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2 years ago

Novak Corp. issued 2,000 8%, 9-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1.

Business

1 answer:

miv72 [106K]2 years ago

7 0

Answer:

Part B.

Dr Interest expense ($2,000,000 * 8%) $160,000

Cr Interest payable $160,000

Part C.

Dr Interest payable $160,000

Cr Cash $160,000

Explanation:

On Jan 1, 2022, the bond issued would be recorded as under:

Dr Cash (2000 bonds * $1000 par value) $2,000,000

Cr Bonds payables $2,000,000

On Dec 31, 2022, the interest accrued would be recorded as under:

Dr Interest expense ($2,000,000 * 8%) $160,000

Cr Interest payable $160,000

On Jan 1, 2023, the payment of the interest would be recorded as under:

Dr Interest payable $160,000

Cr Cash $160,000

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Perform a goal seek analysis to find a packing weight that will bring the shipping weight of the retro fit clothing set down to

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Answer:

In the product Lookup worksheet, cell F5 should contain the number generated by the Goal Seek analysis.

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2 years ago

A furniture cabinet maker produces two types of cabinets that house and hide plasma televisions. The Mission-style

oee [108]

Answer:

The maximum profit is $72,800 with 80 cabinets of Mission-style and no cabinets of Rustic-style to be used

Explanation:

Let the furniture cabinet maker produce x Mission-style cabinets and y Rustic-style cabinets

Objective function: Maximize profits

Profit yielded by a Mission-style cabinet = $910

Profit yielded by x Mission-style cabinets = $910 * (x)

Profit yielded by a Rustic-style cabinet = $1200

Profit yielded by y Rustic-style cabinet = $1200 * (y)

Objective function: Max (910x + 1200y)

Subjected to Constraints

Labor Hours: No of hours required to produce a Mission-style cabinet =15

No of hours required to produce a Rustic-style cabinet =20

Total Labor Hours = 1200

Constraint 1) 15*(x) + 20*(y) = 1200

Budget = $30,000

Cost of materials for a Mission-style cabinet =$340

Cost of materials for a Rustic-style cabinet =$430

Constraint 2) 340*(x) + 430*(y) <= 30000

Constraint 3) x and y >= 0

Put these constraints in Excel solver, we obtain the maximum profit as $72,800 with 80 cabinets of Mission-style and no cabinets of Rustic-style to be used

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2 years ago

Many apartment-complex owners are installing water meters for each apartment and billing the occupants according to the amount o

kondor19780726 [428]

Answer:

<h2>The law of diminishing marginal utility and law of demand explain the decline in water usage by the residents or occupants,in this case.</h2>

Explanation:

In Microeconomic Theory,the law of diminishing marginal utility basically states that as a rational consumer or buyer consumes additional or one more unit of any product or service,the incremental or additional utility or satisfaction obtained from that per unit consumption or purchase decreases progressively.
Now,law of diminishing marginal utility has a conceptual connection with law of demand,which denotes the inverse or negative relationship between price of any normal good or service and its consumer demand.It implies that as price of any normal good or service increase,its consumer demand decreases and vise versa.
Now,observe that according to law of diminishing marginal utility,the additional or incremental consumer utility or satisfaction declines for per unit consumption,which essentially implies that the additional or marginal value of any normal product or service that the consumer is willing to pay decreases as he or she increases the consumption level.
Therefore,the willingness to pay for any consumer decreases progressively as he or she increases consumption level.This also explains that to increase the consumption level of any buyer or consumer,the product or service price has to decrease and vise versa.
In this case,as the residents use more units of water,the marginal utility or satisfaction obtained by the residents declines increasingly and so does the value they are willing to pay for more water usage.Now,installation of water meters compels the residents to pay for every unit of water they use and since the marginal utility of water drops with each unit of water usage,the price that the residents are willing to pay also drop for each additional unit of water that they use. In other words,the residents don't want to pay more and thus,they restricted their water usage.Therefore,the water usage also declined following the installation of water meter.

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2 years ago

A toll tunnel has decided to experiment with the use of a debit card for the collection of tolls. Initially, only one lane will

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Answer:

expect the customer to wait = 6.74 sec

1 car would expect to see in the system.

Explanation:

given data

arrive rate λ = 300 per hour

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solution

L(q) = 300² ÷ ( 2 × 720 (730-300) )

L(q) = 0.1453

L(q) = 2.0833

and

L(s) = 0.1453 + 300/720

L(s) = 0.5619 W(s)

expect the customer to wait = 0.5619 ÷ 300

expect the customer to wait =0.001873

expect the customer to wait = 6.74 sec

and

L(s) 0.5619 = 1 cars

so 1 car would expect to see in the system.

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2 years ago

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Answer:

Learning curve

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Reference is made to the time and cost with respect to the fact that the proposed system is about the same size as others. Learning curve theory teaches to identify cost and time in relation to specific jobs

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2 years ago