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Dominik [7]
3 years ago
12

The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 7%

bonds with a face amount of $570,000 on November 1, 2016. The bonds sold for $513,591, a price to yield the market rate of 8%. The bonds mature October 31, 2036 (20 years). Interest is paid semiannually on April 30 and October 31.
Required:
1. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2016?2. What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2016?3. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2017?4. What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2017?

Business
1 answer:
frez [133]3 years ago
3 0

Answer:

Explanation: see attachment below

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Identify the risks exist in the conversion cycle of Central Production Limited.
Elenna [48]

Answer:

Authorization of transactions

Explanation:

In simple words, There is indeed a possible possibility of getting into a contract multiple times owing to uncertain subordination. To order to minimise this, all workers will obey the defined rules for multiple purchases, such as the fixed pricing chart, to insure that it is a minimal amount of mistake.

     A few assigned staff members should be delegated with difficult responsibilities linked to their divisions, such as the manufacturing clerk, who is accountable for revamping the internet material bill as well as the path sheet documents in order to decrease human mistake.

6 0
3 years ago
Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $480,000, va
marin [14]

Answer:

If 41,000 of costs will remain, it is more convenient to maintain the gloves and mittens line. It gives the possibility to keep working, maintain workers and try to make it to positive profit.

Explanation:

Giving the following information:

Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $480,000, variable expenses of $364,000, and fixed expenses of $150,000. Therefore, the gloves and mittens line had a net loss of $34,000. If Gator eliminates the line, $41,000 of fixed costs will remain.

Sales= 480,000

Variable expense= 364,000

Fixed expense= 150,000

Profit= -34,000

If 41,000 of costs will remain, it is more convenient to maintain the gloves and mittens line. It gives the possibility to keep working, maintain workers and try to make it to positive profit.

6 0
3 years ago
Write age and snap if your a girl if your a boy do the same and we can be friends if you want to
Masja [62]

14

Explanation: dont have friends

3 0
3 years ago
6. Respond to the following prompts about the goals and effects of government spending on the
zysi [14]

Any type of government-funded program, such as health care, social assistance, unemployment benefits, payments to banks, and national military, can have an impact on government spending.

What is government?

The term "Government" is legal authority or system which is controlled by office, public sector, country and state.

The government's main objectives are to increase the macroeconomic supply side, which includes spending on things like education, health care, and training to increase labor productivity as well as providing subsidies to help people financially.

Government spending has a negative impact on the economy because it drives inflation by raising living expenses through subsidies. Demand is artificially raised by government subsidies.

As a result, factors including health, social services, unemployment benefits, etc. may have an impact on government spending.

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brainly.com/question/10785628

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6 0
1 year ago
Birk Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.
Kitty [74]

Answer:

$4,373

Explanation:

we will check lower of cost or market for individual items:

Minolta :

= Market value per unit × No. of units

= 158 × 5

= $790

Canon :

= Cost per unit × No. of units

= 145 x 7

= $1,015

Vivitar:

=  Market value per unit × No. of units

= 114 x 12

= $1,368

Kodak:

= Cost per unit × No. of units

= 120 x 10

= $1,200

Total amount should be reported on Brik Camera Shop's financial statements:

= $790  + $1,015  + $1,368  + $1,200

= $4,373

4 0
3 years ago
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