1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
egoroff_w [7]
2 years ago
13

When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2

026, and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a (debit/credit) to Cash in the amount of $ .
Business
1 answer:
Shkiper50 [21]2 years ago
8 0

Answer:

Credit, $60,000

Explanation:

Given,

Market rate = 10%

Face value $60,000 = Principal value.

When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.

Therefore,

Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.

It is credit because it is matured on the date of cash payment.

You might be interested in
Whats 63% of 1827?<br><img src="https://tex.z-dn.net/?f=%20%7B7%20%5Ctimes%208%7D%5E%7B2%7D%20" id="TexFormula1" title=" {7 \tim
MrMuchimi
63% of 1827 is 1179.36
7*8^2 is 448.
6 0
3 years ago
On time airways will pay you $456 for working two weeks at $12 per hour. how many hours will you work per week?
qwelly [4]
You will work 38 hours per week. It is super simple, all you have to do is divide 456 by 12, and then that's your answer. Can I plz have brainliest and ty :)
8 0
2 years ago
Bank deposits that can be withdrawn on demand in various ways, including with a check or debit card, are called:
Nady [450]

Answer:

Demand deposits is the answer of your question

4 0
3 years ago
How long does a trademark last? _____
4vir4ik [10]

Answer:

for ten years please thanks

4 0
2 years ago
Read 2 more answers
A stock produced returns of 14 percent, 17percent, and -1 percent over three of the past four years, respectively. The arithmeti
mariarad [96]

Answer:

11.23%

Explanation:

Arithmetic return = Total return/Total time period  

6% = (14% + 17% - 1% + x%) / 4

(6%*4) =30% + x

24% = 30% + x

x = (24% - 30%)

x = -6%

<em>For the standard deviation, we need to use </em><u><em>stdev.s function</em></u><em> in Ms Excel</em>

Standard deviation = stdev.s (14%,17%,-1%,-6%)

Standard deviation = 0.112249722

Standard deviation = 11.23%

So, the standard deviation of the stock's returns for the four-year period is 11.23%.

3 0
2 years ago
Other questions:
  • Michael Jordan purchases (long) 10 shares of XYZ stock for 23.00 per share. Six months from now he will sell all 10 shares. The
    11·1 answer
  • Skullcandy makes headphones. For 2016 it plans to offer a new product line of wireless headsets to the marketplace. It planned o
    15·1 answer
  • The addition of acceptance criteria factors to the milestone schedule in a project charter helps the team understand who will ju
    11·1 answer
  • FreshLeaf is a commercial salad maker that produces "salad in a bag" that is sold at many local supermarkets. Its customers like
    14·1 answer
  • Which of the following statements is most likely true of market follower strategies? market followers have the resources to expa
    15·1 answer
  • The demand for lobsters is lower in the spring than in the summer. If the price of lobster is higher in spring than in summer th
    13·1 answer
  • Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory $ 550 $ 650 $ 750 En
    6·1 answer
  • Doanh nghiệp được trích trước tiền lương nghỉ phép của toàn bộ người lao động trong công ty. Đung hay sai
    8·2 answers
  • The risk of employee opportunism, on behalf of agents, is exacerbated by the concept of:________
    7·1 answer
  • How are time tickets and materials requisition slips similar?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!