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elena55 [62]
3 years ago
13

On July 1, 2018, an interest payment date, $148000 of Bramble Corp. bonds were converted into 2930 shares of Bramble Corp. commo

n stock each having a par value of $45 and a market value of $52. There is $6900 unamortized discount on the bonds. Using the book value method, Bramble would record
Business
1 answer:
Mademuasel [1]3 years ago
4 0

Answer:

There will be a $9,250 increase in paid-in capital in excess of par

Explanation:

Given:

Face value of bonds =$148,000

Unamortized Discount = $6,900

Common stock shares in conversion = $45/value share

Therefore, computed increase to be paid-in capital in excess of par will be given as (Bramble's record):

Book Value of Bonds = (Face Value of Bonds, $148,000) - (Unamortized Discount, $6900) = $141,100;

(Book Value of Bonds, $141,100) - (Value Assigned to Common Stock, $131,850(2930 Common Stock Shares in Conversion x $45 par value per share)) =

=$9,250 increase to Paid-In Capital in Excess of Par.

Note: value assigned to common stock = 2939 * 45 =131850

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An airline has a marginal cost per passenger of $20 on a route from Minneapolis to Dallas. At the same time, the typical fare ch
luda_lava [24]

Answer:

The fixed costs are too high. The marginal cost generally represents variable costs and they might be very low, but if the fixed costs are simply too high, they will need to increase the price of the plane tickets in order to break even. The break even formula is calculated by dividing total fixed costs by marginal revenue (selling price - variable costs).

3 0
3 years ago
The comparative balance sheets and income statement for Bingky Barnes Inc. are as follows:
MatroZZZ [7]

Answer:

Bingky Barnes Inc.

Statement of Cash Flows for the year ended December 31, Current Year

(using the indirect method)

Operating activities:

Net income                          $11,900

Add non-cash expenses:

Depreciation                          5,400

Adjusted operating            $17,300

Changes in working capital:

Accounts receivable            -3,800

Merchandise inventory       -3,700

Accounts payable               +8,800

Accrued wages expense       -400

Net operating cash flow   $18,200

Investing activities:

Property & equipment   -$20,700

Financing activities:

Note payable, long-term    -6,300

Common stock and

additional paid-in capital +16,700

Net cash from financing  $10,400

Net cash flows                   $7,900

Explanation:

a) Data and Calculations:

Comparative balance sheets and income statement

                                                   Current Year     Prior Year    Change

Balance sheet at December 31

Cash                                                  $37,300       $29,400       +7,900

Accounts receivable                          32,700          28,900       +3,800

Merchandise inventory                     42,000          38,300        +3,700

Property and equipment                  121,500        100,800      +20,700

Less: Accumulated depreciation    (30,700)        (25,300)

Total assets                                 $202,800        $172,100

Accounts payable                          $36,700        $27,900        +8,800

Accrued wages expense                   1,400             1,800            -400

Note payable, long-term                 44,500         50,800         -6,300

Common stock and

 additional paid-in capital              89,600         72,900       +16,700

Retained earnings                          30,600          18,700      

Total liabilities and equity         $202,800      $172,100

Income statement for current year

Sales                                         $123,000

Cost of goods sold                      73,000

Other expenses                           38,100

Net income                                 $11,900

Additional Data:

a. Equipment bought for cash, $20,700

b. Long-term notes payable was paid off for $4,800?

c. Issued new shares of stock for $16,400 cash.

d. No dividends were declared or paid.

e. Other expenses:

Depreciation, $5,400

Wages            20,100

Taxes,               6,100

Other,              6,500

f. Assume that expenses were fully paid in cash, when there are no liabilities account related to them. For example, tax expenses are paid in cash since there is no taxes payable.

Wages Payable

Beginning balance             $1,800

Wages expense $20,100

Ending balance      1,400

Cash paid                           19,700

7 0
3 years ago
Which of the following is a trait shared by most successful entrepreneurs? They quit when things get too confused. They can get
DENIUS [597]

Answer:

THEY CAN GET ALONG WITH MOST PEOPLE.

Explanation:

To be a successful entrepreneurs, there are some traits one has to emulate or have. Some of these traits are: passion, strong work ethic, strong people skills, determination, creativity, competitiveness, self starter, open minded, confidence, discipline.

Successful entrepreneurs are not quitters, they don't quit when things get too confusing, they look for solutions instead.

Successful entrepreneurs take responsibility because they are responsible and in control of their actions.

Successful entrepreneurs don't wait till they have to be pushed, they push themselves with hardwork and determination because if they don't, no one else will push them.

A successful entrepreneur is someone who has excellent communication skills (for selling products to customers and for motivating employees) for effectively communicating their mission and advice to others.

Therefore, the trait shared by most entrepreneurs is THEY CAN GET ALONG WITH MOST PEOPLE.

8 0
3 years ago
Identify the like terms.
Sedaia [141]

Answer:

Explanation:

7

+

5

−

9

+

2

−

1

2

7y+5x-9+2y-12x

7y+5x−9+2y−12x

Simplify

1

Combine like terms

7

+

5

−

9

+

2

−

1

2

{\color{#c92786}{7y}}+5x-9+{\color{#c92786}{2y}}-12x

7y+5x−9+2y−12x

9

+

5

−

9

−

1

2

{\color{#c92786}{9y}}+5x-9-12x

9y+5x−9−12x

2

Combine like terms

3

Rearrange terms

Solution

−

7

+

9

−

9

5 0
2 years ago
In the purchase stage of the consumer journey, research indicates that ________ activities shorten the time consumers take to ad
SIZIF [17.4K]

Answer:

The correct word for the blank space is:  Direct Marketing.

Explanation:

Direct marketing is a form of advertising in which materials are sent directly to consumers eliminating the middlemen from the promotion process. Direct marketing includes catalogs, mailers, e-mails, and flyers. They do not involve advertisements placed on television, radio or the internet. Direct customers allow consumers to take faster decisions than with other types of advertisement.

6 0
3 years ago
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