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alex41 [277]
2 years ago
9

Jent Corp. purchased bonds at a discount of $10,000. Subsequently, Jent sold these bonds at a premium of $14,000. During the per

iod that Jent held this investment, amortization of the discount amounted to $2,000. What amount should Jent report as gain on the sale of bonds?A. $12,000B. $22,000C. $24,000D. $26,000
Business
1 answer:
MAXImum [283]2 years ago
3 0

Answer: Amount should Jent report as gain on the sale of bonds : <em>$22000</em>

Explanation:

Given:

Bonds purchased at a discount of $10,000

Bonds sold at a premium of $14,000

Amortization of the discount amounted to $2,000.

Therefore, gain on the sale of bonds can be computed as:

Gains = (Cost + Premium) - (Cost - Carrying Cost)

∵ Carrying Cost = Purchasing Cost - Amortization

Carrying Cost = 10000 - 2000

Carrying Cost = $8000

∴ Gains = (10000 + 14000) - (10000 - 8000)

<u><em>Gains = $22000 </em></u>

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Quincy has job offers in Brexington and across the country in Charlieville. The Brexington job would pay a salary of $50,000 per
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Based on the CPI in both places, the Brexington salary in Charlieville is $30,000.

<h3>Brexington salary in Charlieville </h3>

This can be found by the formula:

= Brexington salary x CPI of Charlieville / CPI of Brexington

Solving gives

= 50,000 x (90 / 150)

= $30,000

In conclusion, option A is correct.

Find out more on CPI at brainly.com/question/512131.

3 0
2 years ago
What organization did ukraine want to join that russia did not want them to join?.
IgorC [24]

Answer:

Ukraine wanted to join NATO but Russia sees that as a no-no

Explanation:

facts

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2 years ago
Walmart What should you do if you cannot fit an entire case on the shelf
Fofino [41]

Answer & Explanation:

If there is no other place for it. The case must be put back together and returned to the back room to be stored. There are times where it is acceptable to return a partial case to the back. An example is if a customer asks for an item out of the box.

6 0
3 years ago
What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equa
soldi70 [24.7K]

Answer:

Inventory turnover= 5.5 times

Explanation:

Current ratio is given as 3

Cost of goods sold = $5,000

Current assets = $1,800

Quick ratio= 1.5

Current ratio= current assets/ current liabilities

3= 1,800/ current liabilities

Current liabilities= 1,800/3

Current liabilities= $600

Quick ratio= Cash and Receivables/ Current liabilities

1.5= Cash and Receivables/600

Cash and Receivables= 600* 1.5= $900

Current asset= Cash and Receivables + Inventory

1,800= 900+ Inventory

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3 years ago
A sample consensus formula for fluid replacement recommends that a balanced salt solution be administered in the first 24 hours
sp2606 [1]

Answer:

A 176-lb (80-kg) man with a 30% burn should receive a minimum of 2,400 ml of fluid replacement in the first 8 hours

The answer is option b. 2,400 ml

Explanation:

<em>Step 1: Determine total minimum ml per percentage of burn</em>

Minimum ml per kg=2 ml

The man is 80 kg

Total minimum ml to be administered per percentage of burn=minimum ml per kg×weight of the man

replacing;

Total minimum ml to be administered= 2×80=160 ml per percentage

<em>Step 2: Determine total minimum ml  in the first 24 hours</em>

This can be expressed as;

Total minimum ml to be administered=Total minimum ml to be administered per percentage of burn×percentage of burn

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replacing;

Total minimum ml to be administered in the first 24 hours=160×30=4,800 ml

<em>Step 2: Determine total minimum ml  in the first 8 hours</em>

total minimum ml to be administered in the first 8 hours=50%×4,800

(50/100)×4,800=2,400 ml

A 176-lb (80-kg) man with a 30% burn should receive a minimum of 2,400 ml of fluid replacement in the first 8 hours

6 0
2 years ago
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