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3 years ago

Has Toyota done the right thing by manufacturing a car brand for everyone? Why or why not?

1 answer:

6 0

Yes, Toyota has done the right thing by manufacturing a "car brand for everyone" at all geographic locations. They have excelled at the product, place and promotion marketing concepts. Historically, the company has been successful because it created diverse products at different price ranges to satisfy most automobile consumers.

However, Toyota made a huge mistake investing solely in hybrid technology instead of pure electric, so now they are behind the electric vehicle race which might ultimately bankrupt the Japanese giant.

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For $20 million, Ross Adams Mining acquired a tract of land containing a large deposit of anthracite coal. Ross Adams believes t

ziro4ka [17]

Answer:

$6.25 per ton of coal

Explanation:

the depletion base = purchase cost + restoration costs

purchase cost = $20 million
restoration costs = $6 million

depletion base = $26,000,000

depletion rate per ton of coal = (depletion base - salvage value) / estimated reserves = ($26,000,000 - $1,000,000) / 4,000,000 = $6.25 per ton of coal

The depletion rate follows the same concepts as depreciation of fixed assets, but instead of using a fixed asset, you are extracting materials and decreasing the value of the deposits.

8 0

3 years ago

Setrakian Industries needs to raise $83.3 million to fund a new project. The company will sell bonds that have a coupon rate of

SOVA2 [1]

Answer:

The question is missing the options, which can be found in the attached.

The number of bonds necessary to raise the funds is 46,009

Explanation:

First of all, I calculated the price at which would be issued using the pv formula in excel, which =pv(rate,nper,pmt,fv)

rate is the yield to maturity divided by 2 because it is semi-annual payment

nper is 30 years multiplied by 2

pmt is the semi-annual coupon payment

fv is the $2000 payable on maturity

Find attached.

Download xlsx

7 0

3 years ago

On January 1, the first day of the fiscal year, a company issues a $5,000,000, 6%, 10-year bond that pays semiannual interest of

irga5000 [103]

Answer:

Explanation:

The journal entries are shown below:

On Jan 1 - Cash A/c Dr $5,000,000

To Bonds Payable A/c $5,000,000,

(Being bond is issued)

On June 30 - Interest expense A/c Dr $150,000

To Cash A/c $150,000

(Being interest paid for cash)

On December 31, Bonds Payable A/c Dr $5,000,000

To Cash A/c $5,000,000

(Being payment of principal is recorded on the maturity date)

8 0

3 years ago

a store at the mall having a minimum age requirment for workers is an example of which catagory of employee rights

Vitek1552 [10]

Answer: Department of labor

Explanation: Google Have a good day :)

7 0

3 years ago

Grouper Company issued $612,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1 and

IrinaVladis [17]

Answer:

Bond issue:

Dr cash $624,240.00

Cr bonds payable $612,000

Cr premium on bonds payable($624,240.00-$612,000) $ 12,240

On 30 June:

Dr Interest expense $30,495.68

Dr premium on bonds payable $104.32

Cr cash $30,600

On 31 December :

Dr interest $ 30,490.59

Dr premium on bonds payable($30,600-$30,490.59) $109.41

Cr interest payable $30,600

Explanation:

The cash proceeds from the bond issuance is 102% of the face value of $612,000 i.e $ 624,240.00 (102%*$612,000)

The interest payment on 30 June=$612,000*10%*6/12=$30,600.00

The interest expense on 30 June=$ 624,240.00*9.7705%*6/12=$30,495.68

amortization of premium=$30,600.00-$ 30,495.68=$104.32

Carrying value of bond at 30 June=$ 624,240.00+$30,495.68 -$30,600=$624,135.68

Interest expense on 31 December=$ 624,135.688*9.7705%*6/12=$30,490.59

6 0

2 years ago