All of the following are reasons people favor home ownership EXCEPT:

Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31

dusya [7]

Answer:

Legacy

The total bond interest expense to be recognized over the bond's life is:

= $189,172.82

Explanation:

a) Data and Calculations:

Face value of 5.5% bonds issued = $660,000

Proceeds from the bonds issue = 648,412

Bonds discounts = $11,588

Interest payment = semiannually at 2.75% (5.5%/2)

Market interest rate = 6%

Effective semiannual interest rate = 3% (6%/2)

N (# of periods) 8

I/Y (Interest per year) 3

PV (Present Value) 648412

PMT (Periodic Payment) 18150

Results

FV = $982,784.82

Sum of all periodic payments = $145,200.00

Total Interest = $189,172.82

6 0

2 years ago

The ABC Company is having a meeting about a possible merger with the XYZ Company. The ABC Company sent one executive to handle t

iVinArrow [24]

Answer:

Individualistic

Explanation:

Individualistic mindset focuses on the individual and gives them more emphasis than the group.

The opposite of individualism is collectivism or group mentality which emphasise the group over the individual.

To discuss the merger between the two companies, ABC company only sent one person while XYZ company sent 5 people from different departments.

ABC is most likely have a individualistic mindset and they feel one person can handle the negotiation.

On the other hand XYZ sent representatives from each department. This shows the organisation has to agree to the deal so all departments are involved.

8 0

3 years ago

We see quite a bit of international trade in the real world. And trade is driven by specialization. So why don’t we see full spe

Alenkasestr [34]

Answer:

e. Deterring monopoly

Explanation:

Based on the information provided within the question it can be said that the best choice would be that it is deterring monopoly. Monopolies refer to having full control of an industry and being the the only supplier or producer of a certain good. This is always bad because monopoly's are able to set whatever price they want on their products because there is no competition to steal away customers.

4 0

3 years ago

An Internet business prides itself in its ability to fill customer’s orders in six calendar days or less on average. Periodicall

LenaWriter [7]

Answer:

Answer is explained in the attachment.

Explanation:

Download pdf

3 0

3 years ago

Assume Aircastle reported $20 million in goodwill on its acquisition of Broadvision. Assume the fair value of the earnout in agr

hoa [83]

Answer:

Journal Entry

Dr. Contingent Consideration Liability $500,000

Cr. Goodwill $500,000

Explanation:

It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.

Hence,

The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.

4 0

2 years ago