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Verizon [17]
3 years ago
10

Monroe is reviewing an appellate case for class and must correctly identify the parties to the case. In the case, the original d

efendant (Franklin) is appealing his conviction by the State of Idaho. In the appeals case, Franklin is known as the:_________
a. respondent.
b. defendant.
c. appellee.
d. appellant.
Business
1 answer:
Alborosie3 years ago
4 0

Answer:

appellant

Explanation:

appellant - it is referred to as the party that challenges the case in the upper court. Appellant is in search of modification of case. when appellant are not satisfied with the judgment of the lower court they appeal in higher court for some reversal in case.

for example - if someone is not satisfied by the judgment on eligibility to the particular post then the person can appeal to the higher authority to seek the result according to him/her.

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Sales total $500,000, and fixed costs total $300,000. The contribution margin ratio is 68%. Profit = $
marin [14]

Profit = $40,000

Given,

Total sales are $500,000

Total fixed costs are $300,000

Contribution margin ratio is 68%

Solution:

Profit = Total Sales × Contribution margin ratio − Total Fixed costs

         = $500,000 × 68% − $300,00

           =$340,000 −$300,000

Profit =$40,000

Profit:

Profit; also known as net income is the financial gain acquired when the amount of revenue generated by a company exceeds costs and expenses. Profit is the bottom line of a company′s income statement that shows the financial performance during the period.

Learn more about contribution margin :

brainly.com/question/18594744

#SPJ4

8 0
1 year ago
Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various respons
elena-14-01-66 [18.8K]

Complete question:

Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various responsibility centers. Which of the following is definitely not a cost object in this situation?

A) The maintenance department.  

B) Product no. 675.  

C) Compton Corporation.  

D) The Midwest division.  

E) The telemarketing center.

Answer:

Compton Corporation is definitely not a cost object in this situation

Explanation:

A cost object is a concept commonly used in financial reporting to describe the costs. Definitions commonly found in expense items include: product lines, geographical areas, clients, teams or anything else handling the costs.

Any object to which costs are independently calculated is a cost entity. In an organization, an expense item can be, for example a team, workmanship, production line or procedure.

For example, the costs of construction, customer support or revamping of a returned product may be tracked.

5 0
3 years ago
On June 30, 2012, Oriole Company issued 12% bonds with a par value of $770,000 due in 20 years. They were issued at 98 and were
Pavlova-9 [17]

Answer:

A. OLD BOND REDEMPTION :

June 30, 2021

Dr 12% Bonds payable 770,000

Dr Loss on retirement of bonds 31,570

Cr Cash 793,100

Cr Discount on bonds 8,470

NEW BOND ISSUE:

June 30, 2021

Dr Cash 1,020,000

Cr 10% Bonds payable 1,000,000

Cr Premium on bonds 20,000

B. Dec 31, 2021

Dr Interest expense 49,500

Dr Premium on bonds payable 500

Cr Cash 50,000

Explanation:

a. Preparation of the journal entries to record the redemption of the old issue and the sale of the new issue on June 30, 2021.

OLD BOND REDEMPTION :

June 30, 2021

Dr 12% Bonds payable 770,000

Dr Loss on retirement of bonds 31,570

Cr Cash 793,100

(103*770,000)

Cr Discount on bonds 8,470

(To record redemption of old bonds)

NEW BOND ISSUE:

June 30, 2021

Dr Cash 1,020,000

(1,000,000 * 102/100)

Cr 10% Bonds payable 1,000,000

(1,000,000 * 100/100)

Cr Premium on bonds 20,000

(1,000,000 * 2/100)

(To record issue of new bonds at premium)

CALCULATION for unamortized discount :

Discount at the time of issue 15,400

(2%*770,000)

Less: Discount amortised till june 30, 2021 (15,400 / 40 * 18) (6,930)

Unamortized discount 8,470

We made use of 18 because the interest was been given twice in a year which is December 31 and June 30

CALCULATION for loss on redemption :

Redemption of bonds 793,100

(103*770,000)

Less: Carrying value (761,530)

(770,000 - 8,470)

Loss on redemption 31,570

b. Preparation of the entry required on December 31, 2021, to record the payment of the first 6 months' interest and the amortization of premium on the bonds.

Dec 31, 2021

Dr Interest expense 49,500

(50,000-500)

Dr Premium on bonds payable 500

(20,000 / 40)

Cr Cash 50,000

(1,000,000 * 10% * 6/12)

(To record the interest expense for 6 months)

8 0
3 years ago
10,000 is deposited into an account earning an effective annual interest rate of 6%. Beginning at the end of the third year, ann
Greeley [361]

Answer:

The correct answer is option D,19.

Explanation:

In calculating the above,two steps are involved-calculation of future value of $10000 invested at 6% for three years and calculation of number of years it would take to draw down the future value to less than $1000 by withdrawing $1000 every year beginning from year 3.

Using financial calculator,FV=FV(rate,nper,,-pv)

Please note negative in pv and the two commas

Rate=6%,nper=3 years and pv=$10000

Besides, the number of years was calculated using nper formula,which is given as:nper(rate,-pmt,pv,,1)

Find all calculations in the attached while also paying attention to the formulas.

Download xlsx
3 0
4 years ago
What are two things you need to maintain if you assist a person with banking and bill paying?
Anton [14]

Answer:

transaction record and a reconciliation of the transactions

An adequate bank balance and a budget.

Legal guardianship of the person and power of attorney

Your documentation as payee for the person you support and the bankbook

8 0
4 years ago
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