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2 years ago

inheritance allows a class to automatically reuse and extend the code of similar but more general classes. True or False ?

1 answer:

7 0

True, A class can automatically reuse and extend the code of related but more broad classes through inheritance. The term "inheritance" describes the possessions that a person leaves to their cherished ones after they pass away.

As they struggle, Lauren fights back, and Carson claims to be Lauren's biological father before Catherine grabs his gun and kills him. Together, Lauren and Catherine fill the bunker with gasoline and burn it on fire, eradicating any traces of Carson's confinement. Cash, investments like stocks or bonds, and other things like jewellery, cars, works of art, antiques, and real estate can all be included in an inheritance. The bizarre tale of Dani Shapiro's discovery that she was not her father's biological daughter at the age of 54 is told in her book Inheritance. A form of heredity known as "hard inheritance" clearly eliminates any acquired traits, such as Lamarckism. It is completely opposed to soft inheritance, a term used by Ernst Mayr to contrast various inheritance theories. It turns out that Carson drugged and raped Catherine 30 years before the events of Inheritance. When Archer learned, he coerced Carson into his car and began driving toward the woods, likely with the intention of killing him.

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On January 1, 2021, Instaform, Inc., issued 10% bonds with a face amount of $50 million, dated January 1. The bonds mature in 20

skelet666 [1.2K]

Answer:

1-a. Determine the price of the bonds at January 1, 2021.

PV of face value = $50 / (1 + 6%)⁴⁰ = $4,861,109

PV of coupon payments = $2.5 x 15.046 (PVIFA, 6%, 40 periods) = $37,615,000

market price = $42,476,109

1-b. Prepare the journal entry to record their issuance by Instaform.

Dr Cash 42,476,109

Dr Discount on bonds payable 7,523,891

Cr Bonds payable 50,000,000

2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2021.

PV of face value = $50 / (1 + 4.5%)⁴⁰ = $8,596,435

PV of coupon payments = $2.5 x 18.40158 (PVIFA, 4.5%, 40 periods) = $46,003,961

market price = $54,600,396

2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform.

Dr Cash 54,600,396

Cr Bonds payable 50,000,000

Cr Premium on bonds payable 4,600,396

3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, prepare the journal entry to record the purchase by Broadcourt.

Dr Bonds receivable 50,000,000

Dr Discount on bonds receivable 4,600,396

Cr Cash 54,600,396

8 0

3 years ago

Perez Corporation has 100,000 shares of $1 par value common stock and 20,000 shares of 8% cumulative preferred stock, $100 par v

xxMikexx [17]

Answer:

Option D is correct,$1,950,000

Explanation:

In order to compute the closing balance of retained earnings, the preferred shares dividends for prior and current years as well as the common stock dividend must be deducted from net income before adding the remnant to the opening retained earnings:

Net income $870,000

Preferred dividend prior year($100*20000*8%) ($160,000)

Preferred dividend current year($100*20000*8%) ($160,000)

Common stock dividend($2*100,000) ($200,000)

net income after dividends $350,000

Closing retained earnings=$1600,000+$350,000

=$1,950,000

6 0

4 years ago

Read 2 more answers

State the difference between individual and community goods and services<br>

Luden [163]

Good are things that you can physically have but services are like someone cleaning your house

3 0

3 years ago

You are analyzing the cost of capital for a firm that is financed with 65 percent equity and 35 percent debt. The cost of debt c

ExtremeBDS [4]

Answer:

c. 15.8%

Explanation:

The cost of equity is the WACC (weighted average cost of equity)

WACC formula = wE*rE + wD*rD(1-tax) , whereby

wE = weight of equity = 65%

rE = cost of equity = 20%

wD = weight of debt=35%

rD(1-tax ) = after tax cost of debt =8%

WACC = (0.65 *0.20) + (0.35*0.08)

= 0.13 + 0.028

= 0.158 or 15.8%

Therefore, the overall cost of capital is 15.8%

8 0

3 years ago

The Weber Company purchased a mining site for $1,600,000 on July 1. The company expects to mine ore for the next 10 years and an

Debora [2.8K]

Answer:

$26,000

Explanation:

To calculate the total depletion expense for a year, we must first calculate the depletion expense for every ton of ore extracted:

depletion expense per ton = cost of the mine / total tons extracted

depletion expense per ton = $1,600,000 / $400,000 = $4 per ton extracted

If during the first year Weber Company extracted 6,500 tons, their depletion expense for the year = 6,500 tons x $4 per ton = $26,000

6 0

4 years ago