Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2020, for $50,000. The bonds pay interest se
1 answer:
Answer: Check attachment
Explanation:
The journal entries to record the transactions described above has been attached.
On 1st, January 2020, debt investment was debited by $50000 and cash was credited by $50000.
On 31st December 2020, interest receivable was debited by $6000 and interest received was credited by $6000.
On 1st January, 2021, Cash was debited by 6000 and interest received was credited by 6000.
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Answer:
correct option is a. $617,911
Explanation:
given data
issued = $600,000
rate = 10 %
time 5 year
amount = $648,666
effective-interest rate = 7%
solution
we get here carrying value so first we get here Interest paid per semiannual period that is
Interest paid per semiannual period = $600000 ×10% ×
Interest paid per semiannual period = $30000
and
Interest expense on 30 June = $648666 × 7% ×
Interest expense on 30 June = $22703
and
Interest expense on 30 December = $641369 × 7% ×
Interest expense on 30 December = $22448
so
Interest expense on 30 June = ($641369 - $7552) × 7% ×
Interest expense on 30 June = $22184
and
Interest expense on 30 December = ($633817 - $7816) × 7% ×
Interest expense on 30 December = $21910
so as that we get Carrying value of 1st January that is
Carrying value of January 1 = $633817 - $7816-8090
Carrying value of January 1 = 617911
so correct option is a. $617,911
Answer:
12.55 days
Explanation:
<em><u>Provided information </u></em>
Number of employees 2
Average production time=1.8 days
Standard deviation=2.7 days
Inter-arrival time= 1 day
Coefficient of variation= 1 day
Standard deviation of inter-arrival time= 1 day
The coefficient of variations
<u>Inter-arrival coefficient of variation </u>
where
is standard deviation of inter-arrival time, T is inter-arrival time and
is coefficient of variation of inter-arrival time
<u>Production time coefficient of variation </u>
<u><em>Total utilization time </em></u>
where T is the time of production, n is number of employees, U is utilization,
is inter-arrival time
Therefore, utilization time by 2 employees is 0.9
<u>Expected average waiting time </u>
Where is expected average waiting time and the other symbols as already defined
Substituting 1.5 for , 1 for
, 0.9 for U, 2 for n, 1 for
and 1.8 for T
and rounding off to 2 decimal places we obtain 12.55 days
Therefore, expected duration between order received and beginning of production is approximately 12.55 days