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
LiRa [457]
2 years ago
5

Held-to-Maturity Bond Investment On January 1, 2016, Weaver Company purchased as held-to-maturity debt securities $500,000 face

value of Park Corporation's 8% bonds for $456,200. The bonds were purchased to yield 10% interest and pay interest annually. The bonds mature on January 1, 2021. Weaver uses the effective interest method of amortization. What amount should Weaver report on its December 31, 2016, balance sheet as an investment in held-to-maturity debt securities? a. $456,200 b. $461,820 c. $466,200 d. $450,580
Business
1 answer:
yulyashka [42]2 years ago
8 0

Answer:

b. $461,820

Explanation:

The computation of the amount reported in the balance sheet is shown below:

But before that we need to find out the amortization of discount which is

= Purchased value of bond × interest rate of return - face value of bond × interest rate

= $456,200 × 10% - $500,000 × 8%

= $45,620 - $40,000

= $5,620

Now the amount reported is

= Purchased value + discount amortization

= $456,200 + $5,620

= $461,820

Hence, the option b is correct

You might be interested in
What best describes the example/instance for building a model to identify cross-sell opportunities (trying to convince people to
allsm [11]

Answer:

d) All current customers who up to a certain point in time have NOT bought in the jewelry category but did buy jewelry in the next time frame

Explanation:

Cross-sell opportunities are employed by online and in-person marketers with the aim of convincing buyers to chose another product from a product category that they are interested in. For example, if the customer bought a necklace, the site might suggest that users who bought a necklace also bought a pendant. The aim of this suggestion is to convince the consumer to purchase an item that might be useful to him judging from the products he just indicated interest in.

Therefore, a good cross-sell model will identify customers who bought jewelry but not from a particular jewelry category.

8 0
3 years ago
What is equilibrium wage?
slavikrds [6]

Answer:

This means that the equilibrium wage rate and employment will be determined by the intersection of the horizontal labour supply curve, and the downward sloping MRP (D) curve. The wage rate is determined by the whole market, and this sets the wage rate for all firms in the market.

Explanation:

hi :)

3 0
1 year ago
Read 2 more answers
AP Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after ea
MissTica

Answer:i just want the points sorrry

7 0
2 years ago
Read 2 more answers
Katie Kwasi’s utility function is U(x1, x2) = 2(ln x1) + x2. Given her current income and the current relative prices, she consu
aniked [119]

Answer:

Katie Kwasi's Utility Function

The units of x1 that she will consume after the change in income is:

= 40 units of x1

Explanation:

a) Data and Calculations:

Katie Kwasi’s utility function, U(x1, x2) = 2(ln x1) + x2

Current consumption = 10 units of x1 and 15 units of x2

When her income doubles, with prices staying constant, Katie will consume:

= 2(2 * 10 of x1) + 15 of x2

= 40 units of x1 + 15 units of x2

Therefore, she will consume 40 units of x1 and 15 units of x2

b) The above function expresses mathematically Katie's utility to be a function of the units of x1 and x2 that she can consume, given her income constraint.  If her income doubles, Katie will consume double units of x1 and the same units of x2 as she was consuming before the change in income.

4 0
3 years ago
The Sneed Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transac
larisa [96]

Answer:

The answer is D.

Explanation:

Value of cash received is :

10,000 shares x $75

=$750,000

And that's a debit as it is shown in the question because cash was received.

Now the credit side.

Value of preferred stock is $50

So we have:

$50 x 10,000 shares

=$500,000 preferred shares.

Paid-in Capital in Excess of Par ValuePreferred Stock is $25 ($75 -$50)

So the value will be $25 x $10,000

=$250,000

3 0
3 years ago
Other questions:
  • Which of the following marketing messages are consumers most likely to trust?
    12·2 answers
  • Assume that England and Spain each has 40 labor hours available. Originally, each country divided its time equally between the p
    6·2 answers
  • Define primary industry .<br>​
    7·1 answer
  • Which of the following scenarios describe an object being acted on by a non-conservative force?a. A puck hovers and glides acros
    7·2 answers
  • Journalize entries for the following related transactions of Lilly Heating &amp; Air Company using the net method under a perpet
    13·1 answer
  • Of the following mortars, type ____ is the strongest
    7·1 answer
  • In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 191.33 million shares outstanding, a market-to-book r
    8·1 answer
  • A warranty in which the seller warrants that he or she has valid title to the goods he or she is selling and that the transfer o
    10·1 answer
  • All businesses deal with unhappy customers at some point, and they typically follow this pattern in these situations: call the c
    14·1 answer
  • PLEASE HELP URGENT Use what you know from your reading and explain how the Scopes Trial was a reflection of the 1920s cultural c
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!