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blagie [28]
3 years ago
7

Bonds Payable has a balance of $928,000 and Discount on Bonds Payable has a balance of $11,136. If the issuing corporation redee

ms the bonds at 98, what is the amount of gain or loss on redemption?
a.$11,136 loss
b.$7,424 loss
c.$7,424 gain
d.$11,136 gain
Business
1 answer:
Setler [38]3 years ago
5 0

Answer:

c.$7,424 gain

Explanation:

Book value of bonds payable:    

Par value of bonds payable                      $928,000  

Less: Discount on bonds payable              $11,136  

Book value of bondds payable               $916864  

Redemption value of bonds ($928,000*98%)   $909440  

Gain on Redemption of bonds                 $7424

Therefore, The amount of gain or loss on redemption is $7424.

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Answer:

Kofi aka Da Flex

Explanation:

Not sure but i think this might be the answer

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3 years ago
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Unfortunately, Angie doesn't have enough money in her account right now. She needs to make additional contributions at the end o
SIZIF [17.4K]

Answer: $770.22

Explanation:

If she makes equal contributions then those would be annuities. The $9,000 she wants to have will be the future value of the amount currently in her account and the annuity.

9,000 = 5,000 ( 1 + r) ^ n + ( annuity * future value interest factor of an annuity, 9%,  3 years)

9,000 = 5,000 ( 1 + 9%) ^ 3 + ( Annuity * 3.2781)

9,000 = 6,475.145‬ + 3.2781 * Annuity

Annuity  = (9,000 - 6,475.145‬) / 3.2781

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4 0
3 years ago
A company produces a single product. Variable production costs are $12.50 per unit and variable selling and administrative expen
wlad13 [49]

Answer:

value of ending inventory under variable production is $104375

Explanation:

given data

Variable production costs = $12.50 per unit

variable selling and administrative expenses = $3.50 per unit

Fixed manufacturing overhead totals = $41,000

Fixed selling and administration expenses total = $45,000

production = 4,500 units

sales = 3,850 units

to find out

the dollar value of the ending inventory under variable costing would be

solution

we find here ending inventory that is express as

ending inventory = production - sale

ending inventory = 4500 - 3850

ending inventory = 8350

so

variable production cost of 8350 units are

variable production cost = 8350 × $12.50

variable production cost = $104375

so value of ending inventory under variable production is $104375

8 0
3 years ago
How does the Federal Funds Rate affect consumers looking to take out a loan?
Artyom0805 [142]

Answer:

The federal funds rate is the rate at which banks borrow money overnight. When the Fed wants to stimulate the economy, it will lower the short-term funds borrowing rate. In response, banks typically lower the interest rates they charge to consumers for a variety of loans.

6 0
3 years ago
You have a $50,000 portfolio consisting of Intel, GE, and Con Edison. You put $20,000 in Intel, $12,000 in GE, and the rest in C
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Answer: 1.048

Explanation:

First let us calculate the amount in Con Edison

= 50,000 - 20,000 - 12,000

= $18,000

To calculate the Portfolio Beta, you take the sum of the respective betas of the various stocks in the portfolio multiplied by their proportion in the portfolio.

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= 2/5

GE = 12,000/50,000

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= (1.3*2/5) + (1*6/25) + (0.8*9/25)

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If you need any clarification do react or comment.

3 0
3 years ago
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