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Vadim26 [7]
3 years ago
15

On January 1, 2021, a company issues $750,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and D

ecember 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $750,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
valentina_108 [34]3 years ago
4 0

Answer:

January 1 2021  Cash              750000 Dr

                            Bonds Payable    750000 Cr

June 30 2021  Interest Expense  30000 Dr

                             Cash                     30000 Cr

December 31 2021  Interest expense  30000 Dr

                                    Cash                      30000 Cr

Explanation:

The bonds are issued at par so whole 750000 is received in cash on issue date.

The annual interest on bonds is 750000 * 0.08 = 60000

This is paid in equal installments semi annually so semi annual payment is 60000 / 2 = 30000

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Answer:

1 - What solution would you offer if you were Stella and there were budget cuts in your school?

Instead of cutting the class for bright students, all three classes should continue, but with fewer funds. In other words, the funds should be reduced accross the classes.

2 - Is Stella right that bright kids will do well no matter what? Explain your answer.

She is partly right. Bright kids are likely to do well in most situations, however, this does not mean that all bright kids will do well in most situations, or that they will do better in an average classroom, than in a classroom that is catered to them.

3 - At what age is intelligence set? Is there anything you can do to improve your intelligence score on an IQ test?

According to most recent research, the brain seems to mature when a person is in the mid-20s, however, this does not mean that intelligence is "set" at that moment. Intelligence can be improved during most of adult life.

To do better on an IQ test, a person should have healthy habits, and should also incurr in metal stimulation: puzzle, mental games, studying a language, and so on.

4 - Should gifted students and below average students be integrated into the same class? Explain.

Ideally no. If the students are very gifted, they will simply get bored. However, in case it happens, it can also have a positive effect and that is the bright students will probably end up helping the average students.

5 0
3 years ago
A newspaper story on the effect of higher milk prices on the market for ice cream contained the following: "As a result [of the
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Answer:

The price elasticity of demand for icecream is -0.75, that means that is inelastic.

Explanation:

Price elasticity of demand measures the porcentage of the change in the demand when there is a change in the price. If the change in porcentage of the demand is less than the pocentage of change in the price we talk about inelastic demand. An increase in the price of inelastic goods will result in bigger revenues, as the porcentage in the drop of sales is less than the porcentage   of increase in the price.

The formula is: % in change demand/% in change of price

-3%/4= -0.75

The minus symbol indicates that when the price rises the demand decrease.

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3 years ago
High-risk or major functions are addressed in the first cycles there by delivering an operational product. Which of the sdlc pro
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<h3>What is risk?</h3>

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Incrementalism Model SDLC is a subset of a bigger system that divides a project into releases and then incrementally adds capability to each build.

This technique prioritizes the demands of the system, which are then achieved in groups.

Therefore, it can be concluded that option (d) is correct.

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2 years ago
After conducting research, you will need to generate ideas and organize the collected data. Simple organizational techniques wil
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Answer:

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