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Lelu [443]
3 years ago
15

On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable semi annually on June 30 and

December 31 each year.
Required: Assuming the market interest rate on the issue date is 7%, the bonds will issue at $600,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.
Business
1 answer:
pochemuha3 years ago
5 0

Answer:

When the bonds are issued on January 1, 2021

Investment in Bonds $600,000 (debit)

Cash $600,000 (credit)

When the first interest accrues - June 30, 2021

Investment in Bonds $21,000 (debit)

Interest Income $21,000 (credit)

When the first interest accrues - December 31, 2021

Investment in Bonds $21,000 (debit)

Interest Income $21,000 (credit)

Explanation:

Construct the bond amortization schedule using the following parameters extracted from the question.

Pv = - $600,000

Pmt = ($600,000 × 7%) / 2 = $21,000

P/yr = 2

N = 10 × 2  = 20

Fv = $600,000

YTM = 7 %

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Answer:

d. Decrease by 0.045 minutes

Explanation:

<u>First Case</u>  

Time per unit for 250 batch size = (30 / 250) + 5 minutes

Time per unit for 250 batch size = 5.12 minutes

<u>Second case</u>

Time per unit for 250 batch size = (30 / 400) + 5 minutes

Time per unit for 250 batch size = 5.075 minutes

The decrease in manufacturing time = Old-time - New time  = 5.12 - 5.075  =  0.045 minutes . So, it Decrease by 0.045 minutes

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NEED ASAP <br> What are the steps for properly carrying an item
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Explanation:

6 0
2 years ago
During 2016, Moore Corp. had the following two classes of stock issued and outstanding for the entire year: 100,000 shares of co
iVinArrow [24]

Answer:

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3 years ago
A quality control activity analysis indicated the following four activity costs of an administrative department:
Doss [256]

Answer:

total sales are the internal failure costs is 2%

Explanation:

given data

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total sales are the internal failure costs

solution

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internal failture cost  = correcting error in form   ...........1

internal failture cost  =  $60000

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6 0
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