On january 2, 2012, banno corporation issued $1,500,000 of 10% bonds at 97 due december 31, 2021. legal and other costs of $24,500 were incurred in connection with the issue. interest on the bonds is payable annually each december 31. the $24,500 issue costs are being deferred and amortized on a straight-line basis over the 10-year term of the bonds. the discount on the bonds is also being amortized on a straight-line basis over the 10 years. (straight-line is not materially different in effect from the preferable "interest method".) the bonds are callable at 102 (i. e., at 102% of face amount), and on january 2, 2017, banno called $840,000 face amount of the bonds and redeemed them. (b) ignoring income taxes, compute the amount of loss, if any, to be recognized by banno as a result of retiring the $840,000 of bonds in 2017. (round answer to 0 decimal places, e. g. 38, required: (a) loss on redemption (b) prepare the journal entry to record the redemption.

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: