A capacity cushion is the amount of inventory that a firm maintains to handle sudden increases in demand or temporary loss of production capacity
Indicate whether the statement is true or false
FALSE
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According to the study mentioned in the text, people who commit fraud are most similar to which of the following groups?
a. Property offenders b. College students c. Convicted felons d. Animal lovers
A(n) ________ is a scale whose numbers serve only as labels or tags for identifying and classifying objects with a strict one-to-one correspondence between the numbers and the objects
A) ordinal scale B) interval scale C) ratio scale D) nominal scale
A company must assign mechanics to each of four jobs. The time involved varies according to individual abilities. Table 9-1 shows how many minutes it takes each mechanic to perform each job
If the optimal assignments are made, how many total minutes would be required for completing the jobs? A) 0 B) 4 C) 17 D) 16 E) None of the above
Spice Company issued $200,000 of 10 percent first mortgage bonds on January 1, 20X4, at 105. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1. Pumpkin Corporation purchased $140,000 of Spice's bonds from the original purchaser on January 1, 20X8, for $122,000. Pumpkin owns 75 percent of Spice's voting common stock. Spice's partial bond amortization schedule is as follows:PMT # Interest$ PMTInterestExpenseAmort ofDiscount(Premium)Premium(Discount)BondsPayableBV
ofBonds 1/1/20X4 10,000.00 200,000.00 210,000.00 1 7/1/20X4 10,000.00 9,684.96 (315.04) 9,684.96 200,000.00 209,684.96 2 1/1/20X5 10,000.00 9,670.43 (329.57) 9,355.38 200,000.00 209,355.38 3 7/1/20X5 10,000.00 9,655.23 (344.77) 9,010.61 200,000.00 209,010.61 4 1/1/20X6 10,000.00 9,639.33 (360.67) 8,649.94 200,000.00 208,649.94 5 7/1/20X6 10,000.00 9,622.69 (377.31) 8,272.63 200,000.00 208,272.63 6 1/1/20X7 10,000.00 9,605.29 (394.71) 7,877.92 200,000.00 207,877.92 7 7/1/20X7 10,000.00 9,587.09 (412.91) 7,465.01 200,000.00 207,465.01 8 1/1/20X8 10,000.00 9,568.04 (431.96) 7,033.05 200,000.00 207,033.05 9 7/1/20X8 10,000.00 9,548.12 (451.88) 6,581.18 200,000.00 206,581.18 10 1/1/20X9 10,000.00 9,527.28 (472.72) 6,108.46 200,000.00 206,108.46 11 7/1/20X9 10,000.00 9,505.48 (494.52) 5,613.94 200,000.00 205,613.94 12 1/1/20X0 10,000.00 9,482.68 (517.32) 5,096.62 200,000.00 205,096.62 13 7/1/20X0 10,000.00 9,458.82 (541.18) 4,555.44 200,000.00 204,555.44 ?Based on the information given above, what amount of gain or loss on bond retirement will be reported in the 20X8 consolidated financial statements? A. $22,923 gain B. $22,923 loss C. $84,108 gain D. $84,018 loss