Consumers are individuals, businesses, or other groups that

Damon Corporation issued $400,000 of 6% bonds on May 1, 2020 using straight-line interest. The bonds were dated January 1, 2020,

Marat540 [252]

Answer:

May 1

Dr Cash408,000

Cr Bonds Payable 400,000

Cr Interest Expense 8,000

July 1

Dr Interest Expense 12,000

Cr Cash 12,000

Dec 31

Dr Interest Expense 12,000

Cr Interest Payable12,000

Explanation:

May 1,

Dr Cash408,000

Cr Bonds Payable 400,000

Cr Interest Expense 8,000(Accrued Interest = 400,000 x 6% x 4/12)

July 1

Dr Interest Expense 12,000

Cr Cash 12,000(Bond interest expense = 400,000 x 6% x 6/12)

Dec 31

Dr Interest Expense 12,000

Cr Interest Payable12,000

3 0

3 years ago

John is ready to pay $5 for an extra loaf of bread. Due to an ongoing discount in the store, he gets a loaf for $2. John's consu

ra1l [238]

Answer:

3$

Explanation:

yes

8 0

3 years ago

Both Bond Bill and Bond Ted have 12.4 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 5 ye

zzz [600]

The bond value computed shows that the percentage change in the price of Bill's bond is -10.20%.

<h3>How to calculate the percentage</h3>

From the information given, the following can be deduced:

Nper = 10

PMT(semi annual payment) = 1000 × 12.4% × 0.5 = 62

FV (face value) = 1000

Rate = (12.4 + 3)/2 = 7.7%

New bond value = PV(7.7%, 10.62, 1000) = $897.97

Therefore, the percentage change will be:

= (897.97 - 1000)/1000

= -10.20%.

Learn more about percentages on:

brainly.com/question/24304697

7 0

2 years ago

Slaq Computer Company manufactures notebook computers. The economic lifetime of a particular model is only four to six months, w

iren [92.7K]

Answer:

11414.87205 units.

Explanation:

We have Underage cost cs to be $500

We have Overage cost Co to be $200

To get Critical fractile, we do this computation:

Cs/(Cs+Co)

500/(500+200)

500/700

0.714285714

Now the z score for this value,

normsinv(0.714285714)

= 0.565948821

To get what the question requires: mean+z-score*standard deviation

= 10000+(0.565948821*2500)

= 11414.87205 units

please note: I solved this without rounding the values.

We will have 10000+(0.57*2500)=11425 units if rounded

7 0

4 years ago

If ERS had an incremental increase in revenue of $100,000, based on the net profit margin computed, what is the additional poten

romanna [79]

Answer:

The first part of the question was missing, so I looked for it:

total revenue = $934,500

net income = $62,260

net profit margin = (net income / total revenue) x 100 = ($62,260 / $934,500) x 100 = 6.662%

if revenue increases by $100,000, then net income should increase by:

$100,000 x 6.662% = $6,662

3 0

3 years ago