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FromTheMoon [43]
3 years ago
8

Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization sch

edule from issuance until maturity: Date Cash Interest Effective Interest Decrease in balance Outstanding balance 1/1/2018 $207,020 6/30/2018 $7,000 $6,211 $789 206,230 12/31/2018 $7,000 6,187 813 205,417 6/30/2019 $7,000 6,163 837 204,580 12/31/2019 $7,000 6,137 863 203,717 6/30/2020 $7,000 6,112 888 202,829 12/31/2020 $7,000 6,085 915 201,913 6/30/2021 $7,000 6,057 943 200,971 12/31/2021 $7,000 6,027 971 200,000 What is the annual stated interest rate on the bonds
Business
1 answer:
Schach [20]3 years ago
3 0
It is papaaaaaaaaaaaaa
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Old Tired Professor Mullen, Inc. has $20,000 of ending (EI) finished goods inventory. If beginning (BI) finished goods inventory
Zolol [24]

Difference between beginning and ending CoG: 20,000-10,000 = 10,000

Difference + sold:

10,000 + 40,000 = 50,000

Answer: $50,000

3 0
3 years ago
A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signed the con
Katen [24]

Answer:

The Home owner commenced the action in a state A court ( C )

Explanation:

The Defendant ( the contractor)  can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner  if the federal court has the Jurisdiction to rule on the case

Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.

6 0
2 years ago
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer to the lists of
uysha [10]

Answer:

Explanation:

Stockholder's Equity

Paid in Capital:  

      Common Stock  $48,000,000

     Paid in Capital in excess of Par - Common Stock $6,400,000  

     Paid in Capital from sale of Treasury Stock $4,500,000

[58,900,000]

Total Paid in Capital  $58,900,000

Retained earnings  $63,680,000

Total Paid in Capital & Retained Earnings  $122,580,000

Deduct: Treasury Stock  $5,200,000

Total Stockholder's Equity  $117,380,000

7 0
3 years ago
Short Corp. reported net income of $63,000 for the year and had a tax rate of 30%. Net sales were $300,000 and Operating expense
Mekhanik [1.2K]

Answer:

Cost of goods sold  : $ 120.000

Explanation:

income before taxes   : 63000 / 0.7 = 90000  

(+) expenses                                          90.000

Total                                                      180.000

(-) net sales                                         300.000

= cost of goods                                   120.000

7 0
3 years ago
Garden Corporation uses cost-plus pricing with a 30% mark-up. The company is currently selling 12,000 units at $21.45 per unit.
mel-nik [20]

Answer:

$23.44

Explanation:

The computation of profit charge per unit for earning same annual profit is shown below:

Given that

No of Units Sold =       12,000

Sale Price of each Unit   = $21.45

Variable Cost     = 11.50

So,

Contribution Per Unit is

= Selling price per unit - variable cost per unit

= $21.45 - $11.50

= $9.95

So,

Total Contribution  is

= 12,000 units × $9.95

=  $119,400

And,

Fixed Costs for the year is $60,000

So, the Profit for the year is

= Contribution margin - fixed cost

= $119,400 - $60,000

= $59,400

Now If the demand for the product falls to 10,000 Unit  

So we assume Number of units expected to be sold is10,000

Since Variable cost Per Unit  is 11.50

So, the Total Variable Cost is

= 10,000 units × $11.50

= $115,000

And,

Fixed Cost per annum  $60,000

Expected Profit        $59,400

So, the total amount is

= $115,000 + $60,000 + $59,400

= $234,400

So, the price per unit charged is

= $234,400 ÷ 10,000 units

= $23.44

3 0
3 years ago
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