QUESTION On January 1, 2016, Gates Corporation issued $100,000 of 5-year bonds due December 31, 2020, for $103,604.79 minus bond issue costs of $3,000. The bonds carry a stated rate of interest of 13% payable annually on December 31 and were issued to yield 12%. The company uses the effective interest method of amortization.Required:Prepare the […]
QUESTION The City Building Authority (CBA) was created by the city and organized as a separate legal entity. The CBA was created for the purpose of obtaining financing for the construction of buildings, parking lots, and recreational facilities for use solely by the city, along with acquiring the necessary sites to go with such facilities, […]
QUESTION Polk Incorporated issued $213,000 of 9% bonds on July 1, 2016, for $220,918.63. The bonds were dated January 1, 2016, pay interest on each June 30 and December 31, are due December 31, 2020, and were issued to yield 8%. Polk uses the effective interest method of amortization.Required:Prepare the journal entries to record the […]
QUESTION I have 2 assignments for you, The first is due Wednesdayâ¦To prepare: Imagine a situation in which you would like to predict an outcome. Think about why you would choose touse regression rather than correlation. Why is prediction more important than simply describing a relationship?Post by Day 3 a description of a scenario where […]
QUESTION Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization.Required:Prepare the journal entries to record the issue […]
QUESTION What are the three types of financial statements and what goes on each other these statements? ANSWER: REQUEST HELP FROM A TUTOR
QUESTION Sunco Oil manufactures three types of unleaded gasoline (super, premium, and regular). Each type pf gasoline is produced by blending together three types of drude oil (Crude 1, Crude 2, and Crude 3). The sales price per barel of gasoline and the purchase price per barrel or crude oil for the planning period are […]
QUESTION For most products and services, managers know that raising prices will reduce demand, while lowering prices will increase demand. What managers donât always know is how much demand will change in response to a change in price. In economics, the sensitivity of demand to changing prices is called the price elasticity of demand (PED). […]
QUESTION Beaufort Company issued $400,000 face value bonds, 10%, 2 year bonds that pay interest semiannually. The effective (market) interest rate is 8%.Required:Compute the selling price of the bond. Indicate if the bonds sold at a premium or discount. Explain why the bonds were issued at a premium or discount. ANSWER: REQUEST HELP FROM […]
QUESTION Assume that you are Janice Wilton and you have been asked to elaborate on the memo in Exhibit 1 to address the issues raised by Ted Radcliff in both of his conversations with you. Use the report formfrom the course website andplease be certain to address all of the following issues: Q. 1. What […]
