Several years ago brant, inc., sold $1,000,000 in bonds to the public. annual cash interest of 8 percent ($80,000) was to be paid on this debt. the bonds were issued at a discount to yield 10 percent. at the beginning of 2016, zack corporation (a wholly owned subsidiary of brant) purchased $200,000 of these bonds on the open market for $221,000, a price based on an effective interest rate of 6 percent. the bond liability had a carrying amount on that date of $860,000. assume brant uses the equity method to account internally for its investment in zack. a. & b. what consolidation entry would be required for these bonds on december 31, 2016 and december 31, 2018? (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your intermediate answers to nearest whole number.)

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

Anderson farms, inc. provided the following for 2018: cost of goods sold (cost of sales)$1,300,000beginning merchandise inventory340,000ending merchandise inventory630,000calculate the company's inventory turnover ratio for the year. (round your answer to two decimal places.)