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Fittoniya [83]
4 years ago
9

On July 1, 20X1 Klein Company issued $200,000 face amount bonds for $195,000. The effective interest rate is 8%. The bonds pay s

emi annual interest of 7% on Jan 1 and July 1. On Dec 31, 20X1, the company should credit ________
Business
1 answer:
balandron [24]4 years ago
6 0

Answer:

Bond discount of $800

Explanation:

The computation of the credit amount of bond discount is shown below

= (Amount × effective interest rate) - (Face amount × interest rate)

= ($195,000 × 4%) - ($200,000 × 3.5%)

= $7,800 - $7,000

= $800

Since it is on semi annual interest rate so the interest rate by  2

Hence, the company should credit the bond discount for $800

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In the current year, Marnie rented her vacation home for 75 days, used it for personal reasons for 22 days, and left it vacant f
Dimas [21]

Answer: $11123

Explanation:

Based on the information given, Marnie's net income or loss from the activity will be calculated thus:

Rental income = $18000

Less: Property tax = $2500 × 75/365 = $514

Less: Mortgage interest = $3500 × 75/365 = $719

Less: Utilities = $1100 × 75/97 = $851

Less: Repairs and Maintenance = $1000 × 75/97 = $773

Less: Depreciation = $5200 × 75/97 = $4021

Net income = $11,123

3 0
3 years ago
Arney has been retained by Fluffy Soft Programmers to hire a new worker because he is an expert at personality types and their e
alukav5142 [94]

Answer: Joy, who likes to work hard until a task is completely finished.

Explanation:

From the question, we are informed that Arney has been retained by Fluffy Soft Programmers to hire a new worker because he is an expert at personality types and their effect on job performance.

Out of the options that are given in the question, Arney should hire Joy, who likes to work hard until a task is completely finished. Other options are not good options in this case and wouldn't bring positivity to the organization.

8 0
3 years ago
Identify the features of stocks and bonds
ch4aika [34]

Explanation:

How to "buy at wholesale, sell at retail" like financial institutions

How to navigate today's increasingly volatile markets and manage risk

Common mistakes of the novice investor and how to reduce them

How you can time the market by waiting for opportunity to come to you

A rules-based strategy for trading in any market and any asset class

3 0
3 years ago
The common stock of Dayton Repair sells for $43.19 a share. The stock is expected to pay $2.20 per share next year when the annu
mihalych1998 [28]

Answer: 7.35%

Explanation:

Based on the information given, the market rate of return on this stock will be calculated as:

= (D1/P0) +G

where,

D1= Dividend at year 1 = 2.20

P = price at present =43.19

G = dividend growth rate =2.25%

We then slot the figures into the formula and we will get:

= (D1/P0) +G

= (2.20 / 43.19) + 2.25%

= 0.051 + 2.25%

= 5.1% + 2.25%

= 7.35%

Therefore, the market rate of return will be 7.35%.

4 0
3 years ago
In mid-2010, Hewlett-Packard Company (HP) acquired Palm Computing Inc., a manufacturer of personal devices and smartphones. Befo
Lelechka [254]

Answer:A. Define the business mission

Explanation: Define the Business mission is the processes involved in tying to understand a given business,it helps to know the aims and objectives,the present situation and the impact a given business has.

In the case of Hewlett-Packard Company (HP) acquired Palm Computing Inc., HP will try to know how Palm computing has fared through the years and what impact will it have on his own business objectives when it is fully acquired.

6 0
3 years ago
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