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Lena [83]
3 years ago
13

Turner Company issued $300,000 of 6%, 5-year bonds at 98.

Business
1 answer:
Vladimir [108]3 years ago
3 0

Answer:

d. $19,200

Explanation:

Turner Company issued $300,000 of 6%, 5-year bonds at 98. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?.

=($300,000 x 6% plus $6,000/5)

Therefore the correct answer is d)$19,200

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The Young Americans for Freedom: Question 9 options: believed that the free market assured personal freedom. worked in tandem wi
katrin2010 [14]

Answer:

The correct option is<em> "A." which is  "believed that the free market assured personal freedom."</em>

The Young Americans for Freedom was based on the<em> Sharon Statement.</em>

<em></em>

Explanation:

<em>The Young Americans for Freedom (YAF) </em><em>is an ideologically conservative youth activism organization that was founded in 1960 as a coalition between traditional conservatives and libertarians on American college campuses.</em>

<em />

<em>The summary of the Core Principles of the Sharon Statement are:</em>

  • <em>    Individual freedom and the right of governing originate with God;</em>
  • <em>    Political freedom is impossible without economic freedom;</em>
  • <em>    Limited government and strict interpretation of the Constitution;</em>
  • <em>    The free market system is preferable over all others;</em>
  • <em>    Communism must be defeated, not contained.</em>
8 0
3 years ago
Read 2 more answers
Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $469,000. The asset is expected to have a service lif
marissa [1.9K]

Answer:

to calculate depreciation using the sum-of-the-years'-digits method:

n(n+1) divided by 2 = [12(13)] / 2 = 78

depreciable value = cost - salvage value = $469,000 - $40,000 = $429,000

  1. depreciation year 1 = 12/78 x $429,000 = $66,000
  2. depreciation year 2 = 11/78 x $429,000 = $60,500
  3. depreciation year 3 = 10/78 x $429,000 = $55,000

the formula used to calculate depreciation using the double-declining-balance method is:

2 x cost of the asset x depreciation rate

  1. depreciation year 1 = 2 x $469,000 x 1/12 = $78,167
  2. depreciation year 2 = 2 x ($469,000 - $78,167) x 1/12 = $65,139
  3. depreciation year 3 = 2 x ($390,833 - $65,139) x 1/12 = $54,282
6 0
3 years ago
An express warranty is created when a seller: makes an affirmation of fact or promise concerning the goods that becomes part of
laiz [17]

Question:

An express warranty is created when a seller:

A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.

B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.

C) sells goods meant for use for ordinary purposes.

D) avoids using a sample or model as the basis for the contract.

Answer:

The correct choice is A)

An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.

Explanation:

For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.

This warranty usually is stated upfront prior to or during the execution of the sales transaction.

Cheers!

4 0
3 years ago
An example of Web 2.0 is a high school student promoting his or her poetry on a blog.
puteri [66]
I believe the answer to this question is : False
6 0
3 years ago
Read 2 more answers
Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will
OverLord2011 [107]

Answer:

$3760

Explanation:

Calculation to determine the December 31 balance in Bad Debt Expense

Using this formula

Bad debt expense = Credit sales × Uncollectible percentage

Let plug in the formula

Bad debt expense= $94,000 × 4%

Bad debt expense= $94,000 × 0.04

Bad debt expense= $3760

Therefore the December 31 balance in Bad Debt Expense will be $3760

8 0
2 years ago
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