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alina1380 [7]
2 years ago
10

when the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually for a selling price of $

60,000. when the bonds mature, the issuer records its payment of principal with a (debit/credit) to bonds payable in the amount of $
Business
1 answer:
Tresset [83]2 years ago
6 0

When the bonds mature, the issuer records its payment of principal with a (debit) to bonds payable in the amount of $50,000.

What is the  original entry into the bonds payable account?

As at the time the bonds were issued, the bonds payable account would have been credited with bond's face value of $50,000 to indicate that the issuing company is indebted to the tune of $50,000.

When the bonds mature, there would a reversing journal entry, which reverses the original entry by debiting bonds payable account with $50,000, face value of the mature bonds.

Find out more about bond redemption on:brainly.com/question/14778799

#SPJ1

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eBookPrintReferences Check my work Check My Work button is now enabledItem 180Item 180 Ouelette Corporation's relevant range of
telo118 [61]

Answer:

$22,800

Explanation:

Calculation for the total amount of indirect manufacturing cost incurred

First step is to find the fixed manufacturing overhead portion

Fixed manufacturing overhead portion=$3.00 *5000 units

Fixed manufacturing overhead portion =$15,000

Second step is to calculate the indirect manufacturing cost if 6,000 units are produced using this formula

Indirect manufacturing cost =Fixed manufacturing overhead portion

+ Variable portion

Let plug in the formula

Indirect manufacturing cost=$15,000 + ($1.30*6,000 units)

Indirect manufacturing cost=$15,000+$7,800

Indirect manufacturing cost=$22,800

Therefore the total amount of indirect manufacturing cost incurred is closest to $22,800

8 0
3 years ago
XYZ stock price and dividend history are as follows: YearBeginning-of-Year PriceDividend Paid at Year-End2015 $130 $5 2016 144 5
Rina8888 [55]

Answer:

Arithmetic mean = 3.67%

Geometric mean = 3.02%

Explanation:

The following sorted data are given in the question:

Year           Beginning-of-Year Price         Dividend Paid at Year-End

2015                            $130                                            $5

2016                              144                                               5

2017                              120                                               5

2018                              125                                               5

Therefore, we have:

Arithmetic average return = Sum of returns/ number of years ………....….. (1)

Geometric average return = n * ((1+r1)*(1+r2)*(1+r3)…(1+rn)^(1/n) - 1 .……….. (2)

Where;

n = years 1, 2, 3….

r1, r2, r3… are the returns for year 1, 2, 3….

Return for each year = ((Current year Beginning-of-Year Price – Previous year Beginning-of-Year Price) + dividend) / Previous year Beginning-of-Year Price .................... (3)

Using equation (3), we have:

2016 Return = ((144 - 130) + 5) /130 = 0.146153846153846

2017 Return = ((120 - 144) + 5) /159 = -0.119496855345912

2018 Return = ((125 - 120) + 5) /120 = 0.0833333333333333

Using equation (1), we have:

Arithmetic mean = (2016 Return + 2017 Return + 2018 Return) / 3 = (0.1461538461538460 - 0.1194968553459120 + 0.0833333333333333) / 3 = 0.0367, or 3.67%.

Using equation (2), we have:

Geometric mean = ((1 + 2016 Return) * (1 + 2017 Return) * (1 + 2018 Return))^(1/3) - 1 = ((1 + 0.146153846153846) * (1 - 0.119496855345912) * (1 + 0.0833333333333333))^(1/3) - 1 = 0.0302, or 3.02%

3 0
3 years ago
The time value of money refers to the fact that a dollar received today is worth less than a dollar promised at some time in the
NikAS [45]

Answer:

false money and time are worth different amounts. our time on earth is more valuable then money itself.  

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3 years ago
What is an example of digital citizenship
shusha [124]
The answer is C. Email Etiquette
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2 years ago
The Law of Demand states that:
Rufina [12.5K]

Answer:

D

Explanation:

hope it helps to your question

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3 years ago
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