On January 1, 2018, West Company purchased $600,000 of 6%, 5-year bonds, as an available-for-sale security, with interest payabl
e on July 1 and January 1. The bonds sell for $623,625, which results in a premium of $23,625 and an effective interest of 4%.
Required:
a. Prepare the journal entry on January 1, 2018.
Required:
a. Prepare the journal entry on January 1, 2018.
1 answer:
You might be interested in
Answer:
The monthly payment will be for 259.35
Explanation:
we will calculate the couta for an ordinary annuity of 30 years at 4% discount rate
PV $180,000.00
time 360 (30 years x 12 months per year)
rate 4% divided into 12 months: 0.003333333
C $ 259.348
Answer:
6.4 minutes
Explanation:
Average small tool per day = 445
working hours = 8 so that is 8*60 = (480 minutes)
Waiting time =
(image of the operation on the attach file)
=[445]/[(2*35)]
=445/70
=6.357 minutes
