A company issues €20,000,000, 7.8%, 20 year bonds to yield 8% on January 1, 2022. Interest is paid on June 30 and January 1. The proceeds from the bonds are €19,604,145. Required: (Don not approximate the nunber and do not use a comma) 1. Prepare the journal entry to record the issuance of a bond on January 1, 2022.
2. Prepare the journal entry to record the interest payment on June 30, 2022
3. Prepare the journal entry to record the accrual of interest on December 31, 2022

Answers

Answer 1

Journal entry to record the issuance of the bond on January 1, 2022:Cash 19,604,145, Discount on Bonds Payable 395,855, Bonds Payable 20,000,000

Journal entry to record the issuance of the bond on January 1, 2022:

Cash 19,604,145

Discount on Bonds Payable 395,855

Bonds Payable 20,000,000

The bonds were issued at a discount, which means the proceeds from the bond issue are less than the face value of the bonds. The discount on bonds payable is calculated as the difference between the face value of the bonds and the proceeds from the bond issue (20,000,000 - 19,604,145 = 395,855).

Journal entry to record the interest payment on June 30, 2022:

Interest Expense 780,000

Cash 780,000

The bonds have a 7.8% annual coupon rate, which means that the company must pay €780,000 in interest expense every year, paid semiannually in two equal installments of €390,000. This journal entry records the payment of interest on June 30, 2022.

Journal entry to record the accrual of interest on December 31, 2022:

Interest Expense 811,872

Discount on Bonds Payable 31,872

Interest Payable 780,000

Interest expense must be accrued at the end of each period, even if no interest payment is made at that time. This journal entry records the accrual of interest expense for the period from June 30, 2022, to December 31, 2022. The discount on bonds payable is amortized using the effective interest method, which calculates interest expense as a percentage of the carrying value of the bonds (the face value of the bonds less any unamortized discount or plus any unamortized premium). The effective interest rate is the yield on the bonds, which is 8%. The amount of interest expense to be accrued is calculated as follows: €20,000,000 x 8% x 0.5 = €800,000 (for the full year), €800,000 / 2 = €400,000 (for the semiannual period), €400,000 - €780,000 (interest paid on June 30) = €(380,000), €(380,000) + €31,872 (unamortized discount as of December 31) = €(348,128). The negative sign indicates that the company must record an expense in this amount to accrue the interest for the period.

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Related Questions

Which words means finds its food; a consumer.?

Answers

Answer:

The word that means finding its food is hunting

Outline how to identify the currency of the chosen legislation

Answers

A piece of legislation's currency can be determined in the most important way by looking for publication dates. Most laws have a publication date that can be used to determine when they were most recently changed.

The written law produced by Parliament is referred to as legislation, statutes, or acts of parliament. It is one of the two main sources of law, the other being "Case Law," or court rulings. Legislation, usually referred to as statutory law, forms the basis of India's current legal order. The statutes passed and enforced by the legislature serve as the foundation for statutory legislation.

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If you borrowed $100 for one year And paid $110 at maturity, the interest rate youpaid would be 10 percent.
T or f

Answers

Answer:

True

Explanation:

Interest rate is calculated by the formula

I= P x r x t

In this case,

Interest = 10( amount - principal; $110 - $100= $10

P= $100

r ?

t=1

Therefore,

$10 = $100 x r x 1

$10 = $100r

r= $100/$10

r= 10%

What is also known as the "world's largest pharmacy" -- a place where indigenous groups are using drones to keep tabs on illegal activity?

Answers

Answer: Amazon Rainforest

Explanation:

The Amazon Rainforest of South America is the largest rainforest in the world and is usually called Earth's lungs due to the large amount of oxygen it releases and the large amount of carbon dioxide it removes from the atmosphere and stores.

The Amazon has another name though which is the Worlds Largest Pharmacy. This is because the abundance of flora in the Amazon provide so many herbs that can be used as natural medicine.

Indigenous groups use drones in the Amazon to track places where people are engaging in illegal logging in efforts to protect the forest.

Which of these would be considered an environmental factor that affects consumer behavior? stage in life cycle perception personal motivation technology

Answers

Cultural norms would be seen as an environmental component influencing consumer behavior's.

The correct option is B.

What is Cultural norms?

Social and cultural norms are guidelines or expectations of conduct and thought that are based on accepted values within a particular social or cultural group. Even though they are frequently unspoken, social norms define what is (and is not) acceptable conduct in interpersonal relationships.

What is the cultural norms theory?

A mass communication theory that contends that particular modern concepts or ideals are presented and emphasised in the media on a selective basis. This idea contends that the media either reinforces or modifies norms.

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Complete question is:

Which of the following would be considered an environmental factor that affects consumer behavior?

a) personal motivation

b) cultural norms

c) stage in the life cycle

d) perception

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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which of the following is not an employability skill?

