Windsor Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. These bonds have a par value of $792,000, an amortized cost of $792,000, and a fair value of $710,000. The company believes that impairment accounting is now appropriate for these bonds.

a. Prepare the journal entry to recognize the impairment.

b. What is the new cost basis of the municipal bonds?
New cost basis of the municipal bonds $
Given that the maturity value of the bonds is $792,000, should Windsor Corporation amortize the difference between the carrying amount and the maturity value over the life of the bonds?
c. At December 31, 2018, the fair value of the municipal bonds is $751,000. Prepare the entry (if any) to record this information.

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins