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Mrac [35]
3 years ago
10

What does a physical property that describes how something feels mean

Business
2 answers:
RUDIKE [14]3 years ago
7 0
Texture describes how an object feels
Kay [80]3 years ago
6 0
<span>a physical property that describes how something feels mean is called texture.
texture is the feeling of an object.</span>
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If the production of a good created both external costs and external benefits, but the external costs were greater, without gove
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If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will ​not produce the product at all.

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2 years ago
Identify the main source areas and explain two key push factors associated with the early twentieth-century peaks. Discuss how c
VikaD [51]

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3 0
3 years ago
Which theorist argues that members of a class are grouped by their value in the commercial marketplace?
Trava [24]
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4 0
3 years ago
a new hockey arena at a cost of $2,500,000. It received a downpayment of $500,000 from local businesses to support the project a
mylen [45]

Answer:

a. Prepare the journal entry to record the issuance of the bonds on January 1, 2018

we must first determine the market price of the bonds:

PV of face value = $2,000,000 / (1 + 5%)²⁰ = $753,778.97 ≈ $753,779

PV of coupon payments = $110,000 x 12.462 (PV annuity factor, 5%, 20 periods) = $1,370,820

market value of the bonds = $753,779 + $1,370,820 = $2,124,599

January 1, 2018, bonds are issued at a premium

Dr Cash 2,124,599

    Cr Bonds payable 2,000,000

    Cr Premium on bonds payable 124,599

b. Prepare a bond amortization schedule up to and including January 1, 2022

since we are not told which amortization method to use, I will use the straight line method.

Date           Interest        Cash              Premium          Carrying

                  expense      paid               amortization     value

7/2018        $103,770     $110,000       $6,230             $2,118,369

1/2019         $103,770     $110,000       $6,230             $2,112,139

7/2019        $103,770     $110,000       $6,230             $2,105,909  

1/2020        $103,770     $110,000       $6,230             $2,099,679    

7/2020       $103,770     $110,000       $6,230             $2,093,449

1/2021         $103,770     $110,000       $6,230             $2,087,219  

7/2021        $103,770     $110,000       $6,230             $2,080,989                              

1/2022        $103,770     $110,000       $6,230             $2,074,759                                

c. Prepare the journal entries to record the interest payments on January 1, 2020 and January 1, 2021.

bond premium amortization per coupon = 124,599 / 20 = $6,229.95 ≈ $6,230

January 1, 2020, coupon payment

Dr Interest expense 103,770

Dr Premium on bonds payable 6,230

    Cr Cash 110,000

January 1, 2021, coupon payment

Dr Interest expense 103,770

Dr Premium on bonds payable 6,230

    Cr Cash 110,000

d. Prepare the journal entry to record the bond called on January 2021 at 106

Dr Bonds payable 2,000,000

Dr Premium on bonds payable 87,219

Dr Loss on retirement of debt 32,781

    Cr Cash 2,120,000

5 0
3 years ago
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