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Doss [256]
3 years ago
14

On November​ 1, 2018, Arch Services issued $ 305 comma 000 of eightminusyear bonds with a stated rate of 11​% at par. Interest p

ayments occur each April 30 and October 31. On December​ 31, 2018, Arch made an adjusting entry to accrue interest at yearminusend. What is the amount of Interest Expense that will be recorded on December​ 31, 2018?​ (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)
Business
1 answer:
Jobisdone [24]3 years ago
7 0

Answer:

$5,603

Explanation:

The calculation of Interest Expense is shown below:-

Interest made accrued on Dec 31, 2018 = Services issued × Stated rate × Remaining months ÷ Number of Months in a year

= $305,000 × 11% × 2 ÷ 12

= $305,000 × 11% × 0.167

= $5,603

Therefore for computing the Interest Expense we simply applied the above formula.

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Answer:$105

Explanation: $85x10 is $850 minus $745 for table is $105

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3 years ago
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Marcus is on a team to plan volunteer opportunities for employees in the company. His role is to handle public communications ab
arsen [322]

Answer:

Marcus should control his emotions

Explanation:

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3 years ago
You place $4,00.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00 in account with an interest rate o
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6 0
3 years ago
Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education
Alona [7]

Answer and Explanation:

This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.

Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.

1. Better health outcomes due to breakthroughs in research.

2. Reduction in Crime rates

3. Better environment

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Are reasons for using taxpayers dollars to subsidize all these levels of education.

3 0
3 years ago
Sanchez Company's output for the current period was assigned a $400,000 standard direct labor cost. The direct labor variances i
o-na [289]

Answer:

$406,000

Explanation:

Calculation to determine the actual total direct labor cost for the current period

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5 0
3 years ago
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