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Lera25 [3.4K]
2 years ago
14

A bond issue on June 1, 2016, has interest payment dates of April 1 and October 1. Bond interest expense for the year ended Dece

mber 31, 2016, is for a period of
Business
1 answer:
Nataly_w [17]2 years ago
7 0

The answer is seven months.

Given,

A bond issue on June 1, 2016

Interest payment dates of April 1 and October 1

To calculate:

Bond interest expense for the year ended December 31, 2016

Since we know that interest expense is for the time the bonds were outstanding during the reporting period.

Therefore,

Bonds issued on June-1, 2016

months Total = June to December = seven months

Since, Interest payment date is October 1, 2016.

This means interest will be paid on this date.

Also, for the year will be included in the interest expense along with the accrued interest for the remaining 4 months (October 1, 2016 to December 31, 2016).

Hence, the Bond interest expense for the year ended December 31, 2016, is for a period of seven months.

Learn more about Bonds:

brainly.com/question/25596583

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If workers in one part of the labor market unionize, then all else equal, we would expect the wages of unionized workers to ____
Vladimir [108]

If workers in one part of the labor market unionize, then all else equal, we would expect the wages of unionized workers to <u>rise</u>, and the wages of nonunionized workers to <u>fall</u>.

In developing countries, labor markets play a central role in determining economic and social progress. Employment status is one of the key factors in overcoming poverty. Ultimately, a decent, well-paid, and stable job is the most sustainable way to increase income and consumption.

Almost everything that happens in the economy affects the labor market. Changes in demand for goods and services, population size, and minimum wage rates can all have significant effects on the labor market. The economic change will probably have the greatest impact on the labor market as a whole.

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7 0
2 years ago
When a principal is partially disclosed Group of answer choices the agent and principal will be jointly and severally liable on
vlabodo [156]

The correct answer is the agent and principal will be jointly and severally liable on the contract.

In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.

When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.

Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.

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8 0
2 years ago
Northwest Fur Co. started 2021 with $103,000 of merchandise inventory on hand. During 2021, $560,000 in merchandise was purchase
Naya [18.7K]

Answer:

The cost of goods available for sale is $650,100

Explanation:

Credit terms of 3/15, n/45 means that 3% discount for the payment within 15 days and the full amount to be paid within 45 days.

The discounts Northwest Fur Co. took = $560,000 x 3% = $16,800

Northwest uses a perpetual inventory system and the gross method to record purchases.

Net Purchases = Purchases - Purchase Returns - Purchases Discounts + Freight-In = $560,000 - $4,900 - $16,800 + $8,800 = $547,100

The cost of goods available for sale = Beginning merchandise inventory + Net Purchases = $103,000 + $547,100 = $650,100

4 0
3 years ago
One ethical dilemma that multinational firms must face is
Oksi-84 [34.3K]

Answer:

Bribery

Explanation:

they must decide whether to pay bribes or find alternative sources of supplies

7 0
3 years ago
King Nothing is evaluating a new 6-year project that will have annual sales of $410,000 and costs of $284,000. The project will
motikmotik

Answer:

Option (a) is correct.

Explanation:

Given that,

Sales = $410,000

Costs = $284,000

Depreciation Expense =  $510,000 × 0.1920]

                                     = $97,920

Therefore,

Operating Cash Flow:

= [(Sales - Variable Costs - Fixed Costs) × (1 - Tax Rate)] + [Depreciation × Tax Rate]

= [($410,000 - 284,000) × (1 - 0.35)] + [$97,920 × 0.35]

= [$126,000 × 0.65] + [$97,920 × 0.35]

= $81,900 + $34,272

= $1,16,172

7 0
3 years ago
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