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m_a_m_a [10]
3 years ago
8

On 1/1/X1, Dolan Corp. pays $100,000 to retire its bonds early. At the time of the retirement, the bonds have a face value of $1

04,000 and a carrying value of $98,000. Question:______
What should be the amount of gain or loss, if any, the company will record as a result of the early retirement?
Business
1 answer:
galben [10]3 years ago
6 0

Answer:

2,000 loss on redemption

Explanation:

the company will recognzie considering the current value of the bonds, thus the carrying value:

as the face value is lower than carrying value there is a discoutn for the difference: 104,000 - 98,000 = 6,000

When we compare the cash outlay with the carrying value we sovle for the redemption result:

98,000 bonds are paid at 100,000 therefore 2,000 loss

bonds payable         104,000 debit

loss on redemption     2,000 debit

         discount on BP              6,000 credit

          cash                           100,000 credit

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Masja [62]
Body Language is communicate by movement or position, particularly facial expressions, gestures and the relative positions of a speaker and listener.
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3 years ago
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How would you array the following organizations in terms of the depth and breadth of their product lines?
Evgen [1.6K]

Answer:

a. The depth of a solo practice family practitioner is narrow whereas its breadth can be wide.

b. They have wide depth and breadth.

c. It has narrow depth and breadth.

d. They have narrow depth and narrow breadth.

Explanation:

Depth means number of variants of each product. Breadth means variety of different products offered.

A solo practice family practitioner has limited its practice and decided not to deliver babies. It has narrow breadth whereas depth is high as it can offer counselling service, immediate help to the patient, family planning guidance and so on.

Multi specialty group has wide depth and breadth as it offers group practice at different locations.

An academic medical center will have narrow depth and breadth as there is only medical studies available to the students and they do not have variety of subjects to choose from.

Shouldice Hospital has narrow depth and breadth as it offers only short stay surgeries. They include hernia repair and appendix. Patients with majors surgeries are not welcomed here.

5 0
3 years ago
The term for a rise in prices of general consumer goods is
skad [1K]
C. Inflation

If you require clarification on why, feel free to comment! 

3 0
3 years ago
He kelly family and the stewart family each used their sprinklers last summer. the water output rate for the kelly family's spri
tigry1 [53]
This problem is actually under the subject of Mathematics, particularly, Algebra. For work problems, you can use a convenient technique of dimensional analysis. This is done by multiplying units of measurement, then cancelling out like terms in order to come up with the units of the final answer. For this problem, the total amount of liters is 2,100. So, the equation would be

Volume of Kelly's family + Volume of Stewart's family = 2,100

However, we are only given the rates for each family in liters per hour. To come up with the final answer with a unit of measurement in Liters, we must multiple the rate of L/hour with the individual time. Let x be the time Kelly's sprinkler was used, and y for Stewart's family.

(20 L/h)(x hours) + (40 L/h)(y hours) = 2,100

This is the first equation. The second equation is the total time. 

x + y = 65 hours

Rearranging the equation, y = 65 - x. Let's substitute this to the first equation.

20x + 40(65-x) = 2,100

Solving for x, then substituting it to the second equation to obtain y,

x = 25 hours
25 + y = 65
y = 40 hours.

Thus, Kelly's sprinkler was used for 25 hours, while Stewart's sprinkler was used for 40 hours.
8 0
4 years ago
Which of the following must be true in order for materials to be classified as direct materials? a.They must be an integral part
zaharov [31]

Answer:

a.They must be an integral part of the finished product and be a significant portion of the total product cost

Explanation:

The direct material is the material cost which is directly related to the process of the product at the time of manufacturing the product

It can be an integral part of the finished goods as finished goods are come from direct materials and the work in process cycles.

Moreover, it also included in the total product cost along with the direct labor cost and the manufacturing overhead cost

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