Answers
Answer:
Explanation:
The journal entry is shown below:
Bonds Payable A/c Dr. $1,500,000
Loss on Redemption of Bond A/c Dr. $25,100
To Discount on Bonds Payable A/c $70,100
To Cash A/c $1,455,000
(Being the redemption of the bond is recorded)
The loss on redemption of bond would be
= $1,455,000 + $70,100 - $1,500,000
= $25,100
Related Questions
Assume the carrying capacity of the earth is 13 billion. Use the 1960s peak annual growth rate of 2.1% and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. Assume a current population of 6.8 billion. How does the predicted growth rate compare to the actual growth rate of about 1.2% per year?
On Mar 3, L. Lyons withdrew $100 for personal use. Use your knowledge of what a correct journal entry should look like to identify what would be included.
Mrs. Jones offers a reward for the return of her dog Fifi and puts posters advertising the reward all over her neighborhood. Mr. Brown finds and returns Fifi without seeing any of the posters. If Mr. Brown later sees one of the posters and asks Mrs. Jones for the reward money: a. Mrs. Jone will have to pay Mr. Brown the reward money because she made a public offer. b. Mrs. Jones will have to pay Mr. Brown the reward money because she left the posters up after Fifi had already been returned. c. Mrs. Jones will not have to pay anyting to Mr. Brown because the offer was not communicated to him before he returned Fifi. d. Mrs. Jomes will ot need to pay Mr. Brown the reward money because it is a unilateral contract.
<11{1[2(06)06]}> Reporter: A new campaign finance reform bill being considered by Congress would limit the amount of campaign contributions that political candidates can receive. However, a survey of candidates running for mayor, governor, and senate seats shows that not one of them favors the bill. Clearly, there is no desire among politicians to limit campaign contributions. Which one of the following points out the flaw in the reporter’s argument above?
Answers
The investor will pay $ 21,304.88to receive an annuity of $38,820 each year for 10 years at 6% interest compounded continuously.
Given :
Interest on $600,000 worth of bonds = $38,820 per year
No. of years = 10 years
Discount rate = 6%
Compounding interval = Continuous compounding ( as given in the question)
We use the following formula to arrive at the Present Value:
PV = $ 21,304.88
Answers
Answer:
$2,000
Explanation:
The cost incurred by an entity during production may be recognized in two groups namely the fixed costs and the variable cost.
While the fixed cost are cost elements that remain constant at a given range of activity levels, the variable cost change as the activity level (that is the units produced) changes.
The rental cost, supervision and depreciation are cost elements that are fixed.
Hence where 5,000 units were produced, budgeted cost for rent is $2,000.
Final answer:
The budgeted cost for rent would remain at $2,000 even if Laramie, Inc. produces 5,000 units. This is because rent falls under fixed costs, which do not vary with the level of production.
Explanation:
The question is asking for the budgeted costs for rent if 5,000 units were produced by Laramie, Inc. Here, it's important to differentiate between variable costs and fixed costs. Variable costs, including labor and raw materials, increase or decrease with output levels; they vary with the number of units produced. Fixed costs, on the other hand, like rent and depreciation, are expenditures that remain constant regardless of the level of production. From the provided data, we can see that the budgeted fixed overhead for rent is $2,000. This cost does not change with the number of units produced. So, even if 5,000 units are produced, the budgeted cost for rent would still be $2,000.
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B. 10.09%
C. 3.68%
D. 3.76%
Answers
The standard deviation for monthly returns on company A is approximately 8.03%
What is the standard deviation for monthly returns on company A
To calculate the standard deviation of monthly returns, we need to first calculate the monthly returns for the three months of observation. We can do this by using the formula:
Monthly Return = (Current Price - Purchase Price) / Purchase Price
For July 1:
Monthly Return = ($45.19 - $40.97) / $40.97 = 0.103 or 10.3%
For August 1:
Monthly Return = ($49.75 - $40.97) / $40.97 = 0.2143 or 21.43%
For September 1:
Monthly Return = ($51.58 - $40.97) / $40.97 = 0.2589 or 25.89%
Next, we need to calculate the average monthly return (R) over the three months:
R = (10.3% + 21.43% + 25.89%) / 3 = 19.2%
Now, we can calculate the standard deviation (σ) of the monthly returns using the formula:
σ = √ [(Σ (Ri - R)^2) / (n - 1)]
where Ri is the return for the ith month, and n is the number of observations (in this case, n = 3).
Plugging in the values, we get:
σ = √[((10.3% - 19.2%)^2 + (21.43% - 19.2%)^2 + (25.89% - 19.2%)^2) / (3 - 1)]
= √[(94.86 + 3.62 + 35.37) / 2]
= √[(133.85) / 2]
= 8.03%
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Answers
B. Gain, $5,000.
C. Loss, $3,000.
D. Loss, $18,000.
Answers
Answer:
The correct answer is B: gain $5000
Explanation:
Giving the following information:
On January 1, 2016, = commercial truck for $48,000.
straight-line depreciation method.
useful life of eight years.
residual value of $8,000.
On December 31, 2017, Jacob Inc. sold the truck for $43,000.
Depreciation expense per year= (Purchase value - residual value)/8
Depreciation expense per year= (48000-8000)/8=5000
Accumulated depreciation year 2= 5000*2= 10000
To calculate the gain or loss we need to use the following formula:
Gain/loss= price value - book value
Gain/loss= price value - (purchase price - accumulated depreciation)
Gain/loss= 43000 - (48000- 10000)= 5000 gain
Answers
Complete Question:
Which of the following is an objection of using the Consumer Price Index (CPI) to measure changes in the cost of living?
A. The calculated inflation rate is only accurate for an individual who purchases all the goods and services in the basket.
B. The inflation rate is always understated due to substitution bias.
Answer:
Consumer Price Index (CPI)
A. The calculated inflation rate is only accurate for an individual who purchases all the goods and services in the basket.
Explanation:
To obtain the Consumer Price Index (CPI), a predetermined basket of consumer goods and services is obtained. Weights are assigned to the goods according to their relative values in the basket. The price changes are calculated. The resulting figures are averaged to determine the CPI.
Answer:
The calculated inflation rate is only accurate for an individual who purchases all the goods and services in the basket.
Explanation: