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geniusboy [140]
3 years ago
13

King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya

ble is $4,800. At that time, King redeemed the bonds at 102. Assuming that no interest is payable, make the entry to record the redemption. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
dangina [55]3 years ago
7 0

Answer:

Dr Bonds payable 1,600,000

Dr Loss on redemption of bonds 36,800

    Cr Cash 1,632,000

    Cr Discount on bonds payable 4,800

Explanation:

Loss/gain on redemption  of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss

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Consumers have certain rights that do not carry corresponding responsibilities. true or false.
Over [174]
Thank you for posting you question here at brainly. I think the statement "<span>Consumers have certain rights that do not carry corresponding responsibilities." is false. Below are the right of the consumer:

</span><span> <span><span> <span> Right to Safety</span> </span> <span> <span> Responsibility of Right to Safety</span> </span> <span> <span> Right to Be Informed</span> </span> <span> <span> Responsibility of Right to Be Informed</span> </span> <span> <span> Right to Choose</span> </span> <span> <span> Responsibility of Right to Choose</span> </span> <span> <span> Right to Be Heard</span> </span> <span> <span> Responsibility of Right to Be Heard</span> </span> <span> <span> Right to Redress</span> </span> <span> <span> Responsibility of Right to Redress</span> </span> <span> <span> Right to Consumer Education</span> </span> <span> <span> Responsibility of Right to Consumer Education</span> </span> <span> <span> Right to Healthy Environment</span> </span> <span> <span> Responsibility of Right to Healthy Environment</span> </span></span></span>
3 0
3 years ago
Caspian Sea is considering raising $33.00 million by issuing preferred stock. They believe the market will use a discount rate o
Hitman42 [59]

Answer:

1,212,723 shares

Explanation:

Given that,

Value of issuing preferred stock = $33,000,000

Discount rate = 11.87%

Dividend paid = $3.23

Price of preferred stock:

= Annual dividend ÷ discount rate

= $3.23 ÷ 0.1187

= $27.2115

Shares will they need to issue:

= Value of issuing preferred stock ÷ Price of preferred stock

= $33,000,000 ÷ $27.2115

= 1,212,723

3 0
3 years ago
If during 2011 the Republic of Sildavia recorded a value added of $78 billion, wages of $40 billion, profits of $8 billion, and
Otrada [13]

Answer:

$12 billion.

Explanation:

Given: Value added during 2011= $78 billion.

           Total sales= $90 billion.

Intermediate goods are the goods used to produce final product and it is not included in the calculation of GDP, however, it is included in the value of final goods.

Now, finding the value of intermediate goods purchased.

Intermediate goods= Total\ sales - Total\ value\ added

⇒ Intermediate goods= \$ 90\ billion - \$ 78 \ billion

∴ Intermediate goods= \$ 12\ billion

Hence, value of intermediate goods purchased is $12 billion.

7 0
3 years ago
. Demand-pull inflation occurs when multiple choice 1 there is a negative GDP gap. there is a negative price gap. there are incr
Alexxandr [17]

When there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

The Demand-pull inflation is the type of inflation experienced as a result of an imbalance in aggregate supply and demand, thus, the prices go up because of aggregate demand which outweighs the aggregate supply.

Therefore, the Option C is correct because when there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

Learn more about this here

<em>brainly.com/question/18072639</em>

8 0
2 years ago
A firm has the following cost and marginal cost​ functions: Upper C left parenthesis q right parenthesis equals 64 plus q square
velikii [3]

Answer: Minimum efficient​ scale is 8 units.

Explanation:

Given that,

Cost function: C(q) = 64 + q^{2}

Marginal cost function: MC = 2q

Average cost: AC = \frac{C(q)}{q}

                             = \frac{64 + q^{2}}{q}

                             = \frac{64}{q} + q

The minimum efficient scale is at a point where MC = AC

2q =  \frac{64}{q} + q

q^{2} = 64\\q = \sqrt{64} \\q = 8

Therefore, minimum efficient​ scale is 8 units.

8 0
3 years ago
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