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bearhunter [10]
2 years ago
9

Tano issues bonds with a par value of $180,000 on January 1, 2016. The bonds' annual contract rate is 8%, and interest is paid s

emiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $170,862. 1. What is the amount of the discount on these bonds at issuance
Business
1 answer:
Sauron [17]2 years ago
5 0

Answer:

The discount on the bonds issuance is $9,138.00

Explanation:

discount on bonds at issuance=bonds face value-bonds cash proceeds

bonds face value is $180,000

bonds cash proceeds =$170,862

Discount on bonds at issuance=$180,000-$170,862

Discount on bonds at issuance=$9,138.00  

The necessary journal entries to record the bonds issuance are follows:

Dr Cash                                $170,862.00

Dr discount on bonds issue $9,138.00

Cr Bonds payable                                   $180,000

The discount on the bonds would amortized over relevant years

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Answer:

$20,880

Explanation:

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In order to allocate the building operation costs to Operating department A, we need to determine what percentage of the building space taken up by Operating departments is used by Operation Department A.

There is a total of 50000 square feet and Operating Department A occupies 60%(30000/50000 of that.

So Operating Department A will get 60% of the building costs

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3 years ago
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Answer:

The letter A is the right one.

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2 years ago
A farmer sells $50,000 worth of apples to individuals who take them home to eat, $75,000 worth to a company that uses them all t
IrinaK [193]

Answer:

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3 years ago
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Lelu [443]

Question Completion:

What is a price floor?

Answer:

A price floor of $2 for milk producers across Arizona and nationwide means that the government does not want the price of milk to fall below $2.  This measure enables dairies to remain in operation.  It favors producers to the detriment of consumers, at least in the short-run.

Explanation:

However, assuming that the market was efficient before the price floor was introduced by the government, the price floor of $2 per gallon for milk could cause a deadweight loss to occur.  In Economics, a deadweight loss reduces economic efficiency.   It implies that consumers pay a higher price for the same quantity of goods they were purchasing before the price floor was introduced. Thus, the reaction of consumers would be to reduce their demand or drop out of the market entirely (instead of producers dropping out of the market through the normal operation of the market forces).

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What is horizontal segmentation?
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