On july 1, 2019, michigan company has bonds with balances as shown below. bonds payable 69 comma 000 premium on bonds payable 4 comma 400 if the company retires the bonds for $ 73 comma 150, what will be the effect on the income statement? a. gain on retirement of $ 250 b. gain on retirement of $ 8 comma 550 c. loss on retirement of $ 8 comma 550 d. loss on retirement of $ 250

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

What is the connection between digital transformation and customer experience

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.