1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
egoroff_w [7]
2 years ago
8

Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2021. The bonds sold for $331,364 and mature in

2040 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter during 2021 as determined by their market values in the over-the-counter market were the following:
March 31 $560,000
June 30 $540,000
September 30 $535,000
December 31 $542,000

General (risk-free) interest rates did not change during 2021.

Required:
a. By how much will Appling’s comprehensive income be increased or decreased by the bonds (ignoring taxes) in the March 31 quarterly financial statements?
b. By how much will Appling’s comprehensive income be increased or decreased by the bonds (ignoring taxes) in the June 30 quarterly financial statements?
c. By how much will Appling’s comprehensive income be increased or decreased by the bonds (ignoring taxes) in the September 30 quarterly financial statements?
d. By how much will Appling’s comprehensive income be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements?
Business
1 answer:
lyudmila [28]2 years ago
8 0

Answer:

sry I just wanted the points I'm in middle school so I don't know this stuff either but can you give free brainlyest I'm soo close to my next rank I'd really appreciate it if you would

You might be interested in
Once production is completed in all processing departments, production costs are transferred to ______.
Fed [463]
The answers is finished goods
5 0
2 years ago
Bob got a 30 year Fully Amortizing FRM for $1,500,000 at 4%, except with non-constant payments. For the first 2 years Bob will p
ikadub [295]

Answer:

$1,593,535.83

Explanation:

Future Value of mortgage determines the future value of a mortgage after payments have been made, at a regular frequency, charged a regular rate of interest, compounded at payment dates.

DATA

PV = $1,500,000

N = 24

r = 0.04/12

PMT = $1250

FV =?

Solution

PV = (PMT/r)*[1 – 1/(1 + r)^N] + FV/(1 + r)^N

1,500,000 = (1250/(0.04/12)) * (1 – 1/(1 + 0.04/12)^24) + FV/(1 + 0.04/12)^24

1,500,000 = 28785.31353687 + 0.92323916 FV

FV = (1,500,000 - 28785.31353687)/ 0.92323916

FV = $1,593,535.83

5 0
3 years ago
In a local​ market, the monthly price of internet access service decreases from ​$40 to ​$30​, and the total quantity of monthly
deff fn [24]

The answer is : The demand is elastic.

Elasticity =

[(80,000 - 180,000)/((80,000+180,000)/2)]/[($40 - $30)/(($40 + $30)/2)]|

[(-100,000/130,000)]/[(10/55)] = -.7692/.1818= -4.23

The answer is -4.23, however when considering own price elasticity of demand, we ignore the negative sign and look at the absolute value to determine whether it is elastic or inelastic.

5 0
3 years ago
Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
VikaD [51]

Answer:

$281,612

Explanation:

Plane Operating Cost = Fixed cost + (Variable cost per unit1 × q1) + (Variable cost per unit 2 × q2)

Plane Operating Cost = $40,190 + ($2709*88) + ($10 * 303)

Plane Operating Cost = $40,190 + $238,392 + $3,030

Plane Operating Cost = $281,612

So, the plane operating costs in the planning budget for August would be $281,612

6 0
3 years ago
Zohrina is a top manager at her current company. However, she is leaving the company for a better job at a competing firm. Which
TEA [102]

Answer:  

VOLUNTARY TURNOVER

Explanation:

Voluntary turnover refers to a kind of change that happens when workers choose to exit their jobs voluntarily. For a number of different reasons workers can choose to abandon the jobs. Workers may feel unhappy with their job or rewards, may be pursuing a new career or could have acknowledged another bid.

One way to mitigate the volunteer turnover would be to make some effort in the recruitment process to assess the "work match" or work appropriateness of a candidate for a given position. Employers will try to evaluate the probability that certain potential employees in current jobs would feel content and motivated.

8 0
3 years ago
Other questions:
  • How could Groupon use the concept of customer relationship management (CRM) to establish, develop, and maintain customer sales?
    9·1 answer
  • A high-profile consulting company chooses its new entry-level employees from a pool of recent college graduates using a five-ste
    12·1 answer
  • The following items were among those reported on Lee Co.'s Income Statement for the year ended December 31, 20x5:
    11·1 answer
  • Duprey Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,200 client-visits, but it
    15·1 answer
  • Jen's dad sends her to the grocery store for a few last-minute dinner items. jen repeats the list of 10 items as she walks to th
    7·1 answer
  • A strategic window results from the right combination of circumstances and timing, allowing a firm to take action to reach a par
    14·1 answer
  • An example of a population is all people who shop at Target while a sample is only those people who buy orange juice at Target.
    14·1 answer
  • Melanie's country has recently gone through a change in governance. The new government has enacted policies to reduce barriers t
    8·1 answer
  • Credit and debit
    14·2 answers
  • According to a recent study, nearly all business professionals expect an email response within Multiple choice question. 1 week.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!