Answer:
Journal Entry
Explanation:
The Journal Entry is shown below:-
Bonds payable Dr, $1,030,000
Loss on retirement of bond Dr, $78,800
($1,091,800 - $1,013,000)
To discount on bond $17,000
To cash $1,091,800
($1,030,000 × 106%)
(Being retirement of the bonds is recorded)
Answer:
1.42
Explanation:
The fixed asset turnover is a financial ratio that shows how much sales is generated by management for each $1 invested in fixed asset over the period. It is the ratio of sales to average fixed asset.
Average fixed asset is the sum of the beginning and ending fixed asset divided by 2.
Average fixed assets
= ($4.2 + $6.3)/2 (Amount in millions)
= $5.25 million
The company's fixed asset turnover ratio for 2018
= $7.4/$5.2
= 1.42
It means that the company makes a sales revenue of $1.42 for every $1 invested in fixed assets.
Answer:
The average product for the 10 workers is 350 sandwiches per month.
Explanation:
Average product is given by total output divided by total labor used
Total output per month = 3500 sandwiches
Total labor used per month = 10 workers
Average product = 3500 ÷ 10 = 350
Average product for the 10 workers is 350 sandwiches/month
Answer: Hot site
Explanation:
The DR model that Mark is implementing is the hit site. A Hot Site enables a company to continue with its normal business operations, after the occurence of a disaster within a short period of time.
The hot site model is regarded as a fully functional backup site which can be used in the assumption of operations immediately in case when there's failure of the primary location fails.
Nothing much. I’m happy that I got no school today. At least I get to sleep more :)
