Answer:
A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet
Explanation:
The discount on Bonds payable, as their name implies, decrease the Bonds Payable carrying value. A bond with discounts, was issued at a lower price than his face value. The discount on bonds represent that difference.
It takes amortization while the time past, until at maturity, their balance is zero, to represent the reality, the obligation for the company is for the face value, so the carrying value of bonds payable should equal the face value.
Last, because the bonds are due in ten-year their place is the long-term liabilities. As their obligation are not within the 12 month period to qualify as short-term
Answer:
From maintenance to department B will be allocated 85,333 dollars
Explanation:
We distribute maintenance over personnel and operating and then,
we distributed the accumulated in personnel over the operating department:
![\left[\begin{array}{cccccc}&Maintenance&Personnel&Dep A&Deb B\\$maintenance-hours&&800&960&640\\$employes&&&160&480\\$Direct \: Cost&320,000&80,000&160,000&240,000\\$Allocate A&-320,000&106,667&128,000&85,333\\$Subtotal&&186,667&288,000&325,333\\$Allocate J&&-186,667&46,667&140,000\\$Total&&&334,667&465,333\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%26Maintenance%26Personnel%26Dep%20A%26Deb%20B%5C%5C%24maintenance-hours%26%26800%26960%26640%5C%5C%24employes%26%26%26160%26480%5C%5C%24Direct%20%5C%3A%20Cost%26320%2C000%2680%2C000%26160%2C000%26240%2C000%5C%5C%24Allocate%20A%26-320%2C000%26106%2C667%26128%2C000%2685%2C333%5C%5C%24Subtotal%26%26186%2C667%26288%2C000%26325%2C333%5C%5C%24Allocate%20J%26%26-186%2C667%2646%2C667%26140%2C000%5C%5C%24Total%26%26%26334%2C667%26465%2C333%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<em><u>For the given question it would be:</u></em>
total maintenance-hours: 800 + 960 + 640 = 2,400
<u>allocation of maintenance:</u>
320,000 x 640/2400 = 85,333
Price elasticity can be calculated using the attached formula where:
the first term represents the % change in quantity and the second term represents the % change in price
% change in quantity = (100-120) / (220/2) = -2/11 x 100 = -18.1818%
% change in price = (7-5) / (12/2) = 33.3333%
price elasticity = 18.1818/33.3333 = 0.55Note that the price elasticity is usually taken as an absolute value.
<span>Low-cost price leaders normally employ such strategies as price-matching to direct more sales to them and away from rivals. This is the used by Wal-Mart as it redirects sales to it self from rivals like Aldi, best -buy and other retailer. Amazon employs this strategy as well by asking customers to report lower prices online.</span>
Answer:
Use goal seek to answer this question. All else equals, to have a net income of 20,000, the COGS margin percentage must be <u>40%</u>, and the gross profit must be <u>$17,250</u>.
Explanation:
The income statement is missing, so I looked it up and the information given was:
- Revenue 100,000
- COGS 40,000
- Gross Profit 60,000
- Salaries
- Marketing
- Rent
- Earnings Before Tax 23,000
- Income Tax 25%
- Net Income ?
Since COGS are$40,000 and total sales are $100,000, the COGS margin percentage = 40,000 / 100,000 = 40%
Since earnings before taxes are $23,000 and taxes are 25%, then net income = $23,000 x (1 - 25%) = $23,000 x 75% = $17,250