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const2013 [10]
3 years ago
6

On January 1, 2018, Crane Corporation issued $5400000, 10-year, 9% bonds at 102. Interest is payable annually on January 1. The

journal entry to record this transaction on January 1, 2018 is
Business
1 answer:
NARA [144]3 years ago
8 0

Answer and Explanation:

The journal entry is as follows;

Cash ($5,400,000 × 102%) $5,508,000

         To Bonds Payable $5,400,000

         To Premium on Bonds Payable $108,000

(Being issuance of the bond payable is recorded)

Here the cash is debited as it increased the assets and credited the bond payable and premium on bond payable as it increased the liabilities

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Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply the housing. Assumin
Allisa [31]

Answer:

  • ,000 new apartments will make the equilibrium price = $1,500
  • 10,000 new apartments will make the equilibrium price = $1,000
  • 15,000 new apartments will make the equilibrium price = $500

Explanation:

<u>Rent</u>                                <u>Demand</u>                           <u>Supply</u>

2,500.00                        10000                               15000

2,000.00                         12500                               12500

1,500.00                         15000                               10000

1,000.00                         17500                                 7500

500.00                           20000                               5000

The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:

  • 5,000 new apartments will make the equilibrium price = $1,500
  • 10,000 new apartments will make the equilibrium price = $1,000
  • 15,000 new apartments will make the equilibrium price = $500
8 0
3 years ago
Slove in 1 hour plzz​
bearhunter [10]

Answer:

14/51

27.5%

Explanation:

5 0
3 years ago
Read 2 more answers
Which of the following is an integral step in a pay-and-return scheme? A. Establish a shell company. B. Misappropriate the incom
svlad2 [7]

Answer:

Letter b is correct. Misappropriate the incoming check related to returned goods and deposit the check in a bank account other than the company's.

Explanation:

A pay-and-return scheme is a scheme where an employee intentionally defrays a payment amount from a vendor, increasing that expense and reimbursing the excess amount of that payment. It can also be performed on a dual payment scheme to a vendor, and after the employee reports the error to the vendor and gets a check back, he can refund the amount.

4 0
3 years ago
Suppose that France and Sweden both produce oil and cheese. France's opportunity cost of producing a pound of cheese is 3 barrel
Anni [7]

Answer:

FRANCE has a comparative advantage in the production of cheese and SWEDEN has a comparative advantage in the production of oil.

  • Comparative advantages result form the lowest opportunity costs. In this case, France's opportunity cos tot produce cheese is lower, while Sweden's opportunity cost of producing oil is lower.

France can gain from specialization and trade as long as it receives more than 3 BARRELS of oil for each pound of cheese it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more than 1/11 POUNDS of cheese for each barrel of oil it exports to France.

Based on your answer to the last question, which of the following terms of trade (that is, price of cheese in terms of oil) would allow both Sweden and France to gain from trade?

  • a. 6 barrels of oil per pound of cheese
  • c. 4 barrel of oil per pound of cheese

5 0
3 years ago
Installing an automated production system costing $278,000 is initially expected to save Zia Corporation $52,000 in expenses ann
rusak2 [61]

Answer:

11.63%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 = $-278,000

Cash flow each year from year 1 to 9 = $52,000 - $5, 000 = $47,000

Cash flow in year 10 = $47,000 + $25,000 = $72,000

IRR = 11.63%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

8 0
3 years ago
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