All categories

1 year ago

question content area if $354,000 of 10% bonds are issued at 95, the amount of cash received from the sale is

Business

1 answer:

Ludmilka [50]1 year ago

3 0

The amount of cash received from the sale is calculated to be $336,300.

The amount of cash received from the sale of bonds can be calculated by using the following formula;

Cash received = Face value of bond × Bond quote

Since $354,000 of 10% bonds are issued at 95 in this case, therefore we substitute the values in the equation to determine the amount of cash received from the sale as follows;

Cash received = $354,000 × (95 / 100)

Cash received = $354,000 × 0.95

Cash received = $336,300

Therefore $336,300 cash is received from the sale if $354,000 of 10% bonds are issued at 95

To learn more about bonds; click here:

brainly.com/question/14442962

#SPJ4

You might be interested in

What refers to analysis of environmental impacts of products from the design stage through end-of-life?

max2010maxim [7]

Answer: Life cycle assessment

Explanation: Life cycle assessment is the systematic analysis of environmental impacts of products from design stage through end-of-life, raw materials and energy inputs to its disposal with the ultimate goal to reduce environmental impact. It is concerned with every stage of the life-cycle (from raw material extraction, processing of raw materials, production, distribution, usage and disposal) of a product, process, or service.

6 0

3 years ago

At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the

Colt1911 [192]

Answer:

The answer is: Credit record to Accounts Receivable account

Explanation:

The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.

6 0

3 years ago

Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. During 2021, equipment wit

suter [353]

Answer:

C. New equipment was purchased for $145,000 cash. d. A $29,000 note was paid at maturity on January 1 e. On January 1, 2021, bonds were sold at their $58,000 face value. f. Common stock ($45,000 par) was sold for $65,000. 9. Net Income was $90,000 and cash dividends of $50,000 were paid to shareholders. Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (.e., 10,000 should be entered as 10).) WRIGHT COMPANY Statement of Cash Flows For the year ended December 31, 2021 (s in thousands) Cash flows from operating activities Cash inflows Cash outflows Net cash flows from operating activities Cash flows from investing activities

Explanation:

8 0

3 years ago

Ashley received a scholarship to be used as follows:___________tuition $6,000; room and board $9,000; and books and laboratory s

mojhsa [17]

Answer:

A) True THE CORRECT ANSWER

Explanation:

3 0

3 years ago

The employees of Pi's Pizza, a local pizza restaurant, feel that the owners and managers really try to follow the ethical polici

vfiekz [6]

Answer:

c. ethical climate.

Explanation:

<em>Ethical Climate is the moral atmosphere that domains and is practiced by a company in a work environment. </em>

I hope you find this information useful and interesting! Good luck!

6 0

3 years ago