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]
3 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]3 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
The purpose of sobriety checkpoints that are set up by community and state police is to deter drunk driving and ultimately save
lorasvet [3.4K]

Answer:

A) Laws represent the minimum guidelines that companies must follow,whereas a firm's ethical stance may venture beyond the minimum level of compliance.

Explanation:

In the given scenario there are laws that allows community and state police to set up sobriety check points that discourages drunk drivers and saves lives.

The inclusion or removal of applications that helps drunk drivers avoid these checkpoints is not covered by the law. So if a company decides to include such applications it is at their discretion.

Blackberry have chosen to remove applications that helps drunk drivers avoid checkpoints. This is an example of when a company has ventured beyond the minimum level of compliance because of their ethical stance.

Google and Apple however have only ventured beyond the minimum compliance level because they have refused to honour requests by legislators to remove apps that permit smartphone users to navigate around the checkpoints.

5 0
3 years ago
Elite Trailer Parks has an operating profit of $225,000. Interest expense for the year was $35,200; preferred dividends paid wer
riadik2000 [5.3K]

Answer:

<em>Earnings per share (EPS) =</em> $4.70 per share

<em>Dividend per share  (DPS)= </em>$1.82 per share

Explanation:

                                               Elite Trailer Parks

                                           Income statement

                                                       $

Operating Profit                       225,000.00

less interest expense             <u>  (35,200.00)</u>

Profit before Tax                        189,800.00

Less Tax                                        <u>64,600.00)</u>

Profit after tax                       125,200.00

Preferred dividends                (<u>30,700.00)</u>

<em>Earnings to common stock </em>       <u>   94,500.00</u>

Dividend to Common stock           36,600.00

<em>Earnings per share (EPS)</em>

<em>Earnings per share (EPS) = Earnings available to ordinary shareholders /unit of shares</em>

=$94,500.00/20,100 units

= $4.70 per share

<em>Dividend per share  (DPS)</em>

=<em> Total dividend to common stock/ units of shares</em>

=36,600.00/ 20,100 units

=$1.82 per share

<em>Earnings per share(EPS) =</em> $4.70 per share

<em>Dividend per share  (DPS)= </em>$1.82 per share

5 0
3 years ago
What types of firms lend to businesses needing capital or long-term funds?
nadya68 [22]

Answer:

c

Explanation:

7 0
2 years ago
Dover Co.'s comparative balance sheet indicated that the Equipment account increased by $40,000. Upon further investigation of t
nalin [4]

Answer:

-$62,000

Explanation:

The computation of the net cash flow provided or used by investing activities is shown below:

Cash flow from investing activities

Purchase of an equipment -$70,000

Sale value of the equipment $8,000

Net cash flow used by investing activities -$62,000

The purchase represents the cash outflow therefore it is presented in a negative sign while the sale  represents the cash inflow therefore it is presented in a positive sign

8 0
3 years ago
1. What physical skills develop in the first year?
RSB [31]

Answer:

Rolling on their tummy's, hand- eye coordination, standing up right, and being able to grasp their own shoes are some physical skills that are developed.

Explanation:

babies steadily gain weight and grow in length throughout this first year, often in growth spurts. Cognitive development . This means how the brain forms its abilities to learn and remember.

8 0
2 years ago
Other questions:
  • Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $287,000, has an estimated useful life of 8 years and an es
    5·1 answer
  • Octavio wants to compare the gross national product for six different countries for the year 2016. the best way for him to displ
    11·1 answer
  • Dewayne Gibbons of Burger King decided to introduce a new sliced chicken sandwich without consulting any of his subordinates or
    15·1 answer
  • Dyan, the owner of expert restoration services, inc., adheres to the "principle of rights" theory. under this theory, a key fact
    6·2 answers
  • Ralph works in the HR department and is in charge of developing the plans for how people are paid and how the employee benefits
    5·1 answer
  • Wyatt is a businessman. He often travels to different places for business purposes and spends money on hotel stays and get-toget
    15·2 answers
  • MECCS Inc. stock paid its annual dividends of $4.90 per share yesterday. The dividend is expected to decrease at a constant rate
    11·1 answer
  • Equivalent-unit calculations are necessary to allocate manufacturing costs between: Multiple Choice cost of goods manufactured a
    8·1 answer
  • A lifestyle that minimizes avoidable frustrations could particularly benefit a person who is predisposed to higher levels of str
    11·1 answer
  • In the components of a business plan, what section contains a detailed description of the company, the problem/opportunity, prop
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!