1. ethical behavior
2. teamwork
3. technology
4. sales

Answers

Sales is not an employability skill. Employability skills are the general skills, personal qualities, and attitudes that are necessary for success in any job or career. They include things like communication, problem-solving, teamwork, time management, leadership, adaptability, and ethical behavior, among others.

Sales, on the other hand, refers to a specific job function that involves selling products or services to customers. While sales may require certain skills such as communication, negotiation, and customer service, it is not considered a general employability skill.

For each scenario, calculate the cross-price elasticity between the two goods and identify how the goods are related. Please use the midpoint method when applicable, and specify answers to one decimal place. A 20% price increase for Product A causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for Product B.

Answers

Answer:

No relation

Explanation:

The computation of the cross elasticity of demand is shown below:

= Percentage change in quantity demanded ÷ Percentage change in price

here the price is increased by 20% for product A

But there is no change in the quantity demanded for product B

So, the cross elasticity of demand is

= 0 ÷ 20%

= 0

Therefore there is no relation between two products or goods

Finding an Apartment Math Quiz
QUESTION 2 of 10: Apartment "A" has two floors 30 feet wide and 40 feet long and a 15-foot-long by 30-foot-wide third floor. Apartment "B"
has two floors that are both 40 feet long and 40 feet wide. The cost of both is $55 per square foot. What is the difference in total cost between
Apartment "A" and Apartment "B"?

Answers

To calculate the total cost difference between Apartment A and Apartment B, we need to determine the total areas of both apartments and then multiply those areas by the cost per square foot. The difference in total cost  is $19,250.

Total cost refers to the overall sum of expenses incurred in producing or providing goods or services. It includes all the costs associated with production, such as raw materials, labor, overhead expenses, and any other costs directly or indirectly related to the production process. Total cost can also encompass additional expenses like marketing, distribution.

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Final answer:

The difference in total cost between Apartment A and Apartment B is $19,250.

Explanation:

To find the total cost for each apartment, we'll calculate the area of each floor and then multiply it by the cost per square foot. Then, we'll sum the costs for each apartment and find the difference.

Apartment A:

1st floor area = 30 feet * 40 feet = 1,200 square feet

2nd floor area = 30 feet * 40 feet = 1,200 square feet

3rd floor area = 30 feet * 15 feet = 450 square feet

Total area for Apartment A = 1,200 + 1,200 + 450 = 2,850 square feet

Total cost for Apartment A

= 2,850 square feet * $55 per square foot

= $156,750

Apartment B:

1st floor area = 40 feet * 40 feet = 1,600 square feet

2nd floor area = 40 feet * 40 feet = 1,600 square feet

Total area for Apartment B = 1,600 + 1,600 = 3,200 square feet

Total cost for Apartment B = 3,200 square feet * $55 per square foot = $176,000

Now, to find the difference in total cost:

Difference = Cost of Apartment B - Cost of Apartment A

Difference

= $176,000 - $156,750

= $19,250

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plz help!!
Which best describes why taxes and savings are considered leakage factors?

A) They take money out of households.
B) They take money out of the economic system.
C) They take money out of the economic sectors.
D) They take money out of the financial sector.

Thank you!! : )

Answers

Its b

Explain:
The reason it’s because the government collects taxes which are considered leakages

Answer:

my In.stagram I'd: unknown_22770

Explanation:

I hope you will msg me

What are the two parts of the platform used to run application software? GUI and HCI hardware and operating system kernel and software configuration application base and operating system

Answers

Answer:

The answer is B

Explanation:

Answer:the answer is B hardware and operating system

Explanation:

What customers constitute the business market?​

Answers

Answer:

The business market consists of four major categories of customers: producers, resellers, governments, and institutions. Producers-include profit-oriented organizations that use purchased goods and services to produce or incorporate into other products.

Explanation:

hope this helps

which of these are components of government purchases in gdp? multiple select question. expenditures for publicly owned capital expenditures and government receipts that consist of transfer payments to households expenditures for goods and services that the government consumes in providing public services expenditures for intermediate goods

Answers

The components of government purchases in GDP include expenditures for goods and services that the government consumes in providing public services, and expenditures for publicly owned capital.

Transfer payments to households are not included as government purchases in GDP. Expenditures for intermediate goods are not directly included in government purchases in GDP, but their value is indirectly captured through the value-added at each stage of production. Government purchases are a component of GDP that measures the amount of goods and services that the government buys in the economy. It includes expenditures on goods and services that are consumed by the government, such as public infrastructure, defense spending, and salaries of government employees. It excludes transfer payments, which are payments made by the government to households and individuals, such as social security and unemployment benefits, as they do not represent an exchange of current goods and services. Government purchases are an important driver of economic growth, as they increase the demand for goods and services in the economy and can create jobs in various sectors.

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When will the Social Security fund dry up at Its current level?
• A.
2022
© B.
2027
• C
2037
© D. 2097
© E. 2117

Answers

Answer:

c. 2037

Explanation:

As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.

