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Bess [88]
3 years ago
13

On January 1, 2020, Crane Company sold to Blossom Company $740000 of its 8% bonds for $655119 to yield 11%. Interest is payable

semiannually on January 1 and July 1. What amount should Crane report as interest expense for the six months ended June 30, 2020? a) $36032 b) $26205 c) $40700 d) $29600
Business
1 answer:
soldi70 [24.7K]3 years ago
4 0

Answer:

a) $36032

Explanation:

The computation of the interest expense reported is shown below:

= BOnd value × rate of interest × given months ÷ total months

= $655,119 × 11% × 6 months ÷ 12 months

= $36,032

Hence, the amount that should be reported as interest expense is $36,032

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Answer:

The following are those which helps in playing a key role in helping organizations to achieve their goals:

O. Computers can be used by people at all levels of an organization.

O. Workers use information systems to produce and manipulate information.

O. Managers depend on information systems to supply data that is essential for long-term planning and short-term tactical planning.

O. A decision system helps workers and managers make non-routine decisions by constructing decision models that include data collected from internal and external sources.

O.  A(n) engine evaluates the facts and rules to produce answers to questions posed to the system.

O. Using a technique called logic, these systems can deal with imprecise data and problems that have more than one solution.

Explanation:

8 0
3 years ago
Why is it so important that managers, and people in general, should act ethically and temper their pursuit of self-interest by c
kari74 [83]

Explanation:

A leader has an essential role in an organization, through his conduct his subordinates are encouraged, motivated and can become more or less productive.

Therefore, ethical conduct is essential for managers and all people who make up an organization, as ethics and behaviors for the benefit of the community will make the work environment more positive and an organizational culture focused on development, good attitudes and collaboration, essential elements for the creation of value in an organization, for the good positioning in the internal and external environment and for the motivation and satisfaction of the employees.

5 0
3 years ago
Economics is A. the study of how unlimited resources are allocated to satisfy limited wants. B. the study of how limited resourc
Lera25 [3.4K]

Answer:

B. the study of how limited resources are allocated to satisfy unlimited wants

Explanation:

According to Professor Lord Robbins, Economics is social science which studies human behavior in relation to ends and scarce means. Economics is the study of how humans allocate limited resources to satisfy unlimited wants.

Human wants are unlimited whereas the resources available to satisfy those wants are limited and as such a  scale of preference would be drawn to determine what wants are to be satisfied first.

Therefore, the right option is B. the study of how limited resources are allocated to satisfy unlimited wants.

5 0
3 years ago
Which of the following statements is true? A) To be more conservative in planning for an individual's retirement, decrease the i
SVETLANKA909090 [29]

Answer:

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8 0
4 years ago
From the following list, identify those that are likely to serve as source documents.
Flura [38]

Answer:

Telephone bill

Sales ticket

Invoice from supplier

Bank statement

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Explanation:

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3 years ago
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