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rusak2 [61]
3 years ago
13

A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2012. Interest is paid on June 30 and December 31. T

he proceeds from the bonds are $14,703,109.
What is interest expense for 2013, using straight-line amortization?
a. $1,540,207
b. $1,170,000
c. $1,176,894
d. $1,184,845
Business
1 answer:
yKpoI14uk [10]3 years ago
5 0

Answer:

Option (D) is correct.

Explanation:

Given that,

company issues = $15,000,000 bonds

Rate of interest = 7.8%

Time period = 20 years

Interest expense for 2013:

= (Issued amount × rate) + [(Issued amount - Bonds proceeds) ÷ Time period]

= ($15,000,000 × 7.8%) + [($15,000,000 - $14,703,109) ÷ 20]

= $1,170,000 + $14,845

= $1,184,845

Therefore, the interest expense for 2013, using straight-line amortization is $1,184,845.

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MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the c
m_a_m_a [10]

Answer:

The correct answer is c. Management Information System.

Explanation:

A Management Information System is a computer system that gathers, stores, analyzes, displays and reports data with the purpose of aiding decision-makers to be informed and make high quality decisions that are useful to a company. It consists of:

  • People, that take advantage a MIS to make effective decisions.
  • Hardware, physical structure that supports the MIS.
  • Software, computer programs that aid in all the processes to handle the data e.g. analysis, retrieval, etc.
  • Databases, that store the data of a MIS.

The information can be related to any area of the company, for example Research & Development (R&D), Marketing, Finances, Project development, Human Resources, etc.

The use of a MIS allows a company to have easy access to information, fast data processing and information retrieval, accurate data analysis, reduction of duplicates and reliable backup for the information stored.

7 0
4 years ago
A company purchased a weaving machine for $264,970. The machine has a useful life of 8 years and a residual value of $14,500. It
Nutka1998 [239]

Answer:

$37,455

Explanation:

The unit of production method of depreciation charges higher amounts of depreciation seasons of higher output.  The depreciation amount is propositional to the level of production.

The formula applicable in the calculation of the unit of depreciation is as follows.

Depreciation = depreciable value / estimated production value x units produced

For this machine: depreciable value = Asset cost - residual value

Depreciable value =$264,970- $14500 = $250, 470

Estimated units to be produced = 759,000 bolts

Units produced in the second year =113,500

Depreciation for the second year

=  250, 470/ 759,000 x 113,500

=0.33 x 113, 500

= $37,455

6 0
4 years ago
Your landlord has held one month's rent of $875 as a security deposit from which any damage repair will be deducted. You have le
Norma-Jean [14]

<u>Answer:</u> $455

<u>Explanation:</u>

Security deposit with the landlord  =$875

Calculation of painting cost

Given

Painting charges= $5.25

Size = 8ft x 10ft = 80 Sq.ft

Total painting charges= 80 Sq.ft x $5.25

=$420

Calculation of security deposit to be returned

= Total security deposit - painting charges

=875-420

=$455

So from the above calculations it is clear that $455 would be returned to me by the landlord.

8 0
3 years ago
Plz help me wit dis ill give robux XD lol
Elena-2011 [213]

Answer:

I'm going to guess here and say efficiency, trustworthiness, and patience

4 0
3 years ago
Read 2 more answers
(c) using okun's law, how more much would total output (gdp) have had to grow to create that many jobs?
ankoles [38]
<span>First and foremost, it should be understood that Okun's Law is an empirical observation. The law is founded in a perceived relationship between gdp and unemployment. In this sense, Okun's Law is an approximation and not rightly a Law derived from theory. There is some debate as to how much of a decrease in gdp actually occurs from an increase in unemployment, but two leading figures have offered estimations. Martin Prachowny gives the ratio 3:1, such that for every 1% increase in unemployment, a country's gdp drops by 3%. Ben Bernake more recently has offered a revised estimation, placing it closer to 2:1. Therefore, to find the inverse, a country's GDP would have to grow by 2-3% in order to reduce unemployment by 1%.</span>
4 0
4 years ago
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