Answer:
1. What was the issue price on January 1 of this year?
since the coupon rate was 6% and the market rate was the same, the bonds will be sold at par, so their issue price = $240,000
2. What amount of interest expense should be recorded on June 30 and December 31 of this year?
interest expense = coupon rate = $7,200 (for both June 30 and December 31)
3. What amount of cash is owed to investors on June 30 and December 31 of this year?
Face value = $240,000
4. What is the book value of the bonds on December 31 of this year, December 31 of next year?
Face value = $240,000
Answer:
D) or E) (are this the same?) 50 units of grain and 130 units of incense
Explanation:
Agland has an advantage producing Organic grain, and Zealand producing Incense, So:
If Agland specialices in producing organic grain it would produce with 20 workers 200 units of grain a year.
If Zealand specialices in producing Incense, it would produce with 10 workers 150 units of incense a year.
This gives a Total combined output of 200 units of grain and 150 unit of incense a year.
Given that the total current output of the two countries is 150 units of grain and 20 units of incense it would increase in 50 units of grain and 130 units of incense.
If the financial markets are efficient, then investors should expect their investments in those markets to Market efficiency. The Market efficiency refers to how well current prices reflect all available, relevant information about the underlying assets' actual value. Because any information is useless in a truly efficient market, beating the market is impossible.
If the New York Stock Exchange is a well-functioning market, Company ABC's share price accurately reflects all available information about the Market. As a result, all NYSE participants could predict that Company ABC would release the new product. As a result, the company's stock price remains unchanged.
To learn more about Market, click here.
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Answer:
Babysitter, walk dogs, sell food at school
Explanation:
Answer:
<u>FIFO</u>
total ending inventory 11,080
COGS 10,200
<u>LIFO</u>
ENDING 10,200
COGS 9,480
For taxes reasons it would be better to use FIFO as the COGS is higher then, less income taxes
The higher net income will be with the method of lower COGS which is LIFO
Explanation:
beginning 100 at 78
40 at 80
60 at 82
40 at 94
<em>FIFO </em>
the ending inventory will be the last units: as the first are being sold
40 at 94
60 at 82
30 at 80
<u>total ending inventory 11,080</u>
<u>COGS</u>
100 at 78 and 10 at 80 = 10,200
<em>LIFO</em>
here the ending inveotry are the first unit while the COGS the last:
ending
100 at 78
30 at 80
ENDING 10,200
<u>COGS</u>
40 at 94
60 at 82
10 at 80
total 9,480
