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Step2247 [10]
3 years ago
8

Crawford Corporation issues $100,000 of 7% bonds on January 1, Year 1. The bonds have a six-year term and pay interest semiannua

lly on June 30 and December 31 each year. Assuming a market interest rate of 6%, what is interest expense on the bonds on December 31, Year 1?

Business
1 answer:
Luda [366]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the attached archives.

Explanation  

Please consider the information provided by you in the exercise. If you have any question please write me back. Please take a look to the image attached.  

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Capital Consulting Company had 390,000 shares of common stock outstanding on December 31, 2017. On that date, there were also 4,
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Answer:

Basic earning per share = $3.69

Explanation:

Earning per share (EPS) = earnings available to ordinary shareholders/ number of ordinary shares

Number of ordinary shares = 390,000 × 2 = 780,000 units

Net income                                           2,900,000

Preferred dividend                               <u>  ( 24,000)</u>

Earnings available to shareholders     <u>2,876,000</u>

Number of ordinary shares                   780,000 units

Earnings per shares =   $2,876,000/780,000 units

                                  = $3.69

5 0
3 years ago
The sales for​ January, February, and March are​ $150,000, $180,000 and​ $220,000, respectively. For any particular month of​ sa
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Answer:

Total cash= $193,000

Explanation:

Giving the following information:

Estimated sales ($):

January= $150,000

February= $180,000

March= $220,000

40% in cash from that same month of​ sales

50% in cash from the previous​ month's sales

10% in cash from the sales from two months ago

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From March= 220,000*0.4= 88,000

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From January= 150,000*0.1= 15,000

Total cash= $193,000

3 0
3 years ago
After major hurricanes like Katrina, many ethical home repair and building supply businesses continue to charge pre-hurricane pr
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Answer:

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Although there was no direct fall in income however the loss of property means a negative impact on already earned income. Hence charging higher prices because of higher demand will be a misunderstanding of the income elasticity of demand.

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