The journal entry to record the transaction is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable $268,000.
<h3>Sales of bonds</h3>
Splish Brothers Inc journal entry
March 1,2022
Debit Cash $259,960
($268,000 × 97%)
Debit Discount on bonds payable $8,040
($268,000 × 3%)
Credit Bonds payable $268,000
(To record sales of bonds)
Inconclusion the entry is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable $268,000.
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Answer:
1. $2,400
2. Investment 2
Explanation:
For computing the expected return for the investment 2, we have to apply the formula which is shown below:
= Probability for Scenario 1 × return in Scenario 1 + Probability for Scenario 2 × return in Scenario 2 + Probability for Scenario 3 × return in Scenario 3
= 0.2 × $6,000 + 0.3 × $4,000 + 0.5 × 0
= $1,200 + $1,200
= $2,400
From the calculations we use the investment 2 as Paul is uncertain about the return for investment 1
Answer:
option (C) 8.8
Explanation:
Data provided in the question:
Common stock outstanding = 267.9 million shares
Market price = $68 per share
Value of common stock equity reported = $2.067 billion
Now,
Market value = Market price × Number of Common stock outstanding
= $68 × 267.9 million
= $18,217.2 million
= $18,217,200,000
Book value = $2.067 billion = $2,067,000,000
therefore,
NetApp's market/book ratio = $18,217,200,000 ÷ $2,067,000,000
= 8.81 ≈ 8.8
Hence,
Answer is option (C) 8.8
