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eduard
3 years ago
8

Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method

Business
1 answer:
babymother [125]3 years ago
7 0

Answer:

Smiley issued $20,000,000 of five-year, 9% bonds at a market (effective) interest rate of 8%, receiving cash of $20,811,010.

The journal entry is as follows:

On April 1,

Cash A/c    Dr. $20,811,010

      To Bonds payable A/c                    $20,000,000

      To Premium on bonds payable     $811,010

(To record the issuance of bonds)

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1. You are evaluating the purchase of HypeToys, Inc. common stock that just paid an annual dividend of $1.80. You expect the div
Arte-miy333 [17]

Answer:

$36.65

Explanation:

D1 = D*(1+g)

D1 = 1.8*(1+0.12)

D1 = 1.8(1.12)

D1 = $2.016

Price of stock P = D1 / (re - g)

Price of stock P = $2.016 / (0.175 - 0.12)

Price of stock P = $2.016 / 0.055

Price of stock P = $36.654545

Price of stock P = $36.65

So, $36.65 is the most that i will be willing to pay for the common stock if i am to purchase it today.

5 0
3 years ago
Unions and productivity In some industries, the labor productivity of union workers exceeds the labor productivity of nonunion w
MA_775_DIABLO [31]

Answer:

C. Because union wages exceed nonunion wages, employees may be encouraged to work harder.

D. Unions may provide information to companies about how to improve operations and eliminate problems in the work environment.

Explanation:

Workers' unions have been instrumental in ensuring that workers work in the environment that is safe and conducive. Not only that, the unions also ensure that the workers are remunerated fairly for their labor and services. Thus, the wages of the unioned workers are higher because unions bargain for the increase in the worker's wages.

Furthermore, the worker's union work hand in hand to exchange information about the conditions of the workers and how the companies can eliminate the potential problems that result in worker dissatisfaction. In addition, the unions protect workers from exploitation.  

4 0
3 years ago
How can social media endanger the safety of military service members and journalists?
viktelen [127]

Answer:

"GPS technology may accidentally leak confidential information about the location."

Explanation:

A good case in point was a watch tracking service that leaked classified GPS coordinates of our military servicemen and women's location. It jeopardized our ability to effectively operate in a foreign land without notice of occupied territory.

In this question, it places our military and journalists at risk because they know where they are at and so forth.

5 0
3 years ago
Alex Company rents space to a tenant for $2,200, per month. The tenant currently owes two months rent, November and December. Th
kaheart [24]

Answer:

The correct answer is D

Explanation:

The journal entry which is to be posted on December 31, is as:

Rent receivable A/c............................Dr   $4,400

        Rent Earned A/c...............................Cr    $4,400

As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).

5 0
3 years ago
You manage a plant that​ mass-produces engines by teams of workers using assembly machines. The technology is summarized by the
Mashcka [7]

Answer:

$2200

Explanation:

will be Lq25.The total cost function is thus given by the sum of the costs of capital, labor, and rawmaterials:TC(q) = rK +wL +2000q = (10,000)(5) + (5,000)(q25) + 2,000 qTC(q) = 50,000 +2200q.The average cost function is then given by:AC(q) TC ( q ) q  50,000  2200 q q . and the marginal cost function is given by: MC ( q )   TC  q  2200.

5 0
3 years ago
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