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almond37 [142]
3 years ago
14

Morgan Company issues 10%, 20-year bonds with a par value of $720,000 that pay interest semiannually. The current market rate is

9%. The amount paid to the bondholders for each semiannual interest payment is:
Business
1 answer:
faust18 [17]3 years ago
7 0

Answer:

$36,000

Explanation:

Calculation for the amount to be paid to the bondholders for each semiannual interest payment

Using this formula

Semiannual interest payment = Face value Amount*Interest Rate*Time

Let plug in the formula

Semiannual interest payment = $720,000*0.10*0.50

Semiannual interest payment = $36,000

The amount paid to the bondholders for each semiannual interest payment is $36,000

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6 0
3 years ago
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common
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Answer:

June 30, repurchase of 100 shares:

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Explanation:

The other journal entries should be as follows

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3 0
3 years ago
These financial statement items are for Snyder Corporation at year-end, July 31, 2017. Salaries and wages payable $2,580 Salarie
tatiyna

Answer:

Net loss = (6,700)

Explanation:

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Income Statement

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6 0
3 years ago
Why are people engaged in business? Explain.​
Crank

Answer:

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Explanation: This is the answer I hope this helped you out.

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3 years ago
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Answer:

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6 0
4 years ago
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