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Fudgin [204]
3 years ago
8

A City Electric Utility Enterprise Fund made its annual interest payment on its outstanding $20 million of 6% bonds, which were

originally issued at a premium. Assuming the City maintains it books and records in a manner that facilitates preparation of its fund financial statements, the entry to record this would include a credit to Cash for the amount of the interest checks written and debit(s) to ___________.
Business
1 answer:
Oksana_A [137]3 years ago
8 0

Answer:

Debit to Interest expenditure and bond premium.

Explanation:

Based on the information the Appropriate journal entry to record this would include a CREDIT TO CASH for the amount of the interest checks written and DEBIT(S) to INTEREST EXPENDITURE AND BOND PREMIUM reason been that we were told the ANNUAL INTEREST PAYMENT on the company its outstanding was the amount of $20 million of 6 percent bonds, which were ISSUED AT A PREMIUM.

Debit to Interest expenditure and bond premium $1.2 million

($20 million*6%)

Cr Cash $1.2 million

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Customers who are good at generating new product ideas or applications of products or services are called _________.
scoundrel [369]

Answer:

lead users.

Explanation:

Remember products are made for customers, and when customers provide helpful feedback that leads to new products or applications of products it's even better.

Lead users provide a lead to product success. They are good at providing feedback for free, like what needs to added or removed etc.

It is important to note that most big companies rely on customer feedbacks for new product launches.

6 0
3 years ago
Formula for efficency<br>​
telo118 [61]

Answer:

Efficiency is often measured as the ratio of useful output to total input, which can be expressed with the mathematical formula r=P/C, where P is the amount of useful output ("product") produced per the amount C ("cost") of resources consumed.

Hope it helps.

5 0
4 years ago
Read 2 more answers
A soda pop company offers a discount to a grocer. in​ exchange, the grocer agrees to provide​ in-store advertising for the soda
MAVERICK [17]
<span>This is an example of a Trade Sales Promotion situation. Many companies do this type of thing with techniques such as discounts, coupons, contests and commissions as part of the deals. Also used in these promotions are trade allowances, displays, push money and training programs.</span>
8 0
4 years ago
Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a p
AnnyKZ [126]

Answer:

The correct answer is 8.679%.

Explanation:

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

Face value (F) = $1,000

Bond value (B)= $955

Time (t) = 18 years

Yield (r) = 9.2%

First we calculate the coupon payment:

Let coupon payment = C

then,

B = C × \frac{1 - \frac{1}{(1+r)^{t} } }{r}  + \frac{F}{(1+r)^{t} }

By putting the value, we get

$955 = C× \frac{1 - \frac{1}{(1+0.092)^{18} } }{0.092}  + \frac{1000}{(1+0.092)^{18} }

$955 = C × 8.64 + 205.11

C = 86.79

So, Coupon Rate = Coupon Payment ÷ Face value

= 86.79 ÷ 1000

= 0.08679

= 8.679%

8 0
3 years ago
The net income reported on the income statement for the current year was $220,000.
sukhopar [10]

Answer:

B) USD 317,000/-

Explanation:

By adding reported values and subtracting payable we will get a derivation like below:

= 220,000+50,000+10,000+30,000-1000+8000

= USD 317,000/-

7 0
3 years ago
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