Giving a retailer an incentive to sell your product/service is the responsibility of which of the marketing mix?

On December 31, 2018, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela

Vadim26 [7]

Answer:

December 31, 2018, bonds are issued

Dr Cash 461,795

Cr Bonds payable 450,000

Cr Premium on bonds payable 11,795

amortization expense per coupon = $11,795 / 6 coupon payments = $1,965.83

June 30, 2019, first coupon payment

Dr interest expense 18,284.17

Dr Premium on bonds payable 1,965.83

Cr Cash 20,250

The amortization of the premium on bonds payable decreases the interest expense.

7 0

1 year ago

A seller uses a perpetual inventory system, and on April 4, it sells $5,000 in merchandise to a customer on credit terms of 3/10

Reika [66]

Answer:

Explanation:

The journal entry on April 13 for receipt of payment from customer is as follows:

Date Account title and explanation Ref Debit Credit

13-April Cash ($5000 - $150) $4,850

Sales discount ($5000* 3%) $150

Accounts receivable

$5000

(To record the receipt of payment from customer net of discount

7 0

2 years ago

On January 1, Year 1, the Hoverman Corporation made amendments to its defined benefit pension plan, resulting in $150,000 of pas

Lapatulllka [165]

Answer:

Check the explanation

Explanation:

a)

In IFRS according to IAS 19 all past service cost is recognized in the net income in the period in which amendment (change) is made by entity for defined benefit pension, it does not matter what is the status of the employees who will benefit the change. So in Year 1 $150000 will be expended completely and in subsequent years the amount is $0

Year 1 =$150000

Subsequent years= $0

b) In US GAAP the past service cost is recorded in Accumulated other comprehensive income in the year of amendment. It is amortized over the future working life of the participants.

Year 1 is year of adoption hence $0 is amortized because $150000 is included in Accumulated other comprehensive income.

Subsequent years: (150000/10=15000) $15000 will be amortized for each year for 10 years.

3 0

2 years ago

Table 14-12 bill's birdhouses costs revenues quantity produced total cost marginal cost quantity demanded price total revenue ma

sp2606 [1]

204 is maybe the answer

6 0

1 year ago

Read 2 more answers

Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which

ozzi

Answer:

$8,000

Explanation:

khaki shorts khaki pants

machine minutes per unit 15 24

contribution margin per unit $16 $32

CM per machine minute $1.067 $1.33

minimum demand 3,000 3,000

machine minutes required 45,000 72,000

total machine minutes available 288,000

total machine minutes remaining 171,000

production 0 7,125

total production 3,000 10,125

total contribution margin $48,000 $324,000

if 100 more machines hours are added, then production time increases by 6,000 minutes which can be used to produce 250 more khaki pants. Contribution margin will increase by 250 x $32 = $8,000

I calculated contribution margin per minute, but you could also calculate contribution margin per hour to determine which product is more profitable. Contribution margin per hour for shorts = $64, and for pants = $80. The answer will not change.

8 0

2 years ago