Sandhill Co. received proceeds of $583500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $550000, pay interest annually on December 31, and have a call price of 102. Sandhill uses the straight-line method of amortization. Sandhill Co. decided to call the bonds on January 1, 2021. What amount of gain or loss would Sandhill report on their 2021 income statement?

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

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