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]
2 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]2 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
According to researchers, the ideal state for learning is feeling:
My name is Ann [436]

Answer:

C) relaxed and alert at the same time

Hope this helps! 'v'

5 0
1 year ago
g The "monetary base" is simply: a. the total of all currency in circulation, outside banks b. the total vault cash held among a
Zanzabum

Answer:

e. the total of currency in circulation, plus depository institution reserves and vault cash

Explanation:

Monetary base is a concept in money supply that measures highly liquid assets in an economy.

It includes all cash that is in circulation in the economy and those deposits that are held as reserves by the central bank from commercial banks. Cash in bank vaults are also included because they are readily available to the economy.

For example if there is $200 million in circulation and there is $13 billion in the central bank as reserves from commercial banks, the total monetary base is $13.2 billion

6 0
3 years ago
t applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of date
Leto [7]

T applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of the date.

The correct answer is "Conditional receipt". A conditional receipt binds the insurer to coverage as of the date of the application or medical exam, provided the proposed insured is determined to be an acceptable risk.

Under a conditional receipt, the applicant and the insurance agency shape a "conditional" settlement this is contingent upon the situations that existed when an utility or medication exam is finished. It provides that the applicant is included right now as long as they bypass the insurer's underwriting requirements.

How is a conditional receipt nice described?

A conditional receipt is a document given to someone who applies for an coverage contract and has provided the preliminary top rate payment. This receipt manner that the character can handiest be insured if she or he meets the standards of insurability and is given approval by the insurance company.

How does a conditional receipt vary?

The distinction among a conditional binding receipt and a straightforward binding receipt is that a straightforward binding receipt requires the insurance organization to pay the dying gain as soon as the primary premium receives paid, whether or not the applicant is in the end approved or no longer. Conditional binding receipts are common.

Learn more about conditional receipt here :- brainly.com/question/14332118

#SPJ4

8 0
1 year ago
what does it mean to do a good job of managing human resources in, for instance, a hospital? What activities are involved, and f
Fynjy0 [20]

Answer: When workers are given the best working conditions a company can afford.

Explanation:

A good job is done in Human resource management in an organization when it has ensured that staff are given the best working conditions the company can afford. In a hospital for instance, where the staff population is mainly made up of nurses and doctors, an approach can be done to give the workers quality working conditions such as:

1.) Effective work shift, to avoid overstressing employees.

2.) Workers paid adequately and on time.

3.) Granting workers seasonal leaves for rest.

4 0
3 years ago
Amari and his four best friends decided they would save up and get tickets to see their favorite basketball team play in a nearb
lina2011 [118]
B) mid term goal I would think
7 0
2 years ago
Other questions:
  • An operation operates with a variable cost percentage of 72%. The owner wants to increase sales revenue by an amount necessary t
    12·1 answer
  • When demand is unit​ elastic, a change in price causes total revenue to stay the same because A. total revenue never changes wit
    14·1 answer
  • Suppose that the manager of a company has estimated the probability of a super-event sometime during the next three years that w
    6·1 answer
  • Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals
    13·1 answer
  • You are thinking of opening a Broadway play, I Love You, You’re Mediocre, Now Get Better! It will cost $5 million to develop the
    13·1 answer
  • One primary function of Harriet's job is to study individuals, groups, or organizations and the processes they use to select, se
    10·1 answer
  • Please help me, the picture is linked..
    15·1 answer
  • Assume the following information: Amount Per Unit Sales $ 300,000 $ 40 Variable expenses 120,000 16 Contribution margin 180,000
    12·1 answer
  • This Venn diagram compares two career pathways in the Marketing, Sales, and Service career cluster.
    15·2 answers
  • g CVP analyses (18 points) MusicWizard, Inc. manufactures and sells trombones with the following price and cost characteristics:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!