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QveST [7]
3 years ago
9

2. If the market interest rate is 7%, the bonds will issue at $418,022. Record the bond issue on January 1, 2021, and the first

two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)
Business
1 answer:
Alex Ar [27]3 years ago
4 0

Answer:

The journal entries are as follows:

(a) On January 1, 2021

Cash A/c    Dr. $418,022

To Bonds payable            $418,022

(To record the issue of bond)

(b) On June 30, 2021

Interest expense A/c [$418,022 × 7%/2]    Dr. $14,630.77

To cash                                                                                  $14,630.77

(To record the first two semiannual interest payments)

(c) On December 31, 2021

Interest expense A/c    Dr. $14,630.77

To cash                                                         $14,630.77

(To record the first two semiannual interest payments)

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Hey there!

Governements may step in to resolve the market failure is the answer to your question

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Before, during, and after a sale, a selling strategy must focus on
Alenkasestr [34]
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4 0
3 years ago
Primrose Yard receives 15,000 large trees each year that they process into 15,000 rough logs. Currently, Primrose sells the roug
Kazeer [188]

Answer:

c. It should process further because the reduction in the cost of the trees is irrelevant.

Explanation:

For the purpose of this Decision,

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Cost of acquiring trees is a sunk cost already incurred and hence is not relevant

Hence, benefit of processing = (0.80-0.20)*350 – 50

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Hence, the answer is

c. It should process further because the reduction in the cost of the trees is irrelevant.

7 0
3 years ago
Expert power is based on​ ________.
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➷ The correct option would be C. influence wielded as a result of​ expertise, special​ skill, or knowledge.

<h3><u>✽</u></h3>

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➶ Have A Great Day ^-^

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5 0
2 years ago
Suppose you have a two-stock portfolio consisting of Apple and Tesla stock. The portfolio weight of Apple is 25% and the rest is
iren [92.7K]

Answer:

Standard deviation = 47.69% (Approx)

Explanation:

Given:

Portfolio of Apple stock w1 = 25% = 0.25

Portfolio of Tesla stock w2 = 75% = 0.75

Standard deviation return Apple σ1 = 35% = 0.35

Standard deviation return Tesla σ2 = 60% = 0.60

Correlation coefficient ρ12 = 0.22

Find:

Standard deviation

Computation:

Standard deviation = √w1²σ1² + w2²σ2² + 2w1σ1w2σ2ρ12

Standard deviation = 0.4769

Standard deviation = 47.69% (Approx)

4 0
2 years ago
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