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
deff fn [24]
3 years ago
13

Company purchased $60,000 of Stanton Company’s 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its

first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest.What are the total proceeds from the February 1 sale?
a. $52,000
b. $50,000
c. $52,400
d. $51,500
Business
1 answer:
ASHA 777 [7]3 years ago
5 0

Answer:

d. $51,500

Explanation:

Proceed from sale of the bonds

face value x quote

50,000 x 103/100 = 51,500

The company will recognize a gain from the sale of 1,500 dollars as it sold  the investment for 51,500 while it was valued at 50,000 in their books

You might be interested in
In the process of brainstorming his goals, Robert realized his Web business was more about money than creativity. His decision t
bixtya [17]
From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.
6 0
3 years ago
What type of interest will earn you the most amount on your money?
kirill [66]
1=A
2=D
3=C
4=A
5=C
6=C
7=D
8=A
9=C
10=D
11=C
12=A
13=C
14=B

8 0
3 years ago
The team leadership model puts who or what in the driver's seat of team effectiveness
just olya [345]
Team leadership model is a tool that is used to choose an effective leader in a way that he or she could be efficient in every way that he or she encountered. Most people use this tool because it contains factors and standards of an effective leader must have
5 0
3 years ago
Walters Corporation sells radios for $50 per unit. The fixed costs are $525,000 and the variable costs are 60% of the selling pr
anyanavicka [17]

Answer:

26,000 units  

Explanation:

The computation of the new break even point in units is shown below:

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Fixed cost = $525,000 + $125,000 = $650,000

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $50 - $25

= $25

So, the break even point in units is

= $650,000 ÷ $25

= 26,000 units  

3 0
3 years ago
Read 2 more answers
The purpose of sobriety checkpoints that are set up by community and state police is to deter drunk driving and ultimately save
lorasvet [3.4K]

Answer:

A) Laws represent the minimum guidelines that companies must follow,whereas a firm's ethical stance may venture beyond the minimum level of compliance.

Explanation:

In the given scenario there are laws that allows community and state police to set up sobriety check points that discourages drunk drivers and saves lives.

The inclusion or removal of applications that helps drunk drivers avoid these checkpoints is not covered by the law. So if a company decides to include such applications it is at their discretion.

Blackberry have chosen to remove applications that helps drunk drivers avoid checkpoints. This is an example of when a company has ventured beyond the minimum level of compliance because of their ethical stance.

Google and Apple however have only ventured beyond the minimum compliance level because they have refused to honour requests by legislators to remove apps that permit smartphone users to navigate around the checkpoints.

5 0
3 years ago
Other questions:
  • In the economy of​ Cycladia, the total unemployment rate is equal to 11.0 ​percent, the structural unemployment rate is 2.42.4 ​
    6·1 answer
  • Will mark BRILLIANT !!! Over the past few decades, what has been shown about school readiness programs? A . They are too challen
    13·1 answer
  • The tax rate of $.0815 in decimal can be expressed as _____ mills.
    8·1 answer
  • Marcus is a self-employed marketing consultant. He is good at helping his clients with their marketing challenges; however, he i
    9·1 answer
  • 8. The following transactions and events occurred during the year. Assuming that Picture Perfect Physicians’ uses the indirect m
    15·1 answer
  • The document that the purchasing department prepares and sends to the vendor to place an order is:
    12·2 answers
  • Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government p
    11·1 answer
  • What are the five C's of the marketing mix?
    6·2 answers
  • hich of the following statements is correct? Group of answer choices Advertising expense is a product cost Service firms do not
    12·1 answer
  • Suppose you have $850 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. Ho
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!