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elena-s [515]
3 years ago
5

On August 31, Jackson Enterprises issued bonds with a par value of $750,000 and a stated interest rate of 8%. Interest is payabl

e semiannually on June 30 and December 31. If the proceeds from the issue amounted to $760,000, the bonds were likely
A
sold at a higher effective interest rate.
B
sold at a discount.
C
sold at a premium.
D
issued at par plus accrued interest.
Business
1 answer:
erma4kov [3.2K]3 years ago
6 0

Answer:

Sold at Premium (C)

Explanation:

Here, the proceeds from the bond issue ($760,000)  is higher than the par value of the bond ( $750,000 ) , meaning that it has been issued at premium.

The excess of cash received over the par value of the bond should be credited to premium on Bond payable Account .

Then, the excess of effective interest charged over interest paid will be used to write-off the premium on bond payable for the period of the bond.

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Cost of goods sold is given by:
icang [17]

Answer:

b. Net Purchases + beginning inventory - ending inventory.

Explanation:

The formula to compute the cost of goods sold is shown below:

Cost of good sold = Beginning inventory + net purchase - ending inventory

We simply added the net purchase and deduct the ending inventory to the beginning inventory so that the correct value can be determined

It records that cost which is directly related to the product that means it excludes the indirect cost

8 0
3 years ago
What's the difference between a checking account and a savings account?
elena-s [515]

Answer:

D. A checking account comes with a credit card.

Explanation:

A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.

Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.

6 0
3 years ago
A small town has few available workers, and unemployment is low. A family-owned restaurant in town has just had a very good year
stepladder [879]
Since the unemployment is low, hiring people fit for the job is a no easy task. posting stricter requirements narrows the chance even more to hire people. A good strategy here is  <span>D.The restaurant will offer a higher wage than other competitors to attract people who will apply for the job</span>
6 0
3 years ago
The current price for a good is ​$​, and units are demanded at that price. The price elasticity of demand for the good is . When
Harman [31]

Answer:

Consumer surplus decreases by $180.

Explanation:

Current consumer surplus =  $25 * 90 unit = $2250

If the price of goods drop to $23 then the new consumer surplus will be

$23 * 90 units = $2070

The change in consumer surplus is $180 .

3 0
3 years ago
Uptown Interior Designs is an all-equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $74
user100 [1]

Answer:

The answer is $1,409,600

Explanation:

Value of firm also known as enterprise value is the value of a company at a particular point in time.

The firm value can be calculated by multiplying the total number of shares outstanding by the current share price of the firm.

In this question, the price of the borrowed fund is:

$74,000/2,100shares

=$35.24

Therefore, total value of the firm is

40,000 outstanding shares x $35.24 = $1,409,600

Please note that $1,409,600 has been rounded up.

4 0
3 years ago
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