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Anna [14]
3 years ago
15

Ivanhoe Company issued $492,000 of 10%, 20-year bonds on January 1, 2017, at 104. Interest is payable semiannually on July 1 and

January 1, Ivanhoe Company uses the straight-line method of amortization for bond premium or discount.
Prepare the journal entries to record the following.
(a) The issuance of the bonds.
(b) The payment of interest and the related amortization on July 1, 2017.
(c) The accrual of interest and the related amortization on December 31, 2017.
Business
1 answer:
mamaluj [8]3 years ago
5 0

Answer:

Explanation:

For  answer , see the attached file.

Download docx
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Both faith and business can bring humans together in progress and security, and yet both can also create divisions and sow the s
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Answer:

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The Middle Ages represented a decline in several areas, especially trade, when compared with classical antiquity (Ancient Greece and Rome).

By the late Middle Ages, several cities, especially in Italy, had began to develop trade networks again, and a merchant class was emerging.

With time, more cities became trade hubs, and this prompted economic development. Businesses grew, science and technological progress increased, and in general terms, civilization advanced more quickly in a few centuries than in the past millenia.

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Suppose that in the market for loanable funds, the governement is currently running a deficit, and net exports are negative. The
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Answer:  4. Demand will shift inwards, lower rates and decreasing lending.

Explanation:

People demand loanable funds for spending on consumption and investment. If there is a recession, people will buy less goods and companies will invest less as well.

This will reduce the demand that people and companies have for loanable funds. The demand will therefore shift inwards to the left and lead to lower rates and decreased lending.

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3 years ago
Cost of goods sold $500,000 Average inventory 62,500 Determine (a) the inventory turnover and (b) the number of days' sales in i
nadya68 [22]

Answer:

(a) 8 times

(b) 45.6 days

Explanation:

Given that,

Cost of goods sold = $500,000

Average inventory = $62,500

Assume 365 days a year.

(a) Inventory turnover ratio:

= Cost of goods sold ÷ Average inventory

= $500,000 ÷ $62,500

= 8 times

(b) Number of days' sales in inventory days:

= 365 days ÷ Inventory turnover ratio

= 365 days ÷ 8

= 45.6 days

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3 years ago
Define indicators of development what are the major indicators of development explained?​
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Answer:

The extent to which a country has developed may be assessed by considering a range of narrow and broad indicators, including per capita income, life expectancy, education, and the extent of poverty.

Explanation:

thats

indicators of development

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A basket of goods costs $800 in the u.s. in belgium the basket of goods costs 640 euros and the exchange rate is .80 euros per u
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Belgium but not Japan

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