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Norma-Jean [14]
3 years ago
9

On january 1 of year 1, congo express airways issued $3,700,000 of 6% bonds that pay interest semiannually on january 1 and july

1. the bond issue price is $3,360,000 and the market rate of interest for similar bonds is 7%. the bond premium or discount is being amortized at a rate of $11,333 every six months. the amount of interest expense recognized by congo express airways on the bond issue in year 1 would be
Business
1 answer:
erastova [34]3 years ago
6 0
<span>The amount of interest expense recognized by Congo Express Airways would be $199,334 after one year of being issued. This is calculated by finding 6% of the $3,700,000 which is $222,000. Then subtracting the amortized amount of $22,666 per annum, which was found by doubling the 6 month rate of $11,333. This gives you a total of $199,334.</span>
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The fact that there is a criminal investigation pending against Johnson and Johnson suggests that regulators feel that the compa
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Answer:

The correct answer is (b)

Explanation:

Corporate social responsibility is an important factor that every business must accomplish to maintain goodwill among its customers. In many countries, there are certain rules and regulation to follow. Johnson and Johnson according to the regulations is not meeting its obligations at a legal level. As there are rules and regulation of CSR, so whoever will not follow them, they will be charged on a legal level.

8 0
3 years ago
SnowPants for the children’s department cost $27.60 each. If a 54% markup is required, what minimum retail would achieve this ma
Murrr4er [49]

Answer:

$42.51

Explanation:

markup percentage = (selling price - cost) / cost

54% = (selling price - $27.60) / $27.60

54% x $27.60 = selling price - $27.60

$14.904 = selling price - $27.60

selling price = $42.504 ≈ $42.51 we must round up since we are looking for the price that would yield the markup %, if we round down, then the markup % would be slightly below 54%

7 0
3 years ago
If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of
Alinara [238K]

Answer:

D : cost of goods sold

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6 0
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On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumulated depreciation o
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Answer:

journal entry  are given below

carrying value = $4000 and cash received is $2000

Explanation:

given data

delivery van cost = $20,000

accumulated depreciation = $16,000

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solution

journal entry  are

date                              title                                          debit          credit

December 29, 2019    Cash                                        $2000

                                   Accumulated depreciation      $16000

                                   Delivery van                                                  $20000

note that

here carrying value is = $20000 - $16000

carrying value = $4000

and cash received is $2000

7 0
3 years ago
Which one of the following is not true when the economy is in macroeconomic​ equilibrium? A. When the economy is at​ long-run eq
uranmaximum [27]

Answer:

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So that Option C is the right answer.

6 0
3 years ago
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