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Anarel [89]
3 years ago
6

On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela

ted entry, Bonds Payable had a balance of $450,000 and Premium on Bonds Payable had a balance of $11,795. Spearmint uses the straight-line bond amortization method. The first semiannual interest payment was made on June 30, 2020. Prepare journal entry for June 30, 2020.
Business
1 answer:
Ilya [14]3 years ago
3 0

Answer:

Explanation:

Cash Payment to customers: $450,000 x contract rate of 9% x 1/2 = $20,250

Amortization of the premium: $11,795/6 periods = $1,966

Bond interest Expense: $20,250 - $1966 = $18,284

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The New American Enterprise Mutual Fund's portfolio is valued at $120,000,000. The fund has liabilities of $4,000,000, and the i
sasho [114]

Answer:

e. $20

Explanation:

The net asset value (N) for The New American Enterprise Mutual Fund's portfolio is given by the funds total value ($120,000,000) subtracted by its liabilities ($4,000,000)  and then divided by the number of shares issued (5,800,000) .

N = \frac{\$120,000,000-\$4,000,000}{5,800,000} \\N=\$20

The fund's net asset value is $20

3 0
3 years ago
Kevin is looking at two brands of washing machines. Between water and electricity, a Brand C washer uses about $0.65 per load, a
Lady_Fox [76]

Based on the utility costs of Brand C and D, there will be a difference in utility costs at the end of the year of $22.80.

<h3>How much more would Brand C cost in utility costs?</h3>

First find the utility cost for Brand C in a year:

= 0.65 x 5 x 12 months

= $39

Utility cost of Brand D:

= 0.27 x 5 x 12 months

= $16.20

The difference would be:

= 39 - 16.20

= $22.80

Find out more utility bill calculations at brainly.com/question/14277272.

#SPJ12

3 0
2 years ago
_____ is the process of determining which persons in the applicant pool possess the qualifications necessary to be successful on
ANEK [815]

Answer:

The correct answer is the option E: Selection.

Explanation:

To begin with, in the Human Resources area the process known as <em>selection </em>is the one that focuses in the fact of determining which applicants are the ones that would best fit with the qualifications that are needed for the job and that the company is looking for. Therefore that in this process is where the person who does the interview needs to know exactly what the manager wants when it comes to a new employee so that the person can evaluate all the applicants by those standards in mind and more.

4 0
3 years ago
The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 pe
cricket20 [7]
30 because I don’t know what if I got it back in there at least you know
7 0
2 years ago
Which accurately describes a situation in which consumers have elastic demand?
Sati [7]
I think a good situation would be when people would stop consuming pasta because they are currently planning to lose weight. 

For restaurants that specialize in pasta would definitely be affected by the situation. They would definitely lower down the prices of their pasta specials. It would also affect the producers of pasta because of the decline of these restaurants. For the consumers' end, it would not affect them much because they can substitute pasta with another food which is healthier for them.
4 0
3 years ago
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