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omeli [17]
2 years ago
13

Ellis Company issues 6.5%, five-year bonds dated January 1, 2019, with a $250,000 par value. The bonds pay interest on June 30 a

nd December 31 and are issued at a price of $255,333. The annual market rate is 6% on the issue date. Required
1. Compute the total bond interest expense over the bonds’ life.
2. Prepare an effective interest amortization table for the bonds’ life.
3. Prepare the journal entries to record the first two interest payments.
Business
1 answer:
fredd [130]2 years ago
7 0

Answer:

Hence the answer is given as follows,

Explanation:

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The economic burden of a tax:
Olenka [21]

Answer:

a

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3 years ago
Citizenship behaviors appear to be voluntary and optional yet such behavior has been found to influence the salary and promotion
Lera25 [3.4K]

Answer:

The correct answer is letter "A": True.

Explanation:

Citizenship Behavior is the set of activities employees perform within their work frame that contributes to the firm's productivity regardless of a reward. When those employees supervise the subordinates' citizenship behavior, they consider those workers' attitudes to influence their wages and the promotions they receive adding the performance of the employees in their day-to-day activities.

7 0
2 years ago
Tan Corporation issued $600,000,000 of 7% bonds on November 1, 2015, for $644,636,000. The bonds were dated November 1, 2015, an
jonny [76]

Answer:

Interest Expense $6,446,360

Interest Payable $7,000,000

Explanation:

Interest Expense for the year =

Issued amount * Effective interest rate * \frac{Remaining months in the year}{Total months in the year}

$644,636,000 * 0.06 * 2/12 = $6,446,360

Interest Payable =

Face Value of the bond * Interest rate * \frac{Remaining months in the year}{Total months in the year}

$600,000,000 * 0.07 * 2/12 = 7,000,000

7 0
2 years ago
When a large supply of a product is available for sale, the price of the product will often
ankoles [38]

Answer:A

Explanation:When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs less.

5 0
2 years ago
Read 2 more answers
Since world war ii, the federal government's share of total government expenditures has been between?
Anton [14]

The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Since the end of the Korean War in the early 1950s, the federal government's purchases of goods and services as a percentage of GDP have been falling.

Automatic increases and decreases in government expenditure and taxation that follow the economic cycle. The majority of government spending in the United States took place at the state and municipal levels up to the Great Depression of the 1930s.

The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Federal Expenditures and Purchases as a Percentage of GDP, 1950–2008.

To learn more about  federal government, click here

brainly.com/question/371257

#SPJ4

5 0
1 year ago
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