Answer:
69
Explanation:
i think its 69
What are the benefits of the DG PickUp
program? (Select all that apply.)
Drives sales
Maintains Dollar General's competitiveness
Decreases shrink
Adds value and convenience for our customers
Limits customer interactions
PLEASE HELP
Answer:
Drives sales
Maintains Dollar General's competitiveness
Adds value and convenience for our customers
Explanation:
Dollar General Buy is a program which enables customers to shop online from the store and discount coupons can be used with the purchase. It drives sales of the store as it provides convenience to the customers and maintains their records.
andy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold 450 650 800 Total costs Variable costs $ 63,000 $ 91,000 $ 112,000 Fixed costs $ 187,200 $ 187,200 $ 187,200 Total costs $ 250,200 $ 278,200 $ 299,200 Cost per unit Variable cost per unit $ 140.00 $ 140.00 $ 140.00 Fixed cost per unit 416.00 288.00 234.00 Total cost per unit $ 556.00 $ 428.00 $ 374.00 Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 700 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500.) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit.
Answer:
Results are below.
Explanation:
To calculate the break-even point in units and dollars, we need to use the following formulas:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 187,200 / (500 - 140)
Break-even point in units= 520
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 187,200 / (360 / 500)
Break-even point (dollars)= 187,200 / 0.72
Break-even point (dollars)= $260,000
Now, to calculate the margin of safety for 700 units, we need to use the following formulas:
Margin of safety= (current sales level - break-even point)
Margin of safety= (700*500) - 260,000
Margin of safety= $90,000
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= 90,000 / 350,000
Margin of safety ratio= 0.2571
Finally, the desired profit is $110,000:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (187,200 + 110,000) / 360
Break-even point in units= 826
g An investment bank agrees to underwrite an issue of 5 million shares of stock for Longard Corp. (1). If the investment bank underwrites the stock on a firm commitment basis, it agrees to pay $15 per share to Longard Corp. for the 5 million shares of stock. It can then sell those shares to the public for $20 per share. How much money does Longard Corp. receive
Answer:
Longard Corp.
The money that Longard Corp. receives is:
= $75 million.
Explanation:
a) Data and Calculations:
Number of shares issued = 5 million
Investment bank underwriter pays per share to Longard Corp = $15
Stock price to the public = $20 per share
Total amount received from the underwriter = $75 million ($15 * 5 million)
b) The calculations show that the investment bank will eventually receive $100 million ($20 * 5 million) from the public offer. It then charges $5 per share (representing a total underwriting fee of $25 million). This is why it remits only $75 million to Longard Corp.
Hyde Boats purchased machinery on January 1 at a list price of $295,000, with credit terms 3/10, n/30. Payment was made within the discount period. Hyde Boats paid $17,700 sales tax on the machinery, and paid installation charges of $3,900. Hyde Boats also paid $15,900 to pour a concrete base that was necessary to place the machinery in service.
What is the total cost of the new machinery?
A. $332.500
B. $323.650
C. $307.750
D. $319.750
Answer:
Total purchase price= $323,650
Explanation:
Giving the following information:
Purchase price= $295,000
Installation= $3,900
Concrete for installation= $15,900
The total cost of the machine includes the purchase price and all costs required to put it into operation. Taxes are part of the purchase cost.
First, we need to calculate the net cash discount:
Net discount= 295,000 * 0.03= $8,850
Now, the total purchase price:
Total purchase price= (295,000 - 8,850) + 17,700 + 3,900 + 15,900
Total purchase price= $323,650
Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $3.00 a share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn a return of 15.80 percent on your equity investments
Answer:
You are willing to pay $18.99 for one share of this stock.
Explanation:
This can be calculated using the following formula:
P = d / r .............................. (1)
Where;
P = price per share = ?
d = annual dividend per share = $3.00
r = equity investments return = 15.80%, or 0.1580
Substituting the values into equation (1), we have:
P = $3.00 / 0.1580
P = $18.99
Therefore, you willing to pay $18.99 for one share of this stock.
Match the cause for the negatively sloped aggregate demand curve with the correct term.
1. As prices rise, the cost for businesses to finance new equipment increases, causing a drop in quantity demanded of real GDP.
