Answer:
$2,400
Explanation:
Calculation for the residual income for Hisjum631 for the period
First step is to calculate the ROI Using this formula
ROI = Net operating income ÷ Average operating assets
Let plug in the formula
0.22 = Net operating income ÷ $40,000
Net operating income = 0.22× $40,000
Net operating income = $8,800
Now let calculate the Residual income using this formula
Residual income = Net operating income − (Average operating assets × Minimum required rate of return)
Let plug in the formula
Residual income= $8,800 − ($40,000 × 0.16)
Residual income= $8,800 − $6,400
Residual income= $2,400
Therefore the residual income for Hisjum631 for the period (closest to) $2,400
Which of the following statements about adjustments is correct? Multiple Choice Accrued wages are wages owed, but not yet paid, to employees; the accrued wages will need to be recorded with an adjusting entry that increases expenses. When making an adjustment to recognize supplies used in a period, total assets will not change. Deferral adjustments are used to update amounts that have been previously deferred on the income statement. Depreciation is an example of an accrual adjustment.
Answer:
The Statement that is correct about adjustments is:
Accrued wages are wages owed, but not yet paid, to employees; the accrued wages will need to be recorded with an adjusting entry that increases expenses.
Explanation:
Unpaid wages are adjusted with a debit to the Wages Expense account, which increases the account, and a credit to the Wages Payable account, which also increases the account by the same amount. The purpose of this accrual adjustment is to ensure that the amount reported as Wages Expense is the actual expense incurred for Wages, whether actually paid or not, and thus report the accurate net income and liabilities for the period.
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $29,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Additionally, a $49 check written and recorded by the company correctly, was recorded by the bank as a $94 deduction. The adjusted cash balance per the bank records should be:
Answer:
The adjusted cash balance per the bank records should be $29,406
Explanation:
Adjusted Balance is the money that a business or individual should have in the bank account assuming all the entries made in the cash book are correct.
As Bank deducted $45 ( $94 - $49 ) more in respect of check written. Check written is a deduction which is made against the payment against the check written.
Balance as per bank statement ___ $29,361
Add: Correction of error ($94 - $49)_$45
Adjusted Cash Balance _________ $29,406
Budgeting, ethics, pharmaceutical company. Chris Jackson was recently promoted to Controller of Research and Development for BrisC or, a Fortune 500 pharmaceutical company that manufactures prescription drugs and nutritional supplements. The company’s total R& ; D cost for 2017 was expected (budgeted) to be $5 billion. During the company’s midyear budget review, Chris realized that current R& ; D expenditures were already at $3.5 billion, nearly 40% above the midyear target. At this current rate of expenditure, the R& ; D division was on track to exceed its total year-end budget by $2 billion!
In a meeting with CFO Ronald Meece later that day, Jackson delivered the bad news. Meece was both shocked and outraged that the R&D spending had gotten out of control. Meece wasn’t any more understanding when Jackson revealed that the excess cost was entirely related to research and development of a new drug, Vyacon, which was expected to go to market next year. The new drug would result in large profits for BrisCor, if the product could be approved by year-end. Meece had already announced his expectations of third-quarter earnings to Wall Street analysts. If the R&D expenditures weren’t reduced by the end of the third quarter, Meece was certain that the targets he had announced publicly would be missed and the company’s stock price would tumble. Meece instructed Jackson to make up the budget shortfall by the end of the third quarter using "whatever means necessary." Jackson was new to the controller’s position and wanted to make sure that Meece’s orders were followed. Jackson came up with the following ideas for making the third-quarter budgeted targets:
1. Stop all research and development efforts on the drug Vyacon until after year-end. This change would delay the drug going to market by at least 6 months. It is possible that in the meantime a BrisCor competitor could make it to market with a similar drug.
