1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
assume a company uses the weighted average method in its processing costing august 1 balance 62000 and materials 310,000 consist
gayaneshka [121]

Answer:

see explanation

Explanation:

<em>Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.</em>

Step 1 : Determine the Total Materials Cost

Total Materials Cost

Opening WIP cost                                      $310,000

Costs added during the period                  $40500

Total                                                           $350,500

Step 2 : Total Equivalent units for materials

Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.

Step 3 : Unit equivalent cost for materials

Unit equivalent cost = Total Cost ÷ Total equivalent units

Step 4 : ending work in process inventory cost

Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials

6 0
3 years ago
How do developed countries maintain an advantage over
maks197457 [2]
  • Developed countries work on their industrialization more than developing countries by maintaining their industries up to date by introducing all recent techniques that help in growth.
  • They work on their ca-pita and GDP more as compared to developing countries.
  • Increase their literacy rate.
  • Make their infrastructure more and more powerful and up to date.
  • Develop more revenue by introducing new techniques and creating labs on which they research the feasibility analysis of techniques they can improve.
  • Make their standards of living more high.
  • Utilize their resources effectively and efficiently.
  • Make their birth and death rate as low as possible.
6 0
3 years ago
Describe key services that the financial system provides to savers. Question 17 options: Economies of scale of information Risk
jeka57 [31]

The answer is all of the above.

Risk sharing, liquidity, and knowledge are the three main services that the financial system offers to both savers and borrowers.

First, people seek steady returns on their holdings.

Investors often maintain a portfolio, or collection of assets, that offers generally consistent returns (diversification).

Risk is a measure of how unpredictable the return on an asset is.

Liquidity is a measure of an asset's ease of movement to be transformed into cash.

In financial markets, the information contains facts about borrowers and expectations of returns on financial assets.

Key Services of the Financial System:

  • Effective Payment System
  • Intermediary to Investors and Borrowers
  • Sharing of Economic Financial Risk
  • Diversification
  • Liquidity
  • Financial Information

Hence, key services that the financial system provides to savers include all of the above.

Learn more about financial market:

brainly.com/question/690070

#SPJ4

5 0
2 years ago
Ginger and Maryann are lost in the jungle, where the only things to eat are mangoes and fish. Ginger can gather mangoes faster t
Lyrx [107]

Answer:

C. Maryann should specialize in the activity for which she has a comparative advantage.

Explanation: Being able to produce goods by using fewer resources, at a lower opportunity cost is comparative advantage. Maryann should specialize in the activity where she has this.

5 0
3 years ago
Chang Corporation issued $6,000,000 of 9%, ten-year convertible bonds on July 1,2017 at 96.1 plus accrued interest. The bonds we
Nataly_w [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
Other questions:
  • Discuss any one computer-related security issue and one way to resolve the issue.
    13·2 answers
  • When one considers the largest manufacturing organizations in the united states, it is clear that they all have one thing in com
    8·1 answer
  • Nick, a skilled welder, had been working for 12 years in a factory that recently closed. This has caused high unemployment in hi
    14·1 answer
  • A production department's output for the most recent month consisted of 18,000 units completed and transferred to the next stage
    15·1 answer
  • According to hagan and his associates, within the paternalistic home, mothers are expected to control the behavior of their sons
    15·1 answer
  • On January 1, 2012, Coronado Industries purchased for $762000, equipment having a useful life of ten years and an estimated salv
    15·2 answers
  • The following table shows the approximate value of exports and imports for the United States from 1997 through 2001.
    12·1 answer
  • A company paid $0.85 in cash dividends per share. Its earnings per share is $3.50, and its market price per share is $35.50. Its
    7·1 answer
  • At the end of 2008, how many businesses were operating in the United States?
    15·1 answer
  • How do you think the benefits will help the firm before they<br> engage in I.M?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!