1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pashok25 [27]
1 year ago
9

If the market interest rate drops to 5% on December 31, 2022, it will cost $458,290 to retire the bonds. Record the retirement o

f the bonds.
Business
1 answer:
dlinn [17]1 year ago
3 0

To record the retirement of bonds we have to debit the bond payable account with $435,376, debit the interest account with $22,914, and credit the cash account with $458,290.

The retirement of the bond takes place when they are required to be redeemed before they mature. In other words, if the company wants to buy back its bonds before the period of the bond is over. Sometimes the company will also have to pay the interest amount that is due on the bond to the bond-holder.

The bondholders are creditors of the company. These are the people to have loaned money to the company and who the company has to pay back either at maturity or when the company wants. This should be specified to the bondholder before issuing him the bond. The transaction that will be written to record the transaction will be:

Bonds Payable a/c Dr. 435,376

Interest a/c              Dr.   22,914

To cash a/c                                         458,290.

(Being the bonds retired and interest amount paid)

Learn more about the retirement of bonds here:

brainly.com/question/13960495

#SPJ4

You might be interested in
The nato nations have agreed that in the case of an attack against a member nation??
monitta
All other member nations will help defend it
4 0
3 years ago
Read 2 more answers
Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee
RideAnS [48]

Answer:

False.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Basically, the three (3) main ways to protect an intellectual property is to employ the use of trademarks, copyright and patents.

In this scenario, Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company.

Since Gidgit is patented it cannot be sold to the government because it is a registered intellectual property that cannot be used or sold without the approval or consent of the owner.

4 0
3 years ago
n the first two years your investment increases by 2.5% annually, in the third year it returns 12% but in the fourth year it goe
mote1985 [20]

Answer:

Ans. The average annual rate of return over the four years is 2.792%

Explanation:

Hi, first let´s introduce the formula to use

r(Average)=\sqrt[n]{(1+r(1))*(1+r(2))*(1+r(3))+...(1+r(n))}-1

Where:

r(1),(2),(3)...n are the returns in each period of time

n =number of returns to average (in our case, n=4).

With that in mind, let´s find the average annual return over this four years.

r(Average)=\sqrt[4]{(1+0.025)*(1+0.025)*(1+0.12)+(1-0.07))} -1=0.022792

Therefore, the average annual return of this invesment in 4 years is 2.2792%

Best of luck.

5 0
3 years ago
Which organization serves as the principal operations center for the department of homeland security?
inysia [295]

Answer: B) National Operations Center

The organization which functions as the principal operations center for the Department of Homeland Security is the National Operations Center.

Basically, it is the one who is responsible for gathering and combining all the information. This includes information coming from the State, from the key metropolitan areas, and the information for all kinds of hazards and risks. Furthermore, it is also the one that distributes and manages all the information with the cooperation of the other organization partners.

4 0
3 years ago
Your firm can make a product in-house for $11.50 per unit using new production equipment which would cost $30,000. Your firm cou
Nikolay [14]

Answer:

The indifference point is 5,895 units

Explanation:

Giving the following information:

In-house:

Unitary variable cost= $11.5

Fixed cost= 30,000

Buy:

Unitary variable cost= $16.25

Fixed cost= 2,000

<u>To calculate the indifference point, we need to establish the total cost formulas for each option:</u>

In-house:

Total cost= 30,000 + 11.5x

x= number of units

Buy:

Total cost= 2,000 + 16.25x

x= number of untis

<u>Now, we equal both formulas and isolate x:</u>

30,000 + 11.5x = 2,000 + 16.25x

28,000 = 4.75x

5,895 = x

The indifference point is 5,895 units

7 0
2 years ago
Other questions:
  • After an oil spill off the California coast, the ladies’ aide society of Cedar Rapids , Iowa , raised money to send to voulentee
    11·1 answer
  • It has been estimated that there are 107 billion pieces of mail per year. if the postage rates are raised 3¢, how much extra rev
    8·1 answer
  • A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 117% of its $1,000
    13·1 answer
  • The price elasticity of demand for gasoline in the short run has been estimated to be 0.4. If a war in the Middle East causes th
    11·1 answer
  • When deciding on output levels, members of a cartel A. Set their output where MR=MC B. Produce the same level of output as if th
    10·1 answer
  • Griffin's Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest expense of $34,00
    7·1 answer
  • What is the money multiplier when the reserve requirement is
    14·1 answer
  • Kent Fuller is in the 34 percent tax bracket. A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent v
    6·1 answer
  • You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accoun
    7·1 answer
  • all of the following would be considered manufacturing overhead costs by a book publisher except a. wages paid to the production
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!