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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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Answer:

a. Robert's optimal consumption bundle contains <u>9.18</u> cups of coffee and <u>45.88</u> packets of creamer.

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Since Robert treats coffee and creamer as perfect complements, this implies that there there is nothing like substitution effect under this condition.

Therefore, zero packets of creamer is the substitution effect.

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