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IRINA_888 [86]
3 years ago
12

Northern Company has bonds with an amortized cost of $600,000. At the end of the first reporting period, the bonds had a fair va

lue of $675,000. 2 days after the end of the first reporting period, the bonds have a fair value of $680,000 and Northern decides to sell the bonds. The initial investment in the bonds was $700,000 and the discount on bond account has a $100,000 balance. Northern properly classifies these bonds as trading securities. The journal entry to record the sale of the bonds includes:______.
Business
1 answer:
Paraphin [41]3 years ago
3 0

Answer and Explanation:

The journal entry for the sale of the bond is shown below:

Cash Dr $680,000

Discount on bond investment $100,000

     To Investment in bonds $700,000

    To Fair value adjustment $80,000

(Being the sale of the bond is recorded)

For recording we debited the cash and discount as it increased the assets and credited the bond investment and fair value adjustment so that proper posting could be done

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In certain economy pple save part income in financial sector and use remaining part for consumption the govt decides to increse
notsponge [240]

Answer: Savings decrease, and investment decreases

Explanation:

A tax is referred to as a levy which is imposed on the people in a particular country so that the government can generate revenue.

When there's an increase in the tax rate, it simply means that the government wants to generate more money. This will have an effect on the consumption, savings and investment of the individuals in the economy as their savings will be reduced, consumption reduces and investment reduces as well.

7 0
2 years ago
You have been given $100 to start a checking account. Considering the four P's discussed in the module, go online to research an
Anestetic [448]

Answer:

The four Ps happens to be the four significant factors that come into the vicinity when certain service or the good is being marketed with the public as the buyer. And the four Ps are product, price, promotion and the place. We need to select the bank which is nearest to us, and about which we have heard a lot and are confirmed about good service. The $100s checking account is not going to print interest for us, but we need 24 x 7 service as its a sort of current account, and we need to do the daily transaction through it. And hence the bank should provide all the time good service, and most probably 24 x 7 service. And this defines their product. Also, they should charge the least service charge, and that is the price. The bank which best fit according to above 4 p's, is the bank I will choose.

Explanation:

Please check the answer section.

6 0
2 years ago
The normal time for a repetitive task that produced two work units per cycle is 3.0 min. The plan uses a PFD allowance factor of
VLD [36.1K]

Answer:

A.- 3.45 min to produce two work units

B.- In a 8-hout shift at standard performance 274 work units are produced

Explanation:

The Standart tiem per piece would be:

StandardTime=NormalTime*(1+PFD)

Given your numbers it will be:

3 * (1 + 0.15)= 3.45

This is the time per cycle to produce 2 work units

Now, in an 8 hours shift there are 480 minutes.  Dividing between the standard time of a cycle we get the standard performance

\frac{480}{3.45} = 137.14

Rounding, we will be getting 137 cycles

Lastly, because each cycle produce 2 work units we are having a total of 274 Units

3 0
3 years ago
A manager who focuses on one part of the organization, such as production, without considering the impact on marketing or sales
oee [108]

Answer:

The manager does not understand the contingency view.

Explanation:

The manager who focuses only on one part of the business then will not understand the contingency view. Here, the contingency view refers to the behavior of the manager to lead every situation or problem in the company. Therefore, to make a decision it is required to focus on all parts of the organization. Since in the question it is given that the manager focus only on one part of the company that means he will be unable to understand every situation of the company.

3 0
3 years ago
What management function is production manager Cedric Stein using when he orders aluminum component parts (bumpers, drive trains
N76 [4]

Answer:

Purchasing

Explanation:

In the purchasing function, the company purchased the products and services from the manufacturer at a lesser cost and then sell the goods at higher prices in order to earn the profit.

When someone purchases, when the price is less and quality is best as compared with the competitors dealing in the same industry

Therefore in the  given case, Cedric Stein orders aluminum component parts that are used in the Audi card production so here the purchasing function is used

5 0
3 years ago
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