Answer:
The appropriate journal entries to record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 are:
White Water journal entries
1-Jan-21
Debit Cash $382,141
Credit Discount on Bonds Payable $27,859
($410,000-$382,141)
Credit Bonds payable $ 410,000
30-Jun
Debit Interest Expenses $ 15,286
($382,141 x 8%/2)
Debit Discount on Bonds Payable $736
Credit Cash $14,350
($410,000 x 7%/2)
31-Dec
Debit Interest Expenses $15,315.08
[($382,141 + 736) x 8%/2]
Credit Discount on Bonds Payable $965.08
($15,315.08-$14,350)
Credit Cash $14,350
($410,000 x 7%/2)
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If the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17 then the each coupon payment is $34.9.
Given the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17.
We are required to find the amount of each coupon payment.
Bond value=$1000
Current yield=6.90%=0.0690
Bond quoted=101.17
Payment method=Semi annual =2 payments
Computation of annual coupon amount:
Current yield=Annual coupon/(Bond value*Bond quoted)
0.0690=Annual coupon/(1000*101.17%)
0.0690=Annual coupon/1011.7
Annual coupon=1011.7*0.0690
Annual coupon=$69.8073
Computation of each payment:
Each payment=Annual coupon /2 payment
Each payment=69.8073/2
Each payment=34.90365
Hence the amount of each payment of bond having par value of $1000 is $34.9.
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Answer:
A is the correct answer.
Explanation:
Inflation causes an arbitrary redistribution of wealth and income. Unexpected inflation is responsible for it. The redistribution of income is caused because the wages and salaries increase rapidly the prices. and other wages and salaries slowly than the price level. The increase in the prices of some assets more rapidly than the price level while the asset prices increase slower than the price level causes the redistribution.
Answer:
Several types of intanigle property, also known as intangible assets, are protected by law. The three main types are: copyrights, patents, and trademarks.
A copyright is a protection of a creative work like a book, a song, or a film
A patent is a legal protection for a scientific or technological invetion.
And a trademark is a protection of a phrase, name, brand, or symbol that identifies a particular company.
Like toys r us it failed because they always had low costs and low profits from their toys.
