1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mekhanik [1.2K]
3 years ago
9

On January 1 of the current year, the Barton Corporation issued 8% bonds with a face value of $73,000. The bonds are sold for $7

0,810. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is
Business
1 answer:
Goryan [66]3 years ago
8 0

Answer:

$6,278

Explanation:

The discount of issuance of bond will be amortized until period of maturity while Total interest expense on a discounted bond is the addition of amortization of the discount amount and coupon payment.

Therefore;

Coupon payment = $73,000 × 8%

= $5,840

Discount on the bond = $73,000 - $70,810

= $2,190

Discount amortized per year = $2,190/5

= $438

Total interest expense = Coupon payment + Amortization of discount

= $5,840 + $438

= $6,278

You might be interested in
Nervous Norman holds 70% of his assets in cash, earning 0%, and 30% of his assets in an insured savings account, earning 2%. The
elena-14-01-66 [18.8K]

Answer: 0.6%

Explanation:

The expected return is a weighted average of the returns of the assets invested in.

70% is invested in cash which earns 0%

30% is in a savings account earning 2%

Expected return = (70% * 0%) + (30% * 2%)

= 0% + 0.6%

= 0.6%

6 0
3 years ago
Which goal is an example of a measurable goal
k0ka [10]
That you identify exactly what it is you will see, hear and feel when you reach your goal. It means breaking your goal down into measurable elements. You'll need concrete evidence.
8 0
3 years ago
Read 2 more answers
a fish is 4 feet below sea level and a Fisherman is standing on a dock that is 5 feet above sea level. How far apart are the fis
mestny [16]
The answer is 1 level apart because 4-5=1 and 5 is 1 more up than 4
8 0
3 years ago
The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men
dusya [7]

Answer:

The correct answer is letter "A": company sales potential; market potential.

Explanation:

Company sales potential is the expected amount of sales of a company given a specific sector in the market. It is presumed that the company has carried out marketing strategies and investment for the levels desired to be achieved. In the example, that level is 20%.  

The market potential is the size of the market for a given product within a period of time. It is usually expressed in monetary terms since it expresses the number of sales value or volume during the period. In the example, that amount is $30 million dollars.

6 0
4 years ago
A provider of oil for home heating systems is offering $100 off its first delivery to new customers. This is an example of which
Radda [10]

Answer:

b. Free gift with purchase

Explanation:

The promotion tactic that the provider is trying to use is a Free gift with purchase. This is because by making your first every purchase the company is basically gifting you a certain amount of money through a discount of your purchasing total. Companies tend to do this in order to attract customers through the enticement of free money or products/gifts. They are able to do this because a single purchase will make them more profit than they are wasting on the gift and can lead to recurring customers.

7 0
3 years ago
Other questions:
  • The reward-to-risk ratio for stock A is less than the reward-to-risk ratio of stock B. Stock A has a beta of 0.82 and stock B ha
    6·1 answer
  • You have been a BCBA for over 5 years and decide to take on some additional work in the evening, supervising students seeking ho
    13·1 answer
  • Which best describes the benefits of renting a home
    10·1 answer
  • Vulcan, Inc., has 7 percent coupon bonds on the market that have 13 years left to maturity. The bonds make annual payments and h
    13·1 answer
  • A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Inst
    15·1 answer
  • A boycott occurs when workers collectively refuse to go to work.
    11·1 answer
  • Knowledge Check 01 Provided below is summary income statement data for Freedom Corporation. Amount Sales $ 800,000 Cost of goods
    12·1 answer
  • Aspen Ore purchased a vein of coal ore for $5,300,000. It is estimated that 32,000,000 tons of ore are available to be extracted
    6·1 answer
  • Please solve this question asap…as i have less time
    7·1 answer
  • In the context of green marketing, ________ provides strong incentives for redesigning products in ways that make it easier to r
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!