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Fofino [41]
2 years ago
13

On January 1, 2019, Tonika Company issued a four-year, $10,800, 7% bond. The interest is payable annually each December 31. The

issue price was $10,068 based on an 8% effective interest rate. Tonika uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, what is journal entries correctly records the 2019 interest expense?
Business
1 answer:
den301095 [7]2 years ago
8 0

Answer:

Dr Interest Expense $805.44

Cr Cash $756

Cr Discount amortization $49.44

Explanation:

Preparation of the journal entries to correctly records the 2019 interest expense

Based on the information given the journal entries to correctly records the 2019 interest expense will be :

Dr Interest Expense $805.44

($10,068 * .08)

Cr Cash $756

($10,800 * .07)

Cr Discount amortization $49.44

($805.44-$756)

(To record Interest Expense)

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Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a
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Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, b
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Answer:

True

Explanation:

Critical-Chain

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The production possibilities curve is bowed out (curve) because
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7 0
2 years ago
Read 2 more answers
Three contractors (call them a, b, and
patriot [66]

Answer:  The probabilities of winning a contract are

P(A) = \frac{28}{36}  

P(B) = \frac{7}{36}  

P(C) = \frac{1}{36}


Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X'     and

Probability of A winning the contract - P(A) will be \mathbf{P(A) = 4 * P(B) = 4*7X = 28X}

Since the total of all the probabilities is 1,

\mathbf{P(A) + P(B) + P(C) =1}

\mathbf{28X + 7X + X =1}

\mathbf{36X =1}

\mathbf{X =\frac{1}{36}}

So,

P(A) = \frac{28}{36}

P(B) = \frac{7}{36}

P(C) = \frac{1}{36}

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3 years ago
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