1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastovalidia [21]
3 years ago
12

Sandhill Company issued $2,400,000 of 10%, 10-year bonds on January 1, 2017, at 103. Interest is payable semiannually on July 1

and January 1. Sandhill Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.5281%.
Required:
1. Prepare the journal entries to record the following. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
(a) The issuance of the bonds.
(b) The payment of interest and related amortization on July 1, 2017.
(c) The accrual of interest and the related amortization on December 31, 2017.
Business
1 answer:
hjlf3 years ago
7 0

Answer:

rnal entries to record the following. (Credit account titles are automatically indented when the am

Explanation:

You might be interested in
Ntercon is an Internet-based company that provides online support services for businesses that need help in setting up and maint
san4es73 [151]
Ntercon is an example of a company that is engaged in B2B E-Commerce

In General, B2B E-commerce  company sells product or services that is used to improve the efficiency and the productivity of other company. By providing online support for other businesses , Ntercon improve other companies' efficiency, which mean that Ntercon involved in a B2B E-commerce
3 0
3 years ago
A major reason outsourcing is effective is that a. few firms possess superior capability in all primary and support activities.
luda_lava [24]

Answer: Option A

Explanation: Outsourcing refers to business practice in which the company transfers some of the activities, which were earlier performed by its own employees, to another company or an individual.

This transfer of work is done for mainly two reasons. The first is for cheap labor cost and the second is for the benefit of specialization.

Hence from the above we can conclude that the correct option is A.

7 0
3 years ago
Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a holding cost per unit of $24.00,
Sedaia [141]

Answer:

a 1,560 units

b 780 units

c 390 units

d $18,720

e $9,360

Explanation:

Given that;

Production = 292,000

Daily demand , d = 400

Annual demand , D = 400 × 365 = 146,000

Production rate , P = 292,000 ÷ 365 = 800

Set up cost , Cs = $100

Holding cost , Ch = $24

a. What is the production order quantity

= √2 * D * Cs / CH × (p / p - d)

= √ 2 * 146,000 * 100/24 × (800/800-400)

= √1216666.6667 × 2

= √2433333.3334

= 1559.91

=1,560 units approximated.

b. What is the maximum inventory on hand

= EPQ × [ 1 - (d÷p) ]

= 1,560 × [ 1 - (400 ÷ 800) ]

= 1,560 × 0.5

= 780 units

c. What is the average inventory

= Maximum inventory ÷ 2

= 780 ÷ 2

= 390 units

d. What are the total holding costs

= EOQ/2 * Holding cost

= 1,560/2 * 24

= 780 *24

= $18,720

e. What does it cost to manage the inventory

= Holding cost * (Maximum inventory ÷ 2)

= 24 * (780 ÷ 2)

= 24 * 390

= $9,360

8 0
3 years ago
The cost principle is the basis for entering the purchase price into the accounting records.a. Trueb. False
faltersainse [42]

Answer:

The correct answer is letter "A": True.

Explanation:

The cost principle or historical cost establishes that an asset must be recorded at its face value at the moment when the asset is acquired. That cost is recognized as the value of the asset unless there is reasonable proof to state the opposite. Under this principle, any organization can register in its books an asset that has not been part of a transaction yet.

6 0
3 years ago
Does Audit services needed in Auchi polytechnic student union government? If yes,why
Zepler [3.9K]

Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

.

<h3>What is the student union?</h3>

The student union is known to be a body that is composed of student of any university, polytechnic or college institution.

It is known to be a body that is autonomous and one whose internal life set up its own by-laws.

Note that the student unions are often allocated funds by the university or polytechnic  and as such they have to use the audit service because some of their leaders may squander the money given to them., So this will help to checkmate them.

Hence, Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

Learn more about student union government from

brainly.com/question/14856644

#SPJ1

3 0
2 years ago
Other questions:
  • Donald discovers major flaws in the packaging department. He consults the production manager and formulates control measures to
    14·1 answer
  • Do you believe the cash flows from investing activities should include not only the return of investment, but also the return on
    6·1 answer
  • Property Rights and Corruption When looking at a country as a market or investment, the international business must consider the
    15·1 answer
  • When making important life choices, people who accept the "right livelihood" concept consider the importance of financial stabil
    12·1 answer
  • If the same purchase and sale transactions are recorded using both periodic and perpetual inventory valuation, which method will
    12·1 answer
  • The gross rent multiplier is used as a guideline for estimating value based on ___.
    15·1 answer
  • A smart fraudster usually manipulates which financial record in order to better avoid an audit trail? Group of answer choices In
    6·1 answer
  • Briefly describe at least one additional test you could perform to gain evidence as to whether or not the cash account is materi
    5·1 answer
  • This legislation protects individuals who are 40 years of age or older.
    7·1 answer
  • Define ''limited in stock''
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!