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snow_lady [41]
3 years ago
15

Discount-Mart issues $10 million in bonds on January 1, 2012. The bonds have a ten-year term and pay interest semiannually on Ju

ne 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds. Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 1/1/12 8,640,967 06/30/2012 300,000 345,639 45,639 8,686,606 12/31/2012 300,000 347,464 47,464 8,734,070 06/30/2013 300,000 349,363 49,363 8,783,433 12/31/2013 300,00 351,337 51,337 8,834,770
What is the interest expense on the bonds in 2012?

A .$693,103.

B $600,000.

C $345,639.

D $347,464.
Business
1 answer:
jeyben [28]3 years ago
7 0

Answer:

B. $600,000

Explanation:

The computation of the interest expense on the bond for the year 2012 is shown below:

= Interest expense as on 30 June 2012 + interest expense as on December 31 2012

= $300,000 + $300,000

= $600,000

For computing the interest expense for the year 2012, we added the interest expense of June 30 and for December 31 of 2012 only so that the correct amount could come

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Procedures are in place that ensure that subjects will be covered in a manner proportionate to the Common Rule, including inspection by an independent committee comparable to an IRB.

<h3>What is meant by an assurance of compliance?</h3>

An institution must provide a written assurance of compliance with the conditions of the assurance and the requirements of 32 CFR Part 219, as determined by the Human Study Protection Official to be suitable for the research supported by the Department of Defense (DoD) component (32 CFR 219.103).

The word "compliance assurance" refers to all the steps an organisation takes to make sure that rules, policies, and procedures are followed and are perceived to be followed. The IRB's main goal is to uphold the rights and welfare of any human subjects involved in research projects that fall within its purview.

Hence, Procedures are in place that ensure that subjects will be covered in a manner proportionate to the Common Rule, including inspection by an independent committee comparable to an IRB.

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1 year ago
A real estate loan where a homeowner receives monthly payments based on accumulated equity rather than a lump sum and is repaid
ivanzaharov [21]

Answer:

reverse annuity mortgage

Explanation:

The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.

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3 years ago
What differences would you expect to see between the kinds of influence currencies that a project manager in a functional matrix
EleoNora [17]

Project manager in a functional matrix had more lesser influence over one in a dedicated project team because:

  • the dedicated team allows a formal authority over the participants
  • the dedicated team offers a greater access to influence currencies than the project manager in a functional matrix.

<h3>Who is a Project manager?</h3>

A Project manager is a manager with the responsibiltiy of planning, organizing and directing the completion of specific projects for such organization.

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In conclusion, in a functional matrix, the manager sdoes compensate for their lack of formal authority by exercising informal influence through the use of relationships and personal <em>currencies.</em>

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2 years ago
Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches
shutvik [7]

Answer:

Fixed Overheads Spending Variance = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = $20,000  Favorable (F).

Explanation:

Fixed Overheads Spending Variance = Actual Fixed Overheads  - Budgeted Fixed Overheads

                                                              = $305,000 -  $300,000

                                                              = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = Fixed Overheads at Actual Production  - Budgeted Fixed Overheads

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                                                              = $320,000 - $300,000

                                                              = $20,000  Favorable (F)

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If there is a decrease in income and thus demand falls, the good is normal. Thus, smoothies as commodity in this case will be refereed to as normal goods.

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