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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:

bodily/kinesthetic

Explanation:

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5 0
3 years ago
Read 2 more answers
A company has a unit contribution margin of $80 and a contribution margin ratio of 50%. what is the unit selling price?
lora16 [44]

If a company has a unit contribution margin of $80 and a contribution margin ratio of 50%. Then its unit selling price is $160 therefore option (d) is the correct answer.

Contribution margin, or dollar contribution in keeping with the unit, is the selling fee in step with the unit minus the variable price in line with the unit. "Contribution" represents the portion of sales that isn't eaten up by variable prices and so contributes to the coverage of fixed fees. The contribution margin is computed because of the promoting charge per unit, minus the variable value according to the unit. Additionally known as greenback contribution per unit, the measure indicates how a specific product contributes to the general income of the business enterprise.

To calculate the unit selling price use the formula

Unit selling price = contribution margin / contribution margin ratio

Unit selling price = $80 / 50%

Unit selling price = $160

Therefore option d) $160 is the correct answer

The contribution margin ratio of a business is the same as its revenue much less all variable fees, divided by means of its sales. It represents the marginal gain of producing one more unit.

Learn more about the Contribution margin here brainly.com/question/24881206

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3 0
1 year ago
PrimeFlix sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at
LUCKY_DIMON [66]

Answer:

$3,000

Explanation:

Given that,

On April 1, 2021, total sales of one-year subscriptions = $12,000

Total number of months for which subscription is received = 12 months

Months Relating to year 2022 for which subscription received on 1 April 2021:

= From January 1, 2022 to March 31, 2022

= 3 Months

Deferred revenue is for the three months.

Therefore, the adjusted balance of Deferred Revenue on December 31, 2021 is as follows:

= Amount of subscriptions received × Time period

= $12,000 × (3 ÷ 12)

= $3,000

5 0
3 years ago
According to Jack Gibb’s work on supportive and defensive communication, a supervisor who ____________ is promoting a disconfirm
frutty [35]
According to Jack Gibb’s work on supportive and defensive communication, a supervisor who doesn't show any concern for the feelings of others is promoting a disconfirming climate.
3 0
3 years ago
A congress woman from a state with several ball-bearing factories explains that it is necessary to impose trade restrictions, su
torisob [31]

Answer:

C. Jobs argument

Explanation:

The job preservation argument is brought up by unions to look out for union jobs.

7 0
3 years ago
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