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
tino4ka555 [31]
3 years ago
12

On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are c

lassified as held-to-maturity, mature on June 30, Year 14, and pay interest semiannually on June 30 and December 31. Using the interest method, Pell recorded bond discount amortization of $1,800 for the 6 months ended December 31, Year 4. From this long-term investment, Pell should report Year 4 revenue of
Business
1 answer:
gayaneshka [121]3 years ago
6 0

Answer:

$21,800

Explanation:

The computation of 4-year revenue is as shown below:-

Bond Income of 4th Year = Face amount × Bond × 1 ÷ 2

= $500,000 × 8% × 1 ÷ 2

= $20,000

Interest Revenue = Bond Income + Amount of Discount Amortized

= $20,000 + $1,800

= $21,800

Therefore for computing the interest revenue we simply bond income with the amount of discount amortized.

You might be interested in
Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in th
Andrej [43]

Answer:

$275,000

Explanation:

Cash collections in April = 70% of sales in April +20% sales in March + 10% sales in Febuary

= 70% * $250,000 + 20% * $350,000 + 10% * $300,000

= $275,000

7 0
3 years ago
Crawford Fishing had a net income of $35,640 in 2022. They decided to pay $3,000 in dividends and keep the rest to help expand t
OverLord2011 [107]

Answer:

The answer is Retain earning (RE).

Explanation:

The profit that they keep to reinvest in the business is reported as retain earning. The part of profit that is not payout as dividend and held for reivestment or any other purpose is included in retian earning and repoted in balance sheet as part of equity above liability section.

Retain earning = Net income - dividend

Retain earning = 35,640 - 3,000  = $ 32,640

3 0
3 years ago
What is the award recieved after completing a four year undergrad program called?
madam [21]
The award received after completing a four year undergrad program is called a bachelors degree. 
3 0
3 years ago
Identify the trade-restraining practice that this example demonstrates. Two retailers decide that they will both sell no more th
Sav [38]

Answer:

The right approach is "Controlling output".

Explanation:

  • Correlation between these two retailers starts deciding that they would rather whether to sell no upwards of hundred TV premium increases for every month throughout order to ensure the highest TV appearance.
  • This seems to be essentially successful when something is necessary to maintain this same inventory but instead influence the suitable provision including its corporation as well as to create pricing power by offering to buy a small share of the economy.
5 0
3 years ago
CPA Inc. is a publicly traded company. The stockholders of this company delegate the authority to make decisions for the company
lapo4ka [179]

Answer:

The appropriate approach is "Principal-agent problems".

Explanation:

  • A contradiction of objectives or priority between someone individual or organization as well as the authorized accompanying documents to operate over its behalf is considered as Principal-agent problem.
  • The possession of a commodity or fundamental assigns immediate supervision of that resource to some other agency may transpire in whatsoever circumstance.
4 0
3 years ago
Other questions:
  • The following selected transactions relate to liabilities of Chicago Glass Corporation for 2016. Chicago's fiscal year ends on D
    10·1 answer
  • A customer has requested that Lewelling Corporation fill a special order for 2,600 units of product S47 for $31 a unit. While th
    5·1 answer
  • When figuring out the total amount of debt you are responsible for, you should include
    14·1 answer
  • What is one result of an effective corporate compliance program in a healthcare facility?
    6·1 answer
  • Loren and Kendra enter into a contract for the distribution of Loren’s produce to local restaurants for which he agrees to pay K
    9·1 answer
  • Drag the tiles to the correct boxes to complete the pairs. Compare the sources of consumer credit
    14·2 answers
  • As little as
    6·1 answer
  • How much does supplemental medicare insurance cost?.
    12·1 answer
  • Louis stepped off the train on his way home from work one evening to see Express Mobile employees leading a large number of comm
    5·1 answer
  • A market in which a small number of strategically interacting firms produce the dominant share of output is called:_____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!