answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pickupchik [31]
2 years ago
13

Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,

is authorized to issue $500,000 of 9%, 15-year bonds dated May 1, 2018, with interest payments on October 31 and April 30. Assume the bonds are issued at par on May 1, 2018. a. Prepare journal entries to record the bond issuance, payment of the first semiannual period’s interest, and retirement of $300,000 of the bonds at 101 on November 1, 2019.
Business
1 answer:
saw5 [17]2 years ago
8 0

Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

                       Bonds payable                               $500,000

                 (To record the bond issuance)                  

31 Oct, 18  Interest Expenses           $22,500

                 (500000*9%*6/12)

                         Cash                                               $22,500

                 (To record payment of the first semiannual period’s interest)

Nov 1, 19  Bonds payable                  $300,000

                Loss on Bonds                  $3,000

                          Cash                                                $303,000

                 (To record retirement the bonds at 101 on November 1, 2019)

You might be interested in
Kamal has a history of back problems, but his old insurance policy would not cover him for this condition because he had it befo
HACTEHA [7]
Preexisting condition. It was how insurance companies would not cover many conditions.
4 0
2 years ago
Mel’s Diner is a popular café that specializes in home-cooked meals, friendly service, and a menu that contains vegan and vegeta
Katyanochek1 [597]

Answer:

The answer is: Mel´s Diner is engaging in a Niche Marketing Strategy

Explanation:

A niche marketing strategy takes place when you concentrate all your marketing efforts on an specific and well defined segment of the population.  

Mel´s Diner is differentiating themselves form all the other restaurants in their area by offering vegan and vegetarian dishes.

8 0
2 years ago
If IBM manufactures a computer in the United States and sells it to a French business firm in Paris, it will cause an increase i
photoshop1234 [79]

Answer:

B

Explanation:

When goods produced in a country are sold to other countries, it is known as export.

When a country purchases a foreign produced good, it is known as import

the difference between export and import is known as net export.

Net export increases when export increases and decreases when import decreases.

As a result of the sale of the computer, US net export would increase and France's net export would decrease.

7 0
2 years ago
Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
Lera25 [3.4K]

Answer:

Total variable cost if 4 units were produced

= $33.75 x 4 units = $135

Total fixed cost = Total cost - Total variable cost

Total fixed cost = $175 -$135

Total fixed cost = $40

Average fixed cost = Total fixed cost/No of units

Average fixed cost = $40/10 units

Average fixed cost = $4

The correct answer is B

Explanation:

In this case, we need to calculate the total variable cost on the ground that 4 units were produced. Then, we will determine the total fixed cost by deducting the total variable cost from total cost. Finally, we will divide the total fixed cost by 10 units in order to obtain the average fixed cost.

6 0
2 years ago
It tastes better than candy!" is an advertising slogan for a new probiotic gummy. The manufacturer claims that their probiotics
larisa86 [58]

Answer:

The correct answer is D) product differentiation.

Explanation:

Product differentiation is a competitive strategy that aims to allow the consumer to perceive differently the product or service offered by a company, with respect to those of the competition.

Product differentiation can be based mainly on various attributes such as quality, color, size, after-sales service, specialized attention, location, brand recognition or luxury. But any attribute makes perceive a product or service differently is considered product differentiation.

It should be noted that the differentiation also has a subjective element since consumers can perceive that a certain brand is different from another based not on the comparison of objective characteristics but on the idea that they have made of the company and its image.

3 0
2 years ago
Other questions:
  • A change from an inefficient mix to an efficient mix of output would best be represented with a production possibilities frontie
    15·1 answer
  • Huang Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assembly. In the Fabricatio
    15·1 answer
  • Real GDP per capita Multiple Choice 1. can grow either more slowly or more rapidly than real GDP. 2. cannot grow more slowly tha
    5·1 answer
  • Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one speci
    9·1 answer
  • Filter the data in place so that only rows where the category value is meals and the cost value is greater than 20 are shown. th
    14·1 answer
  • The 2021 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and net income of $
    15·1 answer
  • The service division of Raney Industries reported the following results for 2020. Sales Variable costs Controllable fixed costs
    5·1 answer
  • It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization a
    10·1 answer
  • The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale
    7·1 answer
  • Finx. Inc. Purchased a truck for $35000. The truck is expected to be driven 15000 miles per year over a five year period. And th
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!