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Tasya [4]
2 years ago
10

Tempest Co. purchased 60, 6% Ulrich Company bonds for $60,000 cash. Interest is payable semiannually on July 1 and January 1. If

30 of the securities are sold on July 1 for $32,000, the entry would include a credit to Gain on Sale of Debt Investments for Select one: a. $2,000. b. $1,750. c. $1,800. d. $0 e. $1,600.
Business
1 answer:
PolarNik [594]2 years ago
7 0

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, the given data are as follows:

Purchase Bonds = 60

Purchased bonds value = $60,000

So Purchased value of 30 bonds = $60,000 ÷ 2  = $30,000

Sold 30 bonds at value = $32,000

So, we can calculate the gain on sale by using following formula:

Gain on sale = Sold 30 bonds at value - Purchased value of 30 bonds

By putting the value, we get

= $32,000 - $30,000

= $2,000

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Answer:

The rate at which to discount the payments to find sum borrowed is 12.68%

Explanation:

The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:

Effective annual rate = (1 + Quoted interest rate/m)^m - 1

quoted interest rate is 8.40

m is the number of months in a year when compounding is done which is 12

effective annual rate=(1+8.40%/12)^12-1

effective annual rate=(1+0.01)^12-1

effective annual rate=(1.01)^12-1

effective annual rate=1.12682503 -1

effective annual rate=0.12682503=12.68%

7 0
3 years ago
Identify the correct statement regarding an employee assistance program. Multiple Choice It involves hiring an arbitrator from o
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Answer:

It is a system that supervisors can use to refer their employees for professional treatment when necessary.

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Therefore the above represent the answer

5 0
2 years ago
When a country's economy is producing at a level that exceeds its potential gdp, the standardized employment deficit will show a
Alla [95]

Answer:

<u>smaller deficit</u>.

Explanation:

A smaller deficit than the current deficit is the ideal answer to fill the gap. A deficit occurs when expenditures are greater than revenues, so in an economy with a surplus, revenues will be larger than expenses, so the standardized employment deficit will be smaller than the current one, because an economy with a GDP that exceeds its potential , is an economy that is expanding, production is larger, which consequently increases the employment rate and decreases the deficit.

5 0
3 years ago
The fed wants to decrease the money supply when the economy is booming and inflationary pressures ________ in the economy.
aleksandr82 [10.1K]
Hey there.......


the answer is .........
   raises

hope it helps


extra info: The inflation gap is a Negative function of the unemployment gap. Expectations eliminate the effectiveness of the policy.

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When decelerating below long-run trend growth, stimulate it with expansionary policy.
8 0
3 years ago
Based on this​ analysis, a large portion of product cost relates to direct material. Managers should determine whether the direc
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Answer:True

Explanation:

A large portion of product cost relates to direct materials and the number if setups is directly proportional to the length if time require to carry out production. When producing I Small lots,production will take place in small scale and transported in small scale so bearing goods to a consumer with large will involve repeated production and multiple shipping to meet up .

5 0
3 years ago
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