2. Sell off rights to the drug Martek. The company had not planned on doing this because, under current market conditions, it would get less than fair value. It would, however, result in a one-time gain that could offset the budget shortfall. Of course, all future profits from Martek would be lost. Capitalize some of the company’s R&D expenditures, reducing R&D expense on the income statement. This transaction would not be in accordance with GAAP, but Jackson thought it was justifiable because the Vyacon drug was going to market early next year. Jackson would argue that capitalizing R&D costs this year and expensing them next year would better match revenues and expenses.
3. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management,"
4. Which of the preceding items are acceptable to use? Which are unacceptable? What would you recommend Jackson do?
Answer:
BrisCor
Budgeting, ethics, pharmaceutical company
a. Referring to the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management,"
none of the preceding items are acceptable to use.
b. I would recommend Jackson to go ahead with the R&D throughout the year to ensure that the drug Vyacon was successfully brought to the market next year before the competitor. He can try to keep to the budget going forward. A budget remains a budget and not the actual. Budget overrun can result. What is important is its effectiveness in achieving business goals.
Explanation:
The announced expectations of third-quarter earnings to Wall Street analysts should not prevent the R&D on the drug Vyacon from continuing, provided Jackson is certain that the envisaged success would be attained. They remain expectations. They are not the actual results of operations for the year. Even if the company's stock price would tumble, it would still recover after the drug had received approval and gone to market, raking in large profits. After all, the projected increase in R&D cost might not result, and the drug Vyacon could be fully developed and ready for the market before year-end, thereby not exceeding its budget.
Sraibn271 Corporation has two divisions: Domestic Division and Foreign Division. Last month, the corporation reported a contribution margin of $46,400 for Domestic Division. Foreign Division had a contribution margin ratio of 35% and its sales were $243,000. Net operating income for the Sraibn271 Corporation was $36,800 and traceable fixed expenses were $51,000.
(ID#19361)
What were Sraibn271 Corporation's common fixed expenses?
a) $131,450
b) $43,650
c) $51,000
d) $94,650
Answer: b) $43,650
Explanation:
Contribution margin of Domestic division + contribution margin of Foreign division - traceable fixed cost - common fixed cost = Net operating income for company
46,400 + (0.35 * 243,000) - 51,000 - Common = 36,800
80,450 - Common = 36,800
Common = 80,450 - 36,800
= $43,650
Data for Yvavxs408 Corporation and its two divisions, Domestic and Foreign, appear below:
Sales revenues, Domestic $620,000
Variable expenses, Domestic $359,700
Traceable fixed expenses, Domestic $ 74,100
Sales revenues, Foreign $478,400
Variable expenses, Foreign $273,000
Traceable fixed expenses, Foreign $ 61,900
(ID#54797) In addition, Yvavxs408's common fixed expenses totaled S167.800 and were allocated as follows: 587,100 to the Domestic division and $80.700 to the Foreign division
What is the segment margin for the Domestic division?
Answer:
Segment margin Domestic = $186,200
Explanation:
Giving the following information:
Sales revenues= $620,000
Variable expenses= $359,700
Traceable fixed expenses= $74,100
To calculate the segment margin for the Domestic division, we need to use the following formula:
Segment margin Domestic = segment contribution margin - traceable fixed expense
Segment margin Domestic = (620,000 - 359,700) - 74,100
Segment margin Domestic = $186,200
ok but seriously don't click on the site in the comments...unless you want to
Answer:
Thanks?
Explanation:
Jeff and Riley were married for 35 years when Riley died in July of 2016. The couple have two children who are 6 and 10 years old. Which of the following applies to Jeff regarding filing status?a) Jeff can file using any status he wants for the next 3 yearsb) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 and 2018c) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2016 onlyd) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 only
Answer:
(D) I think
Explanation:
When your husband or spouse dies,you file as a widower. If he has children he could get extra benefits because he can file his kids as a Dependent on his Taxes.
Hope this helps:)!
Stay beautiful ❤️
With Riley having died in 2016, the procedure would be that b) Since Jeff’s spouse died during the year, he may be entitled to the special qualifying widower with dependent child benefits for tax year 2017 and 2018.
