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nika2105 [10]
2 years ago
10

A company issued 6-year, 8% bonds with a par value of $750,000. The market rate when the bonds were issued was 7.5%. The company

received $757,500 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is:
Business
1 answer:
balandron [24]2 years ago
7 0

Answer:

$28,406.25

Explanation:

Calculation for how much is the amount of interest expense for the first semiannual interest period Using the effective interest method

Interest expense=$757,500 x .075 x ½ year

Interest expense= $28,406.25

Therefore the amount of interest expense for the first semiannual interest period is $28,406.25

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6 0
3 years ago
If the government levies a $5 tax per ticket on buyers of NFL game tickets, then the price paid by buyers of NFL game tickets wo
nexus9112 [7]

Answer:

increase by less than $5

Explanation:

A tax is a compulsory amount levied by the government or an agency of the government on goods and services.

Taxes increases the price of a product.

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I hope my answer helps you

6 0
3 years ago
Information for firm ABC: Inventory at the end of April, 2008: 200 units Expected demand during April, 2008: 50 units Production
zavuch27 [327]

Answer:

Inventory at the end of march will be 150

Explanation:

We have given inventory at the end of April = 200 units

Expected demand during April = 50 units

Production expected during April =  100 units

We have to find the inventory at the end of march

Inventory at the end of April is given by

Inventory at the end of April = production in april - demand in april + inventory of march

So 200 = 100 - 50 + inventory of march

So inventory of march = 150

5 0
3 years ago
If Congress and the president want to keep real GDP at its potential level in​ 2021, they should use an expansionary fiscal poli
Nataly_w [17]

Answer:

a) increasing government spending or cutting taxes

Explanation:

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2. Contractionary fiscal policy: These are government policies which involves decreasing government spending or increasing taxes.

Monetary policy are policies enacted by the Central bank to achieve certain macroeconomic objectives.  

I hope my answer helps you

4 0
3 years ago
Is water wet or....?
amm1812

Answer:

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the chemical formula for water is ( H2O )

Explanation:

hope it helps

5 0
3 years ago
Read 2 more answers
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