2. The purchasing power of money held in savings accounts falls as prices rise.
3. As prices rise in the United States, foreigners purchase fewer U.S. goods.
OPTIONS:
a. The Aggregate Demand Effect
b. The Wealth Effect
c. The Interest Rate Effect
d. The Export Effect
Answer:
1. C
2. B
3. D
Explanation:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).
The various factors that have an effect on the GDP of a country's economy are;
1. The Interest Rate Effect: As prices rise, the cost for businesses to finance new equipment increases, causing a drop in quantity demanded of real GDP.
2. The Wealth Effect: The purchasing power of money held in savings accounts falls as prices rise.
3. The Export Effect: As prices rise in the United States, foreigners purchase fewer U.S. goods.
Find the sum of the series 2 + 5 + 8 + ... + 182
Answer:
first term(a)=2
common diff.(d)=5-2=3
lqst term(l)=182
sum of terms (sn)=?
Explanation:
we have,
l=a+(n-1)d
182=2+(n-1)×3
182-2=3n-3
180=3n-3
180-3=3n
177=3n
177÷3=n
59=n
n=59
i hope this solve help you
"Dan Druff Shampoo has 1,000,000 shares of common stock authorized with a par of $1 per share, of which 500,000 shares are outstanding. When the market value was $9 per share, Druff issued a stock dividend by which for each ten shares held, one share was issued as a stock dividend. The par per share did not change. What entry did Druff record for this transaction?"
Answer:
Debit : Dividends $50,000
Credit : Cash $50,000
Explanation:
Dividend calculation = 500,000 shares x $1 x 1/10 = $50,000
To record the dividend, the following entry is made :
Debit : Dividends $50,000
Credit : Cash $50,000
Who is more likely to object to a proposed 1 percentage point increase in the city sales tax—the owner of a local liquor store or the owner of a local video rental store? Why?
Answer:
The owner of a local liquor store.
Explanation:
Rentals are not taxed in some places.
How is paid wages and outstanding wages treated in accounting equation.
Answer:
Paid wages will reduce the net income as an expense. Net income becomes Retained earnings which are added to Equity. Paid wages will therefore reduce the Equity in the accounting equation.
Outstanding wages however, will be transferred to a liability account to show that the company owes those wages. This will therefore increase the liabilities in the accounting equation.
Main Street Ice Cream Company uses a plant-wide allocation method to allocate overhead based on direct labor-hours at a rate of $2 per labor-hour.
Strawberry and vanilla flavors are produced in Department SV.
Chocolate is produced in Department C.
Sven manages Department SV and Charlene manages Department C. The product costs (per 1,000 gallons) follow:
Strawberry Vanilla Chocolate
Direct labor $755 $830 $1,130
Raw materials 805 505 605
Required:
a) If the number of hours of labor per 1,000 gallons is 56 for strawberry, 66 for vanilla and 100 for chocolate, compute the total cost of 1,000 gallons of each flavor using plant-wide allocation.
Total Cost
Strawberry
Vanilla
Chocolate
b) Charlene's department uses older, outdated machines. She believes that her department is being allocated some of the overhead of Department SV, which recently bought state-of- the-art machines.
After she requested that overhead costs be broken down by department, the following information was discovered:
Department SV Department C
Overhead $75,750 $14,274
Machine-hours 25,250 36,500
Labor-hours 25,250 18,300
Using machine-hours as the department allocation base for Department SV and labor-hours as the department allocation base for Department C, compute the allocation rate for each.
(Round your answers to 2 decimal places.)
Allocation Rate
Department SV per machine hour
Department C per labor hour
Answer:
Results are below.
