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3 years ago

Five thousand bonds with a face value of $1000 each, are sold at 110. The entry to record the issuance is

Business

1 answer:

Contact [7]3 years ago

4 0

Answer:

Date, bonds sold at a premium

Dr Cash 5,500,000

Cr Bonds payable 5,000,000

Cr Premium on bonds payable 500,000

Explanation:

The total face value of the bonds is $1,000 x 5,000 bonds = $5,000,000

since the bonds were sold at 110, their price was $5,000,000 x 110% = $5,500,000

the difference between the face value and the actual market price = $5,500,000 - $5,000,000 = $500,000 must be recorded as premium on bonds payable (increases the bonds' carrying value)

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In Jackson Jones Company, land decreased $270,000 because of a cash sale for $270,000, the equipment account increased $90,000 a

marin [14]

Answer:

The answer is D. $180,000

Explanation:

Investing activities is about spending on long term asset or long term investments.

Under investing activities in cash flow, what constitutes inflow is the sales of these long term assets like plant and machinery and what constitutes outflow is the purchase of these assets.

In this question, the inflow is the sale of equipment which us $270,000 and outflow is the purchase of equipment for $90,000.

So net cash flow from investing activities is:

$270,000 - $90,000

=$180,000

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3 years ago

Jamie is 42 years old and received a $20,000 distribution for his roth ira established in 2009. at the time of distribution, the

Leviafan [203]

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3 years ago

All of the following are determinants of demand elasticity EXCEPT a. whether the purchase of the product can be delayed b. wheth

yKpoI14uk [10]

Answer:

The correct answer is option d. whether the product has utility.

Explanation:

The demand elasticity is a concept that explains the elasticity of the consumer in terms of buying a product while its price rises.

All of the factors given in the question are a part of this concept except whether the product has utility.

The reason is that when a consumer buys something, the utility of that desire is not measured. If people have a high demand elasticity, they would buy the most priciest of things which have no utility as such.

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2 years ago

Which work measurement technique breaks down tasks into a series of generic micromotions?

GuDViN [60]

The measurement technique breaks down tasks into a series of generic micromotions is predetermined data approach.

Given that the technique breaks down into a series of generic micromotions.

We are required to name the work measurement technique that breaks down tasks into a series of generic micromotions.

The name of the work measurement technique that breaks down tasks into a series of generic micromotions is predetermined data approach.

The predetermined data method basically eliminates the need for time studies altogether. The analyst has to divide each work element into a series of micromotions common to a variety of tasks.

Hence the measurement technique breaks down tasks into a series of generic micromotions is predetermined data approach.

Learn more about measurement technique at brainly.com/question/4905850

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1 year ago

A decision strategy is a sequence of decisions and chance outcomes, where the decisions chosen depend on the yet to be determine

jasenka [17]

Answer:

false is the correct answer

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2 years ago