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3 years ago

What are the possible consequences of making a late payment?

Business

1 answer:

olya-2409 [2.1K]3 years ago

7 0

Answer:

not being able to do buissnes with that company anymore

Explanation:

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What two sets of needs are met by the right job?

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Your needs (employee) and your employers needs.

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3 years ago

Identify three likely affects of an increasing global population

Rom4ik [11]

Answer:

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Explanation:

you can choose 3 from those.

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3 years ago

Sam runs a red light and has an accident. He is sued. Sam contacts the only eyewitness, Curtis, and offers him $1000 if he does

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3 years ago

Which are 3 common misconceptions users of an income statement may have?

Mama L [17]

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2 years ago

Franklin Corporation issues $50,000, 10%, 5-year bonds on January 1, for $52,100. Interest is paid semiannually on January 1 and

Karo-lina-s [1.5K]

Answer:

Bond interest expense = $2,290

so correct option is b. $2,290

Explanation:

given data

Bond issued = $50,000

Interest rate = 10%

interest semi-annually = 5%

time period = 5 year

to find out

amount of bond interest expense

solution

we get first Cash interest payment that is here

Cash interest payment = $50,000 × 5%

Cash interest payment = $2,500 ....................1

and Bond premium will be

Bond premium = $52,100 – $50,000

Bond premium = $2,100 .......................2

we know interest paid semi annually so time period will be = 10

so Amortization of bond premium will be here as

Amortization of bond premium = $\frac{2100}{10}$

Amortization of bond premium = $210 .................3

so Bond interest expense will be calculate as

Bond interest expense = Cash interest payment - Amortization of bond premium .......................4

put here value

Bond interest expense = $2,500 - $210

Bond interest expense = $2,290

so correct option is b. $2,290

8 0

4 years ago