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nikitadnepr [17]
2 years ago
12

On january 1st year 1, a company issues $410,000 of 7% bonds

Business
1 answer:
storchak [24]2 years ago
3 0

Answer:

The appropriate journal entries to record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 are:

White Water journal entries

1-Jan-21

Debit Cash $382,141

Credit Discount on Bonds Payable $27,859

($410,000-$382,141)

Credit Bonds payable  $ 410,000

30-Jun

Debit Interest Expenses $ 15,286

($382,141 x 8%/2)  

Debit Discount on Bonds Payable $736

Credit Cash $14,350

($410,000 x 7%/2)  

31-Dec

Debit Interest Expenses $15,315.08

[($382,141 + 736) x 8%/2]

Credit Discount on Bonds Payable $965.08

($15,315.08-$14,350)

Credit Cash $14,350

($410,000 x 7%/2)

yo

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<h3>What is a deficit in current account?</h3>

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For personal finance course
tino4ka555 [31]
.E) This would be the correct answer
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3 years ago
1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,400, the
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Answer:

a. Income before advertising budget increase:

= Contribution margin - Fixed costs

= (38 * 3,600) - 79,000

= $57,800

Income after advertising budget increases:

= Sales - Variable expenses - Fixed expenses

Sales = (3,600 + 100 units) * 95 per unit

= $351,500

Variable expenses = 60% * 351,500

= $210,900

Fixed expenses = 79,000 + 8,400 advertising

= $87,400

Income = 351,500 - 210,900 - 87,400

= $53,200

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5 0
3 years ago
You deposit $509 in a savings account and one year later you have $562. At the same time, the CPI increases from 126 to 143. Wha
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Answer:

real interest rate = -3.08%

Explanation:

real interest rate = nominal rate - inflation rate

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real interest rate = 10.41% - 13.49% = -3.08%

since the real interest rate is negative, the investor actually lost money in real dollars. This means that the amount of goods that the investor could purchase before making the investment is higher than the amount of goods he/she will be able to buy after the investment.

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