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Sedaia [141]
3 years ago
8

On November 1, 2018, Mason Corp. sold $700,000 of its 10% term bonds dated October 1, 2018. The bonds were sold to yield 8%, wit

h total proceeds of $800,000 plus accrued interest. Interest is paid every April 1 and October 1.
What amount should Mason report for interest payable in its December 31, 2018 balance sheet?
Business
1 answer:
kvv77 [185]3 years ago
7 0

Answer:

$16,000

Explanation:

The computation of the amount reported for the interest payable is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $800,000 × 8% × (3 months ÷ 12 months)  

= $16,000

The three months should be taken from October 1 To November 1 and November 1 to December 31

We simply applied the above formula so that the interest payable amount could come

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Answer:

fundamental attribution error.

Explanation:

This theory in sociology also called the attribution effect states that people tend to over-attribute behavior of others to internal causes or traits.

The Professor makes this "fundamental attribution error" by failing to consider Nadiya's situation; meaning the situational information was insufficiently taken into account before reaching a conclusion (Probably Nadiya is under emotional distresse maybe she's grieving the death of her Farther).

3 0
3 years ago
Beck Company has inventory of​ $725,000 in its stores as of December 31. It also has two shipments in transit that left the​ sup
FrozenT [24]

Answer:

Total Inventory            $899,000

Explanation:

Inventory at hand            $725,000

Inventory in transit     $102,000

Inventory in consignation   $72,000

Total Inventory            $899,000

<u>Notice:</u>

<em> The first cargo </em>is under term FOB destination, which means the goods are still property of the seller, so are not part of Beck company's yet.

<em>While the second cargo</em> is fob shipping point, Beck assume possesion of the gods as soon as they enter the dock.

3 0
4 years ago
The following lists are nations with mixed economies. In which list is the free market most dominant?. . A. France, Canada, Sout
Marizza181 [45]


A free market is a type of economy which allows the manufacturers and consumers to interact resulting to the relationship between the supply and demand market. This is different from the command market in which the government controls solely. One of the countries with strong free market economy are B. US, UK, HK and Singapore.
5 0
3 years ago
Information in the Financial Statements A financial statement is a summary of all the financial transactions that have oocuirred
Fudgin [204]

Answer:

 Balance sheet           Income statement        statement  of cashflows

 owner's equity         Cost of Goods sold         Net changes is cash

      land                       Income Tax                      Cash balance

      Patent                    Insurance expenses

      cash balance          Advertising expenses

      Account receivable

    Long term liability

Explanation:

6 0
3 years ago
How is the value of a product determine
jasenka [17]
<span>The market value of a product is the price point that is generally accepted by seller and buyer




Hope this helps best of luck =]
</span>
3 0
3 years ago
Read 2 more answers
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