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Tatiana [17]
3 years ago
5

On January 1, 2021, Legion Company sold $300,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December

31. The bonds were sold for $265,590, priced to yield 12%. Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30, 2021, in the amount of:
Business
1 answer:
Bogdan [553]3 years ago
8 0

Answer:

$15,000

Explanation:

Calculation to determine what Legion should pay as cash interest for the six months ended June 30, 2021

Cash interest for the six months ended June 30, 2021 =$300,000*10%*6/12

Cash interest for the six months ended June 30, 2021=$15,000

Therefore Legion should pay cash interest for the six months ended June 30, 2021, in the amount of $15,000

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Butler Corporation is considering the purchase of new equipment costing $45,000. The projected annual after-tax net income from
ladessa [460]

Answer:

-$4,889.94

Explanation:

The computation of the net present value is shown below:  

Net present value = Present value after considering the depreciation and discounting factor - initial investment

where

Present value is

= After-tax net income + Depreciation expense

= $1,700 + $15,000

= $16,700

And its discounting factor is 2.4018

So, the present value is

= $16,700 × 2.4018

= $40,110.06

And, the initial investment is $45,000

So, the net present value is

= $40,110.06 - $45,000

= -$4,889.94

8 0
3 years ago
The dry cleaning industry is in monopolistic competition. In the short​ run, the​ profit-maximizing price is​ $10 per item and t
vitfil [10]

Answer:

$ 0

Explanation:

Under monopolistic competition, firms reach equilibrium in the long-run: this equilibrium is a point in which the marginal cost of producing one additional unit of ouput are the same as the marginal revenue from the sale of the same additional unit of output.

In other words, in the long-run, firms under monopolistic competition can only break-even, they do no obtain economic profits.

4 0
3 years ago
A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willin
son4ous [18]

Answer:

1.63

Explanation:

The computation of the pricing elasticity of supply using the midpoint method is shown below:

= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity supplied would be

= Q2 - Q1

= 1,100 - 500

= 600

And, the average of quantity supplied is

= (1,100 + 500) ÷ 2

= 800

Change in price would be

= P2 - P1

= $0.80 - $0.50

= $0.30

And, average of price would be

= ($0.80 + $0.50) ÷ 2

= 0.65

So, after solving this, the price elasticity of supply is 1.63

6 0
4 years ago
An employee receives an hourly rate of $30, with time and a half for all hours worked in excess of 40 during a week. payroll dat
disa [49]
I would say $1059.75 is the net amount the employee would receive for the current week after the deductions. The pay for this employee is 40 hrs x $30= $1200+(6 x $45)$270=$1470. Federal income tax deducted is $300, social security is 6% = 0.06x$1470= $88.20 and medicare is 1.5% = 0.015 x $1470=$22.05. So gross pay = $1470-$300-$88.20-$22.05= $1059.75.
5 0
4 years ago
Brandi is discussing an important issue with a colleague, Antoinette, and wants to convey a positive attitude. One way for her t
Shalnov [3]

If Brandi wants to convey a positive attitude. One way for her to do that is by : facing Antoinette directly.

<h3>Positive attitude</h3>

If Brandi want to show a positive attitude when interacting or communicating with Antoinette the best thing is for her to face antonienette face to face or directly.

Positive attitude is important as it help to resolve conflict and it tend to as well lead to creative thinking . Based on this by facing antoniette directly Brandi will be able to achieve her aim.

Therefore  one way for her to do that is by : facing Antoinette directly.

Learn more about positive attitude here:brainly.com/question/26697576

#SPJ1

7 0
3 years ago
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