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Darina [25.2K]
1 year ago
7

Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond

s have a carrying value of $990,000. We call these bonds prior to maturity on September 30. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
eduard1 year ago
7 0

Answer and Explanation:

The journal entry is shown below;

Bond payable $1,000,000

Loss on retirement of bond $20,000

           To Discount on bond $10,000

           To Cash $1,010,000

(Being the loss on retirement of bond is recorded)

For recording this we debited the bond payable and loss as it decrease the current liabilities and it increased the losses at the same time it decreased the discount and decreased the cash so the respective accounts are credited

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While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
1 year ago
Read 2 more answers
During its most recent fiscal year, Raphael Enterprises sold 380,000 electric screwdrivers at a price of $20.40 each. Fixed cost
Gwar [14]

Answer:

Option (a) is correct.

Explanation:

Pretax income = Contribution - Fixed cost

Contribution = Pretax income + Fixed cost

                     = $1,824,000 + $1,444,000

                     = $3,268,000

Sales - Variable Cost = Contribution

Variable Cost = Sales - Contribution

                       = (380,000 electric screwdrivers × $20.40 each) - $3,268,000

                       = $7,752,000 - $3,268,000

                       = $4,484,000

3 0
1 year ago
A change in company policy now means that employees have to gather a lot more information from a customer before dealing with a
MrMuchimi

Answer:

A Apologises for any trouble and explain the change to each customer.

Explanation:

After changing the organization policy first the employees want to understand the policies of the company so that they are able to communicate with the customers but before that the employees required to grab more information with respect to the customer before dealing with it.

For any trouble, the employees should apologises it and explain to them what is the changes in the policy to each customer and why it is important

Hence, the first option is correct

4 0
1 year ago
When Jacob Riley began working at his local bakery, he found out there was a union representing the bakery workers, but that man
Stells [14]

Answer:

The answer is National Labor Relations Act (Wagner Act)

Explanation:

The national labor Act of 1935 provides workers with the right to organize and  join labor union. The Act also provides workers with a framework for collective bargaining.  The Wagner Act prohibits the interference or coercion of workers to exercise their rights of organizing or joining labor unions alongside bargaining collectively for their working conditions or wages.

Moreover,  the Act prohibits the employer from the refusal to bargain with employees' representatives.

8 0
1 year ago
The owner of supermarket chain Reynold's wants to offer nonfood items such as greeting cards and magazines. However, Reynold's d
Elis [28]

Answer:

E) rack jobbers.

Explanation:

Rack jobbers is defined as a company or trader that has an agreement with a seller to display their products in the retail stores and sell them. Usually channels used are not the traditional channels used to sell the products and can include: gas stations, grocery stores.

In such instances the profit realised is split between both parties. For example if Procter and Gamble provide a product rack to a grocery store this is called rack jobbers.

This will be Reynold's best option as he does not want to take care of setting up displays and maintaining inventory records.

6 0
1 year ago
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