Answer:
$24,000 Gain
Explanation:
Given that,
Bonds issued = 3,000
Par value = $1,000
Value of issued bonds = $3,120,000
Goll's gain in 2018 on this early extinguishment of debt:
= Issue price of bonds - Premium amortized - Callable value
= $3,120,000 - [($3,120,000 - $3,000,000) × 11/20] - (3,000 × $1,000 × 1.01)
= $3,120,000 - $66,000 - $3,030,000
= $24,000 Gain
The correct answers to these open questions are the following.
Maple Farms, Inc. v. City School District of Elmira.
Could something like this bankrupt a company?
Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.
Do you agree with the decision?
It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.
In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.
That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.
A sickle because it was used during the Industrial Revolution
Answer:
C. The government guarantees that potato farmers will receive at least $50 a ton.
Explanation:
Price floor is implemented by the government or a group where price control is imposed or limit is placed on how low a price a product can be sold.
For price floor to be effective it must be higher than the equillibrum price.
Equillibrum price is the price at which quantity consumers are willing to pay for is equal to quantity suppliers re willing to sell.
Price floors are usually used to keep commodity prices from going too low.
So if the government guarantees farmers will receive at least $50 per ton of potato, they are setting a price floor of $50.
Answer: The correct option is B. Compute the costs per equivalent unit of production is the step that must be taken at the end of the costing process.
Explanation: In order to calculate the cost per unit, we must know the costs and the equivalent units first.
