Answer:
A. $880
B. -$752.23
Explanation:
Calculation to determine the conversion value of the issue
First step is to calculate the Conversion ratio using this formula
Conversion ratio=Per value of security/ Conversion price
Let plug in the formula
Conversion ratio=$1,000/$25
Conversion ratio=40
Now let determine the Conversion value using this formula
Conversion value =Conversion ratio*Conversion price
Let plug in the formula
Conversion value=40*$22 per share
Conversion value=$880
Therefore the conversion value of the issue is $880
B. Calculation to determine the Straight bond value of the issue
Using financial calculator to the Present Value (PV)
PMT=8%*1,000=80
N=12 years
1/Y=12%
FV=1,000
PV=-$752.23
Therefore the Straight bond value of the issue is -$752.23
Answer: b. $31,000
Net income = Revenue - costs
Revenue = 48,000+12,000=60,000
Costs = 26,000+3,000= 29,000
Net Income = 60,000-29,000= 31,000
We will not count prepaid rent as an expense for this years net income calculation because it is an expense for the next accounting period and not this one.
Explanation:
Answer:
Journal 1
Direct Materials $49750 (Debit), Indirect Materials $3700,(Debit) Direct labor $ 51000 (Debit), Indirect labor $ 2500 ( Debit), Manufacturing Overhead Account $106960 (Credit)
Journal 2
Manufacturing Overhead Account $106960 (Debit), Accounts Payable $106960
Explanation:
Journal 1
Materials and Labor (both direct and indirect) resource acquired shows an accumulation of resources needed for manufacturing process.
Therefore these resources are being recorded in their respective accounts and transferred to manufacturing overhead account.
Journal 2
Both materials and Labor acquired for manufacturing process are still owing.The journal represent a present obligations in settlement of the Manufacturing overhead (Both for Materials and Labor)
Answer:
NAICS Codes
Explanation:
One way to segment markets for business customers is by industry type. This approach is attractive because of NAICS codes which makes it cost effective to measure the number of potential customers in an industry. NAICS codes are the North American Industry Classification System which is mostly used to collect the most authentic data on the businesses in the US. It helps B2B organisations to attain the data quite easily which they can use further in order to locate their potential business consumers. This saves both their time and effort.
College education provides an investment in your future earning capacity. By investing resources today, you are assuming that your return on this investment will be paid through your future annual salary. This future annual salary is assumed to be greater than if you chose not to invest your resources in a college education.