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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

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The total amount of carbon fixed into organic matter through photosynthesis (or chemosynthesis) in a given unit of time is known as Gross primary production.

<h3>What is Gross primary productivity?</h3>

Gross productivity generally is the rate of energy capture.

Net efficiency is lower: its net efficiency is balanced for the vitality utilized by the living beings in respiration/metabolism, so it reflects the sum of vitality put away as biomass.

The whole vitality settled by plants (autotrophs) in a community through photosynthesis is alluded to as net essential efficiency (GPP).

Since all the vitality settled by the plant is changed over into sugar, it is hypothetically conceivable to decide a plant’s vitality take-up by measuring the sum of sugar delivered.

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4 0
2 years ago
U
oksian1 [2.3K]

The descriptions to cases that will possibility be addressed by a Trial Balance are:

  • can detect the accuracy of the accounting process(possible)
  • can help check whether the debit side is equal to the credit side(possible)
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  • helps serve as a proof of the application of the double-entry system(not possible)
  • can help check whether a particular transaction has been completely omitted(not possible)

<h3>What is trial balance?</h3>

A trial balance can be regarded as  bookkeeping worksheet which contains the ledger that is arranged into  debit and credit account column .

Therefore, with trial balance, one can check whether the debit side is equal to the credit side.

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3 0
2 years ago
Identify and describe the purpose of the 3 types of employment forms.
Lilit [14]

Answer: Employee, worker and self-employed.

Explanation: An employee is an individual who has entered into or works (or worked) under the terms of a contract of employment.

A Worker A worker who is not an employee works under a contract whereby the individual.

A self-employed is the state of working by themself not as a employee .

5 0
3 years ago
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How long does it take after the irs accepts your refund.
notsponge [240]

it take 6 to 8 week in order to accept your refund

3 0
2 years ago
Lamey Headstones increases its annual dividend by 1.5 percent annually. The stock sells for $28.40 a share at a required return
Ray Of Light [21]

Answer:

$3.50

Explanation:

Use dividend discount model to solve this question;

P0 = \frac{D0(1+g)}{r-g}

where P0 = Current price

D0 = most recent dividend

g = dividend growth rate

28.40 = \frac{D0(1.015)}{0.14-0.015} \\ \\ =28.40(0.125) =1.015 D0

Divide both sides by 1.015 to solve for D0;

3.55 / 1.015 = D0

D0 = 3.498

Therefore, the last dividend was $3.50

5 0
3 years ago
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