Explanation:
A) Predetermined overhead rate= $2 per direct labor hour
The product costs (per 1,000 gallons) follow:
Strawberry Vanilla Chocolate
Direct labor $755 $830 $1,130
Raw materials $805 $505 $605
Direct labor hours:
56 for strawberry
66 for vanilla
100 for chocolate
We can calculate the total cost for 1,000 gallons for each flavor:
Strawberry:
Total cost= 755 + 805 + 56*2
Total cost= $1,672
Vanilla:
Total cost= 830 + 505 + 66*2
Total cost= $1,467
Chocolate:
Total cost= 1,130 + 605 + 100*2
Total cost= $1,935
b) To calculate the activities rates, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Department SV:
Activity rate= 75,570 / 25,250= $3 per machine hour
Department C:
Activity rate= 14,274 / 18,300= $0.78 per direct labor hour
When adjusting accrual earnings to obtain cash flows from operations, A. an increase in Accounts Payable is added to determine cash flow from operations. B. it is not necessary to consider any changes to Accounts Payable. C. an increase in Accounts Payable is deducted to determine cash flows from operations. D. a decrease in Accounts Payable is added to determine cash flow from operations.
Answer: A. an increase in Accounts Payable is added to determine cash flow from operations.
Explanation:
We should note that accounts payable refer to the amounts that the company pays to its suppliers, therefore the sum of the the total amount that's owed to the suppliers will be shown on the balance sheet of the company as accounts payable.
Therefore, when adjusting accrual earnings to obtain cash flows from operations, an increase in accounts payable is added to determine cash flow from operations.
"Coffee Klatch is an espresso stand in a downton office building. The average selling price of a cup of coffee is $1.49 and the avergage variable expense per cup is $0.36. The avergage fixed expense per month is $1,300. How many cups of coffee would have to be sold to attain target profits of $2,500 per month?"
Answer:
3363 cups of coffee
Explanation:
Given that the average selling price of a cup of coffee is $1.49 and the avergage variable expense per cup is $0.36 and average fixed expense per month is $1,300
The target profit is the difference between the total selling price and the total cost.
Let the number of units to be sold to make a target profits of $2,500 be T
The total cost will be
= 0.36T + 1300
The total sales
= 1.49T
Hence
1.49T - 0.36T - 1300 = 2500
1.13T = 2500 + 1300
1.13T = 3800
T = 3800/1.13
= 3362.83
Hence the company must sell about 3363 cups of coffee to make the target profit
Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information for its year ended December 31, 2020. Inventory Quantity Unit Cost Unit NRV Furniture 200 $85 $100 Electronics 50 $400 $300 Calculate the value of Home Furnishings ending inventory using their methodology described above.
Answer:
1.$37,000
2.$32,000/
Explanation:
1. Calculation to the Cost of ending inventory before any adjustment
Inventory Quantity Unit Cost Total cost
Furniture 200* $85 = $17,000
Electronics 50* $400= $20,000
Cost of ending inventory before any adjustment =$37,000
Therefore the Cost of ending inventory before any adjustment will be $37,000
2. Calculation to determine the ending inventory using the lower of cost and net realizable value.
Inventory Quantity Unit NRV
Furniture 200* $100 =$20,000
Electronics 50* $300= $15,000
Total cost of ending inventory using lower of cost and net realizable value (NRV) $32,000
Therefore the ending inventory using the lower of cost and net realizable value will be $32,000
A privately owned summer camp for youngsters has the following data for a 12-week session: Charge per camper Fixed costs Variable cost per camper Capacity $480 per week $192,000 per session $320 per week 200campers (a) Develop the mathematical relationships for total cost and total revenue. (b) What is the total number of campers that will allow the camp to just break even
Answer:
Results are below.
Explanation:
Giving the following information:
Fixed costs= $192,000
Unitary variable cost= $320 per week
Selling price per unit= $480 per week
To calculate the total cost, we need to use the following formula:
Total cost= fixed costs + unitary variable cost*number of units
Total cost= 192,000 + 320*number of weeks
Now, the total revenue:
Total revenue= selling price per week*Number of weeks
Total revenue= 480*x
Finally, the break-even point in units:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 192,000 / (480 - 320)
Break-even point in units= 1,200 campers
Information concerning a product produced by Ender Company appears here: Sales price per unit $ 164 Variable cost per unit $ 94 Total annual fixed manufacturing and operating costs $ 434,000 Required Determine the following: Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to earn a profit of $182,000. Determine the margin of safety in units, sales dollars, and as a percentage.
Answer:
Results are below.
