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
Ipatiy [6.2K]
3 years ago
14

Moonlight Company sells $ 300 comma 000 of 9​%, 15​-year bonds for 67.0453 on April​ 1, 2018. The market rate of interest

on that day is 14.5​%. Interest is paid each year on April 1. The issue price of the bond is $ 201 comma 136. Moonlight Company uses the​ straight-line amortization method. The amount of interest expense for each year will be
Business
1 answer:
Lubov Fominskaja [6]3 years ago
3 0

Answer:

Interest expense for the year: 33,590.33

Explanation:

face value $ 300,000

rate 9%

time 15 years

issued at   $  201, 136

discount:  $    98, 864

amortization per year under straight-line: the discount is equally distributed for each period

98,864 / 15 = 6,590.33

<u><em>interest expense per year:</em></u>

face value x rate + amortization:

300,000 x 0.09 + 6,590.33 = <em>33,590.33</em>

You might be interested in
when a person intentionally deceives another person or company for personal gain, this is referred to as
murzikaleks [220]
A ‘con’ maybe? only thing i can think of
6 0
2 years ago
_______ includes the initiation of joint ventures with nationals (individuals or those in firms, labor unions, or government) to
Leno4ka [110]

Answer:

Equity sharing                

Explanation:

Equity sharing: The term "equity sharing" is also referred to as "co-ownership" or "shared ownership", and is described as a process in which more than one owner is being involved and utilizes one property in order to blend them to "maximize tax deductions and profit". Generally, equity sharing occurs when different parties ought to find a particular home and then buys it together as "co-owners", yet these people tend to join to "co-own" a particular property a person already bought it before or owns it.

In the question above, the given statement represent equity sharing.

5 0
3 years ago
、HowTotalRevenueChangesWhenPriceChanges?PleaseusetheElasticityandDemand 订curvetoexplainit.​
vlabodo [156]
<h3>When you increase price,you increase revenue on units sold.When you increase price,you sell fewer units.</h3>

Hope this helps

<h2>--SirGerick--</h2>

8 0
2 years ago
Roca Company originally issued 30,000 shares of $5 par common stock for $240,000 on January 3, 2020. Roca purchased 1,500 shares
hram777 [196]

Answer:

Date   Particulars                                    Debit          Credit

Jan 3  Cash                                           $240,000

                Common stock (30000*5)                       $150,000

                Paid-in-capital in excess                          $90,000

Nov 2  Treasury stock                            $15,000

                  Cash                                                         $15,000

Dec 6  Cash                                              $7,200

                  Treasury stock[75000/1500*600)          $6,000

                   Paid in capital from treasuty cash          $1,200

4 0
2 years ago
________ is a unique forum that has evolved into the primary regional vehicle for promoting trade liberalization and economic co
Genrish500 [490]

Answer:

The answer is APEC

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

6 0
2 years ago
Other questions:
  • What will an executive summary for a new business contain that a business plan for a well-established business will not?
    10·2 answers
  • How do you know which unit of a conversion factor must be in the denominator?
    13·1 answer
  • Pearls, Pearls, Pearls! manufactures and sells jewelry. The total variable cost of goods sold this month is $72,490. Variable se
    6·1 answer
  • John, a product manager, ensures that his team has regular meetings and no team member is absent during the meetings. He also en
    12·1 answer
  • Pasadena candle inc, budgeted production of 785000 candles for the year. Wax is required to produce a candle. Assume 10 ounces o
    15·1 answer
  • Hello anyone know carson lueders
    15·2 answers
  • Which tool(s) of monetary policy would the Federal Reserve use if it wanted to increase the money supply?
    14·1 answer
  • Sunland Company reports the following operating results for the month of August: sales $300,000 (units 5,000); variable costs $2
    10·1 answer
  • Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 30,000 units. Company poli
    13·1 answer
  • a seller transfers title to a buyer with a general warranty deed. in which clause of the deed does the seller define the quality
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!