1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timofeeve [1]
3 years ago
10

On January 1, 2021, Legion Company sold $240,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December

31. The bonds were sold for $150,272, priced to yield 10%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $4,800. $12,000. $7,514. $19,200.
Business
1 answer:
slavikrds [6]3 years ago
6 0

Answer:

$7,514

Explanation:

Calculation for how Legion should report bond interest expense for the six months ended June 30, 2021

Using this formula

Bond interest expense=Bonds amount*Priced to yield percentage

Bond interest expense=$150,272*(10%/2)

Bond interest expense=$150,272*5%

Bond interest expense=$7,513.6

Bond interest expense=$7,514 Approximately

Therefore Legion should report bond interest expense for the six months ended June 30, 2021 in the amount of $7,514

You might be interested in
Office Depot promises an exceptional online shopping experience, free delivery for purchases over $35, buy-online-collect in sto
djyliett [7]

Answer:

Office Depot is following a multichannel marketing

Explanation:

Multichannel marketing is a strategic form of marketing in which a firm, company or business provides customers or consumers a number of ways of making purchases such as through the internet or a visit to their retail stores.  

This kind of marketing understands that customers are inclined to use different channels in making purchases. As such, information about goods and services are put up on both online and offline channels. It also has provisions for engaging customers via emails and online customer service interaction on a web page.

3 0
3 years ago
BT Alex Brown Analysts are evaluating Energen (NYSE: EGN) for possible inclusion in a small-cap oriented portfolio. EGN is a div
Lady bird [3.3K]

Answer:

The correct option is $1.14

Explanation:

D1=D0*(1+g)

D1 is year 1 dividend

g growth rate of dividend of 15%

D1=$0.54*(1+15%)

D1=$0.54*(1+0.15)

D1=$0.54*1.15

D1=$0.621 00

D2=$0.621*1.15

D2=$0.71415

We need to apply the discount factor to each of the dividends,the discount factor is 1/(1+r)^n

r is the rate of return of 11%

n is the relevant year

present value of year 1 dividend=$0.62100*1/(1+11%)^1

present value of year 1 dividend=$0.559459459

Present value of year 2=$0.71415*1/(1+11%)^2

Present value of year 2=$0.579620161

Total value present values=$0.559459459 +$0.579620161

                                            =$1.14

6 0
3 years ago
______ is held to respond to the uncertainties in demand and supply levels.
rusak2 [61]

Answer:

Safety Stock.

Explanation:

Safety Stock is held to respond to the uncertainties in demand and supply levels because it is an additional amount of a product or material which is generally held in an inventory to mitigate or lessen the risk that a product or material will become out of

stock.

In Business management, the safety stock can be calculated using the following formula;

<em>Safety stock = (Md * Ml) - (Ad * Al) </em>

Where;

Md = maximum daily usage.

Ml = maximum lead time in days.

Ad = average daily usage.

Al = average lead time in days.

3 0
3 years ago
Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold
Usimov [2.4K]
Okay. So Joan receives 25% commission on the profits of the cars she sells. She got $8,870 on the profit last month. To find the commission, let’s multiply the amount of profit by the percentage. 8,870 * 0.25 is 2,217.5. There. Joan earned $2,217.50 in commission last month.
6 0
4 years ago
What is an example of a comparative advantage of Mexico over the United States?
Neporo4naja [7]

Answer:

For example, a trade where the U.S. exports 4,000 refrigerators to Mexico in exchange for 1,800 pairs of shoes would benefit both sides, in the sense that both countries would be able to consume more of both goods than in a world without trade.

<h3>hope it's help you </h3><h3>plz mark as brain list</h3>
3 0
3 years ago
Other questions:
  • Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan
    9·1 answer
  • ‍You have just decided to add a new line to you manufacturing plant. Compute the expected loss/profit from the addition if you e
    7·1 answer
  • What subjects does TSA emphasize?
    11·1 answer
  • What is the preferred order (highest preference to lowest preference) of the materiel solution alternatives outlined in the Defe
    6·1 answer
  • Walker was gathering information on plasma and LCD TVs because he wanted to purchase one for his household. He bought several el
    11·1 answer
  • Demand is said to be inelastic if a. buyers respond substantially to changes in the price of the good. b. demand shifts only sli
    14·1 answer
  • Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8 5,000 13 If 9,000 units are on hand at
    5·1 answer
  • Suppose the town of Boone has a total population of 70,000 people. Of those, 65,000 people are employed. There are 1,000 full-ti
    5·1 answer
  • An individual with $32.000 in taxable income pays $970 for the 10% tax bracket, and $2,676 for the 12% bracket. What is the over
    7·1 answer
  • how policy makers can incorporate the Domestic Climate Policy Framework into a widely accepted environmental policy
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!