Explanation:
To calculate the unitary contribution margin, we need to use the following formula:
Contribution margin= selling price - unitary variable cost
Contribution margin= 164 - 94
Contribution margin= $70
Now, to determine the break-even point in units and sales dollars, we need to use the following formulas:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 434,000 / 70
Break-even point in units= 6,200
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 434,000 / (70 / 164)
Break-even point (dollars)= $1,016,800
The desired profit is $182,000:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (434,000 + 182,000) / 70
Break-even point in units= 8,800
Finally, the margin of safety in units, sales dollars, and as a percentage:
Margin of safety (units)= (current sales level - break-even point)
Margin of safety (units)= 8,800 - 6,200
Margin of safety (units)= 2,600
Margin of safety (dollars)= (8,800*164) - 1,016,800
Margin of safety (dollars)= $426,400
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= 426,400 / 1,443,200
Margin of safety ratio= 0.295
Consider this data for Marston Manufacturing Company and use it to complete the table:
Selected Financial Data for
Marston Manufacturing Company
Average cash $57,813
Average accounts payable $320,000
Average accounts receivable $1,387,500
Average inventories $693,750
Average cash sales $4,625,000
Average credit sales $13,875,000
Average cost of goods sold $8,325,000
Average number of days per year 365 days
Inventory conversion period 30.42 days
Payables deferral period days
Receivables conversion period
Operating cycle 66.92 days
Cash conversion cycle 52.89 days
Answer and Explanation:
The computation is shown below:
Payable Deferral Period = 365 ÷ Payable turnove ratio
where,
Payables Turnover Ratio = Average Cost of Goods Sold ÷ Average Accounts Payable
= ($8,325,000 ÷ $320,000)
= 26.02
Now payable deferral period is
= 365 ÷ 26.02
= 14.02 days
And, the receivables conversion period is
= 365 ÷ receivable turnover ratio
where
Receivables Turnover Ratio = Average credit sales ÷ Average Accounts receivable
= ($13,875,000 ÷ $1,387,500)
= 10
Now receivable turnover period is
= 365 ÷ 10
= 36.50 days
the path a product takes from product to final user is called what?
Answer:
distribution channel
Explanation:
A marketing channel consists of the people, organizations, and activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products get to the end-user, the consumer; and is also known as a distribution channel.
On January 1, 2020, Castaway Corp. issued 5,000 shares of preferred stock ($15 par value) at $45 per share. Each share of preferred stock is redeemable at the option of the stockholder at $45 per share. On September 1, 2020, preferred shareholders holding 1,000 shares of preferred stock redeemed their stock.
The entry recorded by Castaway Corp. on September 1, 2020, would include the following:
A. No net change to stockholdersâ equity.
B. A decrease to retained earnings for $5,000.
C. A decrease to assets for $45,000.
D. No net change to preferred stock outstanding.
Answer: C. A decrease to assets for $45,000.
Explanation:
When shareholders redeem their stock, the company pays them for the redeemed stock at a certain price which in this case is $45.
The total cost of redemption is therefore:
= 45 * 1,000
= $45,000
The company uses cash to pay for this which is an asset. Assets will therefore reduce by $45,000 which is the amount of cash paid.
Managers need to understand how information flows within the organization, how their organization interacts with other organizations, and how the various parts of the organization interact with one another.
True
False
Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan: service cost: $6.4 million, expected return on plan assets: $1.4 million, actual return on plan assets: $1.2 million, interest cost: $1.6 million, payments to retired employees: $2.2 million, and amortization of prior service cost (created when the pension plan was amended causing a drop in the projected benefit obligation): $1.3 million. What amount should Harvey Hotels report as pension expense in its income statement for the year
Answer:
$7.9 million
Explanation:
Calculation to determine What amount should Harvey Hotels report as pension expense in its income statement for the year
Service cost $6.4 million
Interest cost $1.6million
Expected return on plan assets($1.4million)
Amortization of prior service cost $1.3million
Pension expense $7.9million
Therefore The amount that Harvey Hotels Should report as pension expense in its income statement for the year is $7.9million
A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed costs of $3,000 and desires a target income of $10,000. The sales level in dollars to achieve the desired target income is $ .
Answer:Break-even point (dollars)= $26,000
Explanation:
Answer:
3000 esta es la respuesta
If a clothing manufacturer purchased a computerized sewing machine from an American company, then consumer spending and GDP both increase. investment and GDP both increase. consumer spending increases and GDP decreases. investment increases and GDP decreases. consumer spending and investment both increase.
