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Free_Kalibri [48]
2 years ago
12

What happens when the government runs out of money?

Business
2 answers:
DanielleElmas [232]2 years ago
6 0

no one will get paid any money

dedylja [7]2 years ago
3 0

Answer:

cdtdtuky ue ysruosixsyxsiysc

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On January 1, 2016, Parker Company issued bonds with a face value of $62,000, a stated rate of interest of 11 percent, and a fiv
nignag [31]

Answer:

Parker Company

a. Amortization Table

Date                                                 Interest        Discount

                            Cash Payment   Expense   Amortization   Carrying Value

January 1, 2016                                                                            $57,639

December 31, 2016    $6,820         $7,493           $673               58,312

December 31, 2017      6,820            7,581               761              59,073

December 31, 2018      6,820           7,679              859             59,932

December 31, 2019     6,820            7,791               971              60,903

December 31, 2020    6,820            7,917            1,097             62,000

b. The carrying value that would appear on the 2019 balance sheet is:

= $60,903.

c. The interest expense that would appear on the 2019 income statement is:

= $7,791.

d. The amount of cash outflow for interest that would appear in the operating activities section of the 2019 statement of cash flows is:

= $6,820.

Explanation:

a) Data and Calculations:

Face value of bonds =      $62,000

Proceeds from the issue = 57,639

Bonds discount =                $4,361

Stated rate of interest = 11% paid annually on December 31

Effective rate of interest = 13%

December 31, 2016:

Interest expense =      $7,493 ($57,639 * 13%)

Interest payable =       $6,820 ($62,000 * 11%)

Discount amortization    $673 ($7,493 - $6,820)

Bond value = $58,312 ($57,639 + $672)

December 31, 2017:

Interest expense =     $7,581 ($58,312 * 13%)

Interest payable        $6,820 ($62,000 * 11%)

Discount amortization   $761 ($7,581 - $6,820)

Bond value = $59,073  ($58,312 + $761)

December 31, 2018:

Interest expense =     $7,679 ($59,073 * 13%)

Interest payable        $6,820 ($62,000 * 11%)

Discount amortization $859 ($7,679 - $6,820)

Bond value = $59,932 ($59,073 + $859)

December 31, 2019:

Interest expense =     $7,791 ($59,932 * 13%)

Interest payable        $6,820 ($62,000 * 11%)

Discount amortization  $971 ($7,791 - $6,820)

Bond value = $60,903 ($59,932 + $971)

December 31, 2020:

Interest expense =         $7,917 ($60,903 * 13%)

Interest payable           $6,820 ($62,000 * 11%)

Discount amortization  $1,097 ($7,917 - $6,820)

Bond value = $62,000 ($60,903 + $1,097)

3 0
3 years ago
VitaLive has authorized the development of a video game based on new technology. Which of the following is an example of a risk
ANEK [815]

Answer:

Answer:jannwow0eouehehevhehehehehoepwowow

Answer:jannwow0eouehehevhehehehehoepwowowExplanation:

  1. Answer:jannwow0eouehehevhehehehehoepwowowExplanation:ok sjosowkbwvehdis9oq0q002o2h2bevvevevdgdghshshwhwjwiwiiw9w91929287373747r6r6fychxnznnakakww
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3 years ago
John Hamilton narrowed $500.000 from stone creek bank to open a new restaurant called sauce it up. John transferred $450,000 of
Ksenya-84 [330]

Answer:

C) three reporting entities

Explanation:

A reporting entity is the same as an accounting entity, and it refers to a business or individual that must keep ts own accounting records. The entity must engage in separate activities and have separate obligations than other entities.

In this case:

  1. the Stone Creek Bank is one entity that borrowed $500,000
  2. John Hamilton is another entity because he borrowed money from the bank and is responsible for paying it back
  3. Sauce It Up restaurant is another entity that was created by John Hamilton, and received $450,000

8 0
3 years ago
_____ was withheld specifically for the tax that is used to pay for a healthcare program.
Neporo4naja [7]

Answer: First : 612.65$

second :   2567.45$

Third : Increase

Explanation: i did this by self its surity

7 0
3 years ago
PLS HELP ME :(
Contact [7]

Answer:

im pretty sure it would be A

Explanation:

4 0
2 years ago
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