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
swat32
3 years ago
12

On September 1, 2021, Blue Co., issued $1,600,000 of its 10% bonds at 98 plus accrued interest. The bonds are dated June 1, 2021

and have an effective interest rate of 11%. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Blue would receive cash of:
Business
1 answer:
Korolek [52]3 years ago
3 0

Answer:

$1,608,000

Explanation:

the clean price = $1,600,000 x 0.98 = $1,568,000 (it does not include accrued interests)

accrued interests = $1,600,000 x 10% x 3/12 months = $40,000

dirty price = clean price + accrued interests = $1,568,000 + $40,000 = $1,608,000

the journal entry should be:

September 1, 2021

Dr Cash 1,608,000

Dr Discount on bonds payable 32,000

    Cr Bonds payable 1,600,000

    Cr Interest payable 40,000

You might be interested in
FindFor Inc. is an e-commerce retail firm that sells a variety of merchandise online. Through services like cash on delivery, ea
wolverine [178]

Answer:

2) strategic positioning

Explanation:

Based on the scenario being described within the question it can be said that they have most likely been able to provide this through strategic positioning. This term refers to the way in which a company sets itself apart from the competition in a market and provides value to their customers. Allowing them to make specific decisions based on their position. Such as FindFor is able to provide all of their online services.

3 0
3 years ago
Why do cultural universal exist
GuDViN [60]
Cultural universals (elements of a culture that exist in every society such as food, religion, language, etc.) exist because all cultures have basic needs and they all develop common features to ensure their needs are met. Ethnocentrism is seeing your culture as superior to others.
6 0
3 years ago
Sal is very clear in defining for his subordinates the incentives available to them for different levels of performance. He make
sergejj [24]

Answer: d. path–goal

Explanation:

The Path-goal theory of leadership espouses that leaders should be dynamic and use whichever leadership style would be best suited to the abilities of their subordinates and the work environment that they are in.

It is then divided into four styles with the relevant style here being the "directive path-goal clarifying leader behavior". Under this style, the manager specifies exactly what it is that they want from the employees and then rewards them when they meet the required objectives.

7 0
3 years ago
During which phase of dmaic (define, measure, analyze, improve, control) is the sole purpose to demonstrate, with fact and data,
lawyer [7]
DMAIC is an acronym for Define, Measure, Analyze, Improve and Control. It is a procedure intended to enhance and keep up business forms. The period of which the sole intention is to show with actuality and information that your answers take care of your concern is "move forward." 
It alludes to an information driven change cycle utilized for enhancing, streamlining and settling business procedures and outlines. The DMAIC change cycle is the center device used to drive Six Sigma ventures.
7 0
3 years ago
Assume that you live in California and are on vacation, traveling by car from California to Texas. You are injured in a motel ro
nevsk [136]

Answer:

a. No.  A state court will do a better job in this case because it exercises unlimited jurisdiction.  Moreover, you can only bring your case to a federal court if the amount of your claim is up to $75,000 or the issue is exclusive to the federal court.  This is not the case here.

b. Yes and No.  We need some additional information about the accident location to help answer this question definitively.

c. No. You should not consider accepting the offered settlement.  The jury award is meant to pay for your medical bills and also to help you recover financially as though the accident did not happen in the first place.  Accepting any lesser amount after the judgment is rendered is in bad taste.  The other party should have negotiated to settle out of court before the final judgment was rendered.  But it did not.  So, go with the jury award.

Explanation:

a) Data and Calculations:

Missed work for 15 weeks

Total medical bills incurred = $50,000

Total lost wages incurred = $15,000

Jury award = $100,000 ($50,000 for medical, $15,000 for lost wages and $35,000 for punitive damages)

Settlement offer = $50,000

7 0
3 years ago
Other questions:
  • The kellys are planning for a retirement home. they estimate they will need $180,000 4 years from now to purchase this home. ass
    9·1 answer
  • A supervisor who believes an employee's grievance is not a contractual violation should: accept the employee's grievance, and th
    13·1 answer
  • Which of the following accounts will give you the LEAST access to your money ?
    13·2 answers
  • Acme Manufacturing makes their preliminary economic studies using a​ before-tax MARR of 21​%. More detailed studies are performe
    13·1 answer
  • Gutierrez Company reported net income of $193,400 for 2017. Gutierrez also reported depreciation expense of $45,600 and a loss o
    13·1 answer
  • The doctrine of promissory estoppel: Select one: a. makes the contracts unenforceable. b. does not make promises enforceable. c.
    8·1 answer
  • Ben owns investment A and 1 bond B. The total value of his holdings is $2,800. Bond B has a coupon rate of 8.80 percent, par val
    13·1 answer
  • Economic goals for sustainable development can be formulated ________. Group of answer choices by disentangling them from social
    11·1 answer
  • A strategy of spreading investments among different industry sectors is
    10·1 answer
  • During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. what was
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!