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3 years ago

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company has bonds outstanding with a par value of $110,000. The unamortized premium on these bonds is $2,585. If the company ret

ired these bonds at a call price of 99, the gain or loss on this retirement is:

1 answer:

mote1985 [20]3 years ago

7 0

no pain no gain as it is used in freddie mercury movie

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An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components

Jlenok [28]

Answer:

GDP Price Deflator

Explanation:

GDP price deflator is a measure of the general changes in the price level of all the finished goods and services in a country in a period. While GDP is a measure of the total output in an economy, the GDP price deflator shows the extent to which prices changed in a period. In proving the effects of price changes, the GDP deflator identifies a base year then compares the current prices to base year prices.

The GDP price deflator allows economists to compare the GDP of different periods while considering the inflation between those periods. It does this by comparing the nominal GDP with the real GDP.

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3 years ago

On June 18, Wyman Company (a U.S. Company) sold merchandise to the Nielsen Company of Denmark for €60,000 (Euros), with a paymen

rodikova [14]

Answer:

Wyman company should recognize a foreign exchange loss in the amount of $12,600

Explanation:

On the date of sale: £1 = $1.35

So £60,000 = 60,000 × $1.35 = $81000

On the date of payment: £1 = $1.14

So £60,000 = 60,000 × $1.14 = $68, 400

The amount Wyman company received on the date of payment is $12,600 less than the amount it ought to have received on the date of sale.

So Wyman company should recognize a foreign exchange loss in the amount of $12,600

5 0

3 years ago

Given an interest rate of zero percent, the future value of a lump sum invested today will always:A. Remain constant, regardless

nalin [4]

Answer:

A. remain constant, regardless of the investment time period

Explanation:

7 0

3 years ago

Sandhill Company had bonds outstanding with a maturity value of $313,000. On April 30, 2017, when these bonds had an unamortized

siniylev [52]

Answer:

bonds payable 313,000 debit

loss at redemption 21,520 debit

discount on bonds payable 9,000 credit

cash 325,520 credit

Explanation:

face value of the bons 313,000

discount <u> (9,000) </u>

book value of the bonds 304,000

They are called at 104/100 of the face value of $313,000

that is: 325,520 dollars

we have paid 325,520 dollars for bonds worth 304,000 dollar in our accounting thus, we have a loss for 21,520 dollars

7 0

3 years ago

Which of the following does NOT provide for incentives based on standards that are expressed in terms of time period per unit of

Lisa [10]

Answer:

a. Merrick System

Explanation:

Merrick System does not provide for incentives based on standards that are expressed in terms of time period per unit of production

6 0

3 years ago