A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, after the bond interest was paid and after 40% of the premium had been amortized, the corporation called the bonds at $990,000. The gain or loss on this retirement is:

Answers

Answer 1

Answer:

$22,000 gain

Explanation:

Calculation for the gain or loss on this retirement

Using this formula

Carrying value of bonds = Par value + Unamortized premium - Retirement purchased price

Let plug in the formula

Carrying value of bonds =$1,000,000+(100%-40%*$20,000)-$990,000

Carrying value of bonds =$1,000,000+(60%*$20,000)-$990,000

Carrying value of bonds =$1,000,000+$12,000-$990,000

Carrying value of bonds =$22,000 gain

Therefore the gain on this retirement is:$22,000 gain


Related Questions

Drag the tiles to the correct boxes to complete the pairs.
Match each term to its description.
Tiles
1) depreciation
2) floating exchange rate
3) appreciation
4) fixed exchange rate
5) managed exchange rate

Pairs
an exchange rate system in which the central bank fixes the value of its currency to another currency

what happens to a currency If demand for a country's goods increases

a hybrid exchange rate system in which the currency
value floats within a limited range of values

decrease in the value of a currency in relation to another currency

an exchange rate system in which the value is set by supply and demand for the currency in the free market

Answers

Answer:

See photo

Explanation:

1. Depreciation - decrease in the value of a currency in relation to another currency.

2. Floating exchange rate - an exchange rate system in which the value is set by supply and demand for the currency in the free market.

3. Appreciation - what happens to a currency if demand for a country's goods increases.

4. Fixed exchange rate - an exchange rate system in which the central bank fixes the value of its currency to another currency.

5. Managed exchange rate - a hybrid exchange rate system in which the currency value floats within a limited range of values.

What is depreciation?

Depreciation refers to the monetary value of an asset which decreases over time. The decrease may be caused by a number of other factors as well such as unfavorable market conditions etc.

What is the floating exchange rate?

A floating exchange rate is an exchange rate system where a country’s currency price is determined by the foreign exchange market, depending on the relative supply and demand of other currencies.

What is Fixed exchange rate?

A fixed exchange rate is an exchange rate where the currency of one country is linked to the currency of another country or a commonly traded commodity like gold or oil. Nowadays, countries usually link their currencies to their trading partners like the United States dollar.

What is Managed exchange rate?

Under the managed exchange rate system, the exchange rate is predominantly determined in the foreign exchange market by supply of and demand for a currency.

Hence, the answer was given and explained above.

To learn more about exchange rate system here:

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The bank paid $6.45 in interest income to the company. On a bank reconciliation, this would be shown as a(n)
A. decrease in the ledger cash account balance (book balance)
B. decrease in the bank account balance
C. increase in the bank account balance
D. increase in the ledger cash account balance (book balance)

Answers

Answer:

D. increase in the ledger cash account balance (book balance)

Explanation:

The $6.45 paid by the customer represents an income to the customer. It is interest earned by the company. The amount is reflecting on the customer bank statement. It means the customer's bank balance is more by $6.75 compared to the books balance. To reconcile the accounts, this amount should be added to the customer's ledger to increase the book's balance.

Swifty Company took a physical inventory on December 31 and determined that goods costing $170,000 were on hand. Not included in the physical count were $20,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $18,000 of goods sold to Alvarez Company for $26,000 FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Swifty report as its December 31 inventory

Answers

Answer:

December 31 inventory = $208,000

Explanation:

Given:

Goods costing = $170,000

Goods purchased = $20,000

Goods sold = $18,000 for $26,000

Computation:

December 31 inventory = $170,000 + $20,000 + $18,000

December 31 inventory = $208,000

A one-acre parcel was listed for sale based on a price of $1.95 per square foot. What was the asking price of the parcel

Answers

Answer:

$84,942

Explanation:

Calculation for the asking price of the parcel

Using this formula

Parcel asking price=Acre square feet×Price per square foot

(Note that An acre is 43,560 square feet)

Let plug in the formula

Parcel asking price=43,560 x $1.95

Parcel asking price= $84,942

Therefore the asking price of the parcel will be $84,942

If the Fed increases its open market purchases of government securities, it exerts a downward pressure on real interest rates. Such a phenomenon is usually referred to as the ______________________ effect.

