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Tomtit [17]
3 years ago
6

On January 1, 2017, Shay issues $300,000 of 10%, 15-year bonds at a price of 97.75. Six years later, on January 1, 2023, Shay re

tires 20% of these bonds by buying them on the open market at 105.25. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight-line method is used to amortize any bond discount.
What is the amount of the discount on the bonds at January 1, 2013?
Business
1 answer:
Evgen [1.6K]3 years ago
8 0

Answer:

The correct answer is $6,750.

Explanation:

According to the scenario, the given data are as follows:

Bonds = $300,000

Price of bonds = 97.75

So, we can calculate the discount on the bonds by using following formula:

Discount on bonds = $300,000 - ( $300,000 × 97.75%)

= $300,000 - $293,250

= $6,750

Hence, the amount of the discount on the bonds at January 1, 2013 is $6,750.

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question 14(multiple choice worth 5 points) (04.02 mc) who was intended to benefit from the land act of 1800? a large-scale farm
oksano4ka [1.4K]

Since the government aimed to make westward migration more appealing to immigrants, "A poor family that coveted property" was primarily those who benefited.

Due to their inability to purchase a farm at an affordable price, many ended up squatting on public property without a valid title. The Harrison's Land Act of 1800 decreased the minimum purchase size from 640 acres to 320 acres and added a credit provision. A quarter of the total cost had to be paid up front, and the remaining amount had to be paid over the course of four years with an extra year added on for late payments.

To learn more about Land Act of 1800 here

brainly.com/question/697970

#SPJ4

5 0
1 year ago
Jamie has an undergraduate degree in finance and is employed full-time by a bank. She is taking courses at a local university le
ivann1987 [24]

Answer:

Please find the detailed answer as follows:

Explanation:

a) The cost of obtaining an MBA degree for someone who is employed in a business position normally is a deductible education expense. But if the reason for taking course is to qualify her for a new trade or business then the expense will not be deductible or disallowed.

Reasons Deductible or Nondeductible

  • It is to maintain or improve existing skills required in her present job. Deductible
  • It is to meet the minimum educational standards for qualification in her existing job. Deductible
  • It is to qualify her for a new trade or business. Nondeductible .
  • It is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status. Deductible.

b) $4,000 will be allowed as deduction for qualified tuition under § 222. Except for this amount of tuition portion, Jamie must itemize to claim the deduction and it will also be subject to the 2% of AGI limitation.

5 0
4 years ago
HURRY On Monday, Monahan accepts a job at Acme for $50,000 per year. He is to begin work on Friday. On Tuesday, Acme informs him
andriy [413]

Answer:

The correct answer is : C. Neither breached the contract because there is no contract until Friday.

Explanation:

As the contract will only become valid when both the parties Mohan and ACME sign up and this will only happen on Friday. But as Mohan is informed by the Acme on Tuesday that they can not hire him before signing up the contract that is scheduled on  Friday. Since there is no valid agreement between parties, no breach of contract occurred.

Thus, the correct answer is option C. Neither breached the contract because there is no contract until Friday.

7 0
3 years ago
Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided ___________.
Natali [406]
Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided <span>little incentive for them to join together to meet shared goals.
Since these colonies were so different, they didn't have any common cause or a reason to band together so as to achieve such common goals. 
</span>
4 0
3 years ago
It is ultimately up to the buyer to avoid fraud.
11111nata11111 [884]
That statement is True

Frauds are gonna exist, no matter what country you're in

No matter how many frauds are there that exist around, if you're smart enough to recognize it , you won't fall into the fraud

Otherwise, no matter how hard the Governments' work to reducing the amount of frauds around you, if you're unaware and gullible, there's a pretty high chance you're gonna fall to one


8 0
3 years ago
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