Answer:
Loss on retirement of debt = $1,030,000
Explanation:
the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:
Dr Bonds payable 7,000,000
Dr Loss on retirement of debt 1,030,000
Cr Cash 7,070,000
Cr Discount on bonds payable 960,000
Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000
Answer:
2.12, rounded up to 3
Explanation:
To solve the equation, we first need to set up an equation.
Let x represent the number of scarves. We want one side of the equation to be the amount earned and the other to be the cost
45x is how much they earn since each scarf is $45
70+12x is how much they cost for rent and production
45x=70+12x
Subtract 12x from both sides
33x=70
Divide both sides by 33
x=2.12
It says we should round up so 3 scarves to break even
Amount of time is the answer
Answer: Credit
When a person who will give out a loan such as an auto loan sees a bankruptcy on a person’s record, it makes them think that the person is irresponsible or at least not competent in their financial abilities.
Answer:
Estimation of the non-value-added Cost:
a) Cost of automating the insertion process:
Machine time cost = 15/60 x $8 = $2
Material cost = 7.5 x $10 = $75
Total automation cost = $77
b) Cost of redesigning the gear:
Cost per setup hour = $50 x25% = $12.50
c) Movement cost:
Cost for movement = $20 x 6 = $120
d) Inspection cost:
Cost of inspection = 16,000 x $12 = $192,000
Explanation:
Non-Value Added activities, according to goleansixsigma.com, "are the process steps that do not meet one or more of the following criteria: 1) The step transforms the item toward completion (something changes). 2) The step is done right the first time (not a rework step). 3) The customer cares (or would pay) for the step to be done."
A non-value-added cost is a production expense that does not increase the amount customers are willing to pay for the finished product. Examples are inspection cost, movement cost, and automation cost.
