What to do if you have a student whos bad

On January 2, 2017, a calendar-year corporation sold 5% bonds with a face value of $2500000. These bonds mature in five years, a

Oksanka [162]

Answer:

Consider the following explanation

Explanation:

Under Effective interest method, Interest calculated at the effective interest rate (i.e., the yield of the bond) is charged as an expense annually, and the payment made basis the Coupon rate.

In the given case, interest to be paid semi annually i.e, on June 30 and on December 31, will be $62,500 (i.e., 2,500,000 * 5% * 6/12).

On the basis of above, the interest expense to be charged in the 2017 can be calculated as follows: take a look to the attached archive.

As calculated above, the amount to be charged as interest expense for the year 2017 is (80,220 + 80,840 i.e.,) $ 161,060.

Download xlsx

3 0

3 years ago

Cost Flow Methods The following three identical units of Item LO3V are purchased during April: Item Beta Units Cost April 2 Purc

Lelechka [254]

Answer:

a. Gross Profit =$89, Ending Inventory = $640

b. Gross Profit =$83, Ending Inventory = $631

c. Gross Profit =$86, Ending Inventory = $634

Explanation:

FIFO

a.Gross Profit

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $314) ($314)

Gross Profit $89

b. Ending Inventory

Ending Inventory = Units Left × Earliest Price

= 2 units × $320

= $640

LIFO

a.Gross Profit

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $320) ($320)

Gross Profit $83

b. Ending Inventory

Ending Inventory : 1 unit × $314 = $314

1 unit × $317 = $317

Total = $631

Weighted Average Cost method

a.Gross Profit

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $317) ($317)

Gross Profit $86

b. Ending Inventory

Ending Inventory = Units Left × Average Price

= 2 units × $317

= $634

4 0

3 years ago

The pension plan for GL Inc. requires a contribution to the plan administrator equal to 11% of employee salaries. Salaries were

krok68 [10]

Answer:

a. credit to Cash for $63,316.

Explanation:

Given;

Pension contribution by GL Inc. percentage = 11%

Salaries for the period = $575,600

Amount to be contributed = 11% × $575,600

= $ 63,316.00

To account for this, the required journal would be

Debit Pension Expense $ 63,316.00

Credit Cash account $ 63,316.00

The right option is a. credit to Cash for $63,316.

6 0

3 years ago

Which of the following analytical techniques is designed to output the best decision?

navik [9.2K]

Answer:

Prescriptive analytics

Explanation:

Prescriptive Analytics refers to the data analytics field that specializes on determining the best approach in a situation, based on the data accessible. It is linked towards both descriptive analytics as well as predictive analytics yet highlights valuable insights rather than data analysis.

Prescriptive analytics collects information with its systems from either a range of descriptive or predictive databases and relates it to the choice-making process. It involves mixing existing conditions with alternative actions to evaluate how well the outcome would be influenced by each.

It can also assess the effects of judgment, based on various potential future situations. The discipline draws inspiration from applied mathematics, using a number of statistical techniques to construct and re-create potential judgment trends that could have different effects on an entity.

6 0

3 years ago

True or false: short-term fluctuations in real gdp are irregular and unpredictable.

raketka [301]

True!
Hope this helps!

4 0

3 years ago