How does organizing and decision making are co-related to each other

On January 1, 2021, BBX issued $400,000 of its 8% bonds for $368,000. The bonds were priced to yield 10%. Interest is payable se

Alenkinab [10]

Answer:

the journal entry for recording the issuance of the bonds

January 1, 2021, bond issued at a discount

Dr Cash 368,000

Dr Discount on bonds payable 32,000

Cr Bonds payable 400,000

the journal entry to record first coupon payment

June 30, 2021, first coupon payment

Dr Interest expense 18,400

Cr Cash 16,000

Cr Discount on bonds payable 2,400

amortization of discount = (368,000 x 5%) - 16,000 = 2,400

the journal entry to record second coupon payment

December 31, 2021, second coupon payment

Dr Interest expense 18,520

Cr Cash 16,000

Cr Discount on bonds payable 2,520

amortization of discount = (370,400 x 5%) - 16,000 = 2,520

bonds' carrying value before adjustment = $372,920

bonds' fair value = $370,000

gain on fair value adjustment = $372,920 - $370,000 = $2,920

the journal entry to record the fair value adjustment of bonds

December 31, 2021, adjusting entry for bonds' fair market value

Dr Fair value adjustment 2,920

Cr Unrealized gain on bonds' fair value 2,920

6 0

3 years ago

Muddy's bakery and lily's sweet shop both sell cupcakes. the market price of one chocolate cupcake is $2.50. muddy's is willing

defon

The total producer surplus for the two firms is : $1.60

($2.50 - $1.65) + ($2.50 - $1.75) = $1.60

6 0

4 years ago

Read 2 more answers

Matlock Company uses a perpetual inventory system. Its beginning inventory consists of 54 units that cost $37 each. During June,

Oxana [17]

Answer:

June 1

Debit inventory $5,994

Credit accounts payable $5,994

Being entries to record inventory purchased

June 2

Debit accounts payable $222

Credit purchases returns $222

Being entries to record inventory items returned

June 3

Debit Cost of sales $4,995

Credit Inventory $4,995

Being entries to record the cost of goods sold

For the sale,

Debit Cash account $7,290

Credit revenue account $7,290

Being entries to record sales

Explanation:

In the perpetual system of inventory management/valuation,purchases and sales are immediately recorded in the books. When inventory is purchased, debit inventory and credit cash or accounts payable.

Should there be a reason to return some or all of the items purchased, the entries required are debit cash/accounts payable and credit purchases returns.

When inventory is sold, two sets of entries are required. Based on the the inventory side,

Debit Cost of sales and Credit Inventory.

For the sale, Debit cash account and credit revenue account.

June 1 amount

= 162 * $37

= $5,994

June 2 amount returned

= 6 * $37

= $222

June 3

revenue amount = 135 * $54

= $7,290

Cost of sales amount

= 135 * $37

= $4,995

6 0

3 years ago

The cost of goods sold during the year was $380,000. Inventory increased by $12,000 during the year and accounts payable decreas

murzikaleks [220]

Answer:

$411,000

Explanation:

Cost of goods sold was $380,000

Inventory was increased by $12,000

Accounts Payable was decreased by $19,000

The relationship via direct method of cash flow can be established as:

COGS + Increase in Inventory + Decrease in A/P

$380,000 + $12,000 + $19,000 = $411,000

5 0

3 years ago

You are the manager at a large call center that markets insurance products. Part of your duties is handling internal complaints

svetoff [14.1K]

Answer and Explanation:

Being a manager managing internal and external problems, it will be part of my responsibility to faithfully handle of complaint that is in accordance with the policies and laws of the land of the company. The situations given would be dealt with as follows

(1) In the case of sexual discrimination cases, detailed responses must be obtained from all parties involved. A direct message that abuse at the workplace in the company will not be tolerated would be made to all workers, and directly to the harasser.In fact, management should be aware of the accident in order to take early preventive steps, so that the situation will not get worse.

(2) The condition that needs to be explained by the salesperson who sold the policy in the event of a customer problem. In case he is convicted he must be warned of potential incidents. In accordance with company policy, the buyer may have the option to continue with the policy, cancellation, rewards and other low-cost insurance options may be offered.

(3) In case of customer complaint about the sales person not being sufficiently knowledgeable or certified to sell the product, the customer must be assured that the company employs only authorized sales person. Nevertheless, as a result of the customers' bad experience, a senior sales staff or manager might be recommended to meet with the customer and handle his questions.Furthermore, the sales workers against whom a report has been made should be recommended to upgrade themselves with sufficient information and after discussion with their manager should be considered for retraining.

(4) The employee should be informed on complaint against not being promoted because of age that any discrimination against an individual is against the organisational policies. The complainant's points must be discussed with the manager concerned, and the complainant should be told of the manager's conclusion.

5 0

4 years ago

How does organizing and decision making are co-related to each other​

How does organizing and decision making are co-related to each other