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DochEvi [55]
3 years ago
10

The LIFO reserve is the difference between the inventory valuation as reported under: Multiple choice question. LIFO and the amo

unt that would have been reported under weighted-average. FIFO and the amount that would have been reported under LIFO. weighted-average and the amount that would have been reported under LIFO. LIFO and the amount that would have been reported under FIFO.
Business
1 answer:
Mnenie [13.5K]3 years ago
5 0

Answer:

One Of Them, I Think, Is Called The LIFO reserve

Explanation:

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Midwest Agri-Products Corporation offers to sell its sugar substitute to Nice Candies, Inc., only if Nice Candies agrees to buy
elixir [45]

Answer:

a tying arrangement

Explanation:

Based on the information provided within the question it can be said that this scenario is illustrating a tying arrangement. This term refers to when a supplier/individual sells a product to another company/individual only on the condition that they purchase another specific product from them and not the competition. Which is what Midwest Agri is doing by selling it's sugar substitiute to Nice Candies but only if they agree to purchase the corn that they need from them and not their competitors.

If you have any more questions feel free to ask away at Brainly.

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3 years ago
William wants to have a total of $8000 in two years so that he can put a hot tub on his deck. He finds an account that pays 5% i
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He needs to put 7600
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3 years ago
Bachelor’s degrees are typically earned in _____.
WARRIOR [948]

Answer:

A bachelor degree is typically earned between 3 and 4 years. Many schools require students to complete about 40 courses or 120 credit hours.

8 0
2 years ago
Read 2 more answers
a new hockey arena at a cost of $2,500,000. It received a downpayment of $500,000 from local businesses to support the project a
mylen [45]

Answer:

a. Prepare the journal entry to record the issuance of the bonds on January 1, 2018

we must first determine the market price of the bonds:

PV of face value = $2,000,000 / (1 + 5%)²⁰ = $753,778.97 ≈ $753,779

PV of coupon payments = $110,000 x 12.462 (PV annuity factor, 5%, 20 periods) = $1,370,820

market value of the bonds = $753,779 + $1,370,820 = $2,124,599

January 1, 2018, bonds are issued at a premium

Dr Cash 2,124,599

    Cr Bonds payable 2,000,000

    Cr Premium on bonds payable 124,599

b. Prepare a bond amortization schedule up to and including January 1, 2022

since we are not told which amortization method to use, I will use the straight line method.

Date           Interest        Cash              Premium          Carrying

                  expense      paid               amortization     value

7/2018        $103,770     $110,000       $6,230             $2,118,369

1/2019         $103,770     $110,000       $6,230             $2,112,139

7/2019        $103,770     $110,000       $6,230             $2,105,909  

1/2020        $103,770     $110,000       $6,230             $2,099,679    

7/2020       $103,770     $110,000       $6,230             $2,093,449

1/2021         $103,770     $110,000       $6,230             $2,087,219  

7/2021        $103,770     $110,000       $6,230             $2,080,989                              

1/2022        $103,770     $110,000       $6,230             $2,074,759                                

c. Prepare the journal entries to record the interest payments on January 1, 2020 and January 1, 2021.

bond premium amortization per coupon = 124,599 / 20 = $6,229.95 ≈ $6,230

January 1, 2020, coupon payment

Dr Interest expense 103,770

Dr Premium on bonds payable 6,230

    Cr Cash 110,000

January 1, 2021, coupon payment

Dr Interest expense 103,770

Dr Premium on bonds payable 6,230

    Cr Cash 110,000

d. Prepare the journal entry to record the bond called on January 2021 at 106

Dr Bonds payable 2,000,000

Dr Premium on bonds payable 87,219

Dr Loss on retirement of debt 32,781

    Cr Cash 2,120,000

5 0
3 years ago
3. There a number of market entry strategies that businesses use in entering into markets outside their countries. a) Distinguis
sattari [20]

Answer:

a) Distinguish between the use of Franchising and Joint Venture as modes of entry into other countries by global businesses.

Franchising consists in the licensing of aspects of production and intellectual property to a another party: the franchise.

A Joint Venture is a business union between two or more parties, in which they split profit as well as costs and responsabilities.

b) What are the respective advantages and disadvantages of both strategies?

Franchising can be a quicker way to expand into foreign markets. The flexibility of the method, and the lower capital requirements are the reason why. This can be seen in the success that American fast-food brands have had using this method to expand in global markets.

A Joint-Venture can be more difficult to use for market expansion, however, it can be more profitable, because the profit will not be split among as many parties as in franchising, and more importantly, the firm maintains a higher control of the operation.

7 0
3 years ago
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