Several years ago brant, inc., sold $960,000 in bonds to the public. annual cash interest of 7 percent ($67,200) was to be paid on this debt. the bonds were issued at a discount to yield 10 percent. at the beginning of 2013, zack corporation (a wholly owned subsidiary of brant) purchased $120,000 of these bonds on the open market for $141,000, a price based on an effective interest rate of 5 percent. the bond liability had a book value on that date of $820,000. assume brant uses the equity method to account internally for its investment in zack.

a. & b.
what consolidation entry would be required for these bonds on december 31, 2013 and december 31, 2015? (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is: