1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rusak2 [61]
3 years ago
5

On January 1, Year 1, Weller Company issued bonds with a $360,000 face value, a stated rate of interest of 10.50%, and a 10-year

term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.50%. Interest is paid annually on December 31. Assuming Weller issued the bond for $390,440, what is the amount of interest expense that will be recognized during Year 3? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
Business
1 answer:
sleet_krkn [62]3 years ago
5 0

Answer:

$ 32,370  

Explanation:

First and foremost,find attached amortization schedule showing the opening balance of the bonds in each year,the interest expense which is the opening balance multiplied by market interest rate of 8.5% as well as the interest coupon which is face value of $360,000 multiplied by stated interest of 10.50% i.e $360,000*10.5%=$37,800

The interest expense in year 3 = opening balance in year 3*8.5%=$380,823*8.5% =$32,370  

Download xlsx
You might be interested in
The Chief Information Officer (CIO) and the Managing Director (MD) of Illustrious Limited recently had the following conversatio
-Dominant- [34]

Answer:

Illustrious Limited

a) I sympathize with the MD.  He noted "We have been through these types of projects before, and what always ends up happening is that we do not get the new system we are promised. Instead, we get a modified version of the old system."  The implication of his assertion is that something is missing in the way the CIO and her team had been handling system development projects in the past.  Even the CIO acknowledged the MD's assertions by assuring "that this will not happen this time."  In the past, the system development team had neglected understanding "what is working well and what is not."  This should not be the case in any good system development.  Preliminary analysis or investigation should uncover users' requirements and then conduct a thorough system analysis before the design and other stages are carried out in an iterative process.

b) I would recommend SCRUM instead of the Waterfall methodology.  With Scrum, the system development project is teamwork.   The team is held accountable and SCRUM utilizes iteration to achieve well-defined goals.  The SCRUM framework "begins with a simple premise, starting with what can be seen or known before it tracks progress and tweaks as necessary," to achieve set goals defined by users' requirements.

Explanation:

a) System Development is a process that follows a system development life cycle (SDLC) methodology and involves these seven stages: requirement analysis, system analysis, system design, development or programming, testing, implementation and documentation, and evaluation and support.

b) SCRUM is a framework in SDLC which follows "a set of meetings, tools, and roles that work in concert to help teams structure and manage their work."  SCRUM has been described as "an agile way to manage a project," especially software development because of its "iterative and flexible approaches."

c)  Waterfall model, on the other hand, follows linear sequential phases of conception, initiation, analysis, design, construction, testing, deployment, and maintenance, and each stage depends on the deliverables of the previous stage.  This is why "in software development, it tends to be among the less iterative and flexible approaches, as progress flows in largely one direction ("downwards" like a waterfall) through the phases."

4 0
3 years ago
Antiglobalization activists:
QveST [7]

Answer: Option C

Explanation: The anti global activist are individuals who are concerned about the environmental effects on globalization. The anti globalist carries the perception that social and economic equality could be achieved without the negative effects of capitalism.

These activist complain that, if the business organisation are made free to trade then the poor countries like in Africa, will sacrifice their environmental duties for the investment from rich countries.

Hence from the above we can conclude that the correct option is c.

8 0
3 years ago
At the dawn of the 21st century, ______ had significant ramifications for companies and strategies around the world
Anit [1.1K]

Answer:

All of the above.

Explanation:

At the beginning of the 21st century, the protest related to the anti-globalization, terrorist attack and the crisis with regard to the corporate governance have an important ramifications for the companies & strategies across the world

So as per the given situation, all the reasons should be considered

Therefore it is the all of the above

8 0
3 years ago
In developing a marketing plan for a catering business, you'll want to include a display ad in the Yellow Pages because       
Nonamiya [84]
Your answer would be A 20%
5 0
4 years ago
Read 2 more answers
5. A city received a grant of $5,000,000 from a private agency. The money was to be used to build a new city library. In which f
Rudiy27

Answer:

4 500 000

Explanation:

6 0
3 years ago
Other questions:
  • Community college credits never transfer to a 4 year institution
    8·1 answer
  • Which chart is best used to show the results of a class survey with 4 field trip options?
    13·2 answers
  • Christina supervises a group of employees at a company that just went through a downsizing. Many other supervisors are no longer
    6·1 answer
  • May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000. Sept. 30 Received $6,000 from O
    10·1 answer
  • Sodium Inc. borrowed $175,000 on April 1. The note requires interest at 12% and principal to be paid in one year. How much inter
    11·1 answer
  • Conduct a meeting with the client about negotiating. please write a conversation or scenario?
    9·1 answer
  • Which best compares and contrasts Management and Marketing?
    7·1 answer
  • Help Please NO FAKE ANSWERS PLEASE I REALLY NEED HELP (economics)
    10·1 answer
  • A steam generation system at a biomassfueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents
    7·1 answer
  • A planned process for providing financial information that will be useful to management.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!