Answer:
Investment and GDP both increase.
Explanation:
GDP(Gross Domestic Product)can be regarded as the overall value of goods/services that is been manufactured arround geographic boundaries of a particular country at a particular period of time ( year). It gives indication of economics performance. Invest can be regarded as item/asste gotten with hope of giving income to the owner. Hence, from the question, If a clothing manufacturer purchased a computerized sewing machine from an American company, then Investment and GDP both increase.
Your employer, Pointer Media Group of Columbus, Ohio, has had an excellent year, and the CEO, Jeremy Pointer, would like to reward the troops for their hard work with a rustic yet plush winter retreat. The CEO wants his company to host a four-day combination conference/retreat/vacation for his 55 marketing and media professionals with their spouses or significant others at some spectacular winter resort.
One of the choices is Vail, Colorado, a famous ski resort town with steep slopes and dramatic mountain views. As you investigate the options in Vail, you are captivated by the Four Seasons Resort and Residences Vail, a five-star property with an outdoor pool, indoor and outdoor hot tubs, ski-in/ski-out access, a ski concierge, two acclaimed gourmet restaurants, and an amply equipped gym and fitness center. Other amenities include an on-site spa with massage and treatment rooms, a sauna, and facial and body treatments. Bathrooms feature separate bathtubs and showers, double sinks, and bathrobes. For business travelers, the hotel offers complimentary wired high-speed Internet access, complimentary wireless Internet access, and multiline phones as well as the use of two desktop computers.
The website of the Four Seasons Resort and Residences Vail is not very explicit on the subject of business and event facilities, so you decide to jot down a few key questions. You estimate that your company will require about 50 rooms. You will also need two conference rooms (to A/V equipment in the conference rooms, Internet access, and entertainment options for families. You have two periods that would possible: December 16-20 or January 13-17, You realize that both are peak times, but you wonder whether you can get a discounted accommodate 25 participants or more) for one and a half days. You want to know about room rates, conference facilities, You are interested in entertainment in Vail, and in tours to the nearby national parks. Eagle County Airport is 36 miles away rou and you would like to know whether the hotel operates a shuttle. Also, one evening the CEO will want to host a banquet for about 85 people. Mr. Pointer wants a report from you by September 13.
Your Task: Write a well-organized direct request letter or e-mail to Kiersten Dunn, Sales Manager, Four Seasons Resort and Resi dences Vail, One Vail Road, Vail, Co 81657.
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
28 February, 2021
Kiersten Dunn,
Sales Manager,
Four Seasons Resort and Residence Vail,
One Vail Road, Vail,
Co 81657
Subject: Information on 50 rooms and two conference halls that are required for a four-day official retreat.
Dear Kierstenn,
Our Columbus, Ohio-based business, Pointer Media Group, is planning an official retreat in Vail. We liked your property a lot and think it's a good match for our needs. We're looking for dates between December 16 and 20, 2018 and January 13 and 17, 2018. Please share your availability based on our requirements so that we can schedule the retreat.
The retreat will last for four days. There will be some official conference meetings followed by enjoyable activities at the retreat.
Kindly mention the details about your resort as follows:
Availability of 50 rooms and 2 conference halls on the designated date:
Seating capacity of the conference halls:
Room rates and packages offered:
Services offered:
Availability of A/V equipment in conference room:
Access to Internet:
Availability of DVD player/recreation facilities:
Mode of payment accepted:
Toiletries provided:
Corporate discount offered, if any:
We eagerly await your prompt response on this matter. If you need any additional details, please contact us.
Sincerely,
Lily Sethi
HR, Pointer Media Group
36) All of the following are true of the number of days' sales uncollected ratio except: A) Can be used for comparisons between current and prior periods. B) Reflects the liquidity of receivables. C) Is most effective in evaluating the cash sales of a company. D) Measures how much time is likely to pass before the current amount of accounts receivable is received in cash. E) Can be used for comparisons to other companies in the same industry.
Answer:
C) Is most effective in evaluating the cash sales of a company.
