Answer:
The journal entry to record issuance of the bond would be:
Debit : Cash $382,942.
Credit : Bonds Payable $382,942.
Explanation:
At Issuance of Bonds, we recognize the Cash Asset and the Liability Bond Payable at the Issue Price of the Bond instead of Face Value.
The Issue Price is also known as the Present Value or Current Price of the Bond and for this question this was given as $382,942.
Answer:
a. $13,000
Explanation:
Calculation for what royalty revenue should be
First step is to find the estimated amount for the second half of the year
Royalties for the second half =
15%*$30,000
Royalties for the second half= $4,500
Now let Compute for the total royalty revenue
Total royalty revenue for 20X5=$8,500+$4,500
Total royalty revenue for 20X5=$13,000
Therefore the royalty revenue should be $13,000
OK THE COMARE IS THAT YOU DONT KNOW AND THE REST IS NOTHING
Answer:
Increase in productivity and Increase in profits
Explanation:
Suppose you are the producer and seller of hamburgers.
Price of hamburgers remains constant.
Assume that initially you are producing 20 hamburgers with some amount of inputs.
Now, if you are producing 40 hamburgers with the same amount of inputs then this would implies that there is an increase in the productivity that's why output increases with the same level of inputs.
Therefore, this would indicate that an increase in the output will result is an increase in the profits.
