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german
3 years ago
11

Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation red

eems the bonds at 98 1/2, what is the amount of gain or loss on redemption
Business
1 answer:
sineoko [7]3 years ago
8 0

Answer:

Loss on Redemption = $500

Explanation:

<u>Gain or Loss on redemption:</u>  

Par value of Bonds                $1,000,000

Less: Discount on bonds       <u>$15,500</u>

Book Value of Bonds            $984,500

Less: Redemption value        <u>$985,000</u>  ($1,000,000 * 98.50%)  

Loss on Redemption             <u>$500</u>

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Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on
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The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

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<u>Given the following data:</u>

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<u>Note:</u> A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}

B = 9 bananas.

<u>For the </u><u>number line</u><u>:</u>

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Read more: brainly.com/question/13553589

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