subject
Business, 27.11.2019 04:31 ajcain5597

Amortize premium by interest methodshunda corporation wholesales parts to appliance manufacturers. on january 1, shunda issued $30,000,000 of five-year, 10% bonds at a market (effective) interest rate of 8%, receiving cash of $32,433,150. interest is payable semiannually. shunda’s fiscal year begins on january 1. the company uses the interest method. a. journalize the entries to record the following: 1. sale of the bonds. round to the nearest dollar. if an amount box does not require an entry, leave it blank.2. first semiannual interest payment, including amortization of premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.3. second semiannual interest payment, including amortization of premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank. b. determine the bond interest expense for the first year. round to the nearest dollar. annual interest paid $less premium amortized interest expense for first year

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 13:50
Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.
Answers: 3
question
Business, 22.06.2019 19:00
The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?
Answers: 1
question
Business, 22.06.2019 19:00
The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?
Answers: 2
question
Business, 22.06.2019 20:10
While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.
Answers: 2
You know the right answer?
Amortize premium by interest methodshunda corporation wholesales parts to appliance manufacturers. o...
Questions
question
Chemistry, 08.07.2019 11:00
question
English, 08.07.2019 11:00
Questions on the website: 13722362