Answers

Answer:

Liquidity Effect

Explanation:

The liquidity effect is one of the resulting outcomes of the government policies which increases money in the economy system. However, the liquidity effect is the cause of the reduction in the real interest rates.

Therefore, If the Fed increases its open market purchases of government securities, it exerts downward pressure on real interest rates. This situation is commonly referred to as LIQUIDITY EFFECT.

Media richness refers toa. a message's impact on the company's bottom lineb. how much a communication channel costs the company to usec. the extent to which a channel represents all of the information availabled. the receiver's actions upon receiving the message

Answers

Answer: c. the extent to which a channel represents all of the information available

Explanation:

Media richness is when a communication media is able to pass across a rich messages. We should note that the characteristics of richness has to do with the amount of feedback, language variety, and social cues, that is passed to a communicative partner.

Media richness has to do with the amount of information that is transmitted through a particular communications channel.

Under the Uniform Securities Act, a registration statement of an issuer must contain all of the following information EXCEPT A) the current balance sheet and profit/loss statements B) the business of the issuer C) the identity of the officers and directors and the extent of their holdings in the issuer D) the names of all the owners of the company's stock

Answers

Answer:

D) the names of all the owners of the company's stock

Explanation:

According to the uniform securities act, the registration statement of an issuer have the following kind information

1. The current balance sheet and the profit & loss statement

2. The issuer business

3. The identity of the officer & direction and their holding

But it does not involve the owners name in the company stock

So, the same is to be considered

The development of the global economy is often called
a. globalization.

b. international trade.

c. multinational trade.

d. world trade.

Answers

Answer:

a. globalization.

Explanation:

Global economy refers to the viewing economies of all countries as a single economy. In recent years, economies of multiple countries are increasingly becoming interconnected and dependent on each other. Globalization describes the increased interactions and interdependence between multiple countries.

Advancement in technology and infrastructure development has facilitated the easy and faster movement of people, technology, ideas, goods, and services across borders. Consequently, international trade and social interactions have increased, making the world appear as one big economy. This connection between countries' economies is globalization.

Answer:

a. globalization

Explanation:

yeah ;p

Employers favor _____ because they are often capable of producing outcomes that surpass the efforts of individuals.
temporary workers
unions
teams
all of the above

Answers

Answer:

teams

Explanation:

A team comprises of individuals, each with their unique personalities. Teamwork is when team members willingly contribute their skills, ideas, and energy to the team. Employers prefer working with teams. They invest in teams to ensure teamwork develops.

Teamwork ensures collaboration in solving an organization's problems. Members brainstorm and arrive at the best solutions to challenges. Business opportunities are better utilized in teams. Members give divergent views providing ideas on how to maximize the opportunities. Teams bring out the creativity in employees, which is beneficial to the business.

Shareholders are selfless benefactors who are interested only in the growth of the business.
True
False

Answers

It’s false. Because

Answer:

true

Explanation:

Shareholders are interested in the growth of a company and how much they make off their profits.

Do you think selling to different market segments is the best way for a small business to respond to increased competition ? Justify your answer

Answers

Answer:

Since resources are limited and the products and services of a small firm are usually specialized, use of segmentation variables is more important for small firms than for large businessesExplain the difference between a multi-segment strategy and a single-segment strategy.

One year ago, ABC Widgets, Inc., funded an expansion to its manufacturing facilities by issuing a 20-year first mortgage bond. The bond is secured by the new building and land. The bond was issued with a 5.5% coupon and is currently rated Aa. The current market price of the bond is 105 resulting in a current yield of approximately A) 4.99%. B) 5.24%. C) 5.50%. D) 5.61%.

Answers

Answer:

Current yield = 0.05238 or 5.238% rounded off to 5.24%

option B is the correct answer

Explanation:

The current yield is the return on investment in form of interest or dividend expressed as a percentage of the current market value of the instrument. Thus the formula for current yield on a bond will be,

Current yield = Interest per year / Current market price

Assuming that the value of bond is 100. The interest or coupon payment on bond will be = 100 * 5.5% = $5.5 per annum

Current yield = 5.5 / 105 = 0.05238 or 5.238% rounded off to 5.24%

What is Rich Strozewski responsible for in his job? (Site 1)

Answers

Answer:

My job consists of controlling all day-to-day operations of the golf club, our alternative revenue outlets, and our personnel. Additionally, my responsibilities include all human resources decisions, P&L (profit and loss) development and execution, marketing, event sales and coordination, and capital improvement decision making.

