Business, 21.12.2021 06:30 hopechinn6646
30-On January 1, 2020 Planet Corporation issued $12,000,000 of 4% annual interest, 10-year bonds at 100 (at par value). Interest is to be paid semiannually each June 30 and December 31. The journal entry to record the issuance of the bonds would be:
a. Debit Cash and credit Bonds Payable both for $12,000,000.
b. Debit Cash $7,200,000, Debit Interest Expense $4,800,000 and credit Bonds Payable for $12,000,000.
c. Debit Cash and credit Interest Expense both for $12,000,000.
d. Debit Interest Expense and credit Bonds Payable both for $12,000,000.
e. Debit Interest Payable and credit Bonds Payable both for $12,000,000
Answers: 2
Business, 21.06.2019 20:20, ktenz
Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?
Answers: 1
Business, 22.06.2019 19:20, cathydaves
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:
Answers: 1
Business, 22.06.2019 23:50, yatayjenings12
Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer
Answers: 1
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