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
Mrrafil [7]
3 years ago
6

On January 1, Novak Corp. issued $3600000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $3859546.

The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Interest Expense is for
Business
1 answer:
Juliette [100K]3 years ago
6 0

Answer:

the debit entry to Interest Expense is $463,145.52

Explanation:

The computation of the debit entry to Interest Expense is given below:

= Bonds carrying value × Market rate of interest

= $3,859,546 × 12%

= $463,145.52

Hence, the debit entry to Interest Expense is $463,145.52

We simply applied the above formula and the same is to be considered

You might be interested in
Jodi owns a business that designs and creates lingerie. In an effort to get her product into as many stores as possible, jodi ha
Anna007 [38]

Jodi is not adequately managing the financial aspects of her business.

By being too lenient with the days credit, she is effectively damaging her business' cash flow.

3 0
3 years ago
Read 2 more answers
Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following b
viktelen [127]

Answer:

Average receivables = $157,500,000

Explanation:

<em>Account receivable represent the amount of credit made by a business which remain uncollected as at the reporting date. In other words, they represent the amount that customers are owing the business in respect of credit sales.</em>

Average account receivables

=(opening balance + closing balance)/2

=( $142,650,000 + $172,350,000)/2

= 157,500,000.

6 0
3 years ago
Jia yin notes that in many countries, industrial development is, more or less, nonexistent. she is taking note of the:
Snowcat [4.5K]
<span>This is the idea of the developing world. In many of these countries, there is a low amount of industrial or technological development. These countries have a rather low standard of living and a higher poverty rate when compared to countries that have technological development and progress.</span>
4 0
3 years ago
Margaret and Jack are working on a high-priority project with a tight deadline. When Margaret is unable to meet the deadline, Ja
Dahasolnce [82]

Answer:

The correct answer is The fundamental attribution error.

Explanation:

The Fundamental Attribution Error (EFA) is a phenomenon that occurs when we try to explain our own behavior with respect to that of others. Many times we find it hard to understand why a person acts as he acts. And we do not stop to look for the reasons that are the basis of their behavior.

A very clear example is to suspend an exam. If you have to explain to someone why you have suspended the exam, you probably mean that it was very difficult, that you had not rested, did not have time to study or even that the teacher suspended you.

Now imagine that it is another person who suspends and you have approved. Surely if you have to explain why you have suspended you will explain that it is a bit vague, that you have not studied enough and even that you were not interested in approving.

3 0
3 years ago
Is a decline in the value of the real against the us dollar good for embraer, bad for embraer, or a mixed bag? explain your answ
avanturin [10]

The decline in value of the real towards the U.S. greenback changed into precise for Embraer due to the fact the components for the nearby jets cost much less once they were translated into reals, making it tremendously reasonably priced to produce. therefore, Embraer's earnings margins have been high.

A decline in value takes place in any 12 months in which the modern market fee of actual assets is less than its adjusted base year price as of the lien date, January 1.

A depreciating asset is an asset that has a restrained powerful existence and may fairly be predicted to say no in value over the time it's miles in use. equipment, gadgets,s and different gadgets along with computer systems and books are depreciating property.

For example, if an asset is used 40% of the time for a non-public motive, the deduction for its decline in value is decreased by 40%. The decline in fee of positive property costing $300 or less may be the value, this is, you may be entitled to an immediate deduction.

Learn more about the decline in value here

brainly.com/question/25297296

#SPJ4

3 0
1 year ago
Other questions:
  • Outside the large cluster of mon-khmer speakers in vietnam, laos, cambodia, and thailand, in which of these places are mon-khmer
    15·1 answer
  • Which of the following statements best describes the function of the break-even point?a) It signifies the point at which the dem
    11·1 answer
  • (Chemical Manufacturing) A chemical manufacturer produces a certain chemical compound every Sunday, which it then sells to its c
    14·1 answer
  • Why do we need to budget our resistance/income
    8·1 answer
  • PLZZZZZZ NEED HELP!!!!!!!!
    11·1 answer
  • Carver, Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the co
    13·1 answer
  • What are some of the resources that families and individuals can use to reach their financial goals? Why is it important to take
    10·1 answer
  • Word processing and spreadsheet software are examples of _____, which are used broadly across large and small businesses.
    8·1 answer
  • Starbucks is opening a location in China every 15 hours, and just opened its largest location in the world in Shanghai. Which me
    13·1 answer
  • ____________ is the study of how individuals, institutions, governments, and businesses acquire, spend, and manage money and oth
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!