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
Sati [7]
3 years ago
12

On February 1, 2017, Pat Weaver Inc. (PWI) issued 10%, $1,000,000 bonds for $1,116,000. PWI retired all of these bonds on Januar

y 1, 2018, at 102 for total proceeds of $1,020,000. Unamortized bond premium on that date was $92,800. How much gain or loss should be recognized on this bond retirement
Business
1 answer:
Vlad [161]3 years ago
7 0

Answer:

$72,800

Explanation:

Book value:

= Value of bonds + Unamortized bond premium

= $1,000,000 + $92,800

= $1,092,800

Paid at redemption:

= 102% of value of bonds

= 102% × $1,000,000

= $1,020,000

Gain on bond retirement:

= Book value -  Paid at redemption

= $1,092,800 - $1,020,000

= $72,800

Therefore, gain should be recognized on this bond retirement will be $72,800.

You might be interested in
The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice q
AnnZ [28]

The goals of labor are such that they want better pay and working conditions.

<h3>The ultimate goal of workers/labor</h3>

A business is in operation to make a profit, likewise, labor or workers work to the end of being paid for the services rendered.

In addition to good pay, labor also requires good perks like health cover, safe and secure work conditions, and the environment.

Learn more about Labour here:

brainly.com/question/98074

#SPJ1

8 0
2 years ago
Business writing must be clear and specific instead of vague, pretentious, or
iren2701 [21]
D unfamiliar c c c c cc’s
6 0
2 years ago
after completing a client's transaction you take the opportunity to point out that she may benefit from the product or service .
xenn [34]

The correct answer is; Offer the customer some literature about the product to take with them.

Further Explanation:

If the customer is already using a product that your bank is offering, you can give them some literature such as pamphlets explaining your banks product. It will depend on your banks policy on giving out information to non-customers.

The information that you give the possible customer should include prices and any perks that they may receive for changing banks. In addition to giving the person literature, you can offer to explain your product in more details and the reasons why they should change banks.

Learn more about banking at brainly.com/question/9608829

#LearnwithBrainly

7 0
3 years ago
Diana owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l
elena-14-01-66 [18.8K]

Answer:

competitor-oriented pricing

Explanation:

competitor-oriented pricing is a technique for valuing in which a producer's value is resolved more by the cost of a comparable item sold by an incredible contender than by contemplation of purchaser request and cost of generation; likewise alluded to as Competition-Based Pricing.  

For instance: a firm needs to value another espresso producer. The company's rivals sell it at $25, and the organization thinks about that the best cost for the new espresso producer is $25. It chooses to set this very cost without anyone else item.

3 0
3 years ago
The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account
a_sh-v [17]

Answer:

See below

Explanation:

Assets =

Liabilities + Stockholder's equity

Accounts receivables $34,000(+)

Revenue $34,000(+)

Cash $26,000(+)

Accounts receivables $26,000(-)

Bike equipment $19,000(+) Notes payable $19,000(+)

Cash $3,400(-)

Retained earnings $3,400(-)

The first transaction increases asset(account receivable) by $34,000 while revenue(stockholder's equity) increased by the same amount

The cash receipt of $26,000 increases assets cash by $26,000 and decreases an asset , account receivable by the same amount

The purchase of an asset by note payable increases asset, bike equipment by $19,000 while liabilities note payable also increases by $19,000

The payment of utilities for $3,400 decreases asset cash by $3,400 while stockholder's equity retained earnings decreases by same amount.

7 0
3 years ago
Other questions:
  • When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable?
    13·1 answer
  • A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for fo
    13·1 answer
  • A break-even analysis ________.
    8·1 answer
  • The principle of exceptions allows managers to focus on correcting variances between________.
    9·1 answer
  • Your friend Michelle is starting a fitness center that specializes in helping people get in shape through exercise and eating he
    15·1 answer
  • Kinsi Corporation manufactures three different products. All five of these products must pass through a stamping machine in its
    11·1 answer
  • Select the items the describe possible problems with being unemployed and not earning income.
    10·1 answer
  • A company had no office supplies available at the beginning of the year. During the year, the company
    14·1 answer
  • A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site an
    7·1 answer
  • Assume that you will be opening a savings account today by depositing $100,000. The savings account pays 5 percent compound annu
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!