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yan [13]
3 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]3 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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Answer:

Identify the sequence of tasks that take the longest to complete

Explanation:

Program Evaluation and Review Technique (PERT) is a project management tool that is used to manage potential contingencies in the process of executing a project. It is used to schedule ,organize and coordinate tasks in a project.

Determining the critical path on a PERT network lists out the time required for different tasks to be completed and as a result , the sequence of tasks that require the longest time are identified.

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Stock in dragula industries has a beta of 1.1. the market risk premium is 7 percent, and t-bills are currently yielding 4.5 perc
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homeworklib Assume the following for White Top Inc. for the current fiscal year. White Top applies overhead on the basis of unit
Naya [18.7K]

Answer:

50,500 Units

Explanation:

The computation of the number of units produced is shown below:

Overhead rate is

= $200,000 ÷ 50,000 units

= $4 per unit

The Actual overhead is $222,000

So,

Under applied overhead is $20,000

Now

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= $222,000 - $20,000

= $202,000

And, finally

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3 years ago
One of the benefits of a next actions list is that it
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Based on findings suggested by David Allen in his book titled "Getting things done, " one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."

  • When you have a Next action list available, it implies that you know what to do next as you finish one task.

  • This is also based on the idea that finding what to do next coupled with how to do it can lead to mental stress.

Hence, in this case, it is concluded that one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."

Learn more here: brainly.com/question/22001271

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2 years ago
MacDonald​ Products, Inc., of​ Clarkson, New​ York, has the option of ​(a) proceeding immediately with production of a new​ top-
Romashka-Z-Leto [24]

Answer:

The EMV for option a is ​$5,679,100

The EMV for option b is ​$5,719,200

Therefore, option b has the highest expected monetary value.

Explanation:

The EMV of the project is the Expected Money Value of the Project.

This value is given by the sum of each expected earning/cost multiplied by each probability.

So

a) proceeding immediately with production of a new​ top-of-the-line stereo TV that has just completed prototype testing.

There are these following probabilities:

77% probability of selling 100,000 units at $610 each.

23% probability of selling 70,000 units at $610 each.

So

EMV = 0.77*E_{1} + 0.23*E_{2}

E_{1} = 100,000*610 = 6,100,000

E_{2} = 70,000*610 = 4,270,000

EMV = 0.77*E_{1} + 0.23*E_{2} = 0.77*(6,100,000) + 0.23*(4,270,000) = 5,679,100

​(b) having the value analysis team complete a study.

There are these following probabilities:

74% probability of selling 85,000 units at $720.

26% probability of selling 70,000 units at $720.

The cost of value engineering, at 120,000. So this value is going to be dereased from the EMV.

EMV = 0.74*E_{1} + 0.26*E_{2} - 120,000

E_{1} = 85,000*720 = 6,120,000

E_{2} = 70,000*720 = 5,040,000

EMV = 0.74*E_{1} + 0.26*E_{2} - 120,000 = 0.74*6,120,000 + 0.26*5,040,000 - 120,000 = 5,719,200

4 0
3 years ago
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