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
Sladkaya [172]
3 years ago
11

On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191

,000. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 isa. $21,800
b. $10,900
c. $18,200
d. $29,000
Business
1 answer:
Verdich [7]3 years ago
5 0

Answer:

a. $21,800

Explanation:

The discoun of issuance of the bond is amortized over the period until maturity. Total Interest expesne on a discounted bond is the sum of the coupon payment and the amortization of the discount amount.

Coupon payment = $200,000 x 10% = $20,000 per year

Discount on the bond = $200,000 - $191,000 = $9,000

Discount amotized per year = $9,000 / 5 = $1,800

Total Interest Expense = Coupon Payment + Amortization of Discount

Total Interest Expense = 20,000 + 1800 = $21,800

You might be interested in
5 year plan example for high school seniors
SOVA2 [1]

\huge{ \underline{ \underline{ \mathtt{ \purple{A} \pink{N} \green{S} \blue{W} \red{E} \orange{R}}}}}♡

A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.

Hope it helps ♡♡

7 0
2 years ago
Belinda is in charge of both accounting and investments and all of the employees involved with these functions at her firm. Beli
Andrej [43]

Belinda is in charge of both accounting and investments and all of the employees involved with these functions at her firm. Belinda is "Financial Manager".

<h3>Who is financial manager?</h3>

Financial manager examine financial information compiled by accountants, keep track of the company's financial situation, and create and carry out financial strategies.

The roles of financial manager are-

  • creating reliable financial information and reports
  • cash flow statements being created
  • estimating a profit
  • controlling credit
  • giving guidance on financial decision-making
  • investing guidance
  • generating financial projections
  • Budgeting

Therefore, one of the most crucial duties of business owners and managers is financial management.

To know more about accounting, here

brainly.com/question/26690519

#SPJ4

3 0
2 years ago
The amount of money left in a checking account after the checks and the service charges have been deducted is called the:
BabaBlast [244]

Answer:probably interest

Explanation:

3 0
3 years ago
Read 2 more answers
For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could b
hodyreva [135]

Answer: (A) Computer service expenses of production scheduling for operating departments

Explanation:

 The computer services expenses of the production scheduling is one of the type of indirect expenses and also the type of service department expenses type in the operating department.

 The indirect expenses is one of the type of expenses that cannot be directly contribute with the cost object or services in the business department expenses.

 According to the given question, the computer service expenses is one of the allocation basis that is used as the indirect expenses in an organization or firm and the indirect expenses are categorized into two main parts that is:

 1) Fixed

 2) Recurring

Therefore Option (A) is correct answer.          

5 0
3 years ago
Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. Assuming that the fixed monthly expe
Natali5045456 [20]

Answer:

c. $36,070

Explanation:

contribution margin ratio is the ratio of the contribution to sales of an entity for a given period.

contribution margin ratio= contribution/sales

where contribution is the difference between sales and the variable cost

Given;

sales = $137,000

contribution margin ratio = 61% = 0.61

0.61 = contribution/$137,000

contribution = $137,000 × 0.61

= $83,570

Net operating income is the difference between the contribution and the fixed cost.

Fixed cost = $47,500

Net operating income = $83,570 - $47,500

= $36,070

3 0
3 years ago
Other questions:
  • The video mentions the loss of U.S. manufacturing jobs to overseas locations. What is this called? What is the opposite trend th
    14·1 answer
  • General Product Inc. distributed 140 million coupons in 2021. The coupons are redeemable for 40 cents each. General anticipates
    9·1 answer
  • Consider a firm with a 9.5% growth rate of dividends expected in the future. The current year’s dividend was $1.32. What is the
    5·1 answer
  • I am required to let my supervisor and human resources know if my license or certification lapses
    5·1 answer
  • Landmark Corp. buys $500,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are
    11·2 answers
  • 17- Dell was one of the first companies to change the customer​ experience, allowing customers to order and configure their own
    6·1 answer
  • When formulating a positioning strategy, a multiple-benefits approach is strongly suggested to satisfy many markets at the same
    9·1 answer
  • Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busines
    7·1 answer
  • According to modern growth theory, the key to economic growth is Group of answer choices a large pool of unskilled labor. skille
    14·1 answer
  • The internal growth rate of a firm is best described as the ______ growth rate achievable ______
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!