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2 years ago

Power Company issued a $ 1,000,000, 5 %, 10-year bond payable at at face value on January 1, 2016. Requirements

Business

1 answer:

Anettt [7]2 years ago

4 0

Answer and Explanation:

The journal entries are shown below:

1. Cash Dr $1,000,000

To Bond payable $1,000,000

(Being the issuance of the bond is recorded)

For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities

2. Interest Expense Dr ($1,000,000 × 5% × 1 ÷ 2) $25,000

To Cash $25,000

(Being the interest expense is recorded)

For recording this we debited the interest expense as it increased the expense and credited the cash as it decreased the asset

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In your own words, discuss GAP management and then suggest a way to reduce the impact of its limitation. Do not duplicate limita

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Answer:

Gap management is a strategy which every business follows. A business can be successful only if it sets goals for its future.

Explanation:

Gap management is the difference between where an organization stands today and where it wants to be in future. A company's management will set its own targets and then sets position of the company. There are limitation of gap management as there can be targets which are sometimes unachievable or there are some external forces which hinders the business progress.

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3 years ago

The Coase theorem states that A) the private sector will fail to produce the efficient amount of a public good because of the fr

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Answer:

Explanation:

One of the problems in economics is the allocation of goods in the presence of externalities. When externalities are present allocation of goods in private market won't be efficient because private parties won't internalize them and would arrive to an inefficient outcome. For many years this was an argument in favor of government intervention.

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2 years ago

Owners of a local restaurant are concerned about their ability to provide quality service as they continue to grow and attract m

Artyom0805 [142]

Answer:

Zone of service

Explanation:

Zone of service is the period where there is intensive service to be rendered to customers because of the number present per hour. Since they can serve 162 customers per hour, one can estimate that they would be serving about a thousand customers per night within a six-hour period. In the zone of service, every hand would usually be on deck and the tables and chairs would be fully occupied with customers making their food and drink demands.

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3 years ago

Fixed costs remain constant at $400,000 per month. During highminusoutput months variable costs are $320,000, and during lowmi

vladimir2022 [97]

Answer:

The answer is B. $45.00 per hour; $120.00 per hour

Explanation:

highminusoutput

Fixed costs 400000/16000= $25

variable costs 320000/16000= $20

Total =$45

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Fixed costs 400000/4000 = $100

variable costs 80000/4000 = $20

Total =$120

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3 years ago

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquire

cupoosta [38]

Answer:

Total Assets $84,800

Explanation:

Calculation for Maben TOTAL ASSETS

1 Cash increased $ 32,000

2 Cash increased $ 38,000

3 Cash increased by cash revenue $ 50,000

4 Cash decreased by expenses paid ($ 46,000)

5 Cash decreased by the amount of dividend ($ 1,200)

6 Cash received from issue of stock $ 22,000

7 Cash paid to reduce liability ($10,000)

8 Does not have effect on Total Assets $ -

9 It will not be considered for accounting $ -

TOTAL ASSETS $ 84,800

Therefore the amount of total assets that Maben would report on the December 31, Year 1, balance sheet will be the amount of $84,800.

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2 years ago

Power Company issued a $ 1,000,000​, 5 %​, 10​-year bond payable at at face value on January​ 1, 2016. Requirements

Power Company issued a $ 1,000,000, 5 %, 10-year bond payable at at face value on January 1, 2016. Requirements