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Zinaida [17]
3 years ago
8

When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds dated January 1, 2017, that mature on December 31, 202

6, and pay interest semiannually for a selling price of $60,000. When the bonds mature, the issuer records its payment of principal with a ______________(debit/credit) to Bonds Payable in the amount of $ .
Business
1 answer:
yanalaym [24]3 years ago
8 0

Answer: Credit, $45,000

Explanation:

The bond payable is the interest payable on the bond and it's Bond issued value mutiply by issued rate

$50,000 * 9%* 10 years

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Dake Corporation's relevant range of activity is 3,200 units to 8,000 units. When it produces and sells 5,600 units, its average
Sladkaya [172]

Answer:

$22,780

Explanation:

The computation of the  total amount of indirect manufacturing cost incurred is shown below:

= Variable manufacturing overhead + fixed manufacturing overhead

where,

Variable manufacturing overhead  = Number of units produced × variable manufacturing overhead per unit

= 4,600 units × $1.30

= $5,980

Fixed manufacturing overhead  = Number of units produced and sold × fixed manufacturing overhead per unit

= 5,600 units × $3

= $16,800

So, the total indirect manufacturing cost is

= $5,980 + $16,800

= $22,780

6 0
3 years ago
What is the market value of a stock that paid a dividend of $3.80 last year if the dividend is increasing at 10% annually and th
Papessa [141]

Answer:

The market value of the stock is $41.8

Explanation:

Div 1 = Div 0 (1+r)

=3.80 (1+0.10)

=3.80(1.10)

=4.18

Market value of the stock= Dividend 1 / (r-g)

= 4.18 / 0.2 - 0.1

= 4.18 / 0.1

= $41.8

The market value of the stock is $41.8

7 0
3 years ago
Which of the following reflects Falkenstein's "Platinum Rule"?
omeli [17]

Answer:

Look at the world from your prospective customers' prospective, and identify their needs and wants.

7 0
3 years ago
Calculator Woodpecker Co. has $309,000 in accounts receivable on January 1. Budgeted sales for January are $839,000. Woodpecker
mr Goodwill [35]

Answer:

c. $980,200

Explanation:

The computation of the cash collections is shown below:

As January sales is $839,000

So, Cash sales

= $839,000 × 20%

= $167,800

So Credit sales

= $839,000 × 80% × 75%

= $503,400

And on January 1 , the account receivable is  $309,000

So, the January cash collections from sales is

= $167,800  + $503,400 + $309,000

= $980,200

7 0
3 years ago
an example of a monopoly in the United States economy, past or present. Construct a brief explanation of the monopoly and its im
Ilia_Sergeevich [38]

Answer & Explanation

Monopoly is where in the market there is only one seller in the market has a certain product where no other seller has. It my be goods or services but there is no substitute. This means that the owner of such a product is in full control of his/her supply. The main or the greatest impact of monopoly in the market may favors the the seller only while on the other the side the consumer may be pressed. This mostly occurs when it comes to pricing because a monopoly has potential to rise prices. This is due to lack of competition in the market. An example of monopoly in the united states in the past was :

Standard Oil company - This was an oil producing company which was producing,transporting,refining and marketing oil. It was incorporated under Standard Oil Trust which handled all oil production, transportation, refinement, and marketing. Holds 91% of oil production and 85% of its final sales in the United States Market in the early 1900s.  The main sources of of monopoly were that to join into a certain industry it was very expensive so this became a main barrier.

 

6 0
3 years ago
Read 2 more answers
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