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11111nata11111 [884]
3 years ago
8

Anthropology Corp. issued 6-year, 8% bonds with a face value of $850,000 on October 1, 2021. The bonds are dated October 1, 2021

. Interest is paid semi-annually on Aptil 1 and October 1. The market rate of interest at issuance is 6%. This fiscal year end is Nocember 30th. The company uses the straight-line amortization method. What amount of interest expense is reported in the fiscal year ending in November 2021?
Business
1 answer:
babymother [125]3 years ago
3 0

Answer:

8983

Explanation:

Total Premium (934609-850000) 84609

Divide: Periods total   12

Premium amortized each period  7050.75

Interest expense for Nov21 (Two months)  

Cash Interest payable (850000*8%*2/12) 11333.33

Less: Premium amortized (7050.75*2/6) 2350.25

Interest expense for year ending 30.11.21 8983.08

Total Premium (934609-850000) 84609

Divide: Periods total   12

Premium amortized each period  7050.75

Interest expense for Nov21 (Two months)  

Cash Interest payable (850000*8%*2/12) 11333.33

Less: Premium amortized (7050.75*2/6) 2350.25

Interest expense for year ending 30.11.21 8983.08

Answer is $8983

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Answer:

A. 20%

B.$4,000000

C. 62,500

D. $6,500,000

E $1,500,000

Explanation:

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3 years ago
Self-directed teams will generally ______.
NARA [144]

A self-directed work team (SDWT) is a group of people who are responsible for an entire business operation. There us generally very little input from a manager or supervisor.

Self-directed teams will generally not report to a manager.  Correct answer: D

These teams are empowered to make the decisions needed to manage themselves on a day-to-day basis

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3 years ago
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What is a shared risk pool in an annuity?​
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7 0
3 years ago
If a company spends $14.4 million to install refurbished footwear-making equipment with capacity to produce 1 million pairs of a
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The annual depreciation costs at that facility will rise by 10% or $1,440,000.

<h3>Annual depreciation costs</h3>

Life of the equipment = 10 Years

Salvage value = 0

Annual Depreciation= (Cost of equipment - Estimated salvage value) / Estimated useful life

Annual Depreciation= ($14.4 million- 0) / 10

Annual Depreciation= $1,440,000

or

Annual Depreciation= $1,440,000/$14,400,000 ×100

Annual Depreciation= 10%

Inconclusion the annual depreciation costs at that facility will rise by 10% or $1,440,000.

Learn more about annual depreciation cost here:brainly.com/question/15872169

4 0
2 years ago
Malika just got hired by Amazon to work in upper management. She currently lives in South Carolina, and has to move to Californi
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Answer: Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Explanation:

From the question, we are informed that Malika just got hired by Amazon to work in upper management and that she currently lives in South Carolina, and has to move to California for the job.

A good economic reason for her to move her personal belongings on her own rather than hiring someone else is Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Since her job will start in a month, that means that she can use the available time she has to move her personal belongings. Assuming, she has something else to do or she'll be busy and will be hard for her to move it on her own, then it'll be logical to request for someone to help her move it but in this case, she can move it herself as the opportunity cost is low.

4 0
3 years ago
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