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Arlecino [84]
3 years ago
5

Kimble Electronics issued its 6%, 20-year bonds payable at a price of $855,000 (face value is $900,000). The company uses the st

raight-line amortization method for the bond discount or premium. Interest expense for the first year is:
Business
1 answer:
il63 [147K]3 years ago
6 0

Interest expense for the first year is: $56,250

Solution:

Kimble Electronics issued = 6%, 20-year bonds payable

The corporation follows the straight-line amortization approach for the discount or premium on debt.

$900,000 - $855,000= $45,000

$45,000/20 years= $2,250 per year

$900,000 * 0.06 = $54,000

$2,250 + $54,000 = $56,250 interest expense.

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ELEN [110]

One reason there is a need for integrated marketing communications is that consumers​ don't distinguish between content sources the way marketers do.

Explanation:

Integrated messaging in marketing is a simple concept. This guarantees the diligent relation of all forms of communication and communications. Integrated marketing communications, or IMC, as we will term it, at its fundamental level, involves combining all promotional instruments in a harmonious fashion.

For example, an IMC is used to convey campaign messages through various channels. This increases the efficiency of activities used to turn foreigners into prospects and customers.

6 0
2 years ago
Molteni Motors Inc. recently reported $3.5 million of net income. Its EBIT was $5.25 million, and its tax rate was 30%. What was
Hatshy [7]

Answer:

$250,000

Explanation:

The computation of the interest expense is shown below:

Given that

Net Income = $3,500,000

Tax rate = 30%

EBIT = $5,250,000

As we know that

EBT = EBIT - Interest Expense

So,

Interest expense = EBIT - EBT

where,

EBT = Net Income ÷ (1 -Taxes)

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So, the interest expense is

= $5,250,000 - $5,000,000

= $250,000

We simply applied the above formula

7 0
3 years ago
Evaluate Microsoft’s product and marketing evolution over the years. What has the company done well, and where did it falter?
OverLord2011 [107]

Explanation:

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Its success and reputation have ensured the company the position of the most valuable company in the world by market capital.

The popularization of the Windows Operating System, worldwide, was the product that consolidated the company as a giant in the business world. Technological companies, should focus on innovation, as each day more advances in technology appear to correct possible system errors, make the user's performance and use better and make production costs cheaper. With regard to the Operating System for computers, Microsoft has always evolved in launching new, more evolved versions, and making the previous ones obsolete for use, but one of the company's failures was to have lost the timing to develop an OS aimed at the use in cell phones, since that the company tried to enter this market, but was unsuccessful, and was defeated by its biggest competitors: Google and Apple.

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2 years ago
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