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photoshop1234 [79]
3 years ago
9

Able Company issued $600,000 of 9 percent first mortgage bonds on January 1, 20X1, at 103. The bonds mature in 20 years and pay

interest semiannually on January 1 and July 1. Prime Corporation purchased $400,000 of Able’s bonds from the original purchaser on December 31, 20X5, for $397,000. Prime owns 60 percent of Able’s voting common stock.a. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X5What is the bond premium?b.Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X6.What is interest income?What is Interest Expense, Investment in Able. NCIof NA of Able

Business
1 answer:
faltersainse [42]3 years ago
4 0

Answer:

Explanation:

Find attached the worksheets

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Rienzi Farms grows sugar cane and soybeans on its 600 acres of land. An acre of soybeans requires 3 hours to plant and brings in
mezya [45]

Answer:

133 acres of sugar cane

and 300 of soybean provide a profit of $ 733,000

Explanation:

We setup the fromulas and use excel solver:

labor hours:  3 x sugar acres + 4 x soybean <= 1,600

profit  = 1,000 x sugar acres + 2,000 soybean

with the restriction soybean <= 300

                 SOLVER  

              acres          hours             PROFIT

sugar cane 133  x 3 = 399       x 1,000 =    133,000

soybeans 300  x 4 = 1,200           x 2,000 =<u>  600,000  </u>

                                                  TOTAL           733,000

6 0
3 years ago
In considering channels and logistics, what is the definition of intermodal transportation? Group of answer choices Combining tw
Taya2010 [7]

Answer:

Inter-modal transportation: Combining two or more modes of transportation

Explanation:

Logistics is the movement and coordination of resources such as food, liquids, materials, inventory, people and equipment from one location (origin) to another (destination). Intermodal transportation is used in logistics to transport a shipment from the shipper to the consignee. There are 3 methods of transportation:

  1. Ocean transportation e.g. ships
  2. Land transportation e.g. trucks, trains
  3. Air transportation e.g. flights

When any resource is transported by use of any two or more of these modes, it is known as intermodal transportation. For example, a container of clothing might be transported from Tokyo, Japan to New York, USA.

<u />

Japan factory to Japan Harbor: Train

Japan Harbor to USA Harbor: Ship

USA Harbor to warehouse in USA: Flight

Warehouse to shopping mall: Truck

5 0
3 years ago
Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be r
belka [17]

Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be repaid in 10 years and will be sold at par.-The correct statement is -<u>The bonds will sell at a premium if the market rate is 5.5</u>

Explanation:

The important point to be noted from the given question is that the bond is offered when the market rate is 6 percent.

So ,the bonds are said to selling at premium since the market rate has reduced from 6% to 5.5%

In this case it is right to say that -Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be repaid in 10 years and will be sold at par.-The correct statement is -<u>The bonds will sell at a premium if the market rate is 5.5</u>

4 0
3 years ago
Which of the following is far more effective, has greater longevity, and has a far wider audience than advertising?
DanielleElmas [232]

The answer is publicity. Hope I helped!


6 0
4 years ago
Water Source Inc. manufactures badminton rackets. The company estimates the following costs for the next year: Indirect factory
yuradex [85]

Answer:

$446,000

Explanation:

Factory overhead are indirect costs incurred by a company during production which can not be easily be traced to units produced.

factory overhead cost calculation :

Indirect factory wages                            $151,000

Supervisor salaries                                  $56,000

Power and light                                       $113,000

Depreciation of plant and equipment    $74,000

Indirect materials                                     $20,000

Insurance and property taxes                $32,000

Total                                                        $446,000

4 0
2 years ago
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