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Alika [10]
3 years ago
9

Auerbach Inc. issued 8% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $375

million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 10%. Assuming that Auerbach issued the bonds for $328,266,900, what interest expense would it recognize in its 2021 income statement
Business
1 answer:
Mumz [18]3 years ago
3 0

Answer:

$8,206,673

Explanation:

The computation of the interest expense that should be recognized in the income statement is shown below:

= Bond issue value × effective rate of interest × given months ÷ number of months

= $328,266,900 × 0.10 × 3 months ÷ 12 months

= $8,206,673

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It will reduced the opportunities in digital camera industry

If the cell phone producers produced more phone that already have camera in it, the consumers will be less likely to buy another digital camera,

and this will lower the revenue of Digital Camera's producers and reduced their opportunities
6 0
4 years ago
Read 2 more answers
Hunter Manufacturing Inc.'s December 31, 2009 balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock
azamat

Answer:

$22

Explanation:

Total common equity = $2,050,000

Net income = $250,000

Dividends = $100,000

Stock outstanding = 100,000 shares

Book value per share:

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4 0
4 years ago
An extended period of little or no growth in gdp, wages, and prices is a period of?
dolphi86 [110]

An extended period of little or no growth in GDP, wages, and prices is a period of stagnation.

When real economic growth is less than 2% annually it is considered stagnation. Stagnation is a prolonged period of little or no growth in an economy. This no growth economic period affects various sectors of the economy such as GDP, wages, prices etc.

Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock. Stagnation is a situation which occurs within an economy when total output is either flat, declining, or growing slowly.

Hence, stagnation in economy can occur due to a number of causes.

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3 0
2 years ago
Some international management experts contend that globalization and national responsiveness are dramatically opposed forces and
miv72 [106K]

Answer:

International strategic management is the process of making strategies to achieve global corporate objectives and goals, and to compete with the world's competitors.

Implying one strategy say globalization might oppose the efforts to use national responsiveness strategy. This statement is correct in the sense that the company if the focus on both strategies it would not be possible to control the both at all as if the company go to handle one strategy the other would effect.

This statement is inaccurate or incomplete as a company can balance both the strategies (globalization or national responsiveness) simultaneously. The firm can use a transnational strategy that can help them to use both the strategies. These types of firm are considered in quadrant three of the matrix of using global or national responsiveness.

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3 years ago
If Kaci finds $1,000 under her bed and deposits in a bank, what is the immediate change in checkable bank deposits (demand depos
bogdanovich [222]

Answer: Increase by $1,000

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