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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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Answer:

Selective retention.

Explanation:

Selective retention occurs when a person more easily remembers things that are closer to their beliefs, values, and Interests than things that are not.

Luis does not want to do his shopping at big box stores but prefers to shop locally. So when he reads about one of the big box stores (which is not his preference) is doing a big sale next week, he does not remember it because it is not consistent with what he wants. This is an example of selective retention.

7 0
3 years ago
Shannon signs a contract with tevin, an unlicensed contractor, to build a deck and gazebo at the rear of her house. this contrac
Bingel [31]

The answer is noone.

8 0
3 years ago
Productivity (output per worker hour of a bicycle manufacturing plant with 600 employees
emmasim [6.3K]

Answer:

b. 2

Explanation:

2400000/50/40/600 = 2

6 0
3 years ago
Recently, Raj switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Raj recog
Natali5045456 [20]

According to Maslow's hierachy of needs, the most important hierarchy for Raj is esteem, which symbolizes the individual's desire to be valued by himself and others in society and the workplace.

Maslow developed the pyramid of the hierarchy of human needs, with the aim of explaining how individuals are moved to take actions to meet their needs according to a pre-established order.

The pyramid of needs is divided into five parts, and comprises the most basic needs, which are biological, to the most complex, which are psychological needs. Are the:

  1. Physiological needs.
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  3. Love and belonging.
  4. Esteem.
  5. Self-actualization.

Therefore, Raj finds himself in the esteem stage, where he is looking for respect, status and recognition. When his esteem needs are met, he will move into the self-actualization hierarchy, where he will demonstrate greater creativity, talent, and personal development.

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6 0
3 years ago
Hayden Company is considering the acquisition of a machine that costs $406,000. The machine is expected to have a useful life of
kow [346]

Answer:

c.4.2 years

Explanation:

The computation of the estimated cash payback period is given below:

As we know that

the estimated cash payback period is

= initial investment ÷ net cash flow per period

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= 4.2 years

Hence, the estimated cash payback period is 4.2 year

Therefore the option c is correct

4 0
2 years ago
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