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
On the worksheet, the Service Revenue account has a credit balance of $20,000 on the Unadjusted Trial Balance. In the Adjustment
Vesnalui [34]

Answer:

$22,000

Explanation:

Data provided

Credit balance = $20,000

Credit amount = $2,000

The computation of the amount for Service Revenue in the Adjusted Trial Balance is shown below:-

The Amount for service revenue = Credit balance + Credit amount

= $20,000 + $2,000

= $22,000

Therefore we have applied the above formula for determining the Amount for service revenue.

6 0
2 years ago
Central Park Inc. is a company that sells women's clothing. It recently shut down its physical store and is operating as an app-
love history [14]

Answer:

M-commerce

Explanation:

Since in the given situation it is mentioned that Central Park Inc sells the women clothing and currently they shut down the physical store and they are operated now through app based. With this feature, anyone could access anywhere via using the mobile phones also at the same time the customer compared the prices

So this situation represent the mobile commerce or M -commerce as the people can access this from anywhere at any time, it is easy to use also it save the cost and time

7 0
3 years ago
Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three
Verizon [17]

Answer:

Total sales is $1,777,000

Explanation:

                                  April            May              June                       Total

cash sales                $115,000   $77,000         $140,000             $332,000  

sales on account     $455,000  $500,000      $490,000        $1,445,000

Total sales                 $570,000 $577,000      $630.000        $1,777 ,000

Above is the sales analysis for the three months April to June,the total sales in the quarter is $1,777,000 which comprises of both cash sales and credit sales in all of the three months.

Sales does not be cash,as sales is to recognized when the entity making the sale has performed its obligation of delivering the goods to the customers or delivered on  an agreed service.

 

4 0
3 years ago
Olive Branch Inc. had 400,000 shares of common stock issued and outstanding at December 31, 2016. On July 1, 2017 an additional
klasskru [66]

Answer:

$512,000

Explanation:

The computation of Number of Share included for computing diluted earning per share is shown below:-

For computing the Number of Share included for computing diluted earning per share we need to find out the issued shares and Stock option which is given below

Issued Shares = 200,000 × 6 ÷ 12 (From July to December)

= $100,000

Stock option = 60,000 - (60,000 × $28 ÷ $35)

= $12,000

So, Total stock outstanding = Shares at Beginning + Issued Shares + Stock option

= 400,000 + $100,000 + $12,000

= $512,000

3 0
2 years ago
Chris has a job as a sales representative for a pharmaceutical company. The company offers both quarterly and annual bonuses bas
earnstyle [38]

Answer:

c. remuneration of personnel

Explanation:

Henri Fayol developed the fourteen principles of management.

One of the fourteen principles being, Remuneration of personnel.

Fayol was of the opinion that in order to extract the best performance from employees, appropriate remuneration system must exist in an organization.

This meant emphasizing on employee satisfaction by following fair remuneration practices coupled with adequate incentive system which rewards good performance.

In the given case, the pharmaceutical company offers performance based incentives in the form of quarterly as well as annual bonuses in addition to an existing profit-sharing plan for employees. This is an example of Fayol's principle of Remuneration of personnel.  

8 0
3 years ago
Other questions:
  • In economics, workers are both producers and which of the following?
    8·1 answer
  • g Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposi
    7·1 answer
  • Emma owns a flower shop in tampa. she pays $3,091 per month to lease her building, $2,208 in wages, $1,887 for flowers and other
    14·1 answer
  • A pharmacy (due to increased competition from a neighboring supermarket) has now added an exclusive line of cosmetics, and has e
    14·1 answer
  • Dan is excited to start marketing and selling his new indoor practice hockey tarps and would like to start today. He already has
    10·1 answer
  • Plastic and steel are substitutes in the production of body panels for certain automobiles. If the price of plastic increases, w
    7·1 answer
  • Prior to the financial meltdown, bond ratings agencies were accused of having _____ because they were paid by the organizations
    12·1 answer
  • Business Rental Corporation (BRC) and Cartage Trucking Companyenter into a contract for a lease of ten hydraulic lifts. Under th
    7·1 answer
  • WILL GIVE BRAINLY!!!!!!!!!!
    13·1 answer
  • Tip Top Corp. produces a product that requires 14 standard gallons per unit. The standard price is $6.00 per gallon. If 3,500 un
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!