Answer:
a)
Cash debit : $150000
Debit discount on BP : $65000
Credit BP : $185000
Credit Paid-in Capital- Stock Warrants : $30000
b)
Cash debit : $150000
Debit discount on BP : $35000
Credit BP : $185000
Explanation:
Given that:
Issuance price = $150000, value of bonds without warrants = $126400, value of warrants = $31600,
Face value = $185000
a)
value assigned to bonds= [value of bonds without warrants/(value of bonds without warrants + value of warrants)] * issue price = [126400/(126400 + 31600)] * 1500000 = 126400 / 158000 * 150000 = $120000
value assigned to warrants = [value of warrants/(value of bonds without warrants+value of warrants)] * issue price = 31600 / (126400 + 31600) * 150000 = 31600 / 158000 * 150000 = $30000
Cash debit = Issuance price = $150000
Debit discount on BP = Face value - value assigned to bonds = $185000 - $120000 = $65000
Credit BP = face value = $185000
Credit Paid-in Capital- Stock Warrants = value assigned to warrants = $30000
b)
Cash debit = Issuance price = $150000
Debit discount on BP = Face value - issuance price = $185000 - $150000 = $35000
Credit BP = face value = $185000
Answer:
C. $1,370,000
Explanation:
Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity
Direct material $340,000
Direct labor $610,000
Allocated variable overhead $420,000
Minimum bid price $1,370,000
($340,000+$610,000+$420,000)
Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000
Answer:
Celebrity Branding
Explanation:
It is an advertising Campaign used by Companies, Brands and other non- profit organizations. Well known persons and Celebrities are used to promote a product using their fame and social status. It works on the concept that positive images of celebrities endorsing a brand will also make their followers buy the product. It is especially used by beauty and fashion brands. Non-profit organizations also rely on celebrities to attract awareness toward a certain issue as celebrities have mass communication skills and can reach a wider audience.
Answer:
Date Account Title Debit Credit
April Factory Overhead $16,720
Indirect materials $10,500
Wages payable $4,000
Utilities payable $ 500
Accumulated Depreciation $ 620
Small tools $ 370
Equipment rental $ 730
Answer:
Because of trade, country may consume outside its institutional production possibilities frontier.
Explanation:
Production possibility frontier plays a crucial role in economics. It is the point at which a country’s economy is most efficiently producing its various goods and services and, therefore, allocating its resources in the best way possible.
