Answer:
Explanation:
The journal entry is shown below:
Bonds payable A/c Dr $60,000
Premium on bonds payable A/c Dr $10,000
To Common stock A/c $45,000
To Paid in capital in excess of par A/c $25,000
(Being the conversion of bonds is recorded)
The computation is shown below:
For bonds payable
= sixty $1,000 convertible bonds
That means
= 60 × $1,000
= $60,000
For Premium on bonds payable:
= $70,000 - $60,000
= $10,000
For Common stock:
= 9,000 shares × $5
= $45,000
And, the remaining balance is credited to paid in capital in excess of par
Answer:
there will be 187, 500, 000 firms in the industry.
Explanation:
just multiply 2.50 with 75, 000,000 and get the answer.
What indicates the maximum quantity of a product that may be brought into a country in a specific period is a quota.
<h3>What does quota mean?</h3>
A quota is the maximum monetary value of a good and service that can be imported into a country for a specific period.
The purpose of a quota is to restrict the amount of import into a country so as to boost local production of the good for which the quota is placed. Quotas also limit foreign competition.
To learn more about imports, please check: brainly.com/question/26497713
Answer:
84%
Explanation:
APR is the annual rate of interest that is paid on an investment, without taking into account the compounding of interest within that year. APR is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied.
Divide the finance charge by the loan amount. In this case, $3,400 divided by $24,500 equals 0.138
Multiply the result by 365 to get 50.4
Divide the result by the term of the loan. In this case, 50.4 divided by 60 is 0.84
Multiply the result by 100 to turn the answer into a percentage 84%
I'm going with false. Let me know.
