Sugar city issued $2 million of bonds to fund the construction of a new city office building. the bonds have a stated rate of interest of 5% and were sold at 101. which of the following entries should be made in the capital projects fund to record this event?
a) debit cash $2.02 million; credit bonds payable $2 million and premium on bonds payable $.02 million
b) debit cash $2.02 million; credit bonds payable $2 million and other financing sources $.02 million.
c) debit cash $2.02 million; credit other financing sources $2.02 million.
d) debit cash $2.02 million; credit other financing sources $2 million and revenue $.02 million.

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

Danielle enjoy working as in certified public accountant (cpa) and assisting small business and individuals with managing their financial and taxes . which general area of accounting is her specialty ?

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.