Answer:
E) $12,000
Explanation:
the bonds were issued at a discount for $93,000
the face value $100,0000
coupon rate 12%
even though the bonds were sold at a discount because the coupon rate was lower than the market rate, the amount of cash paid as interest is based on the face value = $100,0000 x 12% = $12,000
the journal entry to record the sale of the bonds would be:
Dr Cash 93,000
Dr Discount on bonds payable 7,000
Cr Bonds payable 100,000
whatever method the company uses to record interest, the amount of cash paid will always be the same
Answer:
Variable cost per unit= $0.5 per inspection
Explanation:
Giving the following information:
The costs ranged from $4,400 for 1,400 inspections to $4,200 for 1,000 inspections.
<u>To calculate the variable cost under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (4,400 - 4,200) / (1,400 - 1,000)
Variable cost per unit= $0.5 per inspection
<em>Your question is incomplete. please read below to find the full content.</em>
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Blackzim Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady but might be growing.
<em />
The following statement should be considered a true statement regarding product categories:
The list of the product & services should be filtered.
The existed category or the new product category added should be prescribed.
The name in the product category should be added for purchase or sales transactions.
The following information related to the product is:
It is a tangible product that can be seen and touched i.e. computer, or furniture.
It can be an intangible product also that cannot be seen or touched i.e. goodwill, services, etc.
Therefore we can conclude that the above statements should be relevant.
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Answer: None of the above.
Explanation:
The correct answer will be "None of the above." The person who handles cash cannot issue credits to customers on sales returns. This could be because their job function does not include this process.
The person also may not account for cash receipts to customers. They can also not account for cash purposes. This could also be because these processes are not included in the persons job function or duties.
Each job function has a clear set of duties that one can perform. Each business has different jobs for people and this particular one does not allow for the person handling cash to do anything else.