Explanation:
A number of days' sales uncollected ratio can be defined as a liquidity ratio that is typically used by investors and creditors to determine or ascertain the number of days left to obtain all account receivable. Thus, it measures the amount of days left for a debtor to pay a credit.
All of the following are true of the number of days' sales uncollected ratio;
I. Can be used for comparisons between current and prior periods.
II. Reflects the liquidity of receivables.
III. Measures how much time is likely to pass before the current amount of accounts receivable is received in cash.
IV. Can be used for comparisons to other companies in the same industry.
Dowlen, Inc., is considering the purchase of a machine that would cost $150,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $23,000. The machine would reduce labor and other costs by $36,000 per year. Additional working capital of $6,000 would be needed immediately. All of this working capital would be recovered at the end of the life of the machine. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to (Ignore income taxes.):
Answer:
$3,663.17
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $150,000 + $6,000 = $156,000
Cash flow in year 1 to 5 = $36,000
Cash flow in year 6 = $36,000 + $23,000 = 59,000
i = 12%
NPV = $3,663.17
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Waupaca Company establishes a $420 petty cash fund on September 9. On September 30, the fund shows $166 in cash along with receipts for the following expenditures: transportation-in, $53; postage expenses, $70; and miscellaneous expenses, $123. The petty cashier could not account for a $8 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory.
Prepare:
1) the September 9 entry to establish the fund.
2) the September 30 entry to reimburse the fund.
3) an October 1 entry to increase the fund to $450.
Answer:
Date Account Debit Credit
Sep 9 Petty cash $420
Cash $420
Sep 30 Merchandise inventory $53
Postage expense $70
Miscellaneous expense $123
Cash shortage $8
Cash $254
Oct 1 Petty cash $30
Cash [450-420] $30
The carrying value of bonds at maturity always equals: Group of answer choices the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium. $0. the amount of cash originally received in exchange for the bonds. the amount of discount or premium. the par value of the bond.
Answer:
d. the par value of the bond.
Explanation:
All the discount or premium would have been amortized at the time of maturity. Only the par value of the bond will be leftover which should be repaid. Hence, the correct answer is option d "par value of the bond"
The carrying value of bonds at maturity is the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium.
To understand this, let's break it down. When a company issues bonds, it receives a certain amount of cash from investors in exchange for the bonds. This initial cash received is an important component of the carrying value. Additionally, if the bonds were initially sold at a discount (below their face value), the discount is amortized over the life of the bond and must be accounted for.
The unamortized discount is added to the initial cash received to calculate the carrying value. On the other hand, if the bonds were sold at a premium (above their face value), the premium is amortized over time and subtracted from the initial cash received to determine the carrying value.
So, the correct answer is option (b). The amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium.
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A company retires its bonds at 105. The face value is $100,000 and the carrying value of the bonds at the retirement date is $103,745. The issuer's journal entry to record the retirement will include a: Group of answer choices Credit to Premium on Bonds. Credit to Bonds Payable. Debit to Premium on Bonds. Credit to Gain on Bond Retirement. Debit to Discount on Bonds.
Answer: Debit to Premium on Bonds.
Explanation:
Face value of bond = $100000
Carrying value of bond = $103745
The issuer's journal entry to record the retirement will include a Debit to Premium on Bonds which will be in the value of ($103745 - $100000) = $3745.
The following data are given for Stringer Company: Budgeted production 967 units Actual production 1,071 units Materials: Standard price per ounce $1.77 Standard ounces per completed unit 12 Actual ounces purchased and used in production 13,238 Actual price paid for materials $27,138 Labor: Standard hourly labor rate $14.29 per hour Standard hours allowed per completed unit 4.7 Actual labor hours worked 5,515.65 Actual total labor costs $84,114 Overhead: Actual and budgeted fixed overhead $1,091,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $154,438 Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is
Answer:
Direct material price variance= $3,706.64 unfavorable
Explanation:
Giving the following information:
Standard price per ounce $1.77
Actual ounces purchased and used in production 13,238
Actual price paid for materials $27,138
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 27,138 / 13,238= $2.05
Direct material price variance= (1.77 - 2.05)*13,238
Direct material price variance= $3,706.64 unfavorable