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Alex73 [517]
3 years ago
12

On 1/1/2010, Fikle Corporation issued $3,000,000 of 10% bonds due December 31, 2019. Interest on the bonds is payable annually e

ach December 31. The bonds were sold for $3,402,605, which is market yield of 8%. Legal and other costs of $210,075 were incurred in connection with the issue, which increased the cost of borrowing (effective rate) from 8% to 9%.1. Record the sale of the bond and all required interest entries for 2010 and 2011. Use the straightline method to amortize discounts and premiums.2. Record the sale of the bond and all required interest entries for 2010 and 2011. Use the effective interest rate method to amortize discounts and premiums.3. Now assume that the bonds were issued on 4/1/2010 but that all other facts (amounts, rates, maturity date) remain the same. Record the sale of the bond and all required interest entries for 2010 and 2011. Use the straight-line method to amortize discounts and premiums.4. Now assume that the bonds were issued on 4/1/2010 but that the maturity date was changed to 4/1/2020 and that interest is now payable annually on April 1 of each year. Record the sale of the bond and all required interest entries for 2010 and 2011. Use the effective interest rate method to amortize discounts and premiums.
Business
1 answer:
xeze [42]3 years ago
6 0

Answer:

Hi!

Explanation:

I advise you to visit this resource. Otherwise, brains begin to boil - http://mavizion.com

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All of the following are accurate statements about credit reports EXCEPT:
Paha777 [63]

Answer:

A. Consumers are not allowed to see their credit reports.

Explanation:

A credit report communicates how reliable an individual or an entity in repaying their debts. It assesses individual creditworthiness by assigning a credit score to each potential borrower. A high credit score shows the individual is reliable in settling their obligations.

Individuals are often encouraged to counter check their credit report to confirm accuracy. Credit bureaus do share credit reports with customers on-demand or at regular intervals. An inaccurate credit report may be a hindrance to obtaining credit facilities such as a loan or a mortgage.

3 0
3 years ago
A marketing channel ____ (A) emphasises benefits of a product to consumers.(B) makes possible the flow of products and services
svetoff [14.1K]

Answer:

Correct statement is (B)

Explanation:

Marketing channel is the combination of all the people who are responsible for delivery or reach of the product from producer to the last consumer.

Thus, it is a chain from producer to wholesaler to retailer and then to consumer.

Marketing channel makes sure about the market present for the next level. That is for producers it provides wholesalers, for wholesalers it provides retailers and to retailers it provides consumers.

Thus, statement (B) is correct.

4 0
4 years ago
In 2020, Ada lived with her son, Robert, and his wife, Barbara. Ada’s only source of income was a $1,500 fully taxable pension,
Harrizon [31]

Answer:

$5,300

Explanation:

Calculation to determine Ada’s total support for the year

Medical and drug expenses $600

Add Lodging $1,200

Add household total food expense $2,000

($6,000/3 Ada+Robert+Barbara)

Add Source of income $1,500

Total support $5,300

($600+$1,200+$2,000+$1,500)

Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300

3 0
3 years ago
A(n) _____ innovation initially provides a lower level of performance than the marketplace has grown to accept but is improved t
Anuta_ua [19.1K]

Answer: c.disruptive

Explanation: A disruptive Innovation is one that leverages new technologies to attack existing markets from the bottom up (existing market/new technology).

4 0
3 years ago
Resolve (7x+19)/(x+1)(x+5) into partial fraction​
Volgvan

Answer:

\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}

Explanation:

The given expression is  

\dfrac{7x+19}{(x+1)(x+5)}

We need to resolve this into partial fraction.

The form of the partial fraction decomposition is

\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A}{x+1}+\dfrac{B}{x+5}        ...(1)

\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A(x+5)+B(x+1)}{(x+1)(x+5)}

7x+19=Ax+5A+Bx+B

7x+19=(A+B)x+(5A+B)

On comparing both sides, we get

A+B=7      ...(2)

5A+B=19    ...(3)

Subtract (2) from (3), we get

4A=12

A=3

Put A=3 in (1).

3+B=7

B=4

Put A=3 and B=4 in (1).

\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}

Therefore, \dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5} .

5 0
3 years ago
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