1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
const2013 [10]
3 years ago
11

Sheffield Corporation retires its $980000 face value bonds at 104 on January 1, following the payment of annual interest. The ca

rrying value of the bonds at the redemption date is $1016701. The entry to record the redemption will include a debit of $39200 to Premium on Bonds Payable. credit of $2499 to Loss on Bond Redemption. debit of $2499 to Loss on Bond Redemption. credit of $39240 to Premium on Bonds Payable.
Business
1 answer:
RoseWind [281]3 years ago
4 0

Answer:

credit of $36,701 to Discount on Bonds Payable

Explanation:

Dr Bonds payable $980,000

Dr Loss on bond redemption $2,499

[$1,016,701-($980,000 x 104%)

Cr Discount on bonds payable $36,701

($1,019,200-$980,000-$2,499)

Cr Cash $1,019,200

($980,000 x 104%)

The entry to record the redemption will include

a credit of $36,701 to Discount on Bonds Payable

You might be interested in
Vicki entered into a written contract to buy a car from Valley Motors. During the negotiations, the sales representative said th
Bingel [31]

Answer:

No she won't.

Explanation:

Vicki will not be able to present evidence as to the sales representative's statements concerning the warranty that "This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." thereby excluding the car's warranty.

Hence, any evidence of the discussion of the warranty would most likely be excluded by the parol evidence rule.

4 0
4 years ago
Read 2 more answers
Help on this question please
nasty-shy [4]
Hello!

The answer is:
-A credit card can be used to pay for services, and the user agrees to pay these charges at a later time.

I hope this helped you!
4 0
3 years ago
The measurement of earnings concept that consists of a company’s profit from operations after taxed are subtracted is ________.
babunello [35]

Answer:

Net Operating Profit After Taxes or NOPAT

Explanation:

NOPAT is calculated by substracting the tax expense from the revenue that the company obtains exclusively from its operating activities. This means that NOPAT does not include income from non operating activities like small investments or one time sales of capital goods.

NOPAT is a very important indicator in corporate finance, often used by analysts to gauge a company's true level of profitability. It is also an important element in the calculation of another important indicator, Economic Value Added or EVA.

3 0
3 years ago
Carlos works as a tutor for an hour and as a waiter for an hour. This month, he worked a combined total of hours at his two jobs
katrin2010 [14]

Answer:

<em>D = a*t + b*(T-t)  </em>

Explanation:

I<em>n the example given, four variables are to be considered here, </em>

<em> How many dollars he makes per hour , same as how many dollars he makes as a waiter,  How many hours he worked both as tutor and a waiter  </em>

<em>  Let define our variables</em>

<em>let a = the amount of dollars he makes per hour as a tutor </em>

<em>Let b = the amount of dollars he makes as a waiter </em>

<em>Let  t = number of hours he worked as a tutor </em>

<em>Let T = the total  hours combined  he worked both jobs in a month</em>

<em>Therefore, T-t =  number of hours left he worked as a waiter.      </em>

<em>Then, D =  total dollars Frank received  this month in which is:    D = a*t + b*(T-t)  </em>

8 0
3 years ago
Mint Company is considering purchasing a machine with a cost of $10,000 and a useful life of 20 years. Mint expects the machine
alex41 [277]

Answer:

B) 5 years

Explanation:

Year  Cash outflow   Cash inflow   Balance

 0          (10,000.00)           -             (10,000.00)

 1                   -                  2,000.00   (8,000.00)

 2                   -                  2,000.00   (6,000.00)

 3                   -                  2,000.00   (4,000.00)

 4                   -                  2,000.00   (2,000.00)

 5                   -                  2,000.00           -    

All amounts above are stated in $.

From the table above, it will take 5 years to pay back.

The right option is B) 5 years.

8 0
3 years ago
Other questions:
  • If a bookstore manager prices a book higher than the equilibrium price, then _____. A. the market price of the book will become
    11·2 answers
  • Additional data: 1. Dividends declared and paid were $25,400. 2. During the year, equipment was sold for $8,700 cash. This equip
    8·1 answer
  • Tinder, the mobile dating app, is competing for market share with Match among college students. In its promotional messages, Tin
    8·1 answer
  • Select the correct answer. What is a good practice when you are implementing your goals? A. Follow a rigid pattern while impleme
    9·2 answers
  • Jane has been working with some buyers for several weeks. She thinks they are really interested in one particular property, but
    11·1 answer
  • If tom sells 500 sandwiches for $7 and has an average cost of $5, what is his profit?
    15·1 answer
  • Which of these is true about the cash cow?
    6·1 answer
  • If the book value per share is $40 and the market price is 52.50 per share calculate the required rate of return on the stock.
    12·1 answer
  • Del Monty will receive the following payments at the end of the next three years: $8,000, $11,000, and $13,000. Then from the en
    13·1 answer
  • Use Charitable in a sentence
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!