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Sergio039 [100]
2 years ago
10

On January 1 of the current year, Barton Corporation issued 11% bonds with a face value of $99,000. The bonds are sold for $94,0

50. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is
Business
1 answer:
Bogdan [553]2 years ago
3 0

Answer:

$11,880

Explanation:

Calculation to determine The bond interest expense for the year ended December 31 is

First step

Semiannual interest=($99,000 * 0.11 * 6/12)

Semiannual interest= $5445

Second step

Semi-annual discount amortization

Semi-annual discount amortization=($99,000 - $94,050)/5*/12

Semi-annual discount amortization=($4950 / 5)*6/12

Semi-annual discount amortization= 495

Third step

Semiannual interest expense=(5445 + 495)

Semiannual interest expense = $5940

Now let determine the bond interest expense

Bond interest expense =($5940 * 2)

Bond interest expense = $11880

Therefore The bond interest expense for the year ended December 31 is $11,880

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Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. An
Arisa [49]

Answer:

$2 per-unit cost of production

Explanation:

since 20 units are produced and 10 units of input are used so,

divide 20/ 10 to get per unit cost of production.

        20/10 = $2

6 0
3 years ago
Why are benefits of the sale or purchase of bonds?
Anon25 [30]
When bonds are sold to investors, the government benefits because it gets an injection of cash, while the purchaser benefits because in a few years it will have accrued interest.
3 0
3 years ago
Classify the following item as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle:
Semmy [17]

Answer:

d. Establish a $10,000 credit limit for a new customer

s. Collect payments on customer accounts

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Expenditure

c. Hire a new assistant controller

f. Disburse payroll checks to factory workers

k. Record factory employee timecards

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i. Decide how many units to make next month

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Production

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Explanation:

6 0
3 years ago
when conducting a multi-criteria analysis, how would you determine the best option upon concluding the analysis?
navik [9.2K]

The highest score is the best option upon concluding the multi-criteria analysis .

<h3>What is a multi-criteria analysis' benefit?</h3>

By evaluating the results, performance, implications, and trade-offs of various policy alternatives, a Multi-Criteria Analysis (MCA) can be used to discover and contrast them. MCA offers a methodical method for supporting complicated decisions in accordance with predetermined standards and goals.

<h3>What is a multi-criteria analysis' benefit?</h3>

Managers can make environmental management decisions that involve trade-offs between a variety of intended management action outcomes with the aid of multi-criteria analysis. Transparent decision modeling begins with clearly specified criteria and hierarchically arranged objectives (particularly when employing qualitative measures).

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3 0
11 months ago
Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl
polet [3.4K]

Answer: 12.5 times

Explanation:

The accounts receivable turnover tells you how effective your company's collection mechanism is.

Accounts Receivable turnover = net credit sales/accounts receivables

= 8500000/600000+760000 = 12.5 times.

5 0
3 years ago
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