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
Liono4ka [1.6K]
2 years ago
6

On January 1, 2019, a company issued $401,800 of 10-year, 12% bonds. The interest is payable semi-annually on June 30 and Decemb

er 31. The issue price was $416,753 based on a 10% market interest rate. The effective-interest method of amortization is used. What is the book value of the bond liability as of June 30, 2019 (to the nearest dollar)
Business
1 answer:
enot [183]2 years ago
6 0

Answer:

The book value of the bond liability as of June 30, 2019 is:

$401,800

Explanation:

The face value of the bond issued is $401,800

The issue price = $416,753

Bond premium = $14,953

This bond premium will be amortized for 10 years semi-annually using the effective-interest method.

However, as of June 30, 2019, no bond has been repaid, since its maturity is after 10 years.  Therefore, the liability on the bond remains the amount of the face value of the bond, which is $401,800.

You might be interested in
Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to
liubo4ka [24]

Answer:

B) options-based planning

Explanation:

Software development life cycle (SDLC) can be defined as a strategic process or methodology that defines the key steps or stages for creating and implementing high quality software applications.

Some of the models used in the software development life cycle (SDLC) are;

I. A waterfall model.

II. An incremental model.

III. A spiral model.

An options-based planning can be defined as a strategic management process which typically involves the maintenance of flexibility by investing simultaneously in a little amount (manner) in various alternative plans.

In this scenario, Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to try different operating system software for its phones and then buy the company that manufactures the software that is most compatible with its phones. Therefore, Adamdata is most likely using options-based planning.

4 0
3 years ago
The contrast error is committed when the rates rate people:
serious [3.7K]

Answer:

d) relative to others instead of against performance standards.

Explanation:

Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.

The person's ratings is affected negatively or positively.

A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.

5 0
3 years ago
On January 1, 2009, Coronado Industries purchased for $690000, equipment having a useful life of ten years and an estimated salv
JulijaS [17]

Answer:

There is not gain in this operation so the answer is $0

Explanation:

There are some journal entries that needs to be done to have a full picture of the statement

* Purchase

Fixed Assets                        690.000

Cash                                                        690.000

* Monthly depreciation

Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis

Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400

Then calculate the yearly depreciation

Yearly depreciation = ((amount to be depreciated/useful life) * years used) =

(641.400/10*8) = 513.120

then the journal entry to record the monthly depreciation for 8 years is

Depreciation expense          513.120

Acc Depreciation                                   513.120

* Post the Journal Entry to record the sell of FA

You have to reverse the Acc Depreciation and credit the FA

Cash                                     152.500

Fixed assets                                         690.000

Acc depreciation                   513.120

Loss on sale of FA                   24.380

6 0
3 years ago
Wrong Meds, Again! “It was horrible,” said the distraught client. “No matter how many times I provided the information, no one l
NemiM [27]

Answer:

Explanation:

no it will not happen agian because she learned from her mistake!

6 0
3 years ago
If you know that the value of an asset is $100 today, what concept will tell you what it will be worth in 5 years given a certai
Virty [35]

Answer:

future value

Explanation:

Future value is the value of a sum of money at some point in the future given a  certain interest rate.

Formula for future value = present value x ( 1 + r )^n

Assuming i = 10

the future value of $100 in 5 years = 100 x ( 1.1)^5 = $161.05

6 0
2 years ago
Other questions:
  • Concord Corporation has a new product going on the market next year. The following data are projections for production and sales
    15·1 answer
  • The executive managers of Auto International, a U.S.-based multinational car manufacturer, want to reduce the vulnerability of t
    9·1 answer
  • Bea’s Donuts requires that all people working in her store wear a light blue polo shirt showing the logo of her company. Requiri
    11·1 answer
  • Real GDP per capita in the U.S. grew from about​ $6,000 in the year 1900 to about​ $51,500 in​ 2016, an average growth rate of​
    6·1 answer
  • TriCorp is a major financial services corporation. With the CEO of TriCorp preparing to retire, several top managers are vying f
    10·1 answer
  • Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area loo
    7·1 answer
  • Im unable to add more comments come here to chat now
    14·2 answers
  • Atlas Corporation reported the following earnings per share information in its current annual report. The company has only one c
    13·1 answer
  • Rizzo Company has debentures ($1,000 par) outstanding that are convertible into the company's common stock at a price of $25. Th
    11·1 answer
  • Country a specializes in the production of rice because it can do so efficiently, but it imports electronics because it is not a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!