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Umnica [9.8K]
3 years ago
11

On January 1 of the current year, Barton Corporation issued 12% bonds with a face value of $83,000. The bonds are sold for $78,8

50. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is
Business
1 answer:
djyliett [7]3 years ago
3 0

Answer:

$10,790

Explanation:

Face value of the bond =  $83,000

Market value = $78,850

Bond discount value = Face value of the bond - Market value

$83,000 - $78,850

= $4,150

Amortized over 5 years under straight line method

Per year = $4,150 ÷ 5

= $830

Interest on bond for the year = Face value of the bond × Issued Bonds in percentage

= $83,000 × 12% = $9,960

Bond interest expense = Interest on bond for the year + Per year amortization

= $9,960 + $830

= $10,790

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Answer:

The total proceeds from the common-stock sale amounts to $139,500,000

Explanation:

The aggregate proceeds from the sale of common stock is computed as:

Total proceeds from sale of common stock = Number of shares issued × Offer Price per share

where

Number of shares issued is 5 million that is 5,000,000

Offer Price per share is $27.90

By putting the values in the above formula:

= 5,000,000 × $27.90

= $139,500,000

3 0
3 years ago
Sam has always been able to pick up new languages easily. what quality does she have that helps her do this? responses ability a
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Sam has always been able to pick up new languages easily. The  quality does she have that helps her do this-- response ability

Responsiveness is the ability to pay attention to oneself and the thoughts and feelings one experiences as a result of internal and external stimuli. It includes grounding/centrality and mindfulness, and the ability to consciously and deliberately choose responses with intent and attention.

<h3>What are our reactions to other people?</h3>

To define responsibility, Frankl created the concept of responsibility. It implies the ability and claim to answer calls addressed to us. We are called from within and without.

<h3>What is the response in human values?</h3>

Response - can be defined as a response to an action or statement. The reaction is more thoughtful, with reasoning. Responsive people prioritize thought over action. They think and formulate an intelligent and appropriate response before they speak up.

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6 0
1 year ago
Jan Quint earns $11.00 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last wee
Svetllana [295]

Answer:

Hence, $852.50 she earn last week.

Thus, the correct option is d. $852.50

Explanation:

The computation of Jan Quint earn last week is shown below:

1. Regular wages = Normal hours of worked × per hour rate

                        = 40 × $11

                        =$440

2. Overtime wages  :

In overtime, the per hour rate is half along with the normal per hour rate.

So, overtime per hour rate = Per hour rate + overtime per hour rate

                                            = $11 + $11 ÷ 2

                                            = $11 + $5.5

                                            = $16.5

So, overtime wages = Overtime hours  × overtime per hour rate

                                 = 9 × $16.5

                                 = $148.50

3. Holiday wages:

In holiday wages, the per hour rate is twice of normal per hour rate

In mathematically,

Holiday per hour rate = 2 × normal per hour rate

                                    = 2 × $11

                                    = $22

So, holiday wages = Holiday hours  × holiday per hour rate

                                 = 12 × $22

                                 = $264

So, total wages = Normal wages + overtime wages + holiday wages

                          = $440 + $148.50 + 264

                          = $852.50

Hence, $852.50 she earn last week.

Thus, the correct option is d. $852.50

6 0
3 years ago
Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Year 9, with
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4 0
3 years ago
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Answer:

sales allowances

Explanation:

Based on the information provided within the question it can be said that Gershwin would record this reduction by crediting accounts receivable and debiting sales allowances. This refers to a lower selling price when a product is defective but the consumer agrees to keep it instead of returning it. Which is what happened in this scenario after the company offered a 15% price reduction.

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3 years ago
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