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
Airida [17]
3 years ago
14

Jurgenson Company issued bonds with a $100,000 face value on January 1, 2019. The five-year term bonds were issued at 98 and had

a 7% stated rate of interest that is payable in cash on December 31st of each year. Jurgenson amortizes the bond discount using the straight-line method. Based on this information:
The amount of cash outflow from operating activities shown on Jurgenson’s December 31, 2019, statement of cash flows would be:

a.$7,000.
b.$7,200.
c.$7,400.
d.$7,800.
Business
1 answer:
vekshin13 years ago
4 0

Answer:

Option A. $7000

Explanation:

The reason is that in the statement of cash flow, the interest expense for the year paid is an cash ouflow and must be deducted from the operating activities as it the companies borrow to finance its operations to perform better. Hence it is related to operating activities, so it must be deducted from the operating activities.

The interest paid at the end of the year is $7000 ($100,000 * 7%).

You might be interested in
A friend offers you a Coke, a Dr. Pepper, or a 7-Up. You don't like Coke, so after some thought, you take the Dr. Pepper. What i
Leokris [45]
<span>An opportunity cost is the value or benefit that must be given up to acquire or achieve something else. In this case whatever you choose (Coke, Dr.Pepper or 7-UP) everything would be free , at zero cost. This means that the opportunity cost in this case is zero, because the drink is free.</span>
4 0
3 years ago
Assuming Year 2 net credit sales totaled $122,000, what was the company's average days to collect receivables
Montano1993 [528]

Answer:

44.88 days

Explanation:

Note: The full question is attached

Average amount of accounts receivables = ($16,000+$14,000)/2

Average amount of accounts receivables = $15,000

Average days to collect receivables = Days * AR / Credit sales  

= 365 * $15,000 / $122,000

= 44.87704918032787 days

= 44.88 days

4 0
3 years ago
Oregon Co.'s employees are eligible for retirement with benefits at the end of the year in which both age 60 is attained and the
-BARSIC- [3]

Answer:

$205,592

Explanation:

Interest cost is the Present Value of this $ 20,000 annuity streams at time zero i.e. ( Year 2022

Value of annuity stream = $ 20,000 x 11.11839

Present Value of annuity streams at 2015 =$ 222,367.80

Discount Factor for 2017 = (1.04)-2 = 0.92456

Present Value at 2022= $ 222,367.80 x 0.92456

Service Cost= $ 205,592

5 0
3 years ago
The movie was great, but the sound was terrible. Many theatergoers take to social media to complain. Which action is most likely
Strike441 [17]
Where are the options?
3 0
3 years ago
Read 2 more answers
What is the customer demand in the uk for international foods?<br><br> need a detailed answer please
Romashka [77]
UK cuisine is largely international, with curry (for instance) being the most popular foodstuff in the UK, originating from Asia.

As Hungarian, Italian, Greek, Indian, French, Chinese, Vietnamese, Mongolian, and any number of other exotic food outlets are thriving in London, for instance, it would suggest that customer demand for these foodstuffs is enough to sustain business.

A large number of mixed Polish/Halal grocery shops have opened in areas of South London in recent years, catering to an increased number of workers and immigrants from the Middle-East and Eastern Europe.

The good old Fish'n'Chips shop is still going strong.

Many have expanded their menu to include kebabs - only fair, as kebab shops tend to sell chips too...
5 0
3 years ago
Other questions:
  • An agreement to settle a debt for less than the sum claimed is referred to as?
    9·1 answer
  • Layla is a salesperson at mandrin corp. and is preparing to make a sales call. she should use a check-back after she:
    11·1 answer
  • What are companies doing to respond effectively to increasing segmentation of the marketplace? Following a traditional sales mod
    11·1 answer
  • Chang, Inc.'s balance sheet shows a​ stockholders' equity-book value​ (total common​ equity) of ​$750 comma 500. The​ firm's ear
    8·1 answer
  • What amount should Dunbarn report as cash provided (used) by investing activities in its statement of cash flows for the year
    7·1 answer
  • Which of the following statements is CORRECT?
    13·1 answer
  • Elain's Inflatables earns service revenue by providing party planning services and inflatable playscapes. Elaine?'s Inflatables
    6·1 answer
  • "Native advertising refers to" promotion that looks like content. minimalist promotion relying on few graphics. content that loo
    15·1 answer
  • Which of the following is likely to happen if you climb the career ladder?
    6·2 answers
  • The balance sheet items of Kiner company as of December 31, current year, follow in random order
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!