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Cloud [144]
3 years ago
12

On January 1 of the current year, the Barton Corporation issued 12% bonds with a face value of $88,000. The bonds are sold for $

85,360. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is a.$2,640 b.$11,088 c.$10,560 d.$880
Business
1 answer:
gogolik [260]3 years ago
6 0

Answer:

b.$11,088

Explanation:

The computation of the interest expense is shown below

= Cash interest + discount amortized

= ($88,000 × 12%) + ($88,000 - $85,360) ÷ 5 years

= $10,560 + $528

= $11,088

Hence, the interest expense is $11,088

Therefore the correct option is b.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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Sommer, Inc., is considering a project that will result in initial aftertax cash savings of $2.3 million at the end of the first
Anuta_ua [19.1K]

Answer:

the maximum initial cost is 25.62674095 million

Explanation:

The computation of the maximum initial cost of the company is shown below:

But before that the discount rate is

= 0.6 ÷ 1.6 × 4.6% + 1 ÷ 1.6 × 10% + 3%

= 10.9750%

Now Maximum initial cost is

=2.3 ÷ (10.975% - 2%)

= 25.62674095 million

Hence, the maximum initial cost is 25.62674095 million

6 0
3 years ago
You work for a marketing consulting firm. The company has hired two interns for the summer. You have been appointed to mentor Hi
muminat

Answer:

A, B & D

Resist humor and sarcasm.

Be concise

Care about tone.

Explanation:

E-mail tips to give a new intern should be to resist humor and sarcasm, be concise and care about the tone of the email.

5 0
3 years ago
How does the use of new technology in industry benefit consumers more so than producers?
Lilit [14]

Answer:

B: Consumers have greater access to information.

Explanation:

Technological development impacts several areas of current life, fostered by the digital revolution. This has also made communication processes and interpersonal relationships faster and automated.

In organizations, the use of technology makes companies more competitive and innovative.

Other importance of technology are:

It makes processes seamless

It increase data processing

Provide support for important decisions.

Hence, the use of new technology in industry benefit consumers such that consumers have greater access to information

therefore answer is b                    

6 0
2 years ago
Which of the following is true about completing application forms?
Zanzabum
<span>A.
Making a copy of the application form makes it easier to complete the drafting and editing stages of the writing process.</span>
7 0
3 years ago
Zenovo Inc. is an electronics company based in the country of Linx. Zenovo has manufacturing facilities in four other countries
miv72 [106K]

Answer: global standardization.

Explanation: this is a strategy that is used across countries. It is a strategy that adopts to the various culture, demography, race, etc of the particular country that it is located. Different countries and different strategies adopted to suit it but in all, same brand. Works like a chameleon. Or should we say 'business chameleon'

4 0
3 years ago
Read 2 more answers
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