Special Qualifying WidowerAllows a widower to still fill taxes jointly as a married person for two years after the spouse dies. Can only apply if there is at least a single dependent child.There are two dependent children in this scenario so Jeff qualifies for this filling status. As Riley died in 2016, Jeff's two years would be the years 2017 and 2018.
In conclusion, option B is correct.
Find out more on the special qualifying widower status at https://brainly.com/question/26021534.
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DangGGG
ค้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้ ฏ๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎\ค้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้้ ฏ๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎๎
The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures.
Week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
What is the week with the highest labor productivity?
Answer: Week 6
Explanation:
Labor productivity = Yards installed/ Crew size
Week 1 = 96/4 = 24
Week 2 = 72/3 = 24
Week 3 = 92/4 = 23
Week 4 = 50/2 = 25
Week 5 = 69/3 = 23
Week 6 = 52/2 = 26
Week 6 is highest with 26 yards per crew.
Can we get this to 20 Answers?
Answer:
what is your question ? tell me in the comments plz
Explanation:
If a firm is deciding upon the acceptance of a project with a value of $10,000, and if the client has a good credit history, the firm will most likely use the grid chart in the decision-making process.
a) true
b) false
Answer:
FALSE
Explanation:
The Decision-Making Process includes Identifying the need for a decision, Determining the outcome of the decision, Identifying all alternative actions, the benefits and consequences of each and Making and Evaluating the decision.
Decision-Making Tools includes the use of decision-making grid to differenciate or separates factors of decision to be made, the use of Gantt chart to shows phases of project to completion and Information technology and others.
The grid chart shows the relationship between input and output documents.
The 2014 balance sheet of Steelo, Inc., showed current assets of $3,135 and current liabilities of $1,545. The 2015 balance sheet showed current assets of $3,100 and current liabilities of $1,545.
What was the company’s 2015 change in net working capital, or NWC? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)
Net working capital $
Answer:
-$35
Explanation:
The computation of the change in net working capital is as follows:
Net working capital = current assets - current liabilities
For 2014,
net working capital i s
= ($3,135 - $1,545)
= $1,590
And,
for 2015,
net working capital is
= ($3,100 - $1,545)
= $1,555
So, the change in net working capital is
= ($1,555 - $1,590)
= -$35
You want to be a millionaire when you retire in 40 years. a. How much do you have to save each month if you can earn an annual return of 9.7 percent
Answer:
the amount that saved each month is $173.21
Explanation:
The computation of the amount that saved each month is as follows:
Here we use the PMT formula
Given that
NPER = 40 × 12 = 480
PMT = 9.7% ÷ 12 = 0.81%
PV = $0
FV = $1,000,000
The formula is shown below:
= PMT(RATE;NPER;PV;-FV;TYPE)
The future value comes in negative
After applying the above formula, the pmt is $173.21
Hence, the amount that saved each month is $173.21
who want to do 1v1 lol with me
Answer:
nnm,v xcmnm,bkljmbihutjhuF
Explanation:
Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted)Cost of goods sold $ 30,000 $ 60,000 $ 80,000 $ 50,000 Desired ending inventory levels are 34% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:
Answer:
Budgeted purchases of inventory in February Year 2 would be $69,800
Explanation:
___________CGS _Ending Inventory_Beginning Inventory _ Purchases
Dec. Year 1 _$30,000 _ $20,400 _____ $0 _____________$0
Jan. Year 2 _$60,000 _$27,200 _____ $20,400_________$66,800
Feb. Year 2 _$80,000_ $17,000 ______$27,200_________$69,800
Use following formula to calculate the Purchases
Cost of Goods sold = Beginning Inventory + Purchases - Ending Inventory
Purchases = Cost of Goods sold - Beginning Inventory + Ending Inventory
Placing value of Jan Year 2
Purchases = $60,000 - $20,400 + $27,200 = $66,800
Placing value of Feb Year 2
Purchases = $80,000 - $27,200 + $17,000 = $69,800
Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual receipts of $35 million over the last three years. An online retailer that has average gross annual receipts of $45 million over the last three years. A construction contractor who does not have any outstanding accounts receivable at the end of the tax year. A home improvement store that just began business last year and had $2.7 million in gross receipts.
