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Elena-2011 [213]
3 years ago
15

On January 1, 2015, $3,000,000, 5-year, 10% bonds, were issued for $2,916,000. Interest is paid semiannually on January 1 and Ju

ly 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is:
Business
1 answer:
Nikitich [7]3 years ago
7 0

Answer:

amortization amount per month: $ 1,400

Explanation:

the discount will be the difference between the face value and the value at which the bonds were actually issued:

3,000,000 - 2,916,000 = 84,000

Now to calculate the straight-line amoritzation we divide by the total number of payment:

5 years x 2 payment per year = 10 payment

$84,000 discount / 10 payment = 8,400 amotization per payment

payment are made between 6 month thus, monthly amortization: 8,400 / 6 = 1,400

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krek1111 [17]

Answer:

Scarcity refers to the basic economic problem, the gap between limited  that is, scarce  resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

HOPE THIS HELPED!!!!!!!!!!XDDDDD

8 0
3 years ago
Read 2 more answers
A talented musician plays for tips on the street but never seems to make very much money. Which of the following economic concep
rosijanka [135]

Answer:

The correct answer is: the free-rider problem.

Explanation:

The free-rider problem occurs when individuals do not want to pay their fair share for something others pay. The free-rider problem tends to happen when everyone has access to a source without constraints and there is little to no regulation over the use of the resource.

Thus, <em>the talented musician's jar is never full because of the free-rider problem: some people give the musician tips to eager him to continue doing it or because they liked the music while others, even if they liked and enjoyed the musician's play, are reluctant to tip him since they prefer to listen to the music for free.</em>

6 0
4 years ago
Penny buys 3 bouquets of flowers for $3 each and 4 bouquets for $2 each. which expression gives the total cost of the bouquets t
Elis [28]

The correct answer is 3³+ 4×2

Lets, calculate the total cost of the boquets of flowers that penny buys,

Penny buys 3 boquets of flowers, for 3$ each so, the total cost is given by,

3×3 = 33$

Penny buys 4boquets of 2$ each.

So, the total cost of the boquets of the flowers that worth 2$ each is given by,

(4×2 )

So, the total costs of the boquets of flowers that penny buys is given by,

3³+42.

Total cost is defined as the total expense by the individual or a company added to the variable costs occur. Total cost help the businesses to calculate their profits and loss and maintain their sales data.

The terms fixed costs, total fixed costs, and variable costs have a similar sound, there are important distinctions among the three. The primary difference is that whereas variable costs and total fixed costs are heavily over dependent on the quantity of goods or services a company produces, fixed costs do not take that quantity into account.

To learn more about fixed cost, refer this link

brainly.com/question/27328807

#SPJ4

4 0
2 years ago
Joan is on trial for first-degree murder. It is a jury trial in which she is pleading not guilty. Presently, the plaintiff's att
Eduardwww [97]

Answer:

The correct answer is letter "B": direct examination.

Explanation:

In a trial, both the plaintiff and the defendant are right to bring eyewitnesses to the court who can testify on their favor. When the plaintiff's attorney calls one of the defendant's eyewitnesses to provide his or her version of the facts regarding the case, a direct examination takes place. The plaintiff's attorney makes a series of questions relevant to the decision the judge could take of the case and further evidence can be presented.

3 0
3 years ago
Kirk wants to attend a four-year college. Which cost factors does Kirk need to research for the out-of-state school he wants to
klemol [59]
They are all true except for local movies and restaurants
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