The Titan retires a $25.8 million bond issue when the carrying value of the bonds is $22.8 million, but the market value of the bonds is $28.3 million. The entry to record the retirement will include:a. A credit to cash for $22.8 million. b. A credit of $5.8 million to a gain account. c. A debit of $5.8 million to a loss account. d. No gain or loss on retirement.

Dollywood corporation accumulates the following data concerning a mixed cost, using miles as the activity level. miles driven total cost january 10,000 $16,500 february 8,000 $14,500 march 9,000 $12,500 april 7,000 $12,000 compute the variable and fixed cost elements using the high-low method

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer