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lbvjy [14]
3 years ago
8

On January 1, $1,000,000, 20-year, 8% bonds, were issued for $1,070,000. Interest is paid annually on January 1. If the issuing

corporation uses the straight-line method to amortize discounts and premiums on bonds payable, the annual amortization amount is
Business
1 answer:
Butoxors [25]3 years ago
5 0

Answer:

Annual Amortization expense = $76,500

Explanation:

In the given case the interest expense for the year will be $1,000,000 \times 8% = $80,000

Now, further the bonds are issued at a value more than face value, i.e. on premium of $1,070,000 - $1,000,000 = $70,000

Estimated life = 20 years

Therefore, per year premium amortization = $70,000/20 = $3,500 each year.

Thus annual amortization = $80,000 interest - Premium amortization $3,500

= $76,500.

In case if bonds are issued on discount then amortization is added to interest amortization as would increase the cost of company.

Final Answer

$76,500

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Delvig [45]

The answer choice which shows the Wegman's motivating factor which is an intrinsic motivator is:

  • a. A sense of pride from meeting customer needs

<h3>What is a motivating factor? </h3>

This refers to the things which makes a person behave in a certain way with the aim of getting a reward.

<h3>What is Intrinsic Motivation? </h3>

This refers to the pleasures gotten from performing a task or doing a certain action which is for fun, rather for external motivation like money or other rewards.

Therefore, we can see that from Wegman's policy, he was able to get intrinsic motivation from meeting the customer's needs which gave him a sense of pride.

Read more about motivation here:

brainly.com/question/6853726

7 0
2 years ago
Merchandise is ordered on june 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by th
scoundrel [369]

June 18th.

The date that the buyer receives the item is not important for the credit period, which starts the day the items are send out and invoiced.

4 0
3 years ago
What type of advertising communicates the specific features, values, and benefits of a product offered by a particular company?
steposvetlana [31]

Answer:

c. brand advertising

Explanation:

<em>c. brand advertising </em>

It engage the consumer to purchase the product or service being advertised.

a. internal advertising

this adverize is done to hire vacants inside the company instead of hiring from utside the company

b. corporate advertising

Is done to put into radar of consumer the entire organization or company. It d not advertize for an individual brand or product.

d. institutional advertising

It is done to focus on the benefits, ideas, or philosophies of the organization. It is done to iprove the reputation. It buils positive image. It do not sale a product or service.

8 0
2 years ago
Cheryl purchased 5 identical hollow pine doors and 6 identical solid oak doors for the house she is building. The regular price
almond37 [142]

Answer:

The answer to this question is option C. $560

Explanation:

We can let the price of each hollow pine door = d and of each solid oak door = 2d.

Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.

With a 25% discount, each solid oak door is 0.75(80) = 60.

So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.

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6 0
3 years ago
Read 2 more answers
Kelly, Lars, and Mona agree to be partners in Neighborhood Delivery Service (NDS), splitting the profits equally. Kelly contribu
Vikentia [17]

Answer:

2) all of the partners in proportion to their shares of the profits

Explanation:

Partnership refers to a mutual agreement between two or more individuals, deciding to carry on a business and share it's risks and rewards in the profit sharing ratio as stipulated, or as provided in the partnership deed.

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6 0
3 years ago
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