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
castortr0y [4]
2 years ago
12

On January 1, 2021, Legion Company sold $260,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December

31. The bonds were sold for $200,356, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:_____.
a. $15,600.
b. $7,800.
c. $31,200.
d. $10,232.
Business
1 answer:
Galina-37 [17]2 years ago
3 0

Answer:

$12,021

Explanation:

Calculation to determine what Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:

Using this formula

Interest paid =[Bonds amount*(Priced to yield/2)]

Let plug in the formula

Interest paid = $200,356*( 12%/2)

Interest paid=$200,356*6%

Interest paid =$12,021

Therefore Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:$12,021

You might be interested in
Last week pauline worked 35 hours and made $280 how much money did pauline make per hour
erastovalidia [21]

Answer:

Shrek

Explanation:

Shrek caca

8 0
3 years ago
Read 2 more answers
a type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called
Rus_ich [418]

A type of <u>group</u> that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called an association or labor group. This is further explained below.

<h3>What is a constitution?</h3>

Generally, the government is guided by a set of basic principles or precedents that are accepted by the public.

In conclusion, Association and labor groups are two types of groups that have a constitution and <em>bylaws</em> and have been formed for a reason other than getting insurance.

Read more about the constitution

brainly.com/question/19411179

#SPJ1

5 0
2 years ago
Question 2 of 20 what was the impact of mao zedong's great leap forward in china? o a. mao's oppression of urban workers allowed
Ugo [173]

The impact of mao zedong's significant leap forward in china c. mao's efforts to contend with the soviet union resulted in an economic boom

The weather in 1959 was catastrophic and the yearly harvest was not nearly enough to support the Chinese population which led to general famine.

<h3>What was the result of the Great Leap Forward?</h3>

Instead of promoting the country's economy, The Great Leap Forward resulted in mass hunger and famine. It is estimated that between 30 and 45 million Chinese citizens died due to famine, execution, and coerced labor, along with massive economic and environmental collapse.

<h3>What was the Great Leap Forward and how did it affect China?</h3>

The Great Leap Forward was a push by Mao Zedong to change China from a largely agrarian (farming) society to a modern, industrial society—in just five years. It was an unbelievable goal, of course, but Mao had the ability to force the world's largest society to try. The effects, unfortunately, were disastrous.

To learn more about Great Leap Forward, refer

brainly.com/question/27565817

#SPJ4

4 0
2 years ago
Consider a capacity constrained process producing a high profit margin product. What will the impacts on revenue and profits be
3241004551 [841]

Answer:

The answer is "Option B"

Explanation:

In this question, Higher incomes and profits are correct because it minimizes the congestion operating frequency by 10%. It takes a long time and decreasing the processing, which would have had an impact on revenue and profit directly. Performance would grow, generating additional sales, that's why choice b is correct.

3 0
2 years ago
Processing the message and providing some type of feedback is a(an)
miskamm [114]

receipt of message. hope that helps

4 0
3 years ago
Other questions:
  • __________ includes an owner registration form with its products. It asks customers for their names, addresses, phone numbers, b
    7·1 answer
  • A personality trait or quality is known as:
    15·2 answers
  • Christie sued her former employer for a back injury she suffered on the job in 2019. As a result of the injury , she was partial
    10·1 answer
  • Zeibart Company purchases equipment for $225,000 on July 1, 2016, with an estimated useful life of 10 years and expected salvage
    7·1 answer
  • On November 1, Arvelo Corporation had $40,500 of raw materials on hand. During the 9) month, the company purchased an additional
    9·1 answer
  • Henry has a defined benefit plan that promises an annual retirement benefit based on 2% of his final 5-year average annual salar
    8·1 answer
  • When recommending a 529 Plan to a client, the registered representative should inform the customer about the: A income-phase out
    8·1 answer
  • On January 1, 2021, the Shagri Company began construction on a new manufacturing facility for its own use. The building was comp
    12·1 answer
  • Explain any circumstances that would affect your family’s ability to help you pay for college?
    6·1 answer
  • James was transferred by his company to go work in Hong Kong for six months. His headquarters in Dallas, Texas, assured him that
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!