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
Inessa [10]
3 years ago
11

Franklin corporation issues $50,000, 10%, five-year bonds on january 1 for $52,100. interest is paid semiannually on january 1 a

nd july 1. if franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on july 1 is
Business
2 answers:
Harman [31]3 years ago
3 0

Answer:

Amount of interest expenses to be recognized on July 1 =   $50,000 x 10% x 6/12  =  $2,500

Explanation:

slava [35]3 years ago
3 0

Answer:

$2,290

Explanation:

Since Franklin sold their bonds at a premium (higher than face value), they must discount the premium from their interest expense.

total interest expense = coupon paid - amortization of bond premium

  • coupon = $50,000 x 10% x 1/2 = $2,500
  • amortization of bond premium = ($52,100 - $50,000) / 10 periods = $2,100 / 10 = $210

total interest expense = $2,500 - $210 = $2,290

You might be interested in
First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compound
Liula [17]

Answer:

First National Bank    = 14.6%

First United Bank.=   = 14.8%

Explanation:

<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>

It can be calculated as follows:

EAR = ( (1+r)^(n) -1) × 100

r -interest rate per period

n- number of period

EAR - Effective annual rate

First National Bank

r - interest rate per month = 13.7%/12 = 1.141%

number of period = 12 months

EAR =( (1+011141)^(12) - 1) × 100

       =  0.145938395 × 100

       = 14.59

      = 14.6%

First United Bank.

r- interest rate per quarter - 14%/4 = 3.5% per quarter

n- number of quarters = 4

EAR = ((1+0.035)^(4)- 1) × 100

      = 0.147523001 × 100

      = 14.8%

 

8 0
3 years ago
Suppose that the wage rate is $30 per hour, and the firm sells each unit of output for $6. Using the data from Table 7.3, how ma
polet [3.4K]
I found this data from Table 7.3
<span> <span> </span><span><span> Labor Input Output
</span> <span> 0                          0
</span> <span> 1                          40
</span> <span> 2                          70
</span> <span> 3                          90
</span> <span> 4                       100
</span> <span> 5                       105
</span> <span> 6                       108

Labor Cost = Labor Input x 30
Output Sales = Output x 6
Revenue = Sales - Cost

</span></span></span><span> <span> </span><span><span> Labor cost        Output Sales
</span> <span> 0                                    0
</span> <span> 30                                 240
</span> <span> 60                                 420
</span> <span> 90                                 540
</span> <span> 120                               600
</span> <span> 150                               630
</span> <span> 180                               648

</span></span></span><span> <span> </span><span><span> Labor Input     Output      Labor cost    Output Sales <span>   Revenue</span>
</span> <span> 0                         0                 0                      0                        0
</span> <span> 1                        40               30                    240                   210
</span> <span> 2                        70               60                    420                   360
</span> <span> 3                        90               90                    540                   450
</span> <span> 4                     100             120                    600                   480
</span> <span> 5                     105             150                    630                   480
</span> <span> 6                     108             180                    648                   468

Labor Unit 4 and 5 both have a revenue of 480. It is the maximum revenue. I think the best option would be C. 4 UNITS.

Lesser cost to the company at a maximum revenue. </span></span></span>
6 0
3 years ago
What level of government is most closely associated with zoning?
balandron [24]
Local
Shhsbsn( I needed 20 chacters)
7 0
3 years ago
Career fulfillment means:
castortr0y [4]
Answer is a hope this helps cause its like common sense
6 0
3 years ago
Read 2 more answers
Unemployment that occurs when worker's skills do not match the jobs that are available.
liberstina [14]

Answer:

b. structural unemployment

5 0
2 years ago
Other questions:
  • Give Three ways in which new technology has effected service industries in recent years.
    6·1 answer
  • What is abstract for goo slime
    8·1 answer
  • Name seven things needed for manufacturing
    13·1 answer
  • Coca-Cola spent $102 million through The Coca-Cola Campaign focusing on water stewardship, healthy and active lifestyles, commun
    8·1 answer
  • A marriage license is not a form of tax. True or False
    8·2 answers
  • A _____ is a written document with detailed specifications that is used to request bids for equipment, supplies, or services fro
    7·1 answer
  • The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses
    6·1 answer
  • The Brights are buying a home from the Stones. They are splitting the escrow service fees 50-50. Do they live in Northern or Sou
    10·1 answer
  • Which of the following statements about economic policy are FALSE?
    13·1 answer
  • Capital State University agreed to pay for Irene to attend their school and play lacrosse for their team. As part of their arran
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!