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kodGreya [7K]
2 years ago
13

A corporation issues $92,000, 8%, 5-year bonds on January 1, for $96,140. Interest is paid semiannually on January 1 and July 1.

If the corporation uses the straight-line method of amortization of bond premium, determine the amount of bond interest expense to be recognized on July 1.
Business
1 answer:
PilotLPTM [1.2K]2 years ago
5 0

Answer:

$3,266

Explanation:

First we must calculate the total amount received as bond premium:

$96,140 - $92,000 = $4,140

This should be amortized over 10 periods (= 5 years x 2 semiannual payments), so we must amortize $414 per period.

The coupon that the company pays = $92,000 x 8% x 1/2 = $3,680

So the interest to be recognized is = $3,680 - $414 = $3,266

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Stickley furniture
solniwko [45]

Answer:

1. Repetitive and continuous

2. Call

3. How, what, and when

4. Material problem

Explanation:

The work of Stickley furniture is described as repetitive and continuous. This is because, the company will continue to be producing the same kind of furniture continuous, This will be so because, furniture have a limited number of make. For example, furniture are chairs, tables, cabinet, stool and shelf. These things will be continually produced by the company.

The company will be able to keep track of job status and location through call.

Meanwhile, when the company received an order. The questions they will ask are, what type of furniture they want? When they want it?, How they want it delivered, is it in batches? Where they want it delivered?

7 0
2 years ago
________ and currency risks are to key country success factors as land costs and ________ are to key region success factors. Lab
Ivahew [28]

Answer:

A.Labor​ cost; proximity to customers

Explanation:

The key country success factors would be responsible for the country success i.e. labor cost and for the factors related to region success is the customer proximity i.e to become important for business success

Therefore the correct answer is labor cost and the customer proximity

Hence all the other options are incorrect

8 0
2 years ago
Joshua bought a commercial truck for his business’s operations in 2010. It cost him $30,000. Every year, its value has diminishe
bagirrra123 [75]
D. Market Value Account
6 0
2 years ago
Read 2 more answers
The Walking Dead Co. provides services on-account and in exchange for cash. All general ledger accounts are adjusted monthly. Fo
dolphi86 [110]

Answer:

See below

Explanation:

Given that,

Accounts receivables :

Beginning balance 1 September = $22,400

Services on account = $45,000

Cash collected = $34,400

Written off accounts = $2,000

Allowance for doubtful accounts:

Beginning balance 1 September = $4,400

Adjusted balance for Allowance for doubtful accounts on 30th September

= Beginning balance 1 September - Written off accounts + Bad debt expense

= $4,400 + $2,000 + ($45,000 × 8%)

= $4,400 + $2,000 + $3,600

= $6,000

6 0
2 years ago
Compton Associates is an architectural firm that has been in practice only a few years. Because it is a relatively new firm, the
Deffense [45]

Answer:

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Explanation:

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