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Ugo [173]
4 years ago
11

On the first day of its fiscal year, Chin Company issued $10,000,000 of five-year, 7% bonds to finance its operations of produci

ng and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 8%, resulting in Chin receiving cash of $9,594,415. Journalize the entries to record the following: Issuance of the bonds. First semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round to the nearest dollar.) Second semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round to the nearest dollar.)

Business
1 answer:
Korvikt [17]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Do the advantages of substituting the bioplastic pla for conventional plastics outweigh the disadvantages
Anna35 [415]

Answer:

The use of Bioplastic PLA is more beneficial than the conventional plastics

Explanation:

The bioplastic PLA is more beneficial because of its compostability, less cost, less Carbon dioxide emission when they are manufactured, plant raw materials are used which absorbs Carbon dioxide, renewable energy is utilized, etc. All these benefit which conventional plastics doesn't have, will leave better impact on the environment. Furthermore, the conventional plastic was very hazardous to marine life which PLA is not. So yes, we must use PLA responsibly. Because if we are recycling more and more, then their are fewer plastic in the ocean and less are the chances that marine life gets hurt.

3 0
3 years ago
John's T-shirt business uses the demand function P= -Q + 38 and the supply
GaryK [48]

The correct option is - B (16, 22)

Explanation:

<u>Given: </u>

Demand function = P = -Q +38

Supply function = P = Q – 6

<u>In order to find the equilibrium, the demand function must be equal to the supply function. </u>

Thus, putting the demand function equal to the supply function , we get,

Q – 6 = -Q + 38

Solving the above equations, Q = 22

Now, putting the value of Q in demand function in order to find out the value of P,

P = -22 + 38

P = 16

Thus, Option B is correct (16, 22)

3 0
3 years ago
Read 2 more answers
The following transactions were selected from among those completed by Bear’s Retail Store: Nov. 20 Sold two items of merchandis
mote1985 [20]

Answer:

net sales for the period by Bear's Retail Store: 11,515.8

Explanation:

From the sales revenues we will subtract the returns and discounts.

sales revenues

           530

        4,900

  <u>      6,900   </u>

       12,330

sales returns

690 (6,900 for 10 items the custoemr returns 1 item)

<u><em>sales discount on Nancy </em></u>

(6,900 - 690) x 2% = 124.2

net sales:  12,330 - 690 returns - 124.2 discount = 11.515,8‬

7 0
4 years ago
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, whil
SpyIntel [72]

Answer:

3.27

Explanation:

Calculation to determine the enterprise value-EBITDA multiple for this company

First step is to calculate the

Enterprise value

Using this formula

Enterprise value = Market Capitalization + Total Debt - Cash and equivalents

Let plug in the formula

Enterprise value=$582000 + $192000 - $21000

Enterprise value=$753000

Second step is calculate EBITDA using this formula

EBITDA = EBIT + Depreciation and Amortization

Let plug in the formula

EBITDA= $93000 + $137000

EBITDA=$230,000

Now let determine the EBITDA multiple using this formula

EBITDA multiple = Enterprise Value / EBITDA

Let plug in the formula

EBITDA multiple=$753000 / $230000

EBITDA multiple= 3.27

Therefore enterprise value-EBITDA multiple for this company is 3.27

8 0
3 years ago
You are working as accounting information system(AIS) expert in H and H, a multinational entity(MNE) for couple of years inSpain
Reika [66]

Answer:

stakeholders for the project, documented goal and objective of the assignment, discuss SMART(specific, measurable, agreed, reaganlistic, timeframe) for the assignment, resources for the assignment, GANTT chart of the assignment, risk assessment for the project.

Explanation:

Before starting any major assignment, one must set its goals and objectives very clearly. A list of milestone and progress measuring report must be prepared so that tracking is easy. Also, all the associated risks must be analyze and catered for

6 0
3 years ago
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