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3 years ago

A "sinking fund call" is a(n): A mandatory call B extraordinary mandatory call C optional call D extraordinary optional call

Business

1 answer:

Rudiy273 years ago

7 0

Answer:

Explanation:

A sinking fund call is a provision that allows a bond issuer the opportunity to buy outstanding bonds from bondholders at a predetermined rate, using money known as a sinking fund from the issuer's earnings saved specifically for security buybacks. Sinking fund calls are mandatory

Mandatory redemption is a call provision that requires an issuer to redeem bonds before their stated maturity date

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Leslie Manufacturing reported the following:Revenue $450,000Beginning inventory of direct materials, January 1, 2015 20,000Purch

Bogdan [553]

Answer:

$109,000

Explanation:

The accounting equation for the cost of goods sold

COGS = opening finished good + purchases - Closing finished goods

In a manufacturing firm, purchases are also referred to as manufacturing costs.

For Leslie manufacturing:

beginning finished inventory =$40,000

costs of goods manufactured = $ 144,000

Ending finished inventory = $ 45,000

cost of manufacturing for the period:

=$40,000 +$114,000- $45,000

=$109,000

5 0

3 years ago

Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $705,555 Offi

insens350 [35]

Answer:

Assets  Liabilities

Current Assets Acount Payable 17,640

Cash 222,485 Equity

Account receivable 49,390 Common Stock 135,000

Supplies 8,465 Retained Earnings 353,700

Total Current Assets 280,340 Total Equity 488,700

Land 226,000

Total Assets 506,340 Toal Liab+ SE 506,340

Explanation:

RE will be calculate using the accounting equation as is quicker than calculate net income and do the RE statement

Assets = Liab + Equity

Where: Equity = Common Stock + RE

506,340 = 17,640 + 135,000 + RE

RE = 506,340 - 17,640 - 135,000 = 353,700

3 0

3 years ago

Equipment purchased for $85,000 on January 1, 2010, was sold on July 1, 2013 for $30,000. The company uses the straight-line met

gregori [183]

Answer:

B) $59,500

Explanation:

The equipment was purchased for 85,000 and has no salvage value which means that all 85,000 will be depreciated over it lifetime. It has a life of 5 years and because it uses straight line method it means that it will depreciate equally each year. The equipment is bought on JAN 1 2010 and sold on July 1 2013 which means that the equipment is used for 3.5 years and in order to find its depreciation we will divide 3.5 by 5 and multiply it by 85,000.

3.5/5*85,000=59,500

4 0

3 years ago

Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $540,000. In addition to the purchase price, FVI makes the followi

Dafna1 [17]

Answer:

The amount FVI should record is $ 617,200

Explanation:

The amount FVI should record as the cost of the land includes the initial purchase price ,broker's commission,title insurance ,miscellaneous closing costs as well as the cost of dismantling the old warehouse since all of these costs were incurred to bring the asset acquired to its present condition and location.

land purchase price $540,000

broker's commission $34,000

title insurance $2,400

miscellaneous closing costs $6,800

Cost of demolition $34,000

total costs $617,200

7 0

3 years ago

Read 2 more answers

An automotive magazine charges an annual subscription fee of $300, with customers prepaying the fee. Subscribers receive 50 iss

love history [14]

Answer:

The numbrer of performance obligations is equal to the number of new subscribers.

Explanation:

Each new subscriber generates a performance obligation, as the automotive magazine provides a coupon to each new subscriber, and each coupon is a promise to provide the discount.

A perfomance obligation is a contractual promise to provide a “distinct” good or service to a customer" (taken from the internet).

Whether or not the an obligation will be recognized or not will depend on whether the subscriber uses the coupon or not, but that does not depend on the will of the automotive magazine: they are obliged to provide the discount to every subsriber that uses the coupon (within the terms of the contract).

Thus, since each coupon is a contract, each one is a performance obligation.

7 0

3 years ago