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andreev551 [17]
3 years ago
5

For each of the items listed below, indicate whether the item would be reported in the

Business
1 answer:
tresset_1 [31]3 years ago
4 0

Answer:

Note: The complete question is attached below as picture

Indication of how they should be reported are as follow:

1) Budgetary Schedules : FINANCIAL SECTION AS RSI (RSI)

2) Letter of Transmittal : INTRODUCTORY SECTION (I)

3) Legal debt limitations and debt margin : STATISTICAL SECTION (S)

4) A description of government's financial conditions : FINANCIAL SECTION AS MD&A (MDA)

5) Property tax collection and levy information : STATISTICAL SECTION (S)

6) Defined benefit pension plan schedules : FINANCIAL SECTION AS RSI (RSI)

7) Financial highlights of the fiscal year : FINANCIAL SECTION AS MD&A (MDA)

8) Auditors report : FINANCIAL SECTION (F)

9) 10-year data trend : STATISTICAL SECTION (S)

10) Notes to the financial report : FINANCIAL SECTION (F)

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Which of the following criteria would Ben think is the least important as he decides on a career to support his lifestyle
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3 years ago
Bose Company issued $600,000, 14 % bond on January 1
Tasya [4]

Answer:

1) If bonds are issued as 100 entry will be

                                   Debit                                         Credit

Cash                            600,000

Bonds payable                                                              600,000

2) If bonds are issued at 95

                                     Debit                                        Credit

Cash                              570,000

Discount                          30,000

Bonds payable                                                               600,000

3) If bonds are issued at 105

Cash                               630,000

Bonds payable                                                                 600,000

Premium                                                                             30,000

4)

                                        Debit                                           Credit

Interest payable                42,000

Cash                                                                                    42,000

Explanation:

1) If the bonds are issued at 100 then the company will receive the same amount of cash as the face value so they will receive 600,000 cash and will owe the bond buyers 600,000 so they will debit 600,000 cash and credit 600,000 bonds payable.

2) If bonds are issued at 95 then the company will receive cash 95% of 600,000 which is 570,000 so they will debit 570,000 cash, 30,000 will debited as discount and 600,000 bonds payable.

3) If bonds are issued at 105 then the company will receive cash 105% of 600,000 which is 630,000 so they will debit 630,000 cash and will credit 600,000 bonds payable and 30,000 as premium.

4) The bonds are issued on January 1 and there is a journal entry of interest payment at July 1 so we assume that the bond has semi annual payments.

14% of 600,000 is 84,000 and we will divide it by 2 to find the semi annual payment which will be 42,000, so we will debit interest payable by 42,000 and credit cash by 42,000.

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Why would a business ower lower the price of a product
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Answer:

he would do so becaus the canadiens wer smugling syrup and it was making trhe price go yeet, so ppl who didnt sell at thaat price had to lower or go ot of business!1

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The Exclusive Gift Company has a monopoly over the sale of gold hula hoops. This company is currently pricing and producing wher
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Answer:

Produce throughout the shorter term but depart the industries run if the circumstances don't start changing because the losses are incurred.

Explanation:

The given values are:

Gold sells,

Q = 50

Price,

= $5000

Total cost,

= $300,000

Fixed cost,

= $100,000

So,

⇒ TR=5000\times 50

⇒       =250000 ($)

Now,

⇒ TVC=300000-100000

⇒          =2000 00

So that,

⇒ AVC=\frac{VC}{Q}

On substituting the values, we get

⇒          =\frac{200000}{50}

⇒          =4000

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