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Burka [1]
3 years ago
12

Ridge Company issues $10,000,000 10-year, 9% bonds on 3/1/17 at 97 plus accrued interest. The bonds are dated January 1, 2010, a

nd pay interest on June 30 and December 31; original issue date was 1/1/17. What is the total cash received on 3/1/17
Business
1 answer:
lilavasa [31]3 years ago
8 0

Answer:

$9,850,000

Explanation:

Calculation for What is the total cash received on 3/1/17

Total cash received on 3/1/17=$10,000,000 × .97) + ([9%*$10,000,000) × 2/12]

Total cash received on 3/1/17=$10,000,000 × .97) + ($900,000 × 2/12)

Total cash received on 3/1/17=$9,700,000+$150,000

Total cash received on 3/1/17 = $9,850,000

Therefore the total cash received on 3/1/17 is $9,850,000

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<u>A</u>

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Jerome is an elderly man who lives with his nephew, Philip. Jerome is totally dependent on Philip’s support. Philip tells Jerome
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Answer:

Voluntary consent:

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3 years ago
Two categories of expenses in merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses an
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Answer:

Two categories of expenses in merchandising companies are c. cost of goods sold and operating expenses

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4 0
3 years ago
Read 2 more answers
For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and end
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Answer:

finished cost = $200,000

inventory cost=$250,000

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$600,000+$200,000-$250,000

$550,000

7 0
3 years ago
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