Name one alternate option to establish credit if you are unable to get a credit card.

A company issues $100,000 face value, zero-coupon, 4-year U.S. corporate bonds on January 1, 20XO, when the market rate for simi

aivan3 [116]

Answer:

Amount = Maturity/(1+risk rate)⁴

Amount = $100,000/(1+0.12)⁴

Amount = $63,552 (Approx)

Interest payable = $63,552 x 0.12

Interest payable = $7,626 (Approx)

Interest payable (2nd period) = ($63,552+$7,626) x 0.12

Interest payable (2nd period) = $8,541 (Approx)

Explanation:

JOURNAL ENTRY

BOOKS OF (.....)

Date Account title Debit Credit

Cash a/c Dr $63,552

To Bonds payable a/c $63,552

1st-period

Bond Interest a/c Dr $7,626

To Bonds payable a/c $7,626

2nd-period

Bond Interest a/c Dr $8,541

To Bonds payable a/c $8,541

6 0

2 years ago

Discuss why exploring different career options is an important step in choosing the right path in your professional life. What a

AnnyKZ [126]

1) You can get to know what career suits you the most

2) Know about the relevant options you can go for

3) Know what career suits your qualifications

4) Benefits and pros and cons

3 0

3 years ago

A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. The only changes affecting retained

netineya [11]

Answer:

Ikiban Inc.

Statement of Cash flows

For the Year Ended June 30, 2017

Cash flow from operating activities:

Net income $117,510

Adjustments to net income:

Depreciation expense $67,600
Decrease in inventory $27,200
Decrease in prepaid expenses $1,900
Increase in accounts receivable ($18,500)
Gain from sale of equipment ($3,000)
Decrease in accounts payable ($9,500)
Decrease in wages payable ($9,900)
Decrease in taxes payable ($2,800) $53,000

Net cash flow from operating activities $170,510

Cash flow from investing activities:

Purchase of new equipment ($67,600)

Disposal of old equipment $13,500

Net cash flow from investing activities ($54,100)

Cash flow from financing activities:

Issuance of common stock $69,000

Retirement of note payable ($30,000)

Distributed dividends ($106,310)

Net cash flow from financing activities ($67,310)

Net cash increase $49,100

Cash balance June 30, 2016 $53,000

Cash balance June 30, 2017 $102,100

4 0

2 years ago

What does the intersection point of the demand and supply curves mark? The intersection point of the demand and supply curves ma

vladimir2022 [97]

Answer:

The equilibrium point

Explanation:

The equilibrium point is where there is an exact quantity of production output that perfectly satisfies the total demand of the market.

6 0

3 years ago

Read 2 more answers

Taxation of Business Entities, 2016 edition7-65.) Wolverine Corporation made a distribution of $500,000 to Jim Har Inc. in par-t

marusya05 [52]

Answer:

a. Dividend

b. $500,000

Explanation:

a. As in the given case, the character of any income or gain recognized is the dividend of $500,000 which eligible him to avail 100% deduction of the dividend amount

b. The reduced amount would be lower of the distributed amount or 50% of Total E&P

Distributed amount is $500,000

And, the 50% of total E&P is = $8,000,000 × 50% = $4,000,000

So, the lesser amount is $500,000 which is reduced its total E&P

5 0

3 years ago