Gopal bought a schwinn road bike in good condition from a used bike shop for $160, thinking he got a steal. when he got home and searched for his bike on the internet, he found the same model for sale from walmart for $149 new. rather than getting upset at the price difference, gopal justifies the purchase to himself by deciding it was better to support a local bike shop than a chain. gopal’s rationalization is an example of someone trying to:
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Business, 22.06.2019 10:00, kortlen4808
mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?
Answers: 2
Business, 23.06.2019 17:30, XxrazorxX11
On january 1, 2018, gless textiles issued $12 million of 9%, 10-year convertible bonds at 101. the bonds pay interest on june 30 and december 31. each $1,000 bond is convertible into 40 shares of gless’s no par common stock. bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 99 (that is, 99% of face amount). century services purchased 10% of the issue as an investment. on january 1, 2018, gless textiles issued $12 million of 9%, 10-year convertible bonds at 101. the bonds pay interest on june 30 and december 31. each $1,000 bond is convertible into 40 shares of gless’s no par common stock. bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 99 (that is, 99% of face amount). century services purchased 10% of the issue as an investment. 3. on july 1, 2023, when gless’s common stock had a market price of $33 per share, century converted the bonds it held. prepare the journal entries by both gless and century for the conversion of the bonds (book value method).
Answers: 2
Gopal bought a schwinn road bike in good condition from a used bike shop for $160, thinking he got a...
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