A bond issue of $500,000 selling at 100, would require a journal entry including a
a. credit to Cash of $500,000.
b. credit to Premium on Bonds Payable for $500,000.
c. credit to Bonds Payable of $500,000.
d. debit to Bonds Payable of $500,000.
c
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On January 1, 2016, the Keller Co issued $140,000 of 20-year 8% bonds for $172,000. Interest was payable annually. The effective yield was 6%. The effective interest method was used to amortize the premium. What amount of premium would be amortized for the year ended December 31, 2016?
A) $827.20 B) $1,804.80 C) $880.00 D) $453.20
When one party simply avoids all contact with the other party, erasing the person from social media, and blocking all of that person’s on and offline communication efforts, the action is known as which of the following?
A. flaming B. toasting C. ghosting D. disinheriting
Sutton Products is a price-setter that uses the cost-plus pricing approach. The products are specialty vacuum tubes used in sound equipment. The CEO is certain that the company can produce and sell 310,000 units per year, due to the high demand for the product. Variable costs are $2.40 per unit. Total fixed costs are $970,000 per year. The CEO will receive stock options if $100,000 of operating income for the year is reported. What sales price would allow the CEO to achieve the target if the cost-plus pricing method is used? (Round your answer to the nearest cent.)
A) $2.40 per unit B) $5.85 per unit C) $3.45 per unit D) $5.21 per unit
In 2005, a new federal law allowed consumers once-a-year free access to their credit reports. Many consumers who accessed their credit reports were surprised by the amount of information collected. What can marketers and marketing researchers do to minimize consumers' privacy fears?
What will be an ideal response?