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german
3 years ago
11

Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation red

eems the bonds at 98 1/2, what is the amount of gain or loss on redemption
Business
1 answer:
sineoko [7]3 years ago
8 0

Answer:

Loss on Redemption = $500

Explanation:

<u>Gain or Loss on redemption:</u>  

Par value of Bonds                $1,000,000

Less: Discount on bonds       <u>$15,500</u>

Book Value of Bonds            $984,500

Less: Redemption value        <u>$985,000</u>  ($1,000,000 * 98.50%)  

Loss on Redemption             <u>$500</u>

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If the government increases its spending when the economy is in an expansion, then the presence of automatic stabilizers:
artcher [175]
Hey there,

Answer:

It will decrease the government spending multiplier 

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<em>~Top</em>
6 0
3 years ago
Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to
antoniya [11.8K]

Answer:

a. $120

b. 5,000 units

c. 7,000 units

Explanation:

Hi, your question is incomplete, I found the full question online and uploaded text and image below.

Workings and explanations :

Contribution margin per unit = Sales - Variable Cots

                                                = $200 - $80

                                                = $120

Break even (units) = Fixed Costs ÷ Contribution margin per unit

                               = $600,000 ÷ $120

                               = 5,000 units

Unit Sales to achieve a target profit = (Targeted Profit + Fixed Costs) ÷ Contribution margin per unit

                                                           = ($240,000 + $600,000) ÷ $120

                                                           = 7,000 units

Margin of Safety = Expected sales - Break even Sales

Note : There is no much details about the current sales level

<u>FULL DETAILS OF THE QUESTION IS AS FOLLOWS :</u>

<em>Information concerning a product produced by Ender Company appears here: Sales price per unit $ 200 Variable cost per unit $ 80 Total annual fixed manufacturing and operating costs $ 600,000</em>

5 0
3 years ago
Anything that an employee can give to himself as a reward for "good" performance on the job is known as a(n:
Burka [1]
<span>The answer is a self-reinforcer.</span>
7 0
4 years ago
Your company has sales of this year and cost of goods sold of . You forecast sales to increase to next year. Using the percent o
Katyanochek1 [597]

Complete question :

Your company has sales of $101,500 this year and cost of goods sold of $66,300. You forecast sales to increase to $118,900 next year. Using the percent of sales method, forecast next year's cost of goods sold. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The forecasted cost of goods sold (COGS) is $ ___________ (Round to the nearest dollar.)

Answer:

$77,666

Explanation:

Given the following :

Sales for the year = $101,500

Cost of goods sold =$66,300

Forecasted increase in sales for next year = $118,900

Forecasted cost of goods sold for next year =?

Percentage cost of goods sold for this year:

Cost of goods sold / sales for this year

$66300/$101500

= 0.6532019

Forecasted cost of goods sold for next year:

(Forecasted increase in next year's sale * % cost of goods sold for this year)

= 118,900 * 0.6532019

= $77665.714

= $77666 ( nearest dollar)

4 0
3 years ago
Why did minorities often experience an increase in discrimination during the great depression?
soldi70 [24.7K]
Because they often worked harder then the majority, meaning they would get the work and do more of it to get more money as they were generally paid less the the majority thus less work for the majority. As is their own doing
3 0
3 years ago
Read 2 more answers
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