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VLD [36.1K]
3 years ago
13

On September 1, 2021, Red Co., issued $48 million of its 10% bonds at face value. The bonds are dated June 1, 2021, and mature o

n May 30, 2031. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Red would receive cash proceeds that would include accrued interest of:
Business
1 answer:
Harlamova29_29 [7]3 years ago
3 0

Answer:

$1,200,000

Explanation:

The computation of the accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $48,000,000 × 10% × (3 months ÷ 12 months)

= $1,200,000

We simply applied the simple interest formula by considering the principal amount, rate of interest and the number of months so that the correct amount could come

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Answer:

directing and controlling.

Explanation:

The roles assigned to a management and control manager include coordinating a company's activities, as well as strategic and planning follow-up. It should identify the activities that need greater control, as well as help identify risks and continuous improvements in organizational processes for effective decision making.

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2 years ago
What is the annual percentage rate (APR) on a credit card? A. The expected return on the credit card company's investments B. Th
Sliva [168]

Answer:

Answer choice C

Explanation:

To be short and to the point, APR literally just means the percent of the money you owe that will receive interest over the course of the year. If you owe $100 on a credit card with 6% APR, then you'll be charged interest for $6 because it's 6%. Your final yearly payment would end up being $106 since the $6 is tacked on. :)

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3 years ago
Read 2 more answers
A Lexus automobile priced in Japan for export at 3000000 at a time when the exchange rate is 100 now costs $30000 in the United
Bumek [7]

Answer:

  • what will be the new price in the United States

c $33750

Explanation:

Initial Price:

$3,000,000   PRICE  

100           USD Exchange  

$30,000     PRICE USD  

Updated Price:

$3,000,000   PRICE  

80              USD Exchange  

$37,500      PRICE USD  

As the pass through indicates that the exchange rate impact only a 50%, then the final price of the car it's defined as:

$7,500   Exchange Impact

0.50   Pass through  

$3,750   Final Exchange Impact

Initial Price : $30,000

Final Exchange Impact: $3,750

Final Price: $30,000 + $3,750 = $33,750

5 0
3 years ago
one of the major criticisms of the G-20 is that they are completely ineffective in setting policies? true or false
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6 0
2 years ago
Al Dente Pasta Company overstated its inventory by $10 million at the end of 2021. The discovery of this error during 2022, befo
MAXImum [283]

Answer:

Retained earnings would be debited and inventory would be credited for $10 million each.

Explanation:

In the given scenario Al Dente Pasta Company overstated its inventory by $10 million.

This is an overstatement of assets of the company.

This also gives an understatement of the retained earnings of the company.

Adjusting entry in 2022 will now require Retained earnings would be debited and inventory would be credited for $10 million each.

7 0
2 years ago
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