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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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Which type of credit is used for utilities? installment credit secured credit card service credit unsecured credit card
balandron [24]
The type of credit that is used for utilities is : Service credit

With service credit you can make it easier to pay utility bills such as gas, electricity, water, phone services, etc under one account

hope this helps
5 0
3 years ago
6) Una escuela tiene un total de 475 estudiantes. Se quiere extraer una muestra de 80. Explica en detalle cómo se obtiene dicha
kap26 [50]

Answer:

Check Explanation

Comprobar Explicación

Explanation:

English Translation

A school has a total of 475 students. We want to extract a sample of 80. Explain in detail how this sample is obtained by random sampling.

Solution

In random sampling, each member of the population has an equal chance of being surveyed or an equal chance of being a member of the sample.

For this Question, it will mean that each of the 475 students would have an equal chance of being part of the sample of 80 students. To use random sampling for this particular scenario, we would give all the students numbers from 1 to 475, we would then use a computer program to generate 80 random student numbers.

We could also put all the number in a bowl and randomly select 80 numbers from 475, that way, the sampling method would be as random as can be.

In Spanish/En español

En el muestreo aleatorio, cada miembro de la población tiene la misma probabilidad de ser encuestado o la misma probabilidad de ser miembro de la muestra.

Para esta pregunta, significará que cada uno de los 475 estudiantes tendría las mismas posibilidades de ser parte de la muestra de 80 estudiantes. Para usar el muestreo aleatorio para este escenario particular, le daríamos a todos los estudiantes números del 1 al 475, luego usaríamos un programa de computadora para generar 80 números de estudiantes al azar.

También podríamos poner todos los números en un tazón y seleccionar aleatoriamente 80 números de 475, de esa manera, el método de muestreo sería lo más aleatorio posible.

Hope this Helps!!!

¡¡¡Espero que esto ayude!!!

7 0
3 years ago
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you received your s
s344n2d4d5 [400]

Answer:

Final Value= $4,216,869

Explanation:

Giving the following information:

You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.2 percent per year. Your salary will increase at 3 percent per year throughout your career. Your salary is $52,000

Your retirement is in 40 years.

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A=annual payment= 5,200

i= 9.2% interest + 3% year increase= 12.2%

n=40

FV= {5,200*[(1.122^40)-1]}/0.122

FV= $4,216,869

6 0
3 years ago
Consider the following: Alex is one of the leading widget producers in the country. His total costs amount to $10,000, total fix
Lilit [14]

Answer:

The correct answer is 20 units.

Explanation:

According to the scenario, the given data are as follows:

Total cost = $10,000

Total fixed cost = $2,000

Average variable cost = $400

So, Total variable cost = Total cost - Total fixed cost

= $10,000 - $2,000 = $8,000

So, we can calculate the total number of widgets producing by using following formula:

Units producing = Total variable cost  ÷ average variable cost

= $8,000 ÷ $400

= 20 units

6 0
3 years ago
The most common method used by burglars to gain forceful entry into safes is
german

trying to pull the safe open seems like a viable answer

7 0
3 years ago
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