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
zimovet [89]
3 years ago
14

Cullumber Company received proceeds of $1176000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $1

248000, pay interest annually on December 31, and have a call price of 103. Cullumber uses the straight-line method of amortization. What is the amount of interest Cullumber must pay the bondholders in 2019?
Business
1 answer:
Alik [6]3 years ago
6 0

Answer:

$74,880

Explanation:

The computation of the amount of interest Cullumber must pay the bondholders is shown below:

= Face value of the bond × interest rate

where,

Face value of the bond is $1,248,000

And the interest rate is 6%

So, the amount of interest paid is

= $1,248,000 × 6%

= $74,880

We simply multiplied the face value of the bond with the interest rate so that the amount of interest expense could come

You might be interested in
Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year. At the end of th
FromTheMoon [43]

Answer: 4%

Explanation:

From the question, we are informed that Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year and that at the end of the year, retiree benefits paid by the trustee were $28 million and cash invested in the pension fund was $32 million.

Based on the above scenario, the percentage rate of return on plan assets goes thus:

Opening balance of plan assets 1200

Add:- Actual return = 48

Add:- contributions = 32

Less :- retiree benefits = -28

Closing balance of plan assets = 1252

It should be noted that the actual return is the balancing figure which is calculated as:

= 1252 + 28 - 1200 - 32

= 48

The percentage rate of return on plan assets will now be:

= 48/1200

=0.04

= 4%

4 0
3 years ago
The XYZ Corporation has a distinct division of labor, consistent rules, and a clear hierarchy. Managers maintain distance betwee
Mamont248 [21]

Answer:

A bureaucracy

Explanation:

Bureaucracy is an organisational structure that is aimed at maintaining uniformity and control in an organisation.

This is achieved through established processes and ways of interaction between staff.

Bureaucracy is characterised by multiple layers and complex processes that makes actions and decisions slow.

This is exemplified in the given scenario where XYZ Corporation has a distinct division of labor, consistent rules, and a clear hierarchy. Managers maintain distance between themselves and subordinates, and promotions are awarded based on technical expertise.

3 0
3 years ago
Rob, Dave, and Kelly understand the financial risks involved in starting their own brewery; that's why they've established their
Darina [25.2K]
I do believe its A.. yeap its A
8 0
3 years ago
Read 2 more answers
Sirah runs a housecleaning service. She wants her employees to be highly efficient, cleaning a certain number of houses each day
romanna [79]

Answer:

transactional

Explanation:

Transactional leadership includes day-to-day performance and monitoring with respect to the focus on the organization related to the supervision and compliance of rules and regulations via rewards and retribution.

Since in the given situation it is mentioned that they have to clean the houses each day and perform the work accordingly so it would be transactional leadership style

4 0
3 years ago
ALTS Infosystems is a software consulting firm based in Redmond. The firm uses a standardized job analysis questionnaire contain
katen-ka-za [31]

Answer:

the Position Analysis Questionnaire

Explanation:

Position Analysis Questionnaire -

It is a job analysis questionnaire which judges the skill level for job and the applicants characteristics for the job profile .

The PAQ method composed of detailed questions in order to generate the report analysis .

This have a wide range of application , in the industrial sector and individual and organizational psychology and even in the human resource department .

Hence , The ALTS infosystems is using Position Analysis Questionnaire .

5 0
4 years ago
Other questions:
  • A U.S. firm has sold an Italian firm €1,000,000 worth of product. In one year the U.S. firm gets paid. To hedge, the U.S. firm b
    14·2 answers
  • if consumers to demand in a quantity of 100 at $4 per item and the suppliers Supply 200 of the item at $4 than a surplus is crea
    10·1 answer
  • The following lots of Commodity Z were available for sale during the year. Use this information to answer the question that foll
    8·1 answer
  • A July sales forecast projects that 6,500 units are going to be sold at a price of $11.00 per unit. Management forecasts 15% gro
    5·1 answer
  • Presented here are long-term liability items for Skysong, Inc. on December 31, 2017.
    13·1 answer
  • What is the definition of excellent customer service?
    13·1 answer
  • The building code of River City requires that elevators in public buildings be inspected every nine months. Hal did not have the
    13·1 answer
  • When a nation’s currency appreciates, what is the most likely result?
    5·1 answer
  • Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning
    7·1 answer
  • When you are in a conflict that you are not passionate about it is seen as gracious to sometimes
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!