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uranmaximum [27]
3 years ago
9

On January 1, Year 1, Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issue at face value. Th

e bonds have a stated interest rate of 8% and pay interest once per year on December 31. What is the amount of interest expense recorded on December 31, Year 1?
Business
1 answer:
hichkok12 [17]3 years ago
6 0

Answer:

The amount of interest expense which is to be recorded as on December 31, Year 1 is $8,000

Explanation:

Interest expense is the expense which is incurred or happen through an entity for the borrowed funds. It is the non-operating expense that shows or stated on the income statement.

The amount of interest expense which is to be recorded as on December 31, Year 1 is computed as:

Interest expense = Issued amount of bonds × Interest rate

where

Issued amount of bonds is $100,000

Interest rate is 8%

So, putting the values above:

Interest expense = $100,000 × 8%

Interest expense = $8,000

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QUICKEST AND BEST ANSWER GETS A FOLLOW AND BRAINLIEST
Bumek [7]
Back in 2015, McDonald’s was struggling. In Europe, sales were down 1.4% across the previous 6 years; 3.3% down in the US and almost 10% down across Africa and the Middle East. There were a myriad of challenges to overcome. Rising expectations of customer experience, new standards of convenience, weak in-store technology, a sprawling menu, a PR-bruised brand and questionable ingredients to name but a few.

McDonald’s are the original fast-food innovators; creating a level of standardisation that is quite frankly, remarkable. Buy a Big Mac in Beijing and it’ll taste the same as in Stratford-Upon Avon.

So when you’ve optimised product delivery, supply chain and flavour experience to such an incredible degree — how do you increase bottom line growth? It’s not going to come from making the Big Mac cheaper to produce — you’ve already turned those stones over (multiple times).

The answer of course, is to drive purchase frequency and increase margins through new products.
Numerous studies have shown that no matter what options are available, people tend to stick with the default options and choices they’ve made habitually. This is even more true when someone faces a broad selection of choices. We try to mitigate the risk of buyers remorse by sticking with the choices we know are ‘safe’.

McDonald’s has a uniquely pervasive presence in modern life with many of us having developed a pattern of ordering behaviour over the course of our lives (from Happy Meals to hangover cures). This creates a unique, and less cited, challenge for McDonald’s’ reinvention: how do you break people out of the default buying behaviours they’ve developed over decades?


In its simplest sense, the new format is designed to improve customer experience, which will in turn drive frequency and a shift in buying behaviour (for some) towards higher margin items. The most important shift in buying patterns is to drive reappraisal of the Signature range to make sure they maximise potential spend from those customers who can afford, and want, a more premium experience.
I hope this was helpful
8 0
2 years ago
Which of the following is not possible when recording a transaction?A. Liabilities increase and assets decrease.B. Stockholders'
Basile [38]

Answer:

Liabilities increase and assets decrease.

Hope this helps!

3 0
3 years ago
Solve the problem using 6.2%, up to $128,400 for Social Security tax and using 1.45%, no wage limit, for Medicare tax.
bekas [8.4K]

$3878.55

Explanation:

Step 1 :

It is given that Kristy has a biweekly gross earnings of $1950.

Since it is bi-weekly payments there are 26 payments in the year.

Gross earnings per year = 1950 * 26 = $50,700

Step 2 :

It is given that the social security tax is 6.2% up to $128,400. Kristy's earnings of 50,700$ does not exceed the threshold $128,400, hence 6.2% of her entire income is subject to social security withholding.

Social security withholding = 6.2% of 50,700 = 6.2*50700/100 = $3143.40

Step 3 :

It is given that Medicare tax is 1.45% with no wage limit

Medicare withholding = 1.45% of 50,700 = 1.45*50700/100 = $735.15

Total withholding = Social Security withholding + Medicare withholding 3143.40 + 735.15 = $3878.55

7 0
3 years ago
I WILL MARK THE BRAINLIEST
Nikitich [7]

Answer: B

Explanation: Cockroaches have a strong oily odor from them.

6 0
3 years ago
McKay Company sells lamps and they have decided that they would make the price of their lamps 30% more than what it cost the com
julsineya [31]
I believe the answer is $47.50
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3 years ago
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