Net sales is computed by? taking:

On September 1, 2020, Windsor Company sold at 104 (plus accrued interest) 3,840 of its 8%, 10-year, $1,000 face value, nonconver

Rzqust [24]

Answer:

total sales value = 3,840 x $1,000 = $3,840,000 x 1.04 = $3,993,600

since each bond carried 2 detachable stock warrants, we must include in the bond issuance the value of the stock warrants = 3,840 bonds x 2 warrants x $2 per warrant = $15,360

the premium on bonds payable = total cash received - bonds payable - stock warrants = $3,993,600 - $3,840,000 - $15,360 = $138,240

the journal entry for recording the bond issuance:

September 1, 2020, 3,840 8% bonds issued

Dr Cash 3,993,600

Cr Bonds payable 3,840,000

Cr Premium on bonds payable 138,240

Cr Additional paid in capital - warrants 15,360

5 0

3 years ago

What is the purpose of the sherman antitrust act

tamaranim1 [39]

To destory monopolies that were using their power to harm society.

7 0

3 years ago

Read 2 more answers

A company has a discount on a forward contract for an asset. How is the discount recognized over the life of the contract?

exis [7]

Answer: It is charged to accumulated other comprehensive income.

Explanation:

The discount is recognized over the life of the contract when it is charged to accumulate other comprehensive income.

5 0

3 years ago

In a small manufacturing facility, one welder is needed for every 200 hours of machine-hours or fewer in a month. The welder is

Lerok [7]

Answer:

$16250

Explanation:

For every 200 hours of needed work, $2500 must be paid. We divide the amount of hours needed for 200 to obtain the amount of times that $2500 are paid. Multiplying this number by $2500 we obtain the total expense gor salaried employees.

$frac{{1300}{200}}x2500$

6 0

3 years ago

The __________ is an integrated set of actions taken to produce goods or services (at an acceptable cost) that customers perceiv

PIT_PIT [208]

Answer:

Differentiation strategy

Explanation:

This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.

7 0

3 years ago