Honestly you should answer this one yourself it seems like a question that contains your own answer
Answer:
The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.
Explanation:
This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.
The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.
So, the appropriate journals to record this transaction is as provided above.
Answer:
The answer is B. Price Skimming
Explanation:
In marketing, price skimming is a situation in which a high price is initially charged for a product and lowers it later after achieving its aim.
This type of product can be a luxury good in which high price is deemed as of high quality. The main aim is to gather enough revenue from the premium buyers and lowers it later to attract other customers
.
Price Skimming is usually set for products that have short life-cycle
Answer:
total revenue = is 99300
Explanation:
given data
expects to sell in October = 3,000 units
expects sales to increase = 10%
Sales price stay constant = $10 per unit
solution
we get revenue hereby the sum of revenue of oct + nov + dec
revenue = price × quantity .........................1
total revenue = is 99300
Answer: $1392
Explanation:
The depreciation rate under straight line is =1/5=0.2
The depreciation rate under double declining is = 0.2 × 2 = 0.4
Depreciation expense for the first year = 0.4 × $5800 = $2320.
At the beginning of year two, net book value = $5800 - $2320 = $3480
Depreciation expense for year two = 0.4 × $3480 = $1392
