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schepotkina [342]
3 years ago
11

On June 1, $50,000 of treasury bonds were purchased between interest dates. The broker commission was $500. The bonds pay intere

st at 12%, which is paid semiannually on January 1 and July 1. What is the total cost to be debited to the Investment—Treasury Bonds account?
Business
1 answer:
timurjin [86]3 years ago
4 0

Answer:

$50,500

Explanation:

The investment treasury bonds account must be debited by $50,500 which includes the face value of the bonds ($50,000) and the broker's commission ($500). Investment accounts only record the purchase price of the bonds, they do not record any accrued interests.

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The answer is career fair.
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3 years ago
Read 2 more answers
Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 15,000 parts in stock
Kryger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory (parts)= 15,000 parts

Sales June= 13,600

Sales July= 10,500

Sales August= 12,700

Parts are purchased at a wholesale price of $30.

Purchasing arrangement:

60 percent on the month of the purchase.

40 percent in the following month.

Lakeside purchased 14,000 parts in May.

A) To calculate the purchase for June and July, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

June= 13,600 - 15,000= -1,400

July= 10,500 - 1,400= 9,100

B) Cash Required:

Purchase from the month

Purchase from the month before

<u>June:</u>

Purchase from the month= 0

Purchase from the month before= (14,000*30)*0.4= 168,000

<u>July:</u>

Purchase from the month= (9,100*30)*0.6= 163,800

Purchase from the month before= 0

3 0
3 years ago
The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $
VLD [36.1K]

Answer:

$76,100 net operating loss

Explanation:

The computation of the overall company net operating income (loss) is shown below:

= East sales - east Variable costs - east Traceable fixed costs  - east Allocated common corporate costs - west Allocated common corporate costs

= $550,000 - $198,000 - $169,500 - $117,500 - $141,100

= -$76,100 loss

Since the west division is eliminated so all the items would be ignored except Allocated common corporate costs

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3 years ago
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Answer:

profit.

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_____ is abroad declaration of an organization's purpose that identifies the organization's products and customers and distingui
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A mission is abroad declaration of an organization's purpose that identifies the organization's products and customers and distinguishes the organization from its competitors.

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3 years ago
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