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
Alex73 [517]
2 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]2 years ago
6 0

Answer:

Hi!

Explanation:

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

You might be interested in
Sawyer Industries began business at the start of the current year. The company planned to produce 25,000 units, and actual produ
valentina_108 [34]

Answer:

$208,000

Explanation:

The computation of the absorption-costing income is shown below:

As we know that

Net income = Gross profit - variable expense - fixed expense

where,

Gross profit is

= Sales - cost of goods sold

= (22000 units at $30) - (22,000 units at $14)

= $660,000 - $308,000

=  $352,000

The $14 come from

= 8 + 150,000 ÷ 25,000

= 8 + 6

= 14

Now the variable expense is

= 22000 at $2

= $44,000

And, the fixed expense is $100,000

So, the net income is

= $352,000 - $44,000 - $100,000

= $208,000

6 0
2 years ago
Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year mexican bond that pays 10% interest. N
Iteru [2.4K]

The amount of money I would have in US dollars would be $1,000

<h3>How much would I have in US dollars?</h3>

The first step is to convert dollars to pesos:

$1000 x 10 = 10,000 pesos

The second step is to determine the value of the investment in a year's time: (1.10) x 10,000 = 11,000 pesos

Now, convert pesos to dollars : 11,000 / 11 = $1,000

To learn more about exchange rate, please check : brainly.com/question/25780725

#SPJ1

6 0
2 years ago
If you have 1-year rate is 8%, 2-year rate is 9%, and 3-year rate is 10%. Assume that the pure expectations theory for the term
e-lub [12.9K]

Answer:

1 year rate 2 year from now = 12%  (Approx)

Explanation:

Given:

1-year rate = 8%

2-year rate = 9%

3-year rate = 10%

Computation:

According to Pure Expectations Hypothesis,

(1 + 3-year rate)³ = (1 + 2-year rate)² (1 + 1 year rate 2 year from now)

(1.10)³ = (1 + 1.09)²(1 + 1 year rate 2 year from now)

1.331 = 1.1881 (1 + 1 year rate 2 year from now)

(1 + 1 year rate 2 year from now)  = 1.12

1 year rate 2 year from now = 0.12

1 year rate 2 year from now = 12%  (Approx)

3 0
3 years ago
true or false: Quality function deployment (QFD) allows people to see how aspects of their products and services relate to custo
Marta_Voda [28]

Answer:

False

Explanation:

QFD is the process by which the opinions or wants of customers are used to create products that meets the needs f consumers

8 0
2 years ago
What are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and clos
denis23 [38]

Answer:

operational business processes

Explanation:

The processes carried out within a company are divided into:

  • operational business processes: carried out by entry level employees and includes routine daily business processes
  • tactical or managerial business processes: carried out by lower management or supervisors and includes semi-routine monthly business processes
  • strategic business processes: carried out by upper management and includes dynamic, non-routine long-term business decision processes

6 0
3 years ago
Other questions:
  • Name one of the three functions of money.
    8·1 answer
  • A work that is created in small scale can communicate __________ .
    12·1 answer
  • Which of these statements demonstrate the economic concept of scarcity? check all that apply. all useful resources are limited i
    13·2 answers
  • As the strategic manager of CutRite Scissors, you are tasked with producing a strategy forintroducing a new line of premium scis
    13·1 answer
  • Do you have an option to pay taxes?
    12·2 answers
  • The key to setting a final price for a product is finding an approximate price level to use as a reasonable starting point. Four
    14·1 answer
  • Which of the following benefits is offered by sales promotion tools? A) Sales promotion tools are more authentic and credible to
    11·1 answer
  • Should all managers must always aim for the top position?why or why not
    14·2 answers
  • On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $65,400. During 2021, $103,000 was paid f
    7·1 answer
  • From an entrepreneurial perspective, ______ is a description of the future you envision for your business.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!