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Elden [556K]
3 years ago
8

On January 1, 2017, Banek Inc. issued $350,000 of 8%, 9-year bonds for $309,086, which implies a market (yield) rate of 10%. Sem

iannual interest is payable on June 30 and December 31 of each year. a.Show computations to confirm the bond issue price. b.Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual inter- est payment and discount amortization on June 30, 2017, and (3) semiannual interest payment and discount amortization on December 31, 2017.
Business
1 answer:
Kamila [148]3 years ago
5 0
I’m depressed :((((
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As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 20% of Nursery Supplies Inc
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Answer:

Nursery Supplies at year-end 76,000,000

Gain on investment 12,000,000

Explanation:

Considering is considered a long-term investment for Florists International and the percentage of owership is significant we use equity method.

value of the investment at year end:

begining 67,000,000

income 60,000,000 x 20% = 12,000,000

cash dividends 10,000,000 shares x 1.5 x 20% = (3,000,000)

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So if I ask a question does it take away my points or does it just get points from somewhere else and give it to you guys?? And
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Gather secondary data by reading what others have experienced and observed. You should begin nearly every research project by re
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An Index is used to identify references, key words or paragraphs, abstracts so also articles from different sources.

6 0
3 years ago
Credit terms are terms for a.when payments for merchandise are to be made with cash. b.when the payments for merchandise are to
tatiyna

Answer: b.when the payments for merchandise are to be made.

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Credit terms refers to the payment terms which are mentioned on the invoice when a good is bought.

Credit terms are terms for when payments for merchandise are to be made. Credit Terms are made during sales on account. The credit term shows the discount rate tahts offered to the costumer and the time limit that the creditor is expected to pay.

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3 years ago
The model of competitive markets relies on these three core assumptions:
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Answer:

The three scenarios describe a competitive market.

Explanation:

1) In the competitive market buyers and sellers are price takers, this means that there are many producers and consumers and none of them are able to intervene in price and market. Price is given, ie price is determined by interaction in the market. 2) The products are identical. That is, no company will make a profit due to differentiated products. In perfect competition, companies produce identical products, and the consumer is indifferent to the product characteristics of each company. 3) There is free entry and exit of companies and factors of production, ie there is no cost to enter and exit any sector. This means that factors can migrate from one sector to another without incurring costs, meaning there are no barriers to entry and exit from any sector.

Thus, from items 1 and 2, consumers and buyers are price takers, that is, they cannot influence the price determined by the market. Item 3 is about achieving zero profit or normal long-term profit. This is because the free entry and exit of companies avoids extraordinary profits by encouraging companies to migrate to sectors that earn higher profits in the short term. Thus, in perfect competition, compa

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