Answer:
d. $19,200
Explanation:
Turner Company issued $300,000 of 6%, 5-year bonds at 98. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?.
=($300,000 x 6% plus $6,000/5)
Therefore the correct answer is d)$19,200
Answer:
Follows are the solution to this question:
Explanation:
Please find the complete question in the attached file:
For the 1st question:
For the 2nd question:
Assets 72259, before the last payment, differs from the fixed amount of 26000, where it indicates the residual value.
For the 3rd question:
The existing annual rate of interest=
For the 4th question:
For the 5th question:
For the 6th question:
For the 7th question:
For the 8th question:
Answer:
$3,800
Explanation:
The computation of cost of the ending inventory is shown below:-
Unit Rate Total
January 2 $120 $240
February 4 $130 $520
May 6 $140 $840
September 4 $150 $600
November 10 $160 $1600
Total Units 26 $3,800
So, by the above computation we simply multiply every unit with rate.Therefore the cost of ending inventory is $3,800
Answer:
11.7%
Explanation:
Calculation to determine What were the dollar-weighted rates of return
Dollar-weighted rates of return=$500,000 + $500,000/(1 + r)
Dollar-weighted rates of return= $75,000/(1 + r) + [($500,000+500,000)+(10%*$500,000+$500,000)]/(1 + r)^2
Dollar-weighted rates of return= $75,000/(1 + r) + $1,100,000/(1 + r)^2
Dollar-weighted rates of return= 11.7%;
Therefore The Dollar-weighted rates of return is 11.7%