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
IceJOKER [234]
3 years ago
9

On August 1, 2022, Burdick Co. issued bonds with a face value of $600,000. The bonds carry a stated interest rate of 8%; interes

t is payable each June 1st and December 1st. The bonds were issued at 102 plus accrued interest. The straight-line method is used. The bonds mature on 6/1/25. What was the total cash received on 8/1/22
Business
1 answer:
xz_007 [3.2K]3 years ago
4 0

Answer:

$620,000

Explanation:

the total cash received (dirty price) = clean price + accrued interest = (1.02 x $600,000) + ($600,000 x 8% x 2/12) = $612,000 + $8,000 = $620,000

the clean price of a bond refers to the price of the bond without any type of accrued interest, i.e. the price that the issuer would receive if it sold them at the same date that they were issued.

The dirty price includes both the clean price plus any accrued interest

You might be interested in
If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be
Arlecino [84]

Answer:

Less than average total Cost

Explanation:

Average total cost can be estimated as

(total fixed cost as well as variable costs )/ ( total units produced). It has a great impact on how a business is going to set up the price of their products. Marginal cost is can be regarded as alteration in total cost as a result of increase in unit of quantity produced. It should be noted that If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be Less than the average total cost

8 0
3 years ago
Look at the sales prices change that is being suggested. In particular, Winetki talks about one of the product's prices as doubl
PilotLPTM [1.2K]

The calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

<h3>What is the weighted-average contribution margin?</h3>

The weighted-average contribution margin shows the average amount that a group of products or services contribute to meet the fixed costs.

The weighted-average contribution margin can be computed as Aggregate sales - Aggregate variable expenses) ÷ Number of units sold.

<h3>Data and Calculations:</h3>

Aggregate sales revenue = $1,800,000

Aggregate variable costs = $1,125,000

Aggregate contribution margin = $675,000 ($1,800,000 - $1,125,000)

Total units sold = 1,500,000

Total fixed costs = $520,000

Weighted average contribution margin = $0.45 ($675,000/1,500,000)

Break-even point in units = 1,155,556 units ($520,000/$0.45)

Thus, the calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

Learn more about break-even analysis at brainly.com/question/21137380

#SPJ1

4 0
2 years ago
Following the 2007-2009 financial crisis, many people feared that Greece might leave the euro and resume using the drachma. If t
Nina [5.8K]

Answer:

A medium of exchange

Explanation:

A medium of exchange is a system where it is used to facilitate the sale, purchase, trading of the products & services between the parties

Since in the given situation,  it is mentioned that the seller would not willing to accept the drachma in exchange of goods & services so here the drachma would not be served as a medium of exchange

hence, the same would be relevant

7 0
3 years ago
What is a good sport or activity to do in high school that looks good on your college application?
nekit [7.7K]

Answer:

football,volleyball,tennis, basketball or

singing,dancing e.t.c

3 0
3 years ago
​​________ are industrial products that aid in the​ buyer's production or​ operations, including installations and accessory equ
nydimaria [60]

Capital items. These include major purchases like buildings, fixed and accessory equipment.

4 0
3 years ago
Other questions:
  • The Petit Chef Co. has 10.9 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments
    14·1 answer
  • Why is it important for business to know exchange rates?
    9·1 answer
  • Countries A and B both produce bicycles. Country B has a comparative
    15·1 answer
  • Licensees are responsible for paying the costs of legal document preparation when they are preparing such documents for their cl
    12·1 answer
  • How does knowledge of labor market information assist HR professionals in developing a quality staffing plan?
    15·1 answer
  • All of the following lead people to be credit constrained except a person's credit history. savings. collateral. banking regulat
    5·1 answer
  • Easy career class question
    5·2 answers
  • As a revenue cycle auditor, explain how you will monitor compliance, denials, resubmitted claims, appeals for denied claims, and
    14·1 answer
  • Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of
    14·1 answer
  • Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!