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UkoKoshka [18]
3 years ago
13

Nathan has created a chart depicting changes in the eating habits of various members of an average American family. Based on thi

s chart, he has created a report forecasting a change in demand for fast-food products. He has also made suggestions regarding the ideal prices at which customers are likely to buy the most food products. What role is Nathan performing at his company?
Business
1 answer:
vekshin13 years ago
6 0
<span>Nathan is performing the role of sales manager. By creating charts that show changes in eating habits and figuring out the new demand for fast food products, Nathan has done his job as a manager. Projecting changes and figuring out when demand will be the highest is a good way to maximize your profits. Nathan knows when they will have the highest demand and uses that knowledge to find the right prices to insure his business receives the best profits.</span>
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Answer:

cash                910,000 debit

  bonds payable                 850,000 credit

  premium on BP                  60,000 credit

-- to record issuance of bonds --

interest expense 63700 debit

amortization                 4300 credit

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Explanation:

issuance:

cash proceed of 910,000 face value of 850,000 the 60,000 difference wil be a premium.

interest entry:

we multiply the carrying value of the bonds by the market rate

we calcualte the cash procees as ussual: face value x bond rate

the difference wil be the amortization on premium

910,000 x 7%  63,700

850,000 x 8% 68,000

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