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Katen [24]
3 years ago
6

When Patey Pontoons issued 6% bonds on January 1,2016, with a face amount of $600,000, the market yield for bonds of similar ris

k and maturity was 7%. The bonds mature December 31,2019. Interest is paid semiannualy on June 30 and December 31. Determine the price of the bonds at January 1,2016. Prepare the journal entry to record their issuance by patey on Jan 1,2016
Business
1 answer:
SashulF [63]3 years ago
3 0

Answer:

Journal Entry

                             Dr.             Cr.

Jan 1,2016

Cash                $600,000

Bond Payable                     $600,00

Explanation:

On Jan 1, 2016 the bond is issued on the face value, so the straight value of $600,000 recorded as debit to cash and credit to bond payable. The cash is received against the a liability. The interest accrued transaction will be recorded on each year end.

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Why should your business use Performance Planner?
klasskru [66]

Answer:

The answer is C.It makes recommendations that are validated using machine learning.

Explanation:

A performance planner is a tool used by Google Ads to devise plans in relation to how a business spends on advertising and how changes on advertisement campaigns will affect key metrics and the general performance. It is mostly used as a forecasting tool, with the use of machine learning to show the possibilities or potential outcomes in Google Ads campaigns. This implies that all the conclusions arrived at, are determined by machine learning.

7 0
3 years ago
One year ago, you invested $3,250.00. Today, it is worth $4,000.00. What rate of interest did you earn
mojhsa [17]

Answer:

23.08%

Explanation:

Future value =Present value*(1+r)^n

$4,000 = $3,250*(1+R)^1

$4,000 = $3,250*(1+R)

1+R = $4,000/$3,250

1+R = 1.230769

R = 1.230769 - 1

R = 0.230769

R = 23.08%

8 0
3 years ago
Total risk is measured by?
ELEN [110]

A weighted average of the risk of each individual investments in the portfolio. The weighted average of risk is found using the standard deviation.

6 0
3 years ago
A restaurant is considering adding fresh brook trout to itsmenu. Customers would have the choice of catching theirown trout from
NikAS [45]

Answer:

Selling price = $20.05

Explanation:

<em>The break even point </em><em>is the level of activity where the total cost of is exactly equal to the total revenue. At this point, the business makes no profit and no loss, because the total contribution is also equal to the total fixed costs.</em>

Contribution is the excess of sales revenue over variable cost

Total contribution = (S.p - VC per unit) × unit sold

So we can determine the selling price per unit by equating the total contribution to the the total fixed cost as follows:

Step 1

<em>Determine the total contribution</em>

= ( S.P - 6.80) × 900

Step 2

<em>Equate the total contribution to the total fixed cost and solve for S.P</em>

(S.P - 6.80) × 900 = 11,925.    Lets substitute S.P with x

(X-6.80) ×  900 = 11,925

900X -6,120 = 11,925

900X =  11,925 + 6,120

900X = 18045

X = 18,045/900

X = $20.05

Selling price = $20.05

7 0
3 years ago
Paulina works as a software engineer for her firm. Recently, her company was acquired by another firm that had its own informati
exis [7]

Answer: structural unemployment

Because the new firm no longer had need of her services, Paulina’s job was eliminated this kind of unemployment is called structural unemployment. This kind of unemployment is involuntary. This means that the person is willing and able to work but cannot find a job and such is the case with Paulina as well. Since her services were filled by someone else, this will be classified under structural unemployment .


6 0
4 years ago
Read 2 more answers
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