Answer:
Compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
Explanation:
If the tables are sold now, they would cost $305000. If an additional $315000 is spent to refinish the table, the table would the be sold for $605000, that means there would be an additional revenue of $300000 ($605000 - $305000). The company are already operating at a loss as a result of improperly finishing the table. In deciding whether to rework the tables or sell them, the company should compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
Monitor, because soft copy is seen on the screen
Answer and Explanation:
The journal entries are given below:
a. Deferred revenue from gift cards $19,000,000
To sales revenue $19,000,000
(being the sales revenue is recorded)
b.
Cash $12,000,000
To deferred revenue from gift cards $12,000,000
(Being the Receipt of cash from gift cards)
These two entries are to be recorded for the given situation
The price of the new bonds given the face value and interest rate is $8,928.57.
<h3>What is the price of the bonds?</h3>
Bonds are debt instruments issued by a firm with the purpose of raising capital to carry out projects. The price of the bonds can be determined by discounting the face value of the bonds by the interest rate.
The price of the bonds = face value of the bonds / ( 1 + interest rate)
$10,000 / (1.12) = $8,928.57
To learn more about bonds, please check; brainly.com/question/8917277
Answer:
Balance of Suppliers Account is $2200 debit
Explanation:
It is important to know that the Supplies Account increases on the debit side and decreases on the credit side.
On 1 February the account was $ 3080 and this was a debit since it was an existing balance.
Purchase during the year by Bonita Industries increased the Supplies Account. A debit entry of $2640 must be recorded.
Used supplies during the year decrease the Supplies Account. A credit entry of $3520 must be made
There for the balance left $2200(3080+2640-3520) is still on the increase side (debit).Hence the answer $2200 debit is correct.
