Which of the following would not work on a newspaper either in print or online form

Garcia Company issues 10%, 15-year bonds with a par value of $230,000 and semiannual interest payments. On the issue date, the a

Nesterboy [21]

Answer:

A.$269,675

B.$305,325

C.$10,787

Explanation:

Requirement A Cash proceeds

Cash proceeds can find out by multiplying par value with the selling price

Cash proceeds = Par Value x Selling price

Cash proceeds = $230,000 x 117.25%

Cash proceeds = $269,675

Requirement B Interest Expense

Bond interest expense =Total repayment -Amount borrowed(REQ.A)

Bond interest expense = $575,000(w) - $269,675

Bond interest expense = $305,325

Workings

Semi-annual interest expense = $230,000 x 10% x 6/12

Semi-annual interest expense = $11,500

Total payment would be 30 for 15 years

Total payment = $11,500 x 30

Total payment = $345,000

Total repayment = Par value + $345,000

Total repayment = $230,000 + $345,000

Total repayment = $575,000

Requirement C Bond interest expense on the first interest payment date

Bond interest Expense = $269,675(REQ.A) x 8% x 6/12

Bond interest Expense = $10,787

6 0

3 years ago

Sheffield Corp. assigned $1601000 of accounts receivable to Pharoah Company as security for a loan of $1344000. Pharoah charged

Tpy6a [65]

Answer:

$1,317,120

Explanation:

Cash received by Sheffield Corporation at the time of assignment = Amount borrowed - Commission paid

= $1,344,000 - ($1,344,000 * 2%)

= $1,344,000 - $26,880

= $1,317,120

So, the amount of cash Sheffield received from Pharoah at the time of the assignment was $1,317,120

7 0

3 years ago

Which of the following statements is true? Total revenue will equal zero when the demand for a product is unit elastic. When a f

Gre4nikov [31]

Answer:

Total revenue will equal zero when the demand for a product is unit elastic. FALSE

When a firm lowers its price its total revenue may either increase or decrease. TRUE

Whenever a firm raises its price its total revenue will increase. FALSE

Whenever a firm increases its quantity sold its revenue will increase. FALSE

Explanation:

Price elasticity en the demand measures the porcentage of change in the quantity demandend when a price is changed.

When the porcentage of change in the quantity demanded is the same of the porcentage of change in the price we talk of unit elastic. The revenues will keep being the same no matter the change in the price.

When a firm lower the price of a good it can increase the revenues if the product has an elastic demand, it means that the porcentage of change in the quantity demanded is bigger than the porcentage in the change of the price, and if the product has an inelastic demand, the revenues will decrease. Price demand is inelastic when the porcentage of change in the quantity demanded is smaller than the porcentage in the change of the price.

7 0

3 years ago

6) The ________ section of the statement of cash flows includes increases and decreases in long-term assets. A) investing activi

Yuki888 [10]

Answer:

A) investing activities

Explanation:

The cash flow statement includes three sections which are Operating Activities, Investing Activities and Financing Activities. This means that non-cash operating activities is not a section in the cash flow statement.

In the section, operating activities is where the decrease or increase in the current assets and current liabilities is mentioned. Therefore, this sections does not state the long term assets affects. Financing activities refers to those funds that are affected by the change in non-current liabilities (such as bank loans) and capital.

Investing activities is the part in the cash flow statement where the impact of non-current assets (long term assets) are referred out such as acquisition and/or selling of properties, plant and equipment. Therefore, part A) investing activities is the correct answer.

7 0

2 years ago

On a short road trip, if Mary spends her entire budget on gas and diner meals, Mary can afford either 35 gallons of gas or 7 din

sladkih [1.3K]

Answer:

The cost of opportunity of one diner meal is 5 gallons.

Explanation:

The cost of opportunity is the alternative that you sacrifice when you choose an option.

It represents the benefits that you miss out on when choosing one alternative over another.

In this case, the cost of opportunity of one diner meal is the quantity of gallons that you sacrifice.

7 diners = 35 gallons

1 diner = 35*1/7= 5 gallons

The cost of opportunity of one diner meal is 5 gallons.

6 0

3 years ago

Which of the following would not work on a newspaper either in print or online form￼

Which of the following would not work on a newspaper either in print or online form