I NEED ALL CORRECT ANSWERS QUICKLY. No explanation needed.

1.

On March 1, 2019, Company B issued $1,000,000, 10 years, 12% bonds at 103 excluding accrued interest. The bonds are dated January 1, 2019 and will mature on January 1, 2029. The interest is payable semi-annually on January 1 and July 1 of each year. Company B paid transaction costs amounting to $50,000. How much would be the net cash receipts of Company B as a result of the bond issuance?

$1,000,000

$1,030,000

$980,000

$1,050,000

2.

Company O has a new product that has the following cost per unit: direct materials - $10, direct labor - $7, and overhead - $3. If the sales manager wants to achieve a gross margin of 25% of cost for the particular product. What would be the selling price per unit?

$25

$36

$45

$56

3.

When the contribution margin per unit increases assuming all other factors remain constant. The effect would be

An increase in sales price

A decrease in fixed cost

An increase in break-even point in units

A decrease in break-even point in units

4.

The total direct labor variance of Company J for the month of October 2020 is $500 unfavorable. The direct labor efficiency variance is $800 favorable. How much is the standard direct labor rate per hour if the actual direct labor cost is $10,000 for 1,000 hours?

$11.30

$10.00

$9.50

$8.70

5.

X Company estimates that 2% of its sales on account for the year ended December 31, 200A will be uncollectible. If the total sales is $4,500,000 and 20% is cash sales, the adjusting entry for the December 31, 200A will include

Accounts Receivable $90,000

Allowance for Bad Debts $ 72,000

Bad Debts Expense $ 18,000

An adjusting entry is not necessary