Answer:
Given that,
Flounder Inc. issued convertible bonds = $2,840,000 par value
Interest rate = 7%
Sold for cash = $97
If the bonds had not included the conversion feature, then
Sold for = $95
Therefore, the journal entry is as follows:
Cash A/c ($2,840,000 * 0.97) Dr. $2,754,800
Discount on issue of Bond A/c Dr. $85,200
To 7% Convertible Bonds payable $2,840,000
Answer:
bundling a slow mover with a fast moving product.
Explanation:
One of the most effective ways in which a manufacturer or a retail store can get rid of slow movers (products with low sales level) is by bundling them with some fast moving product (products with high sales level). Usually slow movers are added as a promotion with a steep discount, but it is better to recoup some money than nothing.
When manufacturers bundle slow movers with a fast moving product they do this because the retailers need the fast moving product (high demand) or their sales will decrease. Video game retailers really want the games about the Survivor show and they will probably be willing to buy a small amount of no good War of the Worlds game in order to get them. They might also use the same sales strategy and bundle the War of the Worlds game with some other slow mover game and make a 2 for 1 sale.
Segregation requires the things listed above. Segregation means the separation of races.
Answer:
Variable cost= $1,920,000
Explanation:
Giving the following information:
Sales= $3,000,000
Contribution margin ratio= 0.36
<u>The contribution margin ratio is the dollar remaining after deducting from sales of the variable component.</u> In 1 dollar, the contribution margin is $0.36.
<u>In this case:</u>
Variable cost= sales*(1-Contribution margin ratio)
Variable cost= 3,000,000*0.64
Variable cost= $1,920,000
Answer:
there is a low chance of reservice
Explanation:
