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
spin [16.1K]
2 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]2 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)

You might be interested in
The United States, making up less than 5 percent of the world's population, uses more than ___ of the world's commercial energy
erastovalidia [21]

Despite that the country takes less than 5% of world population, it accounts for more than <u>two-third</u> of the world's commercial energy production.

The use of commercial energy production in this context entails use of resources like electricity, coal, advanced petroleum products, nuclear materials etc

These resources are in massive use in United States for generation of electricity, agricultural, transportation, commercial development etc

Therefore, the answer is that United States uses more than <u>two-third</u> (2/3) of the world's commercial energy production.

Read more about this here

<em>brainly.com/question/2438721</em>

5 0
2 years ago
Which of the following is in a country's best interests, according to the main tenet of mercantilism? A. importing products from
Lisa [10]

Answer:

A) importing products from developing rather than developed countries

Explanation:

Mercantilism asserts that countries should simultaneously encourage exports and discourage imports. Therefore, it is in a country's best interest to maintain a trade surplus, i.e. have more exports than imports. Mercantilism believes that governments should intervene the markets in order to achieve a trade surplus.

Mercantilism tries to take advantage of other countries, and it always easier to take advantage on poorer or developing countries, rather than richer developed countries.

4 0
3 years ago
If you deposited money in a savings account that paid 1% interest, approximately how long would it take your money to double?
UkoKoshka [18]
Answer: A
Explanation: The rule of 72 dictates that in order to find the money invested to double you will need to do the following: You would get 72 and divide it by 1 (1 is the percentage in this formula) and the answer would be 72.
6 0
3 years ago
Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement fo
Vsevolod [243]

Answer:

Total contribution margin= $76,328

Explanation:

<u>First, we need to calculate the unitary contribution margin:</u>

Unitary contribution margin= 64,960 / 4,000

Unitary contribution margin= $16.24

<u>Now, the total contribution margin for 4,700 units:</u>

Total contribution margin= 16.24*4,700

Total contribution margin= $76,328

3 0
2 years ago
DesignIt!, a fashion company, has plans to be the sales leader in women's fashion. To achieve this goal the CEO has analyzed the
gayaneshka [121]

Answer: (A) Anticipate the future, decide on actions, and choose a business strategy

Explanation:

According to the given question, a fashion company or organization planning for selling the leaders in the Women's fashion.

For achieving the various types of goals the CEO analyzing the present situation properly and determining the main resources and the objectives.

 In an organization, choosing the various types of business strategies, anticipating the future and also decide on the given actions are the palling activities that is still needed for completing.

 Therefore, Option (A) is correct answer.

7 0
3 years ago
Other questions:
  • Suppose a consumer is purchasing Coke and pretzels in quantities such that she is achieving consumer equilibrium. Then the price
    10·1 answer
  • Companies transmit over the internet because the internet ________.
    11·1 answer
  • Cynthia hamilton is launching a chain of smoothie restaurants. among cynthia's key partners will be firms that provide her the i
    6·1 answer
  • Colina Production Company uses a standard costing system. The following information pertains to the current year. Direct labor h
    9·1 answer
  • The scores you receive on the ACCUPLACER tests determine what?
    14·2 answers
  • Clemente Co. owned all of the voting common stock of Snider Co. On January 2, 2012, Clemente sold equipment to Snider for $125,0
    14·1 answer
  • Bangladesh exports shirts, the making of which is labor-intensive, to the UnitedStates. The likely source of Bangladesh's compar
    11·1 answer
  • The aggregate demand curve would shift to the right as a result of A. tax increases. B. a drop in the price level. C. a drop in
    5·1 answer
  • Responsible for the overall performance of an organization or one of its
    10·1 answer
  • The optimal point on a production possibilities curve is achieved where Multiple Choice large amounts of capital goods are produ
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!