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2 years ago

11

A company issues 7% bonds with a par value of $230,000 at par on January 1. The market rate on the date of issuance was 6%. The

bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:

1 answer:

aivan3 [116]2 years ago

8 0

The correct answer is $4,900.

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5. If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year, what is its profit margin

Alika [10]

Answer:

5%

Explanation:

Net income is $15,000

Sales is $300,000

The profit margin can be calculated as follows

= 15,000/300,000

= 0.05×100

= 5%

Profit margin is 5%

7 0

3 years ago

Materials purchased on account during the month amounted to $180,000. Materials requisitioned and placed in production totaled $

Alika [10]

Answer:

Part a. Record the transaction on the day the materials were bought.

Materials Account $180,000 (debit)

Cash $180,000 (credit)

Part b. Record the transaction on the day the materials were requisitioned

Work In Progress $165,000 (debit)

Materials Account $165,000 (credit)

Explanation:

Part a. Record the transaction on the day the materials were bought.

Recognise the Assets of Materials Purchased and Derecognise Cash to depict ouflow of economic benefits

Part b. Record the transaction on the day the materials were requisitioned

De-recognise the Materials applied in Production Process and Recognise the cost in Work In Progress Account

6 0

2 years ago

Questions that would help Tony manage his day-to-day operations? A. What is my best-selling product? B. What is my lowest-sellin

zloy xaker [14]

Answer:

The correct answer is letter "D": A&B.

Explanation:

Managers have several functions within an organization. Among them, they must <em>analyze information </em>-the accounting books of the company- to find out what products have maximized their production process and which ones have not. Besides, they must relate that information to the number of sales the company is processing given a certain period.

Thus, what is the best and low-selling products of a firm are questions that managers must ask to explore its<em> strengths, weaknesses, and opportunities</em>.

4 0

3 years ago

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00

Marina CMI [18]

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= $\frac{1}{2}$ × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = $\frac{1}{2}$ × 4 × (2,000 - 1,700)

or

Deadweight loss = 2 × (3) = $600

Hence,

the correct answer is option (c) $600

4 0

3 years ago

McKay Company sells lamps and they have decided that they would make the price of their lamps 30% more than what it cost the com

julsineya [31]

I believe the answer is $47.50

6 0

3 years ago

Read 2 more answers