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erastovalidia [21]
3 years ago
12

Sandhill Company issued $2,400,000 of 10%, 10-year bonds on January 1, 2017, at 103. Interest is payable semiannually on July 1

and January 1. Sandhill Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.5281%.
Required:
1. Prepare the journal entries to record the following. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
(a) The issuance of the bonds.
(b) The payment of interest and related amortization on July 1, 2017.
(c) The accrual of interest and the related amortization on December 31, 2017.
Business
1 answer:
hjlf3 years ago
7 0

Answer:

rnal entries to record the following. (Credit account titles are automatically indented when the am

Explanation:

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A product manager is eager to develop a new product idea. To gain approval to do so, the product manager orders the research tea
vladimir1956 [14]

Answer:

The answer is b. Advocacy research

Explanation:

Advocacy research is carried out with the intention of providing evidence and arguments that can be used to support a particular cause or position.

8 0
4 years ago
Westwick Inc. is an advertising agency. Its employees are allowed to take decisions and work in ways that will help maximize the
Anna35 [415]

Answer:

<em>C) Organizational plurality </em>

Explanation:

Organizational plurality is a working environment in which all representatives are encouraged to collaborate in a way that promotes the gains for the company, clients and themselves.

As with the advertising agency, the employees are given chances to follow their decisions and maximize their experience.

5 0
3 years ago
Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs includ
Zolol [24]

Answer:

$152.4 million

Explanation:

The computation of the projected net income is shown below:

As we know that

Net income = (EBIT - interest) × (1 - tax rate)

where,

EBIT = Sales - operating cost

= $700 × 120% - ($700 × 120% × 65%)

= $840 - ($840 × 65%)

= $840 - $546

= $294

The interest expense and tax rate is $40 and 40%

So, the projected net income is

= ($294 - $40) × (1 - 40%)

= $152.4 million

We simply applied the above formula so that the projected net income could be come

7 0
3 years ago
A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following:
Anna11 [10]

Answer:

$1,215 per customer

Explanation:

Add all costs:

Marketing Costs = $1,200

Sales Costs = $9,000

Salaries = $87,000

Total = $97,200

$97,200 divided by 80 new customers = $1,215 per customer

6 0
2 years ago
Emma just graduated from college and needs to start an emergency fund. Where should she put her money? Why?
svetoff [14.1K]

Answer:

These steps can help you when building an emergency fund in college:

Set a goal for how much you need.

Consider your total monthly income and expenses.

Determine what expenses are necessary.

Decide how much you're going to save every month.

Consider how you're going to get what you need.

Explanation:

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hope it HELPS..!!

7 0
3 years ago
Read 2 more answers
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