Explanation:

Wait 5 minutes before submitting

The responsibilities of Rich Strozewski included:

Human resource decisions. Marketing. Event sales and coordination. Profit and loss development.

What does Rich Strozewski do at work?

Rich Strozewski has several duties that he needs to carry out in order to ensure the success of the company he works for.

He needs to be involved in human resource decisions and try to engage in profit and loss development activities such as marketing. He also coordinates events for the company.

Find out more on job responsibilities at https://brainly.com/question/20691149.

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What is his middle name??(ps it's not answered).

Answers

Answer: um I don’t know who you want for a middle name but are you talking about “Jonathan Charles Peters Johnson” I guess that what you want

Explanation: Hope this help ;)

Answer:

juan

Explanation:

Seo-hyeon doesn't like her current job. She has an interview at a new one. She is tempted to tell everyone what she dislikes about her current job at the interview. Is this a good idea? What should Seo-hyeon do?

Answers

Answer:

No it is not good idea.

Explanation:

In the context, Seo-hyeon is going to for an interview. Seo-hyeon is currently working in an office and is not happy working in her current office. She wants to leave her current job and is searching for other job. She has an interview and she is tempted to express her dislikes about her job at the interview.

But this is bad idea and the interviewee should never express her dislike about the job or never gossip about the his or her boss or never tell any bad things about one's previous employer. This is considered as a bad habit and is not taken wisely by the interviewer.

HELP ASAP PLS!!! Complete the following sentence.
A(n)____
is a schedule, outline, or summary of class topics and assignments.

Answers

A regimen with a schedule outline or summary of class topics and assignments

What is the author's main claim or argument?
Pizza is the best

Answers

i hate pizza. it’s grosssdd

Have a great day everybody

Answers

Answer:

Thanks. Have a great day!

Explanation:

You deserve to.

Answer:

i will thank you and you too :)

Explanation:

Healthy Life HQ10, a Health and wellbeing company, has both a website and an app. What are three reasons the company should consider implementing measurement solutions that connect web and app

Answers

Answer:

Among a lot of reasons , the three main reason why Healthy life HQ10 should connect web and app are as follows :

1. The connection will further boost mobile ROI ultimately.

2. Such connection will help to close the Smartphone Conversions sequence.

3. Such connection will offer a smartphone app that is smooth.

Which statement about credit and debit cards is NOT true? *
When you use a credit card, the money you spend comes out of your checking account immediately.
When you use a debit card, the money you spend comes out of your checking account
immediately.
Credit and debit cards can both be used to make purchases at most retailers.
You can use a credit card to spend more money than you have in your bank account.

Answers

Answer:

I believe that the the statement "you can use a credit card to spend more money than you have in your bank account" is false because a credit card takes out the money straight away, while a debit card sometimes waits to take out the money you used

Answer: D. It is harder for a thief to use your debit card.

Explanation:

Why do many companies find that providing employees a comprehensive benefits package that includes insurance, retirement investment and other benefits is worth the cost associated with these benefit packages?
Providing a strong benefits package reduces some of the stress most of us feel when it comes to paying for medical care, having enough money for retirement and other employer-sponsored benefits.
1. Few employers believe that offering employee benefits is a worthwhile or cost-effective strategy for attracting and retaining the best employees.
2. When employees use the company medical benefits package, they are forced to go to doctors and health providers selected by the company for their low-cost services.
3. When the employer offers health benefits but not accrued vacation hours, employees find that their health care options actually serve as vacation time as well.

Answers

Answer:

1. Few employers believe that offering employee benefits is a worthwhile or cost-effective strategy for attracting and retaining the best employees

Explanation:

Benefits or perks are added compensations alongside salaries and wages. They may be in monetary or non-monetary form. Most employers offer medical insurance, bonuses, overtime pay, shares purchasing schemes, allowances, vacations, and education fee programs as benefits to employees.

