1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lara31 [8.8K]
3 years ago
13

Kaselitz Corp. issued a $100,000, 9%, 5-year bond on 1/1/16. Interest is paid each June 30 and December 31. The bond sold for $1

04,055 to yield 8%. The effective interest method is used. Cash interest paid to the bondholders in 2016 is:
Business
1 answer:
Paladinen [302]3 years ago
5 0

Answer:

Cash interest paid to the bondholders in 2016 is $9,000

Explanation:

The cash interest paid on the bond can be ascertained using the below coupon amount formula:

cash interest=face value*coupon rate

face value of the bond is $100,000

coupon rate is 9%

cash interest=$100,000*9%=$9,000

The cash account would be credited while interest expense is debited with $9000 plus amortization of premium on bonds

You might be interested in
Semiotics refers to a field of study in marketing linguistics that identifies the connotative meanings behind words in order to
Evgesh-ka [11]
<span>Semiotics is the study of how meaning is made from the use of symbols. The symbols can be written, gestural, auditory, or communicated in some other way. The emphasis is on the correspondence between symbols and their role in how meaning is assigned among people. Thus semiotics is not just about the meaning itself, but how the meaning has come about.</span>
6 0
3 years ago
The area of accountancy that is focused on arranging company financial information to give to managers to make decisions is
Alina [70]

Answer: Managerial Accounting or Management Accounting.

Managerial Accounting helps managers to use the data in the financial statements in order to take decisions. These decisions help them in managing the company's operations and aid in keeping control of matters under their purview.

Managerial Accounting includes any topics from cost accounting. It helps managers to make internal plans, execute them and also see if the plans have been accurate.

4 0
3 years ago
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and
Reil [10]

Answer:

$3,325

Explanation:

Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable

Bad Debt Expense = $4,100 - ($1,400 - $625)

Bad Debt Expense = $4,100 - $775

Bad Debt Expense = $3,325

So, the bad debt expense for 2022 would be $3,325.

6 0
2 years ago
Ezra runs a gyro stall at a farmers market
olga nikolaevna [1]
The rest of the question?
8 0
2 years ago
Malik Boykin is paid $8.20 per hour. and time and a half for any work over 40 hours
Viefleur [7K]

<u>Pay of Malik Boykin:</u>

Step 1:

Adding the total hours for each week:

Week of 3/10 = 5.5+6+9+12+7 = 39.5

Week of 3/17 = 8+8.5+9+13+4.5+4 = 47

Step 2:

Any sum of 40 hours or less gets multiplied by the hourly salary:

Week of 3/10: 39.5\times\$8.20 = \$323.90 - That's the pay for that week

Week of 3/17: 40\times\$8.20 = \$328

Step 3:

For hours worked over 40 the salary is 1.5 times the normal salary:

\Rightarrow\$8.20\times1.5 = \$12.30

Now multiply the hours over 40 for that week by the time and a half:

\Rightarrow\$12.30\times7 = \$86.10

And adding it to the \$328 we get,

\$328+\$86.10=\$414.10

Therefore,  Week of 3/10: \bold{\$323.90}  and  Week of 3/17: \bold{\$414.10}

6 0
3 years ago
Other questions:
  • Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding
    10·1 answer
  • Increasing opportunity costs occur along the ppf because:
    10·1 answer
  • Which of the following best defines the General Electric fastworks approach
    15·1 answer
  • What are cashiers checks required for
    15·1 answer
  • . The _______ of a forward contract is obligated to ______ delivery and pay for the contracted goods at the forward price; the _
    15·1 answer
  • What Is NOT one of the three primary resources that farnilies have to reach financlal goals?
    12·2 answers
  • On January 1, 2021, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December
    12·1 answer
  • What is a benefit of getting college credit in high school?
    15·2 answers
  • When is the only time to abbreviate on a job application? Question 3 options: In the Personal Information section In the Positio
    14·1 answer
  • 1.Why is GDP / Capita a more accurate way of determining the well-being of a people?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!