1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stepladder [879]
3 years ago
8

A corporation issued $580000, 10%, 5-year bonds on January 1, 2020 for $626400, which reflects an effective-interest rate of 7%.

Interest is paid annually on January 1. If the corporation uses the effective-interest method of amortization of bond premium, the amount of bond interest expense to be recognized on December 31, 2020, is
a.$40600.
b.$43848.
c.$58000.
d.$62640.
Business
1 answer:
ioda3 years ago
7 0

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

For Jan.1,2020 value = $626,400

Interest rate = 7%

So, we can calculate the amount of bond interest expense by using following formula:

Interest Expense = Carrying Value × Market Interest Rate

By putting the value of following

Interest expense = $626,400 × 7%

= $626,400 × 0.07

= $43,838

Hence, the amount of bond interest expense to be recognized on December 31, 2020, is $43,838.

You might be interested in
What u Snap so I can go add you and be friends
Sphinxa [80]

Answer:

What do you mean what yousnap

Explanation:

5 0
3 years ago
The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing
zhenek [66]

Answer:

planning; marketing plan

Explanation:

The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.

Planning phase basically aims at organizing the techniques for achieving the aims. This aims for planning phase to achieve the sales and set targets for gaining maximum performance in marketing. This sets all the strategies and policies for marketing.

7 0
3 years ago
When megan purchased several bottles of pepsi beverages and snacks to bring to her family's holiday celebration, it represented
den301095 [7]
When Megan purchased the Pepsi beverages and snacks to bring to her family's holiday celebration this represented the purchase of consumer goods. Consumer goods are anything from Pepsi products, to automobiles and refrigerators.
4 0
3 years ago
______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data
Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.  

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

5 0
3 years ago
Mrs. watson believes that all immigrants should go back to the country they came from, and she refuses to hire any for her flora
Lostsunrise [7]

When Mrs. Watson refuses to hire a person because of their nationality, religion or race is an example of discrimination, also happens when someone treats someone else in a way that is harmful, because of the difference in political ideas, sexual orientation or gender.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Tax loopholes allow individuals and corporations to
    5·1 answer
  • In the context of the sociological perspectives on groups and organizations, _____ contend that organizations promote inequality
    12·1 answer
  • Assume that the required reserve ratio is 25 percent. If the Federal Reserve sells $120 million in government securities to the
    14·1 answer
  • Which of the following correctly describes an example of a secondary competitor?
    9·2 answers
  • "7 out of 10 dentists recommend brand x toothpaste". this finding is based on the results of a survey of 10 randomly selected de
    5·1 answer
  • During the year, a company's inventory decreased by $20,000. if the company's cost of goods sold for the year was $400,000, find
    14·1 answer
  • Caars Inc. issued a 120-day note in the amount of $360,000 on November 1, 2016 with an annual rate of 6%. What amount of interes
    9·1 answer
  • A. If a wage of $10.25 were to be imposed on this market, such that the market was not longer strictly competitive, what would b
    7·1 answer
  • You have a job, but recently heard that your position may be cut. You can only make a
    12·1 answer
  • Someone who likes building, designing, or creating things probably has a(n) _____. A. Naturalistic learning styles b. Bodily/kin
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!