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
Rainbow [258]
3 years ago
6

On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest payment dates of April 1 and

October 1. In its income statement for the current year ended December 31,
what amount of interest expense should Cross report?
Business
1 answer:
Licemer1 [7]3 years ago
6 0

Answer:

$6,000

Explanation:

The computation of the interest expense is shown below:

= Total amount borrowed × interest rate × number of months ÷ total months in a year

= $300,000 × 8% × 3 months ÷ 12 months

= $6,000

The three months is calculated from October 1 to December 31

We have to apply the simple interest formula so that the accurate amount can come.

You might be interested in
How would you expect an increase in the price of a good to<br> affect its demand curve?
ValentinkaMS [17]

Answer: It will cause the demand curve to move inwards to the left

Explanation:

An increase in the price of a good will cause a decrease in the quantity demanded. This is in line with the law of demand that states that the higher the price the lower the quantity of goods that will be demanded.

4 0
3 years ago
Online Gourmet is an online business that provides customers with recipes and all the ingredients needed to prepare a meal. This
Alja [10]

Answer:The answer is Deep customer knowledge

Explanation:

Deep customer knowledge is a kind of research done by a business in order to know the need of their customers and how the business can help in meeting such need.it is a process of engaging with their customers with a view to know their need so as to ensure that the overall objectives of the business is accomplished. Deep customer knowledge enables a business to build a strong relationships with their customers. The use of deep customer knowledge includes the use of customers service officer to explain to their customers the use of their products or services in order to ensure that they are able to satisfy their customers and improve the sales of the business.

4 0
3 years ago
Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H
Aleks [24]

Answer:

The correct option is Dana might be indifferent between C, A, and B.

Explanation:

Note: See the attached photo for the indifference curve showing points A, B and C.

The answer can be explained using an indifference curve.

An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.

In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.

Therefore, the correct option is Dana might be indifferent between C, A, and B.

4 0
3 years ago
The Pearsons decided to beautify their home by investing in a professional interior design. In the process, they dealt with empl
Romashka [77]

There are a lot of ways to beautify the home. The people required to provide the landscaping services are considered  is <u>Inputs</u>.

<h3>What is a landscaping person? </h3>
  • A landscaper is known to be a person who earns a living by working on the earth and water so that it can become more beautiful or more aesthetically pleasing.

They are often trained in landscaping as they work to improve the existing layout and as such they are known to be <u>input </u>as they are contributing something to the beauty of the landscape.

Learn more about designers from

brainly.com/question/435722

8 0
2 years ago
The common stock of Detroit Engines has a beta of 1.34 and a standard deviation of 11.4 percent. The market rate of return is 11
stealth61 [152]

Answer:

The firm's cost of equity is C. 14.05 percent

Explanation:

Hi, we need to use the following formula in order to find the cost of equity of this firm.

r(e)=rf+beta(rm-rf)

Where:

r(e) = Cost of equity

rf = risk free rate

rm = Market rate of return

Everything should look like this.

r(e)=0.04+1.34(0.115-0.04)=0.1405

So, this firm´s cost of equity is 14.05%

Best of luck

6 0
3 years ago
Other questions:
  • An integrity-based ethics program is one in which: a. Employees act on what is best for themselves as individuals. b. Ethics are
    9·1 answer
  • Greeson Corp. signed a three-month, zero-interest-bearing note on November 1, 2020 for the purchase of $500,000 of inventory. Th
    14·1 answer
  • When a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determi
    5·1 answer
  • Taylor Shoe Company just realized that the local newspaper advertisement was not correct and they immediately contacted the loca
    8·1 answer
  • Beranek Corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. The new CFO wants to employ en
    6·1 answer
  • According to an article in the New York Times, the Venezuelan government "imposes strict price controls that are intended to mak
    10·1 answer
  • Beta Electronics reports the following data for the year ended December 31, 2019:
    15·1 answer
  • Links Golf Course is planning for the coming golfing season. Investors would like to earn a​ 10% return on the​ company's $60,00
    15·1 answer
  • A free market is one where decisions regarding what and how much to produce are made by the market itself. This market is made u
    8·1 answer
  • The tenant has signed a lease in which she will pay a base rent of $1,000 per month plus a portion of the building expenses. thi
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!