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sukhopar [10]
3 years ago
8

Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon

ds payable account decreased by $1,500. What was the amount of cash paid for interest expense during the year?
Business
1 answer:
rodikova [14]3 years ago
8 0

Answer:

The amount of cash paid for intrest expense during the year was $ 41.500.

Explanation:

Cash paid for interest expense  = bond interest expense + Decrease in premium on bonds payable account

                                                     = $ 40,000 + $ 1,500

                                                     = $ 41,500

Therefore, the amount of cash paid for intrest expense during the year was $ 41.500.

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During a period of severe inflation, a bond offered a nominal HPR of 83% per year. The inflation rate was 74% per year. a. What
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Answer:

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given data

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we find real interest rate r that is express as

r = \frac{R-i}{1+i}        .........................1

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r = 0.05172

so real HPR is 5.17 %

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