Business, 13.08.2019 00:20, gui00g7888888888888
Lance brothers enterprises acquired $515,000 of 3% bonds, dated july 1, on july 1, 2018, as a long-term investment. management has the positive intent and ability to hold the bonds until maturity. the market interest rate (yield) was 4% for bonds of similar risk and maturity. lance brothers paid $435,000 for the investment in bonds and will receive interest semiannually on june 30 and december 31. prepare the journal entries (a) to record lance brothers’ investment in the bonds on july 1, 2018, and (b) to record interest on december 31, 2018, at the effective (market) rat
Answers: 3
Business, 22.06.2019 11:00, ayoismeisjjjjuan
Acoase solution to a problem of externality ensures that a socially efficient outcome is to
Answers: 2
Business, 22.06.2019 11:10, allieallie
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
Business, 22.06.2019 12:20, Tierriny576
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
Business, 22.06.2019 22:00, ethanw8973
Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.
Answers: 2
Lance brothers enterprises acquired $515,000 of 3% bonds, dated july 1, on july 1, 2018, as a long-t...
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