Answer:
$42,480
Explanation:
Given that,
Value of bonds = $800,000
Interest rate = 10%
Selling price of bond (Book value) = $708,000
Priced to yield = 12%
The semi-annual yield is calculated as follows:
= 12% / 2 (because the interest is payable semiannually on June 30 and December 31)
= 6%
Therefore, the semi-annual bond interest expense:
= Selling price of bond × semi-annual yield
= $708,000 × 6%
= $42,480
Hence, the Blair should report bond interest expense for the six months ended June 30, 2021 in the amount of $42,480.
But the actual cash paid for the interest expense will be:
= (Value of bonds × Interest rate on bonds)
= [$800,000 × (10%/2)]
= $800,000 × 5%
= $40,000
So, the amortization for bond discount is the difference between actual cash paid and bond interest expense:
= $42,480 - $40,000
= $2,480
<u>Foreign Exchange Market</u> are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of businesses and other clients
<h3>What is Foreign Exchange Market?</h3>
A decentralized, open market where currencies are traded on a worldwide scale is known as the foreign exchange market. For every currency, this market establishes exchange rates. It covers every facet of acquiring, disposing of, and exchanging currencies at the going rate or set rate.
<h3>Why foreign exchange is important?</h3>
Foreign exchange refers to the exchange of various national currencies or units of account. It is crucial because a country's economic health and, consequently, the happiness of all its citizens, are determined by the exchange rate, or the cost of one currency in relation to another.
To know more about Foreign Exchange visit:
brainly.com/question/11135015
#SPJ4
I really don’t know but mark me brainliest because I lost most of my points
Answer:
The subject property should be valued at $760,000
Explanation:
Sales comparison approach to valuation in real estate values properties by comparing their similar characteristics, and the features are priced. The total value of a property is thus the addition of all features.
In the instance given, both properties have 3 bedrooms and 2 bathrooms and so using comparison theses features are equally priced at $690,000.
So the property with the golf course will have $690,000 added to the value of the golf course ($70,000).
That is $760,000.
Answer:
$11,510
Explanation:
Calculation for the gross margin amount from the four transactions
First is to find the Cost of goods sold
Cost of goods sold = ($13,900 - $3,400) × (100%-2%)
Cost of goods sold=$10,500*0.98
Cost of goods sold=$10,290
Last step is to find the gross margin amount using this formula
Gross margin amount=Sales revenue - Cost of goods sold
Let plug in the formula
Gross margin amount=$21,800-$10,290
Gross margin amount=$11,510
Therefore the gross margin amount from the four transactions will be $11,510
