Answer:
Bond issue price $892,100
Face value $949,000
Discount on bond $56,900
Number of Interest payments (10 years x 2) 10
Discount to be amortized per payment $5,690
Interest on bond $51,210
Date Description Debit Credit
Dec. 31 Bond interest expense $56,900
Discount on bonds payable $5,690
Cash $51,210
(Interest on bond paid and Premium amortized)
This scenario illustrates that Horizon has failed to fulfill its <u>"Legal responsibility".</u>
There are legal responsibilities for most private companies. They will differ contingent upon the idea of the business.
To stay away from issues later on it is imperative to comprehend your commitments. It is critical to know your commitments and legal responsibilities for working a business. This can be perplexing in light of the fact that directions can apply to a wide range of regions of your business.You are in charge of guaranteeing you have the right business enlistments and that they are kept up and recharged.
Answer:
$81000
Explanation:
The calculation is simple. Bond interest is simply calculated by multiplying bond value with the assorted interest rate.
For example
A bond with $1000 value with 5% interest is simply 5% of $1000 = $50
Therefore,
$3,000,000 * 2.7% = $81000
(2.7 % = 0.027)
Hope that helps.
Answer:
Explanation:
The money spent on domestically produced final goods and services: is equal to GDP.
<u>Gross domestic product, or GDP, is the total value of all final goods and services produced in the economy during a given year. </u>
GDP is used as a measure of the size of an economy and can also be used to compare the economic performance in other countries.
The correct answer is irrationalism and rationalism. It is
because surrealist are cultural movement in which they are likely to reunite
cultures or different races in means of having to have unity, that’s why they
are likely to focus more on irrationalism than rationalism.
