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saul85 [17]
2 years ago
13

On January 31, 2021, B Corp. issued $900,000 face value, 12% bonds for $900,000 cash. The bonds are dated December 31, 2020, and

mature on December 31, 2030. Interest will be paid semiannually on June 30 and December 31. What amount of accrued interest payable should B report in its September 30, 2021, balance sheet
Business
1 answer:
rosijanka [135]2 years ago
6 0

The amount of accrued interest payable should B report in its September 30, 2021, balance sheet is: $27,000.

<h3>Accrued interest payable</h3>

Using this formula

Accrued interest payable=(Face value×Bond percentage)/Number of months

Let plug in the formula

Accrued interest payable=($900,000×12%)/12×3 months

Accrued interest payable=$27,000

(July 01 to September 31=3 months)

Inconclusion the amount of accrued interest payable should B report in its September 30, 2021, balance sheet is: $27,000.

Learn more about accrued interest payable here:brainly.com/question/7289766

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6 0
3 years ago
Read 2 more answers
A completely new business solution to solve marine pollution (which is caused by climate change).
Vikentia [17]

A completely new business solution to solve marine pollution (which is caused by climate change is the production of a new organic material that can be used to clean marine bodies.

<h3>How will this organic material look like?</h3>

Chemicals and debris, the majority of which originates on land and is dumped or blown into the water, make up marine pollution. This pollution harms the ecosystem, the health of all living things, and global economic institutions.

Therefore, the organic material will be a combination of:

  • Oysters
  • Plants materials such as leaves, root or stems
  • Coconut, etc.

Note that by working on the materials above, one can create an organic material that when scattered or place on top of water bodies, it will make all the pollutant to float upward and then they can be taken out of the water and also it can be taken by man as food as it is organic and would not be harmful to the body.

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8 0
1 year ago
The existence of conflict has a positive side which can stimulate the following EXCEPT FOR:_________.
DedPeter [7]

Answer:

B) complacency.

Explanation:

Conflict can be defined as a state of misunderstanding or disagreement between two or more parties, as a result of breakdown in decision making. It is usually caused by factors such as dissent of beliefs, opinions, needs, values, resources, attitudes, ideologies, goals etc. It is generally perceived that conflict usually has a negative consequence.

However, the existence of conflict has a positive side which can stimulate the following innovation, change, creativity but not complacency because it connotes a negative effect of unsatisfaction.

7 0
3 years ago
A project has an initial cost of $6,900. The cash inflows are $850, $2,400, $3,100, and $4,100 over the next four years, respect
monitta

Answer:

Thus, payback period is = 3 years and 1.61 months

Explanation:

Payback period is the time it will take the project cash flows to recover the initial investment. The payback period for the project in question will be,

<u>Year</u>       <u>Cash flow</u>      <u>Remaining Amount</u>

1               850               (6900 - 850) = 6050

2              2400             (6050 - 2400) = 3650

3              3100              (3650 - 3100) = 550

As the year 4 cash flow is 4100, we know that the amount will be recovered in year 4. However, we will calculate the exact period or months in year 4 that it will take to recover total initial investment assuming that cashflow occurs at constant rate through out the year.

Time = 550 / 4100 * 12 = 1.61 months

Thus, payback period is = 3 years and 1.61 months

4 0
3 years ago
Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and round your final an
DENIUS [597]

Answer:

8.3/4= 2.075%

EAR= ((1+R)^4)-1

1.0275^4= 1.085-1

=8.5% is the EAR

17.3/12=1.441%

1.01441^12 -1=1.1873

EAR= 18.73%

13.3/365=0.0364%

1.000364^365=1.142

14.2%

For infinite compounding

EAR= E^rt

R= 10.3

t=1

E^10.3

=1.108

= 10.8%

Explanation:

8 0
3 years ago
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