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kykrilka [37]
2 years ago
5

On May 1, Pierce Company purchased $60,000 of Stanton Company’s 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pi

erce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest.What are the total proceeds from the February 1 sale?
Business
1 answer:
8_murik_8 [283]2 years ago
6 0

Answer:

Total proceeds = 52000

Explanation:

given data

purchased = $60,000

rate = 12 %  = 0.12

sold = $50,000

accrued interest = $2,400

solution

we get here Total proceeds that will be express as  

Total proceeds = [ sold × accrued interest ] + [ sold ×  rate  × 1 ]   ................1

put here value in equation 1 and we will get

Total proceeds = [ 50000 × 1.03 ] + [ 50000 × \frac{.12}{12} × 1 ]

Total proceeds = 51500 + 500

Total proceeds = 52000

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A __________________ exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run ave
kobusy [5.1K]

Answer:

Natural monopoly

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Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.

6 0
3 years ago
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Answer:

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Answer:

Explanation:

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