Chapter 1, Problem 13Q

Elmont Industries issues $2,400,000 of 8% bonds at 101. What is the amount of cash Elmont would receive from the sale? A. $2,373,000 B. $2,240,000 C.$2,424,000 D. $2,185,000 E. None of the above. Help me

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Tyson manufacturing company produces and sells 120,000 units of a single product. Variable costs total $340,000 and fixed costs total $480,000. If each unit is sold for $12, what markup percentage is the company using?

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A company paid $36,000 for a 3-year insurance policy on January 1, 2024. The payment was recorded as a prepaid expense. What is the adjusting entry required on December 31, 2024?