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On January 1, 2014, Sark Wholesale Ltd. issued $500,000 of 10-year, 6% bonds payable at 99. Interest is payable semi-annually on June 30 and December 31.Semi-annual amortization for this bond is $250. Required: 1) Record all entries required for this bond during 2014. 2)Show how the bonds would be reported on Sark's December 31,2014 balance sheet.
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Actual selling price: $7.50, $10.50. Budgeted selling price: $5.50, $10.50. Actual Sales Mix: 69%, 31%. Budgeted Sales Mix: 75%, 25%. What is the total sales-volume variance of revenues?
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