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Darina [25.2K]
3 years ago
6

Bonds Payable has a balance of $1,000,000, and Discount on Bonds Payable has a balance of $12,500. If the issuing corporation re

deems the bonds at 99, what is the amount of gain or loss on redemption? a.$22,500 gain b.$2,500 loss c.$2,500 gain d.$22,500 loss
Business
1 answer:
NikAS [45]3 years ago
7 0

Answer:

The correct answer is B,  a loss of $2500

Explanation:

In calculating whether a loss or gain is recorded upon redemption of the bond ,it is very pertinent to compare proceeds payable to bondholders through redemption and the book value of the bond

Proceeds                                            $1000000*$99/$100=$990,000

Carrying value                                     ($1000000-$12500)=$987500

Loss on redemption                                                                  $2500

This means that amount paid to bondholders is more than the amount realized when bond was sold initially.

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What is one reason that a hotel owner might consider hiring a hotel management company?
Allushta [10]

Improved hotel management effectiveness is one reason that a hotel owner might consider hiring a hotel management company.

      What function does a hotel management business serve?

  • The management firm oversees the hotel operations and makes sure they are profitable.
  • They are in charge of every aspect of the business, from hiring and training employees to procuring supplies, cleaning rooms, renting out meeting space, and entertaining visitors.
  • The General Manager is accountable to both the hotel management business AND the original owner who engaged the hotel management firm.
  • The general manager's job is to manage the hotel in a way that generates income for the owner.
  • To be clear, the hotel owner could be a person, a business, or a trust fund or real estate. These will change based on the market and the kind of hotel.

To learn more about  hotel management visit:brainly.com/question/10979252

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6 0
1 year ago
Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materi
Marizza181 [45]
Total manufacturing costs=direct material+direct labor+manufacturing overhead

Calculate direct labor
Let direct labor be x
120%=1.2
1.2x=180000
Divide both sides by 1.2
X=180,000÷1.2
X=150,000 direct labor

Total manufacturing costs=
120,000+150,000+180,000
=450,000...answer

Hope it helps!
5 0
3 years ago
Opal Corporation, an accrual method, calendar year C corporation, was formed and began operations on July 1, 2019. The following
IceJOKER [234]

Answer:

The correct answer to the following question will be "$5427".

Explanation:

The given expenditures are:

Temporary director's as well as organisational meetings expenditures = $8000

Fee payable to either the incorporation province  = $2000

Incident accountants for organisation  = $3500

Legal resources and by-laws for writing the company charter = $4300

So that total qualifying expenses will be :

⇒  $17,800

Now,

Deduction regarding section 248 election:

Immediate expensing = $5000

Amortization = \frac{(total \ qualifying \ expenses-immediating \ expensing )}{180\times 6}

On putting the values in the above formula, we get

⇒                   = \frac{(17800-5000)}{180\times 6}

⇒                   = $427

Hence the deduction on election regarding section 248 = $5,427

5 0
3 years ago
A company must be concerned about the creation of communication harmony. Nike uses the slogan "Just Do It." Consumers see this b
REY [17]

Answer:

Integrated marketing communications.

Explanation:

Integrated marketing communication is a technique used by companies to create a linked form of communications and messages. Talking in simple terms, integrated marketing communications help firms to integrate their all promotional tools and ensure that all tools work in harmony with each other.

Nike is an example of a company using the technique of integrated marketing communications.

By using the slogan 'Just do it' in all of their promotional tools, the company is ensuring harmony in all of its tools.

Therefore, integrated marketing communications is the correct answer.

8 0
3 years ago
Quality Bike Maps has produced four map designs for the local area. A limited amount of time (in minutes) is allocated to the pr
stich3 [128]

Answer:

since 1 <= allowable increase

optimal solution won't change

hence

1500 * 1 + 1000*1 + 1000*2 + 2833.33* 3

=  13000

Note: Complete question is added in the attachment

8 0
3 years ago
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