Answer:
A home improvement store that just began business last year and had $2.7 million in gross receipts.
Explanation:
The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:
Partnership or C corporation with less than $5 million in total sales revenue per yearSole proprietorship or S corporation with less than $1 million in total sales revenueCannot be a publicly traded corporationPersonal service businesses with more than 95% of revenue specifically related to services. Family owned farms with total annual sales revenue less than $25 million.Rorry Company uses a job cost system. Overhead was applied to production using a rate of 78 percent of direct labor costs. What is the journal entry when direct labor costs are $18,000
Answer:
Dr Work in Process Inventory for $14,040
Cr Manufacturing Overhead for $14,040
Explanation:
Based on the information given we were told that the company applied Overhead to production using a rate of 78% of direct labor costs which means that the journal entry when direct labor costs are the amount of $18,000 will be :
Dr Work in Process Inventory for $14,040
Cr Manufacturing Overhead for $14,040
(78%*18,000)
Jill runs a factory that makes lie detectors in Little Rock,Arkansas.This month,Jill's 34 workers produced 690 machines.Suppose Jill adds one more worker and,as a result,her factory's output increases to 700.Jill's marginal product of labor from the last worker hired equals ________.A) 10B) 20C) 690D) 700E) None of the above answers is correct.
Answer:
1077927
Explanation:
*$-$)7794459०२2८जेइकेप्ग्व्व्ज्सोबीओस्क्ब्सु
स्ज्व्ह्जेहेगेओज्स्ज्स ज्श्स्सीज्झ्र्क
On January 1, Year 1, Lowing Company acquired a patent from Generics Research Corporation for $3 million. The legal life of the patent is 20 years, but Lowing expects to use it for 5 years. Pawson Company has committed to purchase the patent from Lowing for $500,000 at the end of that 5-year period. Lowing uses the straight-line method to amortize intangible assets with finite useful lives. What is the amount of amortization expense each year
Answer:
patent amortization expense per year = $500,000 per year
Explanation:
patent amortization expense per year = depreciable value / useful life of the intangible asset
depreciable value = purchase cost - salvage value = $3,000,000 - $500,000 = $2,500,000useful life of the patent = 5 years (the legal life is different than the useful life)patent amortization expense per year = $2,500,000 / 5 years = $500,000 per year
Aikman, Inc., manufactures and sells two products: Product O6 and Product O7.Data concerning the expected production of each product and the expected total direct labor-hours (DLHs)required to produce that output appear below:
The direct labor rate is $17.50 per DLH.The direct materials cost per unit for each product is given below:
The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
The unit product cost of Product O6 is closest to:
A) $637.15 per unit
B) $896.71 per unit
C) $721.00 per unit
D) $661.45 per unit
Question Completion:
Aikman, Inc., manufactures and sells two products: Product O6 and Product O7.Data concerning the expected production of each product and the expected total direct labor-hours (DLHs)required to produce that output appear below:
Expected DLH Total DLH
Production
Product 06 200 9.00 1,800
Product 07 800 10.00 8,000
Total 1,000 9,800
The direct labor rate is $17.50 per DLH.The direct materials cost per unit for each product is given below:
Direct Materials
Costs / unit
Product 06 $206.50
Product 07 $162.30
The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Activity Activity Estimated Product 06 Product 07 Total
Pool Measure Overhead
Labor-related DLHs $133,770 1,800 8,000 9,800
Product orders Orders 18,501 400 300 700
Order size MHs 145,180 3,000 3,100 6,100
Total $297,451
Answer:
Aikman, Inc.
