Benson industries, inc. issued $2,000,000 of 8% debentures on may 1, 2001 and received cash totaling $1,774,526. the bonds pay interest semiannually on may 1 and nov. 1. the maturity date on these bonds is nov. 1, 2009. the firm uses the effective interest method of amortizing discounts and premiums. the bonds were sold to yield an effective interest rate of 10%. show all calculations. 1) prepare all journal entries for 2001 2) prepare a partial balance sheet showing the presentation of the bonds and the interest payable at dec. 31, 2001

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?

Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery. can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.