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3 years ago

Minimizing the risk is the most important principle in the television business. True, or False?

Business

1 answer:

Sergio [31]3 years ago

5 0

Minimizing the risk is the most important principle in the television business. So True.

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On January 1, 2016, Hackman Corporation issued $1,400,000 face value 12% bonds dated January 1, 2016, for $1,423,060. The bonds

krok68 [10]

Answer:

(a) Bond issuance:

Debit Cash $1,423,060

Credit Bonds payable $1,400,000

Credit Premium on bond payable $23,060

(To record bond issuance)

(b) June 20 interest payment

Debit Interest expense (balancing figure) $81,694

Debit Premium on bond payable $2,306

Credit Cash $84,000

(To record first interest payment - June 30)

(c) December 31 interest payment

Debit Interest expense (balancing figure) $81,694

Debit Premium on bond payable $2,306

Credit Cash $84,000

(To record first interest payment - December 31 )

Explanation:

A bond is a long-term promissory note issued by a company in order to borrow from investors to fund its business operations.

Calculation of the interest expense:

Premium on bonds payable (balancing figure) = $23,060

Number of periods = 5 years x 2 = 10 periods

Amortization of premium on bond payable = $23,060 / 10 periods = $2,306

Calculation of the cash proceed:

Cash = Face value of bond x contractual interest x Time period

Cash = $1,400,000 x 12% x 6 / 12 = $84,000 (see the journals above)

4 0

4 years ago

Say the reserve requirement is 20 percent. If you pay back a loan of $10,000 a bank had previously made to you, the act of payin

otez555 [7]

Answer:

a. adds $10,000 in bank reserves.

Explanation:

Given that

Reserve requirement is 20%

Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves

Therefore as per the given situation, the option a is correct

And, the same is to be considered

Thus, all the other options are incorrect

4 0

3 years ago

The debit side of an account

Vikki [24]

Loan investment account.. can be either side of the account depending on how the accountant set up the system

4 0

3 years ago

When Unraveling the Unit Circle the sine function creates a relationship between the _________and the ________ starting at 0 rad

notka56 [123]

Answer:

Vertical distance

y-axis

Horizontal distance

x-axis

where n are integers

Explanation:

The relationship between x-axis and y-axis is determined by cosine function. The sine and cosine functions have a domain of all real numbers. These distances are determined by the vertical distance ratio.

3 0

3 years ago

A $200,000 loan amortized over 12 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove

lesya [120]

Answer:

loan balance after 12 years = $185409.8

Explanation:

Loan principal = $200000

interest = 10% of principal

amount paid yearly = $21215.85

For 1st year

principal for the first year = $200000

required interest to be paid = 10% of 200000 = $20000

amount paid = $21215.85

Loan Balance after first year = (principal for first year) - (amount paid - 10% of principal ) = $198,784.15

For 2nd year

principal for the 2nd year = Loan balance after first year = $198,784.15

loan balance after 2nd year = 198784.15 - ( 21215.85 - 10% of 198784.15)

= $197568.30

same applies for the different years until the 12th year

using this formula :

Loan Balance after Nth year = [ Loan balance after (n-1) year - ( amount paid - 10% of loan balance after (n-1) year ) ]

6 0

3 years ago