On january 1, 2019, quenneville corporation sold equipment to wirtz, inc., for $500,000. the equipment had cost $300,000 to manu

Answer:

Upon issuance, Ozark should "Credit premium on bonds payable $100,000"

Explanation:

The bond issue price is calculated as ($10 million * $101) = $10,100,000

The bond's face value is = $10,000,000

The bond premium equals $10,100,000 - $10,000,000

Thus, the bond premium is $100,000

                                   Journal entry

                                                    Debit                   Credit

Cash                                        $10,100,000

Premium on bonds payable                                $100,000

Bonds payable                                                     $10,000,000

Conclusion: Therefore, upon issuance, Ozark should "Credit premium on bonds payable $100,000"

Answer:

The Total Gross Income amounts to $41,210.

Explanation:

Continuation of the inquiry: Estimate Jamie Lee's ongoing tax obligation by filling out the form below. Utilize the standard deduction value from 2016 ($6,300) and personal exemption amount ($4,050). Every answer must provide a value for the task to be deemed complete. Enter "0" for any categories not used.

Solution:

Calculating Gross Income

Details Amount 

Salary                                        $37,800

($3,150 * 12 months) 

Interest Income from        $210 

Savings Accounts 

($160+$50) 

Raffle Prize Winnings        $3,200 

Total Gross Income          $41,210

Answer:

The elasticity of supply for hot cocoa calculated at 1.43.

(D) The coffee market's supply is less elastic compared to that of hot cocoa.

Explanation:

Applying the midpoint formula,

The elasticity of supply for hot cocoa is (change in quantity supplied/average quantity supplied) ÷ (change in price/average price).

The change in quantity supplied amounts to 101 - 31 = 70.

The average quantity supplied equals (101 + 31)/2 = 66.

70/66 yields 1.06.

The price change is 9.75 - 4.5 = 5.25.

The average price is (9.75 + 4.5)/2 = 7.125.

5.25 divided by 7.125 results in 0.74.

Thus, hot cocoa's elasticity of supply is 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic since this value exceeds 1.

For coffee, the elasticity of supply computes to (73 - 31)/(73 + 31)/2 ÷ 0.74, which simplifies to 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. Coffee supply is regarded as elastic as well because its elasticity is above 1.

However, the supply of coffee is less elastic than that of hot cocoa since its elasticity value is lower than that for hot cocoa.

Answer:

Road bicycles can be classified as CASH COW, whereas hybrid bicycles are placed in the QUESTION MARK category.

Explanation:

Cash cows represent products with strong market share but slow market growth, providing substantial cash flow.

Question marks signify products in rapidly expanding markets but lacking a significant market share. They hold potential, though success is uncertain.

Answer: $1,651

Explanation:

The sole cost associated with Internal failure is the expense for fixing the dog beds prior to sale, totaling $1,651.

The remaining costs fall into the following categories:

1. Repairs for dog beds under warranty - External failure cost Seamstress training. -
2. Prevention cost Wages of part-time inspector of products - Appraisal cost
3. The cost of replacements provided to customers for defective dog beds - External failure cost
4. Product liability insurance - External failure cost
5. Inspection of sewing machines during routine maintenance - Appraisal cost Inspection of fabric and thread for defects -
6. Appraisal cost