1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnesinka [82]
3 years ago
6

On November 1, 2019, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2019, and in

terest is payable each November 1 and May 1. Davis uses the straight-line method of amortization.
How much is the semi-annual interest expense when the straight-line method of amortization is utilized?


A. $1,095.


B. $2,055.


C. $2,190.


D. $2,010.
Business
1 answer:
Tcecarenko [31]3 years ago
8 0

Answer: A.) $1,095

Explanation:

Bond value = $30,000

Rate = 7%

Period = 10 years

Issue price = $29,100

Bond value × rate :

30,000 × 0.07 = $2100

Semi annually:

$2100 / 2 = $1050

(Bond value - issue price) ÷ (period × 2)

($30,000 - $29,100) / (10 × 2)

$900 ÷ 20 = $45

$1050 + $45 = $1,095

You might be interested in
A hurricane hits the coast of the United States, destroying oyster farms. Afterward,
Free_Kalibri [48]
Answer: C. Scarcity

The situation is an example of scarcity.
5 0
2 years ago
Read 2 more answers
Modern corporation operates a steel mill. it has never contributed anything to the local community, and it knowingly pollutes bo
svetlana [45]

I guess the correct answer is the narrow view, or invisible hand theory .

The narrow view, or invisible hand theory, holds that producing profit is more important than being socially responsible.

5 0
3 years ago
In a balanced budget, the amount you ______ is ______ the amount you earn.
Anit [1.1K]

Answer:

Answer is b

Explanation:

brainliest maybe?

5 0
2 years ago
Read 2 more answers
Tom Gettback buys 100 shares of Jobnson Walker stock for $87.00. per share and a 3-mont Johnson Walker put option with an exerci
Bad White [126]

Answer:

b. $200 loss is the correct option

Explanation:

=100*(105-87)+(MAX(105-105,0)-20)*100

=-200

7 0
3 years ago
Looking at Channel 4’s strengths, their ability to appeal to different niche audiences is the highlight of the company. One of
Colt1911 [192]

Answer:

True

Explanation:

Remember, that the term 'company strength' is commonly used to refer to the overall advantages a company has.

Thus, when it was said that Channel has the ability to appeal to different niche audiences that they can guarantee a "16 to 34 year old ABC1 audience at peak viewing times.

Also, mention was made about the company receiving 17 Oscar nominations in the year 1994. All this facts highlights the company's strength.

7 0
3 years ago
Other questions:
  • Peggy andrews has a charge account at davis jewelers, which uses the unpaid-balance method of computing finance charges. the per
    7·1 answer
  • Due to increased mailing costs the new rate will cost $54 million this is 12.9% more than they paid the previous year. How much
    5·1 answer
  • Last year, Candle Corp had $200,000 of assets, $300,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 40%
    12·1 answer
  • Wolf Den Craft Beers projects that it will need​ $50 million in total assets to meet the sales projection of​ $65 million. The p
    6·1 answer
  • Firms A and B both issued 20-year bonds on the same date that have identical features except for the coupon rates. However, Firm
    8·1 answer
  • What aspect of a business deals with the policies, practices, and systems that influence the behavior, attitudes, and performanc
    8·1 answer
  • Abica Roast Coffee Company produces Columbian coffee in batches of 6,000 pounds. The
    12·1 answer
  • Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has investe
    14·1 answer
  • Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended Decembe
    8·1 answer
  • Metlock Company has identified that the cost of a new computer will be $44000, but with the use of the new computer, net income
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!