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Pie
3 years ago
13

Select the correct answer.

Business
2 answers:
Darya [45]3 years ago
6 0
I think it’s c sorry if I’m wrong
vovangra [49]3 years ago
3 0
The correct answer is b Walter Gropius
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On October 1, 2017 Bartley Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 103. Interest is paid on Octo
loris [4]

Answer and Explanation:

The journal entry to record the issuance of the bonds is shown below:

Cash Dr  ($8,000,000 × 1.03) $8,240,000

        To Bond payable $8,000,000

        To Premium on bond payable $240,000

(Being issuance of the bond is recorded)

Here cash is debited as it increased the asset and credited the bond payable and the premium on bond payable as it increased the liabilities

Hence, the same is to be considered

6 0
2 years ago
Compare the yield to maturity and the current yield. How do you explain this​ relationship?  ​(Select the best​ response.)A.If a
mamaluj [8]

Answer:

A - If a bond sells at a​ discount, the yield to maturity is greater than the current yield

Explanation:

Yield to maturity is the expected return if the bond is held till maturity. Current yiled is the return if the bond is sold today. There is an evident relationship between yield to maturity (TYM) and the current yield.  

“When a bond's market price is above par, which is known as a premium bond, its current yield and YTM are lower than its coupon rate. Conversely, when a bond sells for less than par, which is known as a discount bond, its current yield and YTM are higher than the coupon rate. Only on occasions when a bond sells for its exact par value are all three rates identical” (Bloomenthal, 2020).

According to the above statements, options C, B and D are eliminated. This leaves option A (If a bond sells at a discount, the yield to maturity is greater than the current yield) as the correct answer. This is true because YTM is calculated on purchase price rather than par value, if the purchase price is less than par value, the YTM will be greater than the current yield.  

7 0
3 years ago
Bart works as an accountant for Good Times Restaurant. He is responsible for not only keeping the books current but also for mak
GenaCL600 [577]
Embezzlement. He is taking (stealing) asserts that we’re entrusted to him. Bad Bart!
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3 years ago
Which of the following describes the goal that should be pursued when setting transfer prices? Minimize opportunity costs. Maxim
nata0808 [166]

Answer:

Establish incentives for autonomous division managers to make decisions that are in the overall organization's best interests (i.e., goal congruence).

4 0
3 years ago
Read 2 more answers
Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two
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Answer:

c

Explanation:

A) A shift of the budget line inward to the left

B) A shift of the budget line outward to the right

C) No change in the budget line

D) An increase in the slope of the budget line

5 0
3 years ago
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