The unit product cost of Product O6 is closest to:
B) $896.71 per unit
Explanation:
a) Data and Calculations:
Product 06 Product 07
Direct Materials costs $206.50 $162.30
Direct labor costs $157.50 $175.00
Overhead cost per unit $532.71 $238.64
Total cost per unit $896.71 $575.94
Product 06 Product 07
Direct labor costs 1,800 8,000
Direct labor rate $17.50 $17.50
Total labor costs $31,500 $140,000
Units of products 200 800
Labor cost per unit $157.50 $175.00
Overhead cost Allocation Product 06 Product 07 Total
Labor-related ($13.65) $24,570 $109,200 $133,770
Product orders ($26.43) 10,572 7,929 18,501
Order size ($23.80) 71,400 73,780 145,180
Total $106,542 $190,909 $297,451
Production units 200 800
Overhead cost per unit $532.71 $238.64
Sandhill, Inc., is launching a new store in a shopping mall in Houston. The annual revenue of the store depends on the weather conditions in the summer in Houston. The annual revenue will be $252,000 in a sizzling summer, with a probability of 0.3, $61,000 in a cool summer with a probability of 0.2, and $170,500 in a normal summer with a probability of 0.5.
What is the expected annual revenue for the store?Expected annual revenue= $
Answer:
$173,050
Explanation:
Expected revenue = 0.3*$252,000 + 0.2*$61,000 + 0.5*$170,500
Expected revenue = $75600 + $12200 + $85250
Expected revenue = $173,050
So, the expected annual revenue for the store is $173,050
RJ Corporation has provided the following information about one of its inventory items:
Date Transaction
1/1 Beginning Inventory
6/6 Purchase
9/10 Purchase
11/15 Purchase
During the year, RJ sold 3,000 units.
Number of Units 400 800 800 1,200 800
Cost per Unit $3,200 $3,600 $4,000 $4,200
What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
a. $880,000.
b. $640,000
c. $770,000.
d. $840,000
Answer:
b. $640,000
Explanation:
The computation of the ending inventory using the periodic inventory system is as follows:
But before that the ending inventory units is
= Beginning inventory units + purchased units - sold units
= 400 + 800 + 1,200 + 800 - 3,000
= 200 units
Now the ending inventory is
= 200 units × $3,200
= $640,000
hence, the ending inventory using the periodic inventory system is $640,000
Therefore the correct option is B
Felipe died on May 9, 2016. At date of death he owned the following assets:• Cash in the bank: $12,000• ABC Bonds: Fair market value $5,000• Office building: Fair market value, $300,000• Stock in Leck Corporation: Fair market value, $10,000• Personal residence (jointly held with his spouse): Fair market value, $160,000.
In addition, accrued rents on the office building to date of death is $24,000; accrued interest on the bonds at date of death is $200; $400 in dividends are outstanding on the Leck stock (date of record April 30, 2016). Felipe's gross estate is $__________.
Answer:
$431,600
Explanation:
Calculation of Gross Estate of Felipe
Items Amount($)
Cash at bank $12,000
ABC BOND $5,000
Office building $300,000
Stock in Leck Corporation $10,000
Personal residence (50% include) $80,000
Accrued rent on office building $24,000
Accrued rent on bond $200
Outstanding dividend $400
Gross estate $431,600
A notary signing agent has been providing signing services with no incidents for over 10 years without undergone a background screning . Therefore. he or she
Answer:
Explanation:
Notary
A three-month forward contract on a stock index is trading at $1000. The current index level is $985.1. Assuming a continuously compounded interest rate of 5%. Additionally, assume that the stock index does not pay any dividends. Which one of the following statements reflects a potential arbitrage strategy:
I. Long the forward contract, short the stock index, and lend at the risk-free rate
II. Short the stock index and lend at the risk-free rate, while entering in a forward contract agree- ment to purchase the asset in three months for $1000.
