestic product here are the potential GDP. Therefore we tend to see that a rise in charge per unit will increase the wage rate and reduces potential GDP

6 0
3 years ago
__________ is a form of warehousing that combines classic warehouse operations with light manufacturing and packaging duties to
vladimir2022 [97]

Answer:

Postponement  warehousing,

Explanation:

Postponement  warehousing, is form of warehousing that combines  classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment.

hub and spoke, consists of one hub (central location), at which the warehouse is located and it is transported to different locations through routes called spokes.

assortment is a form of warehouse in which a wide array of goods are held close to the source of demand to ensure short lead time.

spot stocking refers to company's goods stocked in a small warehouse for easy access. Often done seasonally.

5 0
3 years ago
Conocimientos científicos
mihalych1998 [28]

Answer:

¿Cuáles son los mecanismos de prevencion del hipo cientificamente?

Hay una serie de medidas o remedios que parecen ayudar a frenar el hipo entre los que se pueden citar: Tomar un vaso de agua fría. Beber agua agachando el cuerpo hacia delante. Aguantar la respiración y espirar después lentamente, repitiendo varias veces el proceso.

4 0
3 years ago
Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i
Andre45 [30]

The bank will most likely be filled with the following:

  • Mortgage loan
  • Collateral
  • Down payment
  • Seize her home.

<h3>What is a loan?</h3>

A loan is a sum of money, borrowed from a financial institution usually a bank or credit union to meet certain obligations.

The following statement should be considered:

  1. Lindsay took out a Mortgage Loan to purchase her new home.
  2. She used collateral in the form of the property to back the loan.
  3. Lindsay also paid money in advance. This is known as a Down payment.
  4. If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

Learn more about loan here : brainly.com/question/12481147

Hence, the bank will most likely be filled with Mortgage loan, collateral, Down payment, seize her home.

#SPJ1

5 0
2 years ago
In the Shaping Department of Rollins Company the unit materials cost is $5.00 and the unit conversion cost is $3.00. The departm
sukhopar [10]

Answer:

The answer is: C

Explanation:

This costing question assesses the stages of completion of inventory during the manufacturing process. The significant point of information is: all materials are added at the beginning of the process, meaning at the end of the period, materials are fully complete, that is, no more materials will be added to the ending work in process. However, the conversion costs are yet to be fully utilised. In this case, equivalent units (partial units computed as completed units for purposes of costing at the end of a financial period) will have  to be calculated to reflect the stage of completion.

Materials cost: 5000 units at 100% completion yields 5000 units for costing

Conversion costs: 5000 units at 20% conversion completion is equal to: 5000*0.2= 1000 equivalent units

The costing calculation for ending work in process is as follows:

Materials cost: 5000 units at $5.00 per unit = $25,000

Conversion cost: 1000 units at $3.00 per unit = $3000

The total cost for ending work in process is the sum of the materials cost and conversion cost = $28,000

8 0
3 years ago
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