On January 1, 2015, Illini Company sold three-year $1 million 12% bonds for $1,024,978 to yield 11%. The interests are payable semiannually on June 30 and December 31, starting 6/30/15. The amortization schedule is as follows. $1,024,978 60000 $56,374 $3,626 $1,021,351 60000 $56,174 $3,826 $1,017,526 60000 $55,964 $4,036 $1,013,490 60000 $55,742 $4,258 $1,009,232 60000 $55,508 $4,492 $1,004,739 60000 $55,261 $4,739 $1,000,000Due to financial and operations problems, although Illini made the $120,000 interest payment on 12/31/15, it expected that it would not be able to make the required future interest payments and therefore restructured the debt with its debt holders. Suppose the new terms required an interest payment of $20,000 on the remaining interest payment dates plus the $2 million face amount at maturity. Please answer the following question. How much gain/loss did Illini record on 12/31/15? A. A loss of $350,515 B. A gain of $350,515 C. A gain of $400,000 D. No gain/loss

In order to minimize project risk which step comes after the step of identifying risks

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

"jake’s roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the company’s activity variances for may."