On January 1, 2021, White Water issues $410,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and
December 31 each year.
Assuming the market interest rate on the issue date is 8%, the bonds will issue at $382,141.
Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.)
Assuming the market interest rate on the issue date is 8%, the bonds will issue at $382,141.
Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.)
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Answer:
Step-by-step explanation:
The car uses 15 gallons of gasoline to drive 420 miles.
(15 gal)/(420 mi) = 1/28 gal/mi
The car uses 1/28 gallon of gasoline per mile.
y = mx + b
When x = 0, at the start of the drive, the car has 15 gallons of gasoline.
y = mx + 15
Then for every mile it travels, the amount of gasoline goes down by 1/28 gal. For x miles of travel, it uses 1/28 * x gallons of gasoline.