Assume that the company wanted to do some

On January 1, 2020, NoDice Corporation issues $540,000, 5-year, 12% bonds for $529,000. Interest is paid semiannually on January

Svet_ta [14]

Answer:

Dr Interest expense $33,500

Cr Discount on bonds payable $1,100

Cr Cash $32,400

Explanation:

Discount on bonds payable=$540,000-$529,000=$11,000

Amortization of discount=discount on bonds issue/period of the bond

period to maturity of the bond is 5 years *2 =10 since the bond pays interest semi-annually

Amortization =$11,000/10=$1,100

Semi-annual interest=$540,000*12%/2=$32,400

the bond semi-annual interest expense=discount amortization+interest payment

the bond semi-annual interest expense=$32,400+$1,100=$33,500

5 0

3 years ago

Eurodollars are _________. A. dollar denominated deposits at any foreign bank or foreign branch of an American bank B. dollar de

Ipatiy [6.2K]

Answer:

A. dollar denominated deposits at any foreign bank or foreign branch of an American bank

Explanation:

Are dominations deposited in US dollars in banks that are outside the united states thus are not under the rule or jurisdiction or federal laws. The eurodollar rate is also known as the LIBOR rate is equal to the base rate adjusted by minimum reserve requirements.

The eurodollar market accounts for a higher rate of interest, greater the flexibility of the maturities and has a wider range of investment in the qualities.
It has roots in WW2 when the US gave funds from the marshall plan to rebuild the European continent.

4 0

4 years ago

What is the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus?

Olegator [25]

The maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.

<h3>What is chart of accounts in QuickBooks?</h3>

Chart of accounts in QuickBooks can be defined as the account that are mostly use in tracking every financial statement or information.

The Chart of accounts in QuickBooks should not be more than 250 chart of account based on the fact that if your account is higher than 250 in your chart of account this can tend to lead to suspension of the subscription you made.

Therefore the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.

Learn more about chart of accounts in QuickBooks here:brainly.com/question/14493199

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4 0

1 year ago

All of the following are potential benefits of innovation EXCEPT: Group of answer choices improved quality (attributes) of exist

Sav [38]

The potential benefit of innovation is the improved quality (attributes) of existing products. The correct option is A.

<h3>What is innovation?</h3>

Innovation is introducing new things and ideas.

The advantages of innovation are:

High relative advantage
Trialability
observability
Compatibility
Low complexity

Thus, the correct option is A, improved quality (attributes) of existing products.

Learn more about innovation

brainly.com/question/16054260

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5 0

2 years ago

Janet works on a team of 15 people working in research and development for a toymaker. They have weekly meetings to discuss new

RideAnS [48]

Answer:

D. production blocking.

Explanation:

Janet is suffering from production blocking. This is an issue encountered in brainstorming sessions related to the fact that only one member must speak at a time which can prevent other members from sharing their ideas as they occur and make it difficult for them to concentrate in their own idea since they need to be paying close attention to whatever is being said.

7 0

4 years ago