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3 years ago

Dobbs Company issues 6%, two-year bonds, on December 31, 2018, with a par value of $106,000 and semi-annual interest payments.

Business

1 answer:

Rashid [163]3 years ago

5 0

Answer: See explanation

Explanation:

a. The issuance of bonds on December 31, 2018.

Dec 31, 2018.

Debit Cash $99880

Debit Discount on bonds payable $6120

Credit Bonds payable $106000

(to record bond issue)

b. The first through fourth interest payments on each June 30 and December 31.

June 30

Debit Interest expense = $4718

Credit Discount on bonds payable = $1538

Credit Cash (106000×6%×6/12) = $3180

(To record interest)

Dec, 31.

Debit Interest expense = $4718

Credit Discount on bonds payable = $1538

Credit Cash (106000×6%×6/12) = $3180

(To record interest)

June 30

Debit Interest expense = $4718

Credit Discount on bonds payable = $1538

Credit Cash (106000×6%×6/12) = $3180

(To record interest)

Dec, 31

Debit Interest expense = $4718

Credit Discount on bonds payable = $1538

Credit Cash (106000×6%×6/12) = $3180

(To record interest)

c. The maturity of the bonds on December 31, 2020.

Dec 31,2020

Debit Bonds payable = $106000

Credit Cash = $106000

(To record retirement)

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Coaches can receive a bonus from the booster club at the conclusion of a season.

inna [77]

Answer:

The statement is true

Explanation:

Booster club is the organization which is formed in order to support the organization, associated club and sports team. The club support through coordinating events or raising the funds.

So, yes, the coaches are legally could receive the bonus from the booster club at the season conclusion as the booster clubs are not state funded, so they are intended to use the money for the school resources.

And there is no legal matter is involves with giving the coaches bonuses as the booster club raise the fund from the extra circular activities.

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3 years ago

Markland First National Bank of Rolla utilizes Kanban techniques in its check processing facility. The fol-lowing information is

Alisiya [41]

Answer:

the current daily demand of the check processing facility is 8000 units, and a 16 containers is required.

Explanation:

Solution

Given that,

(A) The calculation of delay demand is as follows:

K = (<u>+_</u>) (<u>1 +)</u> C

K = is the number of containers

d = the average delay demand

w = the waiting time per average per unit

p = the average processing time per unit

C = Container quantity

α = safe guard policy variable

Now,

The average processing time = 2/24 * 60 =0.0167

The average waiting time is = 2/24 =0.083

The required number of container = 20 = (0.083 + 0.0167 ) (1 + 0.25) /50

which is

20 * 50 = (0.1) (1.25)

Thus,

1000 / 0.125 = 8000

Now,

The average daily demand is 8000

The next step is to find out how many containers would be needed.

Now,

If there is no waste, it is = 0

The required number of containers will be =

K = 8000 ( 0.083 + 0.0167) ( 1 + 0 )/ 50

= 8000/5= 16 Containers

7 0

2 years ago

The Cash account in the ledger of Clear Windows shows a balance of $12,596 at September 30. The bank statement, however, shows a

Norma-Jean [14]

Answer:

1. $3,067

2. B) $129,127.

Explanation:

a. The computation of amount deposit in transit is shown below:

The amount of deposit in Transit = Balance as per Cash Book as on 30th Sept - Cheque outstanding realized - Bank charges - Balance as per Bank Book

= $12,596 + $6740 - $16 - $16,253

= $3,067

Deposit in Transit inflates the general ledger initially till it is credited in the bank book.

b. The computation of balance should Cardinal's Cash account show

Cash Account should show a balance = Bank Statement Balance as on May 31 - Outstanding Cheque on May 31

= $180,974 - $51,847

= $129,127

As we can see that the cash account balance is less because there is an outstanding

5 0

3 years ago

Having just finalized its new tablet design, Epic Electronics's marketing team plans to begin a rollout with ________ to only on

wlad13 [49]

Answer:

Exclusive distribution; Selective distribution; Intensive distribution

Explanation:

Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.

Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.

Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.

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3 years ago

A portfolio is entirely invested into BBB stock, which is expected to return 16.4 percent, and ZI bonds, which are expected to r

Mashutka [201]

Answer:

the expected return on the portfolio is 12.34%

Explanation:

The computation of the expected return on the portfolio is shown below:

Expected Return is

= Investment in BBB × Return+ Investment in ZI × Return

= 16.4 × 48% + 8.6 ×52%

= 7.87% + 4.47%

= 12.34%

hence, the expected return on the portfolio is 12.34%

7 0

2 years ago