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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

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A competitive strategy to be the low-cost provider in an industry typically does not work well when:_______
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Answer:

The Correct answer is A

Explanation:

Strategy of low cost is the kind of the pricing strategy, in which the business or organization, offers or provide the products or services at low price. This strategy helps in stimulating the demand as well as gain or acquire the higher market share.

So, the strategy which is competitive and also  the low cost provider in the industry work well when:

1. Newcomers in the industry uses at the introductory stage, the low prices so that could attract the buyers.

2. The competition on the price between the rivals sellers is vigorous.

3. The buyer also incur the low costs while switching the purchases from seller to another seller.

4. The product which are commodity grounded prevail as well as has minimal differentiation.

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What is meant by management being multidimensional​
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In a multidimensional organization, the firm uses different criteria on several levels, reported at the same time, to track its performance.

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The starting point for preparing the operating activities section using the indirect method is ______. Multiple choice question.
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Net income serves as the beginning point for the indirect technique of preparing the operating activities section.

<h3>What does "net income" mean?</h3>

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Operating income for the business was $23,000 after operating costs of $12,500. After deducting interest expense of $1,500 and adding interest income of $1,700, ABYZ arrived at a net income before taxes of $23,200.

<h3>What is net income post-tax?</h3>

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