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spin [16.1K]
3 years ago
5

Garcia Company issues 11.5%, 15-year bonds with a par value of $450,000 and semiannual interest payments. On the issue date, the

annual market rate for these bonds is 9.5%, which implies a selling price of 113 3/4.
Required:
Prepare the journal entry for the issuance of these bonds for cash on January 1.
Business
1 answer:
noname [10]3 years ago
4 0

Answer:

                                  Journal Entry

Date   Account Titles and Explanation         Debit          Credit

Jan 1   Cash                                                    $511,875

                Bond payable                                                  $450,000

                Premium on bond payable                             $61,875

                ($450,000*13.75%)

           (To record issue of bonds at premium)

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The United States and many other countries often impose trade sanctions on other countries. These sanctions A. tend to decrease
Pavel [41]

Answer:

The correct answer is option D.

Explanation:

Sanctions can be defined as penalty levied on other countries or citizens of other countries. There are a number of trade sanctions such as

  1. Tariffs
  2. Quotas
  3. Non-tariff barriers
  4. Embargoes

These trade sanctions affect both the sanctioning country as well as the sanctioned country. The imposition of trade sanctions on a country affects exports of the country. As the producers are able to supply less, there will be a reduction in producer surplus.

The imports for the consumers in the sanctioning country will decline. There will be less choice for them. This will cause a reduction in consumer surplus.

6 0
3 years ago
MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKe
ra1l [238]

Answer:Conditional approval

Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.

8 0
3 years ago
One month into a three-month lead generation campaign, it becomes clear your current plan to reach your goal of ten marketing qu
Kobotan [32]

Answer:

Explanation:

Using last months data adjust the goals so that they better meet the standards and feasibility aspect for the campaign period. This way the campaign will stand a much better chance of actually accomplishing the goals that have been set forth. By presenting this new plan to the CEO it shows that you have come up with a solution to the problem and can be easily implemented in order to get back on track as fast as possible, which is what a CEO wants to hear.

5 0
3 years ago
The first cash flow at the end of Week 1 is $100, the second cash flow at the end of Month 2 is $100, and the third cash flow at
viva [34]

This cash flow pattern is a(n) uneven type of cash flow.

<h3><u>Explanation:</u></h3>

Any range of cash flows that don’t agree to the description of an annuity is supposed to be an uneven cash flow stream. For case, a range such as $100, $100, $100 would be deemed an uneven cash flow stream. A large dimension of assets causes uneven or irregular cash flow, causing the method of their valuation cumbersome.

Principle of Value Additivity is very frequently valuable for explaining the estimation of the present or future value of uneven cash flow streams, especially if the cash flows follow some identifiable pattern (such as various progressive annuities).

6 0
3 years ago
National Income Accounts (dollar figures are in billions)
Monica [59]

Based on the National Income accounts given, the country's personal savings can be found to be $500 billion.

<h3>What are the personal savings?</h3><h3 />

This can be found as"

= Personal income - Consumption

Personal income is:

= GDP - depreciation + transfer payments to households + net interest + net foreign factor - indirect business tax - social security taxes - corporate tax - corporate retained earnings

= (8,800 + 2,000 + 5,100 + 3,500 - 3,800) - (5,100 gross investment - 4,100 net investment) + 1,200 + 800 - 1,100 - 1,900 - 2,300 - 700

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Consumption is:

= Expenditures for consumer goods and services + personal income taxes

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= $10,100 billion

Personal savings are:

= 10,600 - 10,100

= $500 billion

Find out more on national savings at brainly.com/question/14521802.

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3 0
2 years ago
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