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Elanso [62]
3 years ago
9

Pizza Pier retires its 8% bonds for $70,100 before their scheduled maturity. At the time, the bonds have a face value of $72,100

carrying value of $74,950. Record the early retirement of the bonds.
Business
1 answer:
mariarad [96]3 years ago
5 0

Answer: Please refer to Explanation

Explanation:

DR Bonds Payable ............... $ 72,100

DR Premium on Bonds Payable (74,950 - 72,100) ...... $2,850

CR Cash ...................................... $70,100

CR Gain on Discharge of Bonds ($74,950 - $70,100) $4,850

(To record retirement of premium bond before time)

If you need any clarification do comment.

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Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory
Reil [10]
The answer to this is 462
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2 years ago
Under the georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor
swat32

Under the Georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor vehicle collision, your license will be suspended for one year.

Each state has their own standard of laws and what they do as far as license suspencion. Georgia will suspend the license for one year even if another state does it for a shorter or longer period time. Keep in mind each state is different and by checking their moter vehicle websites you can find information regarding their standards of moter vehcile collisions.

8 0
3 years ago
Read 2 more answers
Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,500, and h
Jlenok [28]

Answer:

b. 9.75%

Explanation:

When a partner invests in a business, he/she expects to get return on his equity in the business. The major reason for this is to compare his/her return in the partnership business with the return he/she could get elsewhere.

The return on partner equity is calculated by dividing his/her net income from the partnership business by his/her average capital for the period.

The formula is given below:

<u> Net income       </u>  x 100

Average capital

Average capital  = <u>Opening capital balance + Closing capital balance</u>

                                                                    2

For Carter Pearson, the average capital is =<u> $55,500 + $62,500</u>

                                                                                   2

= $59,000

The return on equity will be: <u>$5,750  </u> x 100

                                                $59,000

= 9.7457

= 9.75%   - approximate to two decimal point.

5 0
3 years ago
It costs Lil Beasty Company $17 of variable costs and $3 of fixed costs to produce its product. The company currently has unused
Lynna [10]

Answer:

$2,500 Increase

Explanation:

Lil Beasty Company

Variable cost per unit ($17 + $1.50) $18.50

Income per unit ($19 – $18.50) $0.50

The total increase in net income ($.50 X 5,000 units) $2,500

Therefore we have increase $2,500 meaning If the offer is accepted with unused capacity, net income will increase by $2,500. The variable cost per unit will be $18.50 ($17 + $1.50); the income per unit is $.50 ($19 – $18.50); and the total increase in net income will be $2,500 ($.50 X 5,000 units)

3 0
2 years ago
While preparing your risk responses, you identify additional risks. What should you do? Add reserves to the project to accommoda
saw5 [17]

Answer: Document the risk and calculate the expected monetary value based on the probability and impact of the occurrences.

Explanation:

Risk response refers to the development of strategic options to reduce the threats and enhance opportunities to the objectives of the project.

It should be noted that when new risks are identified, such risks go through the process of risk management and one needs to be able to know the risk probability and risk impact and then get to curtail them.

8 0
2 years ago
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