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mrs_skeptik [129]
3 years ago
9

On January 1, Year 1, Chaco Company sold $300,000 of 10% twenty-year bonds. Interest is payable semiannually on June 30 and Dece

mber 31. The bonds were issued for $359,378, priced to yield 8%. What is the amount of effective interest expense that Chaco will record for the six months ended June 30, Year 1
Business
2 answers:
Andrei [34K]3 years ago
8 0

Answer:

The amount of effective interest expense that chaco will record in the first six months is $14,375

Explanation:

interest payment that will be first made is on June 30, Year 1. Therefore, the outstanding balance used in the calculation is the issue price.

The interest expense is calculated by these formula

Interest expense = Effective semiannual interest rate × Outstanding balance

Interest expense = (8% ÷ 2) × $359,378 = $14,375

So the interest expense is gotten as %14,375

GalinKa [24]3 years ago
8 0

Answer:

$14,375

Explanation:

Interest expense = Effective interest for first interest period × Period of time covered by adjusting entry.

Therefore:

Interest expense = 8%× $359,378 = $28,759.24

$28,759.24/2 = $14,375

The adjusting entry will record interest for the June 30 Year 1 will include a debit to Interest Expense in the amount of $14,375.

Hence,

Dr Interest Expenses $14,375

The amount of interest expense that should be accrued by chaco in an adjusting entry dated June 30, Year 1 is $14,375

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<u>Answer:</u>

<em>It chooses (D) Direct investment exporting  strategy</em>

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<u>Explanation:</u>

Countries in a few decades have made significant forward jumps towards a comprehensive domain, which has contributed incredibly to making worldwide business dealings free from restrictions. In the overall marvel of Globalization, outside direct speculation (FDI) is quickly turning into a significant factor in the commercial development of firms and nations.

For any firm to create and develop it needs to extend its exercises all around, and to accomplish that target; there are diverse market section modes accessible to the firm going from FDI.

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3 years ago
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0.259

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difference in non performing loans in the year= 6.2-5.8= 0.4m

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7 0
3 years ago
Which of the following are acceptable to use as references on a resume/job application?
Alenkasestr [34]

1. Former Employer. A previous employer can provide the best insight into your work ethic. They know what your responsibilities were at your job and how you handled them.

2. Colleague. Someone you worked alongside at a previous job, even if they weren’t your boss, can be an excellent reference. They will be able to speak about things you worked on together and what you achieved as a team. Teamwork is one of the most important soft skills an employer looks for, so having someone to vouch for your teamwork skills is vital.

3. Teacher. A teacher or professor can provide a really strong reference, especially if they taught a course pertinent to your major. They will be able to talk about the skills you picked up during their course, as well as your personal character.

4. Advisor. An academic advisor, depending on the amount of time you spent with them, is another great option for a reference. If your advisor is someone who got to know you really well during your college career, they can talk about how you’ve grown into the professional you are today.

5. Supervisor. Someone who supervised you, but wasn’t necessarily your boss, could be another excellent reference to include. This could be a supervisor from a volunteer project, an internship, or some other extracurricular activity. Any of these people spent enough time working with you to get a sense of your character, and probably your passions. That combination makes for a great reference.

Choose at least three of these people to include on your list of professional references. Always bring a few copies of your list to interviews, in case you’re asked to provide them. Promptly let the people on your list know when a hiring manager asks for your references, so they know to expect a call or email.

Your references could make or break your chances of landing a job, so make sure you select the best people to speak on your behalf.



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8 0
3 years ago
Which one of the following is a primary market transaction?
Charra [1.4K]

Answer:

b. sale of a new share of stock to an individual investor

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The primary market is where new stocks are created. it is the platform for investors to purchase stocks of an entity that goes public for the first time.

Hence the initial public offer otherwise known as IPO is a good example of a primary market transaction.

As such sale of a new share of stock to an individual investor is a primary market transaction

3 0
3 years ago
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Bill Dukes has $100,000 invested in a 2 stock portfolio; $75,000 is invested in Stock X and the remainder is invested in Stock Y
Marta_Voda [28]

Answer:

A. 1.30

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In order to find portfolio beta we will multiply each individual stock's beta with its weight in the portfolio. Stock X has a weight of 75%(75,000/100,000) and a Beta of 1.5. Stock Y has a weight of 25%(25,000/100,000) and a Beta of 0.7.

Portfolio Beta = (1.5*0.75)+(0.70*0.25)=1.3

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