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Step2247 [10]
3 years ago
14

On January 2, 20X1, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and De

cember 31. The bonds mature in 5 years. The bonds issued for $95,842 with an effective interest rate of 7%. Effective interest recognized on June 30, 20X1, will be equal to _____. (round to the nearest full dollar)
Business
1 answer:
____ [38]3 years ago
3 0

Answer:

Effective interest recognized on June 30, 20X1, will be equal to $3,354

Explanation:

Data provided from the question,

Amount of bond issued on January 2, 20X1 = $100,000 of 6% bonds

Interest = $3000

Payable semi-annually on June 30 and December 31

Number of years to mature = 5 years

The bond issued for $95,842 with an effective interest rate of 7%

Therefore, the Effective interest recognized on June 30, 20X1 =

bond issued × effective interest rate × semiannually(1/2)

= $95,842 x 0.07 x 0.5

= $3,354

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eall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mach
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Answer:

$6,000 unfavorable

Explanation:

The fixed manufacturing overhead budget for the month is the difference between budgeted fixed manufacturing overhead cost minus actual fixed manufacturing overhead cost represented below;

Fixed manufacturing overhead budget = Budgeted fixed manufacturing overhead cost - Actual fixed manufacturing overhead cost

= $70,000 - $76,000

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It is unfavorable since the actual overhead cost expended is more than the budgeted cost.

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3 years ago
How can you change your name
marshall27 [118]
If you are talking about Brainly i don't think you can :) 
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2 years ago
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Market is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for
Elza [17]

A market supply is a schedule or curve showing the various amounts of a product that producers are willing and able to make available for sale at each possible price during a specific period.

A market demand plan is a table that shows the relationship between price and demand for a particular commodity. To better understand this relationship, many economists plot a timeline of market demand on a graph called a market demand curve.

The demand plan shows that when the price increases, the quantity demanded decreases and vice versa. These points are plotted and the line connecting them is the demand curve. The product downward slope of the demand curve again indicates the law of demand, the inverse relationship between price and quantity demanded.

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3 0
1 year ago
the common stock of salazar insurance pays a constant annual dividend of $4.80 per share. what is one share of this stock worth
kotegsom [21]

Market Price =$36.09,is one share of this stock worth at a discount rate of 13.3 percent.

<h3>Common stock: What does that mean?</h3>

A security that symbolizes ownership in a firm is called common stock. Common stock owners choose the executive board and cast ballots for corporate rules. This kind of stock ownership frequently offers better long-term rates of return. Common stock is not subject to either assets or liabilities.

<h3>How are shares & common stock different from one another?</h3>

Definition: The term "stock" refers to the holder's interest in one or more businesses. A single share of interest in a firm is referred to as a "share" in contrast. For instance, if X has stock investments, X may have a collection of shares from various companies.

<h3>Briefing:</h3>

Market price = dividends per share

P0 = $4.80/.133

P0 = $36.09

Market Price =$36.09

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5 0
1 year ago
How does the viscosity of the magma fed to volcanoes affect nearby life and property?
saveliy_v [14]
<span>A volcano that expels highly viscous magma is a greater threat to life and property because it is more explosives and thus is more difficult or impossible to predict. When there are more explosives happen, the damage that created to nearby life and poverty will also be increased. Depending on the amount of magma that being erupted, it might take more than ten years for the soil to have good enough composition for plants to grow.</span>
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