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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

#SPJ4

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klemol [59]

Answer:

C. Safe driving

Explanation:

Behavioral factors refer to the lifestyle habits of an individual.  Auto insurance premiums are largely determined by the risk involved, as assessed by the insurance company.  Insurance companies consider

  • the car and its safety features,
  • the driver's history and habits,
  • insured credit history, among other factors, when determining auto premiums.

Safe driving is a habit that develops in a driver over time. It is captured in the driver's driving history.  A driver with few incidents and accidents than other pay lower insurance premiums. However, accident-prone drivers, those who drive many hours per day, and night drivers will always pay high insurance premiums.

5 0
3 years ago
Electrodo Co. purchased land for $55,000 with $20,000 paid in cash and $35,000 in notes payable. What effect does this transacti
Archy [21]

Answer:

(c). Net increase in assets of $35,000 and a net increase in liabilities of $35,000

Explanation:

Accrual basis of accounting attempts to record transactions as and when they arise and not on the basis of  when money is actually received or paid. Once a liability is certain, such a liability is provided for immediately.

The journal entry for purchase of Land partly by cash and partly for issuing a notes payable would be:

Land                                                  Dr. $55,000

     To Cash                                                          $20,000

     To Notes Payable                                           $35,000

(Being land purchased by payment of $20,000 in cash and a note being issued against the balance amount)

Land and cash are assets whereas Notes Payable is a liability.

So, the effect of the above transaction would be:

Net increase of $35,000 ( $ 55,000 - $ 20,000) as debit in fixed assets account increases their balance whereas cash being a real account, the rule being debit what comes in, credit what goes out. So credit in cash account would reduce the cash balance by $ 20,000.

Notes Payable account which is to be paid in future is a liability which shall increase the liabilities by $ 35,000.

So, the correct answer is (c), Net increase in assets of $35,000 and a net increase in liabilities of $35,000.  

5 0
3 years ago
Vocational education is one path to a career
balu736 [363]

Answer:

It's true I think if I'm wrong do tell me.

5 0
3 years ago
International Food Services (IFS) has a contract with the Marines to supply meals for its troops in Afghanistan and other foreig
andrezito [222]

Answer:

C, the board of directors of IFS

Explanation:

The board of the IFS is ultimately responsible for the corporate climate that resulted in the use of substandard ingredients in the meals meant for the troops.

This is because the directors are the ones at the helm of affairs and they decide what happens in the IFS. This means that at least one of the directors is aware of the use of substandard ingredients . It can be said that if one knows, all other know. This phrase convieniently indicts the directors.

Cheers.

4 0
3 years ago
One factor that influences the consumer decision-making process is __________, which refers to the set of values, attitudes, and
Ray Of Light [21]

Answer:

culture

Explanation:

culture: it is combination of values and moral that someone inherit from their forefather. it has very firm effects on decision making process. culture factors like occupation, economic background of consumer and lifestyle etc affect the decision of consumer. it is the value that passes from one generation to another.

culture is that stiff part of one life that cannot be change with time and more or less on the basis this consumer change its decision.

6 0
3 years ago
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