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egoroff_w [7]
3 years ago
13

When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2

026, and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a (debit/credit) to Cash in the amount of $ .
Business
1 answer:
Shkiper50 [21]3 years ago
8 0

Answer:

Credit, $60,000

Explanation:

Given,

Market rate = 10%

Face value $60,000 = Principal value.

When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.

Therefore,

Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.

It is credit because it is matured on the date of cash payment.

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During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows:
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The unit product cost under variable costing is computed as follows:

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Variable manufacturing overhead           1

Variable costing unit product cost      $12

With this figure, the variable costing income statements can be prepared:

                                                                  Year 1                          Year 2

Unit sales                                                40,000 units             50,000 units            

Sales                                                       $1,000,000               $1,250,000

Variable expenses:

The variable cost of goods sold

($12 per unit)                                        480,000                   600,000

Variable selling and administrative

expenses ( $2 per unit)                        80,000                    100,000

Total variable expenses                         560,000                   700,000

 

Contribution margin                               440,000                     550,000

 

Fixed expenses:

 Fixed manufacturing overhead            270,000                    270,000

Fixed selling and administrative             130,000                     130,000

expenses

Total fixed expenses                               400,000                    400,000

Net operating income                            $40,000                     $150,000.

An annual record is a record that public organizations must provide annually to shareholders that describes their operations and economic situations. a report that gives unique information approximately what a corporation has completed and how successful it has been.

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7 0
1 year ago
The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment incl
Kisachek [45]

Answer:

Time Warner, Inc.

a.

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Segment Revenues

(in millions)                  $21,700            $22,200         $80,600      $124,500

Variable costs                 4,774                10,434           25,792           41,000

Contribution margin  $16,926               $11,766        $54,808        $83,500

Contribution ratio     78% (100 - 22)    53% (100 -47) 68% (100 -32)   67%

b. Certainly, Turnover and Warner Bros. are more profitable businesses than Home Box Office in terms of total contribution margin (dollars) and contribution margin ratio.

Explanation:

a) Data and Calculations:

Segment Revenues

(in millions)

Turner (cable networks and digital media) $21,700

Home Box Office (pay television) 22,200

Warner Bros. (films, television, and videos) 80,600

Assume that the variable costs as a percent of sales for each segment are as follows:

Turner 22%

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b) The contribution margin ratio for the three segments can easily be determined by subtracting the variable costs percentages from 100 for each segment instead of doing more computations (Contribution margin/Sales Revenue * 100).  But the results are the same for either method.

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What term is used to describe spread-out or low-density development beyond the edge of services and employment
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Answer:

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Factors that lead to sprawl are population and income growth, low cost of living , road network , unlimited use of auto, etc.

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Answer:

d. Constraint

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3 0
3 years ago
U.S. cola companies entered the global market because of:
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Answer:

C. limited growth opportunities in their domestic market.

Explanation:

U.S. cola companies entered the global market because of limited growth opportunities in their domestic market.

6 0
3 years ago
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