Answer:
The journal entry for the interest payment is shown below:
Explanation:
Interest Expense A/c........................Dr $16,098
Premium on bonds payable A/c....Dr $952
To Cash A/c............................Cr $17,050
Working Note:
Interest expense = Bonds sale value × Market rate
= $321,964 × 5%
= $16,098
The market rate will be:
= 10 / 2
= 5%
Because it is paid semiannually, so rate is divided by 2.
Cash = Par value × Contract rate
= $310,000 × 5.5%
= $17,050
The contract rate will be:
= 11 / 2
= 5.5%
Because it is paid semiannually, so rate is divided by 2.
Answer:
Following are the solution to the given question:
Explanation:
Its information to respond to this query is not enough. A real income or losses shall get into relation to the gross income received by the donor by providing gifts 1 through 10 or net loss earned by the donor through gifts 11 to 20.
Answer:
D. the desire to have goods and services sooner rather than later (all other things being equal).
Explanation:
The time preference talks about the placing relative value on goods received at an earlier date compared with receiving that particular goods at a later date. It is the assumption that people prefer a given goods or services be delivered sooner rather than later all things being equal. It occurs when a person focus on having a good sooner rather than later.
<span>Applicants describe how they handled specific problems and situations in previous jobs in a(n) behavioral structured interview.</span>
Answer:
c
Explanation:
most are home businesses you can write off many things on taxes and have less overhead (bills and rent )
