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
your supervisor, ashby, wants you to make an appointment for her to meet with a friend of yours, kevin. she wants to make a sale
Novay_Z [31]

Coercion is used by Ashby as she threatened to withhold your promotion if you don’t make the appointment.

<h3>What is Coercion?</h3>


The Indian Contract Act's Section 15 defines coercion as "committing or threatening to commit any act prohibited by the Indian Penal Code, or unlawfully detaining, or threatening to detain, any property, to the prejudice of any person whatsoever, with the intention of causing any person to enter into an agreement."

<h3>Give an example of Coercion.</h3>


For instance, if B refuses to sell his house to A for 5 lakh rupees, A may threaten to harm him. Here, even if B sells the house to A, the agreement won't be enforceable because B's cooperation was coerced. Now, coercion has the result of rendering the contract void.

Learn more about coercion here:
brainly.com/question/9000630
#SPJ4

3 0
1 year ago
The understatement of the ending inventory balance causes:
Nina [5.8K]

Answer: The correct answer is "E. Cost of goods sold to be overstated and net income to be understated.".

Explanation: The understatement of the ending inventory balance causes:  

<u>Cost of goods sold to be overstated and net income to be understated.</u>

8 0
3 years ago
Why should you memorize your social security number rather then carry your social security card in your wallet? Explain why you
kakasveta [241]

Answer:

Hmm.

Explanation:

  • Why should you memorize your social security number rather than carry your social security card in your wallet?

One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.

  • Explain why you will need to provide your social security number to employers.

You will need to provide your social security number to employers because they need to make sure that you are you.

<em>'Why do employers need my social security number? If an employer decides to extend you an offer, they will eventually need your social security number to verify your identity and work authorization and perhaps to complete a background check. However, they don't need it in the initial hiring phase.'</em>

4 0
3 years ago
How experiences will help in picking a career?
alexdok [17]

Answer:

well to be honest the more you are focused and stuff and get used to like any  subject that can help you in the near future.

Explanation:

3 0
2 years ago
Read 2 more answers
The full-production level of our economy implies ____.
drek231 [11]
Food because food is life
3 0
3 years ago
Other questions:
  • What happens to the equilibrium price when supply go down
    15·1 answer
  • What are the three major responsibilities of the federal reserve?
    8·1 answer
  • The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow:
    8·1 answer
  • For the past year, Kayla, Inc., has sales of $44,432, interest expense of $3,074, cost of goods sold of $14,909, selling and adm
    8·1 answer
  • A statement of what a company brought in and paid out is called an
    10·1 answer
  • ]alicia receives better customer service ratings than bobby but she never outperforms hector. candace typically gets better rati
    13·1 answer
  • A company's strategy can best be described as a(n) _______ about what long-term goals or direction to pursue for the survival or
    6·1 answer
  • You want to create a relational database for your company. Which application below would assist you in doing this?
    14·1 answer
  • "Sherry says, "All the paperwork is filled out wrong. We have to do everything over again." June replies, "No, I see at least th
    11·1 answer
  • Recommend three life skills that can assist a grade 12 school leaver to adapt to the world of work in 2023.in each answer,also i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!