Which of the following construction documents in the correct sequence from MOST important to LEAST important on a job site.

When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an in

Serhud [2]

Answer:

make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.

Explanation:

Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.

In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.

The amount accrued since last interest payment date is calculated.

This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.

5 0

3 years ago

g Messersmith Company is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Messersmit

Pachacha [2.7K]

Answer:

Weighted average accumulated expenditures were

$ 3,600,000

Explanation:

The Weighted average accumulated expenditures are calculated considering the payments made to the contructing company weighted by the time that the constructing company hold the money divided by the period of contruction.

Please see the details below:

Payment Date Expenditure Cap Period Weight Weighted Exp

07/01/2020 $3,000,000 6 (12-6) 0,50 $1,500,000

09/01/2020 $6,300,000 4 (12-8) 0,33 $2,100,000

12/31/2020 $6,000,000 0 - 0- 0-

TOTAL $15,300,000 $3,600,000

Capitalization Period: Example: 12 Months - 6 Months transcurred.

12/31/2020 - ending of contruction

07/01/2020 - The moment went the payment was made, 6 months since the beginning of the construction.

4 0

3 years ago

Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6 comma 500 units during the year. The company

Ivanshal [37]

Answer:

The operating income for the year is $190,000

Explanation:

The Computation of the operating income is shown below:

= Sales revenue - cost of good sold - Selling and Administrative Expenses

where,

Sales revenue is $577,000

The cost of good sold = Beginning Merchandise Inventory + Purchases (excluding Freight In) + Freight In - Ending Merchandise Inventory

= $45,000 + $300,000 + $15,000 - $42,000

= $318,000

And, the Selling and Administrative Expense is $69,000

Now put these values to the above formula

So, the value would equal to

= $577,000 - $318,000 - $69,000

= $190,000

3 0

3 years ago

BE16.15 (LO 5) Bedard Corporation reported net income of $300,000 in 2020 and had 200,000 shares of common stock outstanding thr

Verizon [17]

Answer:

$1.40 per share

Explanation:

The computation of the diluted earning per share is shown below:

Diluted earning per share = Net income ÷ weighted number of shares

where,

Net income is $300,000

And, the weighted number of shares is

= 200,000 shares + (45,000 options - 45,000 options × $10 ÷ $15

= 200,000 shares + (45,000 options - 30,000 options)

= 200,000 shares + 15,000

= 215,000 shares

So, the diluted per share is

= $300,000 ÷ 215,000 shares

= $1.40 per share

5 0

4 years ago

thatcher corporation's bonds will mature in 13 years. the bonds have a face value of $1,000 and a 9.5% coupon rate, paid semiann

Alina [70]

Thatcher corporation's bonds yield to maturity is 7.66%

Thatcher corporation's bonds yield to call is 7.77%

What is the difference between yield to maturity and to call?

The yield to maturity is the rate of return an investor in thatcher corporation's bonds would earn over the entire period of bond investment which is 13 years whereas the yield to call is the rate of return until the bond is called in 5 years

The yield in each can be determined using a financial calculator which requires that the calculator be set to its end mode before making necessary inputs as shown below because the coupons would be paid at the end of each semiannual period:

YTM:

N=26(number of semiannual periods in 13 years)

PMT=47.50(semiannual coupon=9.5%*1000/2)

PV=-1150(current bond price)

FV=1000(face value of the bond=redemption value)

CPT(press compute)

I/Y=3.8289035%(semiannual YTM)

annual YTM=3.8289035%*2

annual YTM=7.66%

YTC:

N=10(number of semiannual periods in 5 years)

PMT=47.50(semiannual coupon=9.5%*1000/2)

PV=-1150(current bond price)

FV=1050(call price in 5 years)

CPT(press compute)

I/Y=3.3852663%

(semiannual YTM)

annual YTM=3.3852663%*2

annual YTM=7.77%

Find out more about bond yield on:brainly.com/question/13408821

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5 0

2 years ago