Benefits are a cost to employers. However, employers still find it appropriate to offer them to their employees. Benefits serve to attract and retain the best workers in the industry. Retaining the best workers increases productivity and boosts profits. It saves the company the costs associated with frequent recruiting and training of new workers.

If a country's economic growth rate is 4 percent a year, approximately how many years will it take to double its Real GDP

Answers

Answer:

17.5years

Explanation:

The rule of 70 is used to determine how long it would take for a number to double depending on its growth rate. This is calculated with the formula;

70/Annual rate of return(in percentage)

Since we have determined the annual growth rate of the country to be 4 percent a year, we can approximately determine how many years it ill take to double its real GDP with the formula;

70/4

= 17.5years

A partner sold a 25% interest in a partnership for $400,000 cash plus assumption of the partner's share of the partnership liabilities. The following additional information relates to the partnership activities: Partner's initial cash contribution $100,000 Partnership income during the partner's ownership time period 1,000,000 Partnership liabilities at date of sale 60,000 Partner's cash withdrawals 50,000 How much gain is recognized by the partner upon the sale of the partnership interest

Answers

Answer:

$100,000

Explanation:

the partner's basis:

initial contribution to partnership = $100,000

+ share of partnership's income = $1,000,000 x 25% = $250,000

- cash withdrawals made by partner = ($15,000)

total = $300,000

gain = consideration received - basis = $400,000 - $300,000 = $100,000

Thomas bought 25 shares of stock at $59.25 per share. He received
dividends of $74.06 at the end of one year and his stock price is now
$61.50. What is his ROI? *

Answers

Answer:

=8.8%

Explanation:

ROI  is return on investments. It is calculated by the formula below.

ROI = net gains/ invested capital x 100

net gains in this case will be

Dividends = $74.06

Appreciation in price = ($61.50 x 25) - ($59.25 x 25)

=$1,537.5 -  $1,481.25

=56.25

Total gain = $56.25 + $74.06

=$130.31

ROI = $130.31/1,481.25 x100

ROI= 0.087972 x 100

=8.79

=8.8%

Choose the correct definition of quotient. will give 40 pointtss pls help asap

The answer in a division problem.
The number that is divided in a division problem.
The number that’s left when the divisor doesn’t go into the dividend exactly.
The number that divides in a division problem.

Answers

ok but were are the words so that it can be match

Answer:

a result obtained by dividing one quantity by another.

Explanation: Basically dividing

Suppose that the economy is currently at point A and the unemployment rate at a is the natural rate what policy with the federal reserve pursue if it wanted the economy to move to point C in the long run

Answers

Answer: No policy will move the economy to point B in the long run.

Explanation:

The unemployment state which is natural has it effects on the economy of a state. For the economy to thrive there have to be involvement of labour where people are more employed to carry out operations, this is what would make any policy decided to move.

Explain any four managerial functions of an entrepreneur​

Answers

Answer:

Taking Initiative

Organizing Resources

Identifying Opportunities and Prospects

Risk-Taking

Decision Making

Technology Transfer and Adaptation

Innovation

Fostering Autonomy

Social Responsibility

Public Relations

Experience Sharing

Managerial Roles

Balanced Economic Developmen

Explanation:

explanations will be available soon hold on

Do you think this ad is effective? Why or why not? (1-5 sentences. 2.0 points)

Answers

Answer:

Where is the ad i am so confused

Explanation:

The aggregate demand curve would shift to the right as a result of A. tax increases. B. a drop in the price level. C. a drop in the foreign exchange value of the dollar. D. a decrease in the amount of money in circulation.

Answers

Answer:

. C) a drop in the foreign exchange value of the dollar.

Explanation:

An aggregate demand curve can be regarded as a curve that display total spending that is available

domestic goods/services with respect to their price level. the horizontal axis provide the real GDP while price level is displayed by vertical axis. It should be noted that The aggregate demand curve would shift to the right as a result a drop in the foreign exchange value of the dollar.

Reserves are funds set aside for emergencies, such as a rush of withdrawals. true or false

Answers

Answer:

true and False. not only that.

Explanation:

please do your research, also used for economic dis stress and so on. Hope I gave you a helping hand!

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