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4 years ago

Making a minimum payment:

1 answer:

5 0

Making the total minimum payment each month means you avoid a late payment fee and ensures you can keep using your card. This is the defenition of making a minimum payment so I would go with answer A

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Farmland Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was

Stells [14]

Answer:

Please see journal entries below

Explanation:

The entries below are made in the books of Farmland Corporation, the issuer of the bond.

Upon redemption, journal entries would be as follows.

Debit: Bond Account $396,000 (cash paid to bond investors)

Credit: Cash/Bank Account $396,000 (cash paid to bond investors)

Debit: Profit/Loss Account $8,000 (premium paid over carrying value of bond, calculated below: )

Credit: Bond Account $8,000 (premium paid over carrying value)

Premium over carrying value is calculated as follows:

Redemption value - carrying value

= $(\frac{redemption price}{carrying price} *face value) - carrying value$

= $(\frac{99}{100} *$400,000) - $388,000$

= $396,000 - $388,000

= $8,000

3 0

4 years ago

The Brookstone Company produces 9 volt batteries and AAA batteries. The Brookstone Company uses a plantwide rate to apply overhe

Rzqust [24]

Answer:

Over applied Overhead =$ 42,500

Explanation:

Actual Overhead $325,000

Estimated Overhead $350,000

Over applied overhead is when the Predetermined overhead is more than the actual overhead . Under applied overhead is when the Predetermined overhead is less than the actual overhead .

Predetermined Overhead rate= Overhead / total direct labor hours

= 350,000/ 500,000 (100)= 70%

Applied Overhead = Predetermined Overhead rate( actual direct labor hours)

= 70 % (525,000) = $367,500

Applied Overhead $367,500

Less Actual Overhead $325,000

Over applied Overhead =$ 42,500

5 0

3 years ago

Use the following information to compute profit margin for each separate company a through e. (Round your answers to 1 decimal p

irina1246 [14]

Answer:

the Company C is the most profitable

Explanation:

The computation of the profit margin for the following companies is

We know that

Profit margin = Net income ÷ Net sales

Now

Company Net income Net sales Profit margin

a $5,253 $44,140 11.9%

b $86,033 $392,846 21.9%

c $90,324 $251,598 35.9%

d $63,120 $1,434,550 4.4%

e $72,787 $428,158 17.0%

Based on the calculation above, the Company C is the most profitable

7 0

3 years ago

WexAll Industries has seen demand for its RB37 start to slow down. In addition, the number of other companies producing a simila

White raven [17]

Answer:

The RB37 is most likely in the decline stage of the product life cycle

Explanation:

The decline stage of the product life cycle is associated with decreasing revenue due to market saturation, high competition, and changing customer needs. Companies at this stage have several options: They can choose to discontinue the product, sell the manufacturing rights to another business that can better compete or maintain the product by adding new features, finding new uses for the product, or tap into new markets through exporting. This is the stage where packaging will often announce “new and improved.”

7 0

3 years ago

Suppose you are the owner of a picture frame store and you wish to calculate how many pictures you must sell to cover your fixed

Hunter-Best [27]

Based on the selling price of the picture frames and the unit variable costs, the break-even point is 400 picture frames.

<h3>What is the breakeven point?</h3>

This can be found by the formula:

= Fixed costs / (Selling price - Variable costs)

Solving gives:

= 32,000 / (120 - 40)

= 32,000 / 80

= 400 picture frames

Find out more on breakeven point at brainly.com/question/21137380.

#SPJ12

3 0

2 years ago