The _________ price of an item is the promotional price of merchandise after a markdown.

On October 1, 2017 Bartley Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 103. Interest is paid on Octo

loris [4]

Answer and Explanation:

The journal entry to record the issuance of the bonds is shown below:

Cash Dr ($8,000,000 × 1.03) $8,240,000

To Bond payable $8,000,000

To Premium on bond payable $240,000

(Being issuance of the bond is recorded)

Here cash is debited as it increased the asset and credited the bond payable and the premium on bond payable as it increased the liabilities

Hence, the same is to be considered

6 0

3 years ago

Name 2 images you can use for presentations

Evgen [1.6K]

Clipart, and cropped are examples of two images

8 0

3 years ago

After years of research had been conducted at significant cost, Blanco Chemical Company determined a fertilizer they had been de

vodka [1.7K]

Answer:

as a "Deferred Development Cost" on the Balance Sheet.

Explanation:

IAS 38.57 QUOTED

"Development costs are capitalised only after technical and commercial feasibility of the asset for sale or use have been established. This means that the entity must intend and be able to complete the intangible asset and either use it or sell it and be able to demonstrate how the asset will generate future economic benefits"

The cost is measured (500,000) has the intention and resources to complete the asset and is possible to bring into production so it is possible to capitalize it

5 0

4 years ago

Read 2 more answers

Walmart, Costco, and Southwest Airlines serve customers who want reliable, good-quality products or services that are also reaso

maks197457 [2]

Answer:

A) operational excellence

Explanation:

Operational excellence is a business strategy that consists in the constant improvement of all aspects of the organization in order to maintain high standars in every possible way. The idea is to be better than the competition in the long-term.

Walmart, Costco, and Southwest Airlines are engaging in operational excellence when they manage to offer products and services that have reasonable price, while being reliable and high-quality at the same time. The combination of low price, and high quality, is very hard to achieve, and it's a sign that a company is following operational excellence.

6 0

4 years ago

operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented be

earnstyle [38]

Answer and Explanation:

The formulas and calculations are shown below:

1. Current ratio = Total Current assets ÷ total current liabilities

= $4,120 ÷ $2,030

= 2.03 times

2. Account receivable turnover

= Net credit sales ÷ Average accounts receivable

where,

Net credit sales is $8,258 million

And, the Average accounts receivable would be

= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2

= ($1,880 + $1,950) ÷ 2

= $1,915

So, the accounts receivable turnover ratio would be

= $8,258 ÷ $1,915

= 4.3 times

3. Average collection period is

= Total number of days in a year ÷ account receivable turnover ratio

= 365 days ÷ 4.31 times

= 84.6 days

4. Inventory turnover ratio =

= Cost of goods sold ÷ average inventory

where,

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

= ($860 + $810) ÷ 2

= $835 million

And, the cost of good sold is $5,328 million

Now put these values to the above formula

So, the answer would be equal to

= $5,328 million ÷ $835 million

= 6.4 times

5. Days in inventory

= Total number of days in a year ÷ inventory turnover ratio

= 365 days ÷ 6.38 times

= 57.2 days

5 0

3 years ago