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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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Natalka [10]

Answer:

14.6 %

Explanation:

Net assets value par share at the beginning of the year = $350 million / 14 million = $ 25

expense ratio = 1% = 0.01

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rate of return on fund = ( $ 26.4 - $25 + $ 2 + $ 0.25) / $ 25 × 100 = 14.6 %

4 0
3 years ago
Variable outcome probability price 1,500 0.3 350 0.7 yield (ton) 11 0.55 4 0.45 cost ($) 3500 0.25 7500 0.75 what is the net ret
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Variable outcome probability price 1,500 0.3 350 0.7 yield (ton) 11 0.55 4 0.45 cost ($) 3500 0.25 7500 0.75 0.412588 is the net return if price =350, yield = 11 and cost = 7,500

<h3>What is net return?</h3>

The overall rate of return on an investment before any fees, commissions, or expenses is known as the gross rate of return. A month, quarter, or year is used as the unit of measurement for the gross rate of return. In comparison, the net rate of return provides a more accurate assessment of return by excluding fees and costs.

A gross rate of return is the return on an investment before any costs or deductions.

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To learn more about net return from the given link:

brainly.com/question/20730692

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3 0
2 years ago
An electronic ________ is essentially a collection of personal computers networked together with sophisticated software tools to
Lorico [155]

Answer:

The correct answer is letter "E": meeting system.

Explanation:

An Electronic Meeting System (EMS) is a form of a networking-based group in which its members are connected through computers so they collectively can take decisions, solve problems, discuss over certain topics, and provide anonymous valuable feedback. EMS is used as a meeting platform for large entities with centralized decision-making but a presence in different regions around the world.

<em>EMS disadvantage is relying on different internet connections for the meeting. If one of them is not stable the meeting is likely to be interrupted frequently.</em>

3 0
4 years ago
Harold receives a life annuity from his qualified pension that pays him $5,000 remainder of his cost of the annuity. Which of th
arlik [135]

Answer:

The correct option for Harold to do after he has received the cost of the annuity is to include the entire amount of each annuity payment in gross income

Explanation:

As the cost of the annuity has been received by  Harold and whatever he is receiving afterwards is the income. Thus he will include the complete value in the gross income and the taxes will be calculated accordingly.

4 0
3 years ago
Lido Pizza purchased a new oven that cost $15,000 cash on January 2, 2016. The oven has an expected useful life of five years an
Reptile [31]

Answer:

$4,800

Explanation:

The computation of the  accumulated depreciation would Lidos report on the 2017 balance sheet is shown below:

= (Purchase value of new oven- estimated salvage value ) ÷ (expected useful life)

= ($15,000 - $3,000) ÷ (5 years)

= ($12,000) ÷ (5 years)  

= $2,400

Now for 2017, the accumulated depreciation is

= Depreciation expense × number of years

= $2,400 × 2 years

= $4,800

4 0
3 years ago
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