On January 1, 2021, Universe of Fun issues $820,000, 7% bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $738,850. Interest is paid semiannually on June 30 and December 31. Required:
Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2015.

Complete the first three rows of an amortization schedule.

Date Cash Paid Interest Expense Increase in carrying Value Carrying Value
01/01/21
06/30/21
12/31/21

An arithmetic progression involves the addition of the same quantity to each number. which might represent the arithmetic growth of agricultural production

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.