1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BlackZzzverrR [31]
3 years ago
7

Thomas Marley Fitness Gym has $ 700 comma 000 of 20​-year bonds payable outstanding. These bonds had a discount of $ 77 comma 00

0 at​ issuance, which was 10 years ago. The company uses the​ straight-line amortization method. The current carrying amount of these bonds payable is
Business
1 answer:
Aleks04 [339]3 years ago
3 0

Answer:

$661,500

Explanation:

Given that

Bonds payable $700,000

Discount of issuance = $77,000

The computation of current carrying amount is shown below:-

Current carrying amount = Bonds payable - discount on bonds payable

Discount on bonds payable = Discount at issuance  (Issuance ÷ Years bonds payable)

= $77,000 × (10 ÷ 20)

= $38,500

Now we put it into formula

= $700,000 - $38,500

= $661,500

You might be interested in
An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. If the required return is
Reika [66]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. The required return is 5 percent.

A) FV= {A*[(1+i)^n-1]}/i

FV= {6600*[(1.05^10)-1]}/0.05= $83,014.09

PV= FV/(1+i)^n= 83,014.09/1.05^10= $50,063.39

B) n=35

FV= {6600*[(1.05^35)-1]}/0.05= $596,114.03

PV= 596,114.03/1.05^35= $108,069.69

C) n=65

FV= {6600*[(1.05^65)-1]}/0.05= $3,014,866.87

PV= 3,014,866.87/ 1.05^65= $126,463.06

D) PV= 6600/0.05= $132,000

3 0
3 years ago
g A monopoly is a market that has Group of answer choices Only one buyer. Only one seller. Many sellers who sell differentiated
Dahasolnce [82]

Answer:

Only one seller.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

Also, a monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

For example, a public power supply company is an example of a monopoly because it serve as the only source of power supply to the general public in a society.

A public power company refers to a company that provides power (electricity) utility to the general public of a society.

In conclusion, a monopoly is a market that has only one seller.

5 0
3 years ago
A registered representative sends a prospecting letter to customers stating that significant profits can be achieved by purchasi
nalin [4]

Answer:

B) must be balanced by a statement that trading options can also result in significant losses.

Explanation:

Representatives do not trade securities by themselves, they only enter orders on behalf of their clients and following their clients' orders. That means that the clients assume the risk of losing money due to a bad investment. The clients are also the ones that benefit the most since it is their money being invested. Any statement that states the possibility of significant earnings, must also include the possibility of significant losses.

5 0
2 years ago
In terms of commonly traded organizational currencies, sharing tasks that increase someone's skills and abilities and letting ot
saveliy_v [14]

Answer:

Personal

Explanation:

Personal related currencies refers to the currencies that deals with the insipitration and the morality, vision, strength. It basically shows the needs of the person nd the value that actually what person could do

Since in the question it is mentioned that the if the tasks are shared that rise the skills and ablities of the person than this would represent the personal related currencies and hence the same is to be considered

3 0
3 years ago
Sobota Corporation has provided the following partial listing of costs incurred during August: Marketing salaries $ 51,600 Prope
horrorfan [7]

Answer:

Product costs= $259,700

Explanation:

Giving the following information:

Direct materials $ 168,800

Direct labor $ 90,900

<u>The product costs are all expenses directly involved in the production. It generally involves the prime costs (direct material and direct labor).</u>

<u />

Product costs= direct material + direct labor

Product costs= 168,800 + 90,900

Product costs= $259,700

7 0
3 years ago
Other questions:
  • which of the following statements best describes why a client record system is called a "living" record
    6·1 answer
  • ame the five types of customer-introduced variability and discuss options that let companies offer a high level of accommodation
    8·1 answer
  • Which of the following is true of the Discount on Bonds Payable account? The bonds are due inten years.A) It is subtracted from
    6·1 answer
  • To become industrial, a nation must have raw materials, workers, and capital. True or false?
    11·1 answer
  • Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods:
    12·1 answer
  • The management at Dime Corporation is investigating purchasing equipment that would increase sales revenues by $527,000 per year
    12·1 answer
  • Many demographers predict that the United States will have zero population growth in the twenty-first century, in contrast to av
    6·1 answer
  • The following information is available for a company’s maintenance cost over the last seven months.
    5·1 answer
  • Without authorization, Brady uses the trademark of Ciera Coffee Company to promote cheap, flavorless candy, which is not similar
    10·1 answer
  • Presented below is pension information related to MJ Inc. for the year 2021: Service cost $410,000 Interest on projected benefit
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!