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3 years ago

9

Lycan, Inc., has 8.8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments and h

ave a par value of $1,000. If the YTM on these bonds is 10.8 percent, what is the current bond price

1 answer:

guapka [62]3 years ago

8 0

<span>The bonds make annual payments and have a par value of $1,000.</span>

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Exchanged all of the securities for shares of preferred stock, which were not mandatorily redeemable. Market values at the date

ValentinkaMS [17]

Answer:

The full question is as follows <em>"The following accounts were among those reported on Good Corp.'s balance sheet at December 31, year 1: Available-for-sale securities (market value $140,000) $80,000 Preferred stock, $20 par value, 20,000 shares issued and outstanding 400,000 Additional paid-in capital on preferred stock 30,000 Retained earnings 900,000 On January 20, year 2, Good exchanged all of the available-for-sale securities for 5,000 shares of Good's preferred stock. Market values at the date of the exchange were $150,000 for the available-for-sale securities and $30 per share for the preferred stock. The 5,000 shares of preferred stock were retired immediately after the exchange. Prepare the general journal entry, without explanation, to record this event."</em>

Date General Journal Entry Debit Credit

Preferred stock A/c $100,000

(5000*$20)

Add. paid-in capital on preferred stock $7,500

(30000 * 1/ 4)

Retained earnings $42,500

Trading securities A/c $140,000

Gain on exchange of securities $10,000

8 0

2 years ago

Primera Company produces two products and uses a predetermined overhead rate to apply overhead. Primera currently applies overhe

pychu [463]

Answer:

Primera Company

1. Plantwide predetermined overhead rate:

= $1,536,000/768,000

= $2.00 per direct labor hour

Overhead assigned to each product:

Product 1 Product 2

Direct labor hours 480,000 147,200

Predetermined overhead

rate = $2 per direct labor hour

Total overhead = $960,000 $294,400

2. Predetermined departmental overhead rates:

Department 1:

Direct labor hours $2 ($1,536,000/768,000)

Department 2

Machine hours = $7.385 ($1,536,000/208,000)

Overhead assigned:

Product 1 = $960,000 (480,000 * $2)

Product 2 = $70,896 (9,600 * $7.385)

3. The applied overhead for the year:

Department 1 = $1,254,400 (627,200 * $2)

Department 2 = $1,512,448 (204,800 * $7.385)

Total = $2,766,848

Overapplied overhead for the firm = $1,134,848 ($2,766,848 - $1,632,000)

4. Debit Manufacturing overhead $1,134,848

Credit Cost of goods sold $1,134,848

To transfer the overapplied overhead to cost of goods sold.

Additional information needed if the variance is material is to determine the percentages to allocated to Work in process, Finished Goods, and Cost of Goods Sold.

Explanation:

a) Data and Calculations:

Estimates:

Department 1 Department 2 Total

Direct labor hours 640,000 128,000 768,000

Machine hours 16,000 192,000 208,000

Overhead cost $384,000 $1,152,000 $1,536,000

Actual results:

Department 1 Department 2 Total

Direct labor hours 627,200 134,400 761,600

Machine hours 17,600 204,800 222,400

Overhead cost $400,000 $1,232,000 $1,632,000

Product 1 Product 2 Total

Direct labor hours:

Department 1 480,000 147,200 627,200

Department 2 96,000 38,400 134,400

Machine hours:

Department 1 8,000 9,600 17,600

Department 2 24,800 180,000 204,800

3 0

3 years ago

Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about e

bekas [8.4K]

Explanation:

Employee motivation is not directly related to the conditions of their work and personal life. There are many studies and researches that seek to understand how the employee is motivated, one of the most accepted and used is the Maslow pyramid, which categorizes each human need in the form of a pyramid of needs, according to him, there are five needs that individuals need to fulfill to be motivated and satisfied in their personal and professional life, they are the physiological needs being the base of the pyramid and the most essential, followed by needs for security, affection, esteem and self-fulfillment.

Therefore, this theory of Maslow's needs is a parameter to understand how the human being remains motivated, and to help organizations to align their processes to fulfill each employee's need for fulfillment, seeking an organizational environment focused on safety, ethics, innovation, benefits monetary, etc.

7 0

2 years ago

The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $37,000.

Allushta [10]

Answer:

June 30 Dr. Cr.

Salary Expense $14,800

Salary Payable $14,800

Explanation:

Total Weekly Salary Expense = $37,000

Number of working days in week = 5 days

Salary expense per day = $37,000 / 5

Salary expense per day = $7,400

As 3 days lie in July and year end is June 30

Number of days Accrued = 5 - 3 = 2 days

Salary Expense Accrued = 2 x $7,400

Salary Expense Accrued = $14,800

3 0

3 years ago

Lenovo, the chinese computer manufacturer, is a corporation where it is difficult to identify one country as the home country. l

baherus [9]

The answer to this question is a "Stateless Corporation". Lenovo, a known and a big time Chinese computer manufacturer that sells their product in different part of the globe is a corporation where it is difficult and hard t be identified in one country as their home country. Then this Lenovo computer company can be described and called as a stateless corporation.

7 0

3 years ago