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geniusboy [140]
3 years ago
13

King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya

ble is $4,800. At that time, King redeemed the bonds at 102. Assuming that no interest is payable, make the entry to record the redemption. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
dangina [55]3 years ago
7 0

Answer:

Dr Bonds payable 1,600,000

Dr Loss on redemption of bonds 36,800

    Cr Cash 1,632,000

    Cr Discount on bonds payable 4,800

Explanation:

Loss/gain on redemption  of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss

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Alchen [17]

Answer:

Cyclical unemployment

Explanation

Unemployment is simply a state of joblessness.unemployment rate is said to be the percentage of the nation's labor force that is unemployed.

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7 0
3 years ago
Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p
harkovskaia [24]

Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

= 140,000

Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

= 140,000 + 46,800 - 42,000

= 186,800 - 42,000

= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

= 144,800 × $3.50

= $506,800

6 0
3 years ago
Read 2 more answers
Which of the following is not an advantage of ROI?
dmitriy555 [2]

Answer:

 (A) It encourages managers of departments with high ROIs to invest in average ROI projects.  

Explanation:

The full form of ROI is Return of investment. Generally, ROI is used by different organizations to find out the profit from the expenditure. By using the concept of return of investment the organization can save money as well as time.ROI also helps to explore and measure potential returns on various investment opportunities

Therefore answer is a.

7 0
3 years ago
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Misha Larkins [42]

<em>Answer:</em>

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<em>Explanation:</em>

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6 0
2 years ago
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Alecsey [184]

Answer:

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Explanation:

Good luck

4 0
3 years ago
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