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iren2701 [21]
3 years ago
9

A ten-year $2,000,000 bond is issued on January 1, 20xx with a 5% stated interest rated. Interest is paid semiannually on June 3

0 and December 31st. What is the amount that would be recorded as interest expense on June 30, 20xx (the first interest payment), assuming that no interest expense has been recorded since the bond was issued on January 1st
Business
1 answer:
ExtremeBDS [4]3 years ago
7 0

Answer:

the amount of interest expense as on June 30 is $50,000

Explanation:

The computation of the amount of interest expense as on June 30 is shown below

= Bond amount × rate of interest × number of months ÷ total number of months

= $2,000,000 × 5 months × 6 months ÷ 12 months

= $50,000

hence, the amount of interest expense as on June 30 is $50,000

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

And, the same is to be considered

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garik1379 [7]

Answer:

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Explanation:

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A net worth statement, financial goals, and a budget are all part of a _____.
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Assume that Germany and China can produce beer and cloth. If the MPLc/MPLb for Germany is 2/5 and the MPLc/MPLb for China is 1,
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Answer: c. specialize in producing beer and export beer.

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As per the Theory of Competitive Advantage posited by David Ricardo, a country should specialize in the good that it has a competitive advantage in. A country has a competitive advantage if it incurs a less opportunity cost in producing the good.

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A focused low-cost strategy
melamori03 [73]

Answer:

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