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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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Flawless Cosmetic Company manufactures and distributes several different products. The company currently uses a plantwide alloca
IgorC [24]

Answer:

Option (D) is correct.      

Explanation:

Total Overhead Cost:

= (Overhead × Number of cases) for all products

= (20 × 350) + (25 × 550) + (17 × 650)

= 31,800

Total Machine Hours:

= Machine hours × Number of cases

= (5 × 350) + (3 × 550) + (4 × 650)

= 6,000

Overhead Rate:

= Total Overhead Cost ÷ Total Machine Hours

= 31,800 ÷ 6,000

= 5.30

Total product cost per case for Product GC:

= Direct Material + Direct Labor + Overhead

= 80 + 30 + (Machine hours × Overhead Rate)

= 80 + 30 + (3 × 5.3)

= 80.00 + 30.00 + 15.90

= $125.90

4 0
3 years ago
Document that prohibits sharing information with anyone else?
mamaluj [8]

Answer:

RODO (GDPR) – Rozporządzenie o Ochronie Danych Osobowych.

Explanation:

Celem regulacji jest zapewnienie swobodnego przepływu danych osobowy ch pomiędzy państwami członkowskimi, ale także wprowadzenie zasad, zgodnie z którymi przetwarzanie danych osobowych będzie ujednolicone na terenie cał.ej Unii Europejs..kiej

7 0
2 years ago
Paulina Lesky is 27 years old and has accumulated $7,500 in her self-directed defined contribution pension plan. Each year she c
zimovet [89]

Answer:

The answer is "Option D".

Explanation:

The amount accrued in the pension system until now = 7500

Danger or security account proportion = 20 \%

The percentage of the amount kept in a safe account (PV) = 7500\times 20\% = 1500\%

Number of investment years owned by (n)=63-27=36

Risk-free return rate I = 3\%

Combined total amount up to age 63 (formula for the current value) = Present \ value\times (1+i)^n

=1500\times (1+3\%)^{36}\\\\=4347.417492

The contribution is \$2000 a year and the employer corresponds with the same amount for the pension plan.

Total annual contribution = 2000+2000 = 4000

Risk-free or healthy account proportion= 20\%

Amount invested annually (P) = 4000\times 20\% = 800 \ (Risk \ free)

Annual deposit amount (n) for years=63-27 =36

Returns free of risk I = 3\%

An cumulative sum due to an annuity= P\times \frac{(((1+i)^n)-1)}{i}

=800\times \frac{(((1+3\%)^{36})-1)}{3\%}\\\\=50620.75541

Total amount accumulated in safe account = FV\  of \ PV + FV of annuity

=4347.417492+50620.75541\\\\=54968.1729\\\\=54968

6 0
3 years ago
In witch part of a professional email should you try to be brief, but highly descriptive?
oksian1 [2.3K]
I would think the subject/header line of a professional email needs to be very brief and highly descriptive.

Hope this helps!  :)
8 0
3 years ago
All About Animals has two product​ lines: Cat food and Dog food. Contribution margin income statement data for the most recent y
Tju [1.3M]

Answer:

B. Decrease $19,000

Explanation:

The computation of the amount affect the operating income is shown below

But before that first we need to find the new operating income

Total operating income for Cat Food  $280,000

Less: Fixed costs for Dog Food           ($52000)

Add: rented per year                             $26000

New net operating income                  $254000

Now decrease in net operating income is

= operating income - new operating income

= $273,000 - $254,000

= $19,000

3 0
2 years ago
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