e controller of a retail company has just had a​ $50,000 request to implement an ABC system quickly turned down. A senior vice​ president, in rejecting the​ request, noted,​ "Given a​ choice, I will always prefer a​ $50,000 investment in improving things a customer sees or​ experiences, such as our shelves or our store layout. How does a customer benefit by our spending​ $50,000 on a supposedly better accounting​ system?" How should the controller​ respond?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.