(a) I alone
(b) II alone
(c) I and II
(d) None of the above
Answer:
d
Explanation:
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Assume that Clark Electronics has a monopoly in the production and sale of a new device for detecting and destroying a computer virus. Clark Electronics currently incurs short-run losses, but it continues to operate.
a. What must be true for Clark to continue to operate in the short run?
b. Draw a correctly labeled graph, and show each of the following for Clark.
i. The profit-maximizing price and output
ii. Area of loss
C. Assume Clark is maximizing profit. What will happen to its total revenue if Clark raises its price? Explain.
d. If demand for the new device increases, explain what will happen to each of the following in the short run.
i. Profit-maximizing output
ii. Total cost
Solution :
c. MC=MR is the profit maximizing equilibrium point. The price rise beyond that is likely to raise the total revenue. But the total cost might increase equally or more then that to nullify or decrease the profit.
d. (i). The demand increase implies that the AR (demand) curve shifts rightwards. This will increase the equilibrium price.
(ii). Change in demand does not affect the total cost.
a. Monopoly might continue to produce in short earn even if its AR < AC. It continues to do so until shut down point. It refers that production continued until average revenue (AR) is greater than equal to the average variable cost (AVC). The monopoly is a market with a single seller.
This market's average revenue (AR) demand curve is above its marginal curve . The curves are downward sloping, illustrating price demand inverse relationship.
Equilibrium quantity : when the marginal revenue = marginal cost
Equilibrium price : equilibrium quantity corresponding price at AR (demand ) curve.
The last five annual dividends for MysteryCorp have been: $1.25, $1.38, $1.49, $1.60, and $1.69. Next year's dividend is expected to be $2. The current stock price is $199 per share. First, calculate the geometric average annual rate of growth based on the historical dividends (taking into account the previous five -- do *not* include next year's expected dividend in this calculation). Your estimate of RE, the cost of equity, is ________%.
Answer:
Re = 8.79%
Explanation:
annual growth rates:
($1.38 - $1.25) / $1.25 = 0.104
($1.49 - $1.38) / $1.38 = 0.078
($1.60 - $1.49) / $1.49 = 0.074
($1.69 - $1.60) / $1.60 = 0.056
geometric growth rate = ⁴√(1.104 x 1.078 x 1.074 x 1.056) - 1 = ⁴√1.34976 - 1 = 1.0779 - 1 = 0.0779 = 7.79%
P₀ = Div₁ / (Re - g)
$199 = $2 / (Re - 0.0779)
Re - 0.0779 = $2 / $199 = 0.01
Re = 0.01 + 0.0779 = 0.0879 = 8.79%
When you are posting your résumé online, be sure to adjust it so it is _____.
one page in length
bold
colorful
cyber-safe
Answer:
I think the answer is one page in length
Explanation:
because when you do a resume you will need to add a length to it beige you post it in.
Which describes a type of tax that people pay on more they earn?
A. Flat tax
B. Income tax
C. Purchase tax
D. Progressive tax
On June 30, Company issues , -year bonds payable with at face value of . The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. Requirement 1. Journalize the issuance of the bonds on June 30. (Record debits first, then credits. Select explanations on the last line of the journal entry.)
Answer:
1. Dr Cash $ 98,000
Dr Discount on Bonds Payable $2,000
Cr Bonds payable $100,000
2. Dr Interest Expense $ 4,050
Cr Discount on Bonds Payable $50
Cr Cash $4,000
Explanation:
1. Preparation of the journal entry for the issuance of the bonds on June 30
Dr Cash $ 98,000
( $ 100,000 x 0.98 )
Dr Discount on Bonds Payable $2,000
($100,000 - $98,000)
Cr Bonds payable $100,000
2. Preparation of the Journal entry to record the semiannual interest payment
Dr Interest Expense $ 4,050
($4,000 + $50 )
Cr Discount on Bonds Payable $50
( $2,000 x 1/40 )
Cr Cash $4,000
($ 100,000 x 8% x 6/12 )