If a bond's coupon rate exceeds its yield to maturity, the bond is selling at a premium over par.
A premium is an amount that an insured person pays to an insurance company on a regular basis to cover a risk. Description: In an insurance contract, the risk is transferred from the policyholder to the insurance company. To take on this risk, insurance companies charge an amount called a premium.
This is the price paid to an insurance company by an individual or company wishing to enter into an insurance policy. Premiums are the income of insurance companies. The premium amount depends on the type of insurance. It also depends on factors such as the type of insurance coverage. The age group to which the policyholder belongs.
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Answer:A debit to interest expense for $36,000
Explanation:
interest expense= 800,000-80,000 = 720,000 5% 12/12
Answer:
C. $3,800
Explanation:
The computation of the cost level for both insurance policy is shown below:
We choose $1,000 or 50% which ever is lower
We take the help of the given options
a. For the first option
The 50% is 300 which is less than the 1,000 now we take 80% of ($600 - $300) that comes $240
b. For the second option
The 50% is 500 which is less than 500 now we take 80% of ($1,000 - $300) that comes $560
c. For the third optiion
The 50% of $3,800 i.e $1,900 and $1,000 whichever is less i.e ($3,800 - $1,000) = $2,800 so it is $1,000 now we take the 80% of ($3,800 - $300) i.e $2,800
Thus the amount comes same
Thus this is the right option
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Answer:
$1150
Explanation:
The ending inventory of Delta diamond using specific identification method will be
Date Purchase Cost
June 1 one purchase $500
July 9 Two purchase $600
September 23 Three purchase $650
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Total cost of goods available for sale $1750
Less: Cost of goods sold -$600
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Ending inventory $1150
