Determine the dollar value of alpha company

Assignment Help Managerial Accounting
Reference no: EM132614718

Problem 1: On August 1, 2017, Alpha Company retired a $10,000 bond at 102. On July 31, 2017 Alpha had accrued the interest payment for $250. At the date of retirement, the unamortized discount on the bonds was $400. Use this information to determine the dollar value of Alpha Company's: (Round all dollar values to the nearest whole dollar.)

Option 1. Gain or Loss on Retirement of Bond: enter any loss dollar & amount inside of brackets ( )

Option 2. Cash paid to retire the bond issue

Option 3. Amount of Interest Payable liquidated at retirement

Option 4. Amount of Premium or Discount on Bond Payable liquidated at retirement

Reference no: EM132614718

Questions Cloud

International letters of credit : Firms trading across country and political boundaries have various methods of ensuring payment.
Prepare the general journal entry for september : Treasury stock at the going market rate of $22 per share. Use this information to prepare the General Journal entry (without explanation) for September 1.
How funsun account for the cost of the distribution rights : How should FunSun account for the $66.1M cost of the distribution rights? How should FunSun account for the transaction costs it incurred
How families are disrupted due to behavior of family member : For this assignment you are to prepare a 3-4 page paper that discusses how families are disrupted due to the behavior(s) of the family member that is abusing.
Determine the dollar value of alpha company : At the date of retirement, the unamortized discount on the bonds was $400. Use this information to determine the dollar value of Alpha Company's
Describe the aspects of two substance treatment modalities : You are to Submit a 3 to 4-page essay on the key aspects of two substance treatment modalities. Examples such as: MRI Interactional Family Therapy.
Solve for the unknown number of years : Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
How can reverse transcriptase inhibitors : How can reverse transcriptase inhibitors slow the replication of DNA?
Who would be affected if the proposal is implemented : Outdoors R Us owns several membership-based campground resorts throughout the Southwest. Who would be affected if the proposal is implemented

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the incremental cash flows for each year

Determine the incremental cash flows for each year. Explain your calculations. Support your statements with appropriate examples and scholarly references.

  Calculate the materials price variance

During May, the company purchased 160,000 pounds of direct material at a total cost of $304,000. The total direct labor wages for May were $37,800. Wright manufacturing 19,000 units of product using 142,500 pounds of direct material and 5,000 dire..

  Determine the increase in net operating income

Determine the increase in net operating income in each market if the advertising campaign were to be initiated in that market.

  Probability that a candidate will be forecast as a winner

What is the probability that a candidate will be forecast as the winner when the population percentage of her vote is 50.1?%

  How many pounds of raw materials purchased in july

If 113,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

  What are breakeven sales in dollars

The selling price per dozen is $15, variable costs are $9 per dozen, and total fixed costs are $4,200. What are breakeven sales in dollars?

  How can relevant costs be used in decision making

How can Boeing benefit by analyzing future projects in terms of relevant costs through expansion, consolidation, and downsizing

  What are the total costs when units are produced

During April, this same company incurred 5,000 direct labour hours and 8,000 machine hours. What is the predetermined overhead rate?

  How would managerial accounting tools help the user

If we could use these concepts in service and merchandising businesses, how would we go about doing so? How would managerial accounting tools help the user make decisions proactively?

  Create a revenue budget for the upcoming academic year

Make a revenue budget for the upcoming academic year. List at least five actions that South Hampton might take to accommodate the growing student number

  What is the book value per share of common stock

What is the acid-test ratio for the current year? What is the inventory turnover for the current year? What is days' sales in receivables for the current year? What is the book value per share of common stock for the current year?

  Find and Calculate process yield for Process A

Find and Calculate process yield for Process A, process yield for Process B, and overall process yield. Round your answers to one decimal place, if necessary.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd