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3 years ago

I need to solve this question with a formal

Business

1 answer:

asambeis [7]3 years ago

3 0

Answer:

yes

Explanation:

he's been said to do with this was also like

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On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela

cluponka [151]

Answer:

Interest expense 18,284.17 debit

Premium on BP 1,965.83 debit

Cash 20,250 credit

Explanation:

procceds 461,795

face value 450,000

premium on bonds payable 11,795

As the cash received exceed the face value then, the bonds were isued at premium.

This will be amortized over the bonds life

3-year bonds with semiannual payment: 6 payment in total

amortization per payment:

11,795 / 6 = 1.965,83

The will post:

the cash disbursement in favor of the bondholder:

450,000 x 9%/2 = 20,250

amortization (1,965.83)

interest expense: 18.284,17‬

3 0

3 years ago

Read 2 more answers

A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as ed

patriot [66]

The number of books that will be produced such that the costs from the two methods be the same is 4668 units.

From the complete question, the total cost of the first equation will be:

= 8.25x + 65054

The total cost for the second equation will be:

= 19.50x + 12539

Then, we'll equate both equations together and this will be:

8.25x + 65054 = 19.50x + 12539

Collect like terms

19.50x - 8.25x = 65054 - 12539

11.25x = 52515

Divide both side by 11.25

11.25x/11.25 = 52515/11.25

x = 4668 units.

Therefore, the breakeven unit will be 4668 units.

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5 0

3 years ago

Read 2 more answers

Esquire Comic Book Company had income before tax of $1,000,000 in 2016 before considering the following material items:

Ganezh [65]

Answer:

Esquire Comic Book Company

Income Statement

For the Year Ended December 31, 2016

Operating income $1,000,000

Restructuring costs ($80,000)

Income from continuing operations b/ Taxes $920,000

Income tax expense ($368,000)

Income from continuing operations $552,000

Discontinued operations:

Operating income $500,000
Loss on disposal ($350,000)
Income tax on discontinued operations ($60,000)

Income from discontinued operations $90,000

Net income $642,000

Explanation:

Income from discontinued operations must be reported separately, but any restructuring costs must be included as operational expenses.

8 0

3 years ago

Why is it important to know the interest rate on your credit card?

Irina18 [472]

A

When you go into credit (the red) you basically loan money which means that you have to pay a "fine" called interest. so the more you loan and depending on the type of loan, the more interest you will pay.

3 0

3 years ago

If real GDP in a year was $3,900 billion and the price index was 130, then nominal GDP in that year was approximately

Eddi Din [679]

Answer:

$5,070 billion

Explanation:

Given the following:

The real GDP in a year => $3,900 billion

The price index => 130,

The nominal GDP is measured as

=> 100 -130 = 30%

=> 30% × 3,900 = 1,170

=> 1,179 + 3,900 = 5,070

Therefore, in this case, the correct answer is $5,070 billion as the nominal GDP for the year.

6 0

2 years ago