Answer:
$42,480
Explanation:
Given that,
Value of bonds = $800,000
Interest rate = 10%
Selling price of bond (Book value) = $708,000
Priced to yield = 12%
The semi-annual yield is calculated as follows:
= 12% / 2 (because the interest is payable semiannually on June 30 and December 31)
= 6%
Therefore, the semi-annual bond interest expense:
= Selling price of bond × semi-annual yield
= $708,000 × 6%
= $42,480
Hence, the Blair should report bond interest expense for the six months ended June 30, 2021 in the amount of $42,480.
But the actual cash paid for the interest expense will be:
= (Value of bonds × Interest rate on bonds)
= [$800,000 × (10%/2)]
= $800,000 × 5%
= $40,000
So, the amortization for bond discount is the difference between actual cash paid and bond interest expense:
= $42,480 - $40,000
= $2,480
Answer:
$4,800 each
Explanation:
The computation of the depreciation expense for the first two year under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($120,000 - $0) ÷ (25 years)
= ($120,000) ÷ (25 years)
= $4,800
In this method, the depreciation is same for all the remaining useful life
Hence, the depreciation of $4,800 is to be charged separately for each year
Answer:
c. Debit to Cash and a credit to Merchandise Inventory
Explanation:
When a buyer returns goods these are return outwards,
The correct entries to record them would be to debit cash as goods have been returned and credit the merchandise purchased so,
Debit cash account with the amount of goods returned
Credit Merchandise inventory with the amount of goods returned.
Hope that helps.
Answer:
Business
Explanation:
entrepreneurship is just a map in which successful are those just make this web
Answer:
B) they do not have a need for the products or services her company is offering
Explanation:
The reason why Megan will not consider the two prospects qualii leads is if they do not need her companie's products.
For these other options, they have the need but need further follow-up
a. They do not have the budget or financial resources to purchase the product.
c. They are too busy to meet with salespeople.
d. They do not have the authority to make a purchase decision.
e. They are not in her company's target market.
