On January 1, 2017, NOLA Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued for $20,750. Prepare the journal entry to issue bonds
What will be an ideal response
Cash 20,750
Premium on Bonds Payable 750
Bonds Payable 20,000
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______ control is an approach to organizational control that is characterized by informal and organic structural arrangements.
A. Decentralized B. Functional C. Relational D. Bureaucratic E. Market
When the American Federation of Labor (AFL) was formed in 1886, ________ were allowed to belong.
A. only unskilled factory workers B. only skilled craft workers C. only semiskilled and unskilled workers D. all workers
Ragged Edge Arts has estimated its desired profits at $150,000, total selling and administrative costs of $50,000, and total costs at $2,000,000 . What is the markup percentage?
a. 20% b. 5% c. 15% d. 10%
Malmo Avionics makes aircraft instrumentation
Its basic navigation radio requires $70 in variable costs and $2,000 per month in fixed costs. Further processing the radio, to enhance its functionality, will require an additional $25 per unit of variable costs, plus an increase in fixed costs of $800 per month. The marketing manager believes that they would be able to increase the sales price of the radio from $260 to $300. Malmo sells 30 radios per month. If Malmo decides to further process the radio, monthly operating income would ________. A) increase by $1,200 B) increase by $3,650 C) decrease by $350 D) decrease by $3,650