Answer:
The bond interest expense for the year ended December 31 of the first year is $4,929
Explanation:
In order to calculate bond interest expense for the year ended December 31 of the first year we would need to calculate first the Interest Expense and the Amotization Expense as follows:
Elias Corporation issued 9% bonds with a face value of $53,000, therefore the Interest Expense = $53,000 * 9% = $4,770
The bonds are sold for $51,410 and the maturity date is December 31, 10 years from now,
Therefore Amotization Expense = ( $53,000 - $51,410) / 10 years = $159
After having calculated the Interest Expense and the Amotization Expense we can calculate the Total Bond Interest Expense as follows:
Total Bond Interest Expense = $4,770 + $159 = $4,929
That statement is true
The statement above is considered as one of the most crucial steps to make inquiry responses.
Placing things in order for the bullets or numbered list will make the inquiry response more presentable and easier to consume by the readers
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Answer:
If a product is doing good in sales, the price goes up.
If a product does bad in sales, the price goes down.
Hopefully this helps!
Answer:
a. $33,300
b. $0.03 per copy
c. $7,560
Explanation:
Units of Output = (Cost - Residual Value) × ( Period`s Production / Total Expected Production)
Depreciable Cost = Cost - Residual Value
= $36,600 - $3,300
= $33,300
Depreciation Rate = Depreciable cost ÷ Expected Production
= $33,300 ÷ 1,110,000 copies
= $0.03 per copy
Depreciation for the year = Depreciation Rate × Period`s Production
= $0.03 × 252,000 copies
= $7,560