The correct answer would be C.

first, read chapter 14 in your text. then, visit a retail store such as a grocery store, target, or walmart. using a camera or your smartphone, take a few color photos of the product and its packaging (front and back). next, post your photograph to the discussion topic and, in your post, address the following: briefly describe the product and the strategy that was used to promote the product. what culture do you believe this product is marketed toward? how does this product differ from others within the same product category? be descriptive and provide three key points. why do you think this marketing strategy is effective? how can this market strategy be improved?

Answers

Differentiation within a product category can be achieved through various means, such as unique features, packaging design, brand reputation, or pricing strategies.

Briefly describe the product and the promotional strategy: Provide a description of the product, its features, and its packaging. Discuss the marketing elements used to promote the product, such as advertising campaigns, endorsements, pricing strategies, or product placement.Target market and cultural implications: Analyze the target market for the product and discuss the culture it is marketed toward. Consider demographic factors, psychographics, and cultural nuances that may influence the product's appeal to a specific group of consumers.Unique differentiators from competitors: Highlight three key points that differentiate the product from others within the same category. This could include product features, quality, pricing, packaging, brand image, or any other aspects that set it apart and give it a competitive advantage.Effectiveness of the marketing strategy: Explain why you think the marketing strategy used for this product is effective. Consider factors such as the alignment of the strategy with the target market, its ability to communicate the product's value, or its success in capturing consumer attention and driving sales.Opportunities for improvement: Discuss potential areas for improvement in the marketing strategy. Identify any aspects that could be enhanced to further engage the target market, differentiate the product, or strengthen its positioning. Suggestions may include refining messaging, exploring new channels, leveraging digital marketing, or enhancing the overall customer experience.

The effectiveness of a marketing strategy depends on various factors, including the product's positioning, relevance to the target market, and the clarity of the promotional message. A well-executed marketing strategy can generate consumer interest, increase brand awareness, and ultimately drive sales.

To improve a marketing strategy, companies can conduct market research to gain insights into consumer preferences and behaviors. They can refine their messaging, packaging, or product features based on feedback and market trends. Additionally, analyzing competitor strategies and identifying areas of differentiation can help companies create more compelling and unique marketing campaigns.

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Imagine that you are the supervisor of a pharmacy. You have received a few complaints about mistakes in customer's prescriptions. To improve the quality of service delivered by the pharmacies, you can concentrate on (a) doing a better job of catching errors in the future or (b) doing a better job of avoiding errors. Which approach would you choose? Explain.

Answers

Answer:

b tell me whether I've got it or not

if property is owned by two or more owners as joint tenants, the interest of the deceased co-owners will be passed to the a) trust under which the property was owned. b) heirs of the deceased. c) surviving owner or owners. d) state, under the law of escheat.

Answers

If property is owned by two or more owners as joint tenants, the interest of the deceased co-owners will be passed to the surviving owner or owners. The Option c is correct.

What does joint tenancy mean in law?

The legal term for an arrangement that defines the ownership interests and rights of two or more co-owners of real property is joint tenancy. Two or more people own property together in a joint tenancy, each with equal rights and responsibilities.

A right of survivorship is created by a joint tenancy, which means that if one party dies, their interest is automatically transferred to the surviving tenant(s). Joint tenancy differs from tenancy in common in that the share of a deceased tenant is passed on to their heirs.

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Select the correct answer. Which of the following is most likely to be addressed as “Dr.”? A. A school superintendent B. A successful artist C. A playwright D. A sound technician

Answers

Answer:

D i think

Explanation:

Answer:

D

Explanation:

Rip x and juice

**ECONOMY**

Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:

A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation

Answers

Answer:a

Explanation:

based on the post-employment conflict of interest, over time regulatory agencies can develop a bias to support the group of answer choices welfare needs of society in general. goals of attaining economic efficiency. desires of the firms that are being regulated. groups of individuals who are not likely to be affected by regulation.

Answers

Based on the post-employment conflict of interest, over time regulatory agencies can develop a bias to support the C- desires of the firms that are being regulated.

A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority in charge of exercising autonomous control over a certain sector of human activity in the form of licensing and regulation.

Administrative law, regulatory law, secondary legislation, and rulemaking are all handled by regulatory agencies (codifying and enforcing rules and regulations, and imposing supervision or oversight for the benefit of the public at large).

The complexity of certain regulatory and directorial tasks, as well as the disadvantages of political interference, justify the existence of independent regulatory agencies.

Some independent regulatory agencies conduct investigations or audits, while others may fine the parties involved and order specific measures.

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Correct question:

Based on the post-employment conflict of interest, over time regulatory agencies can develop a bias to support the

a) welfare needs of society in general.

b) groups of individuals who are not likely to be affected by regulation.

c) desires of the firms that are being regulated.

d) goals of attaining economic efficiency.

jordan works for a bank and decides whether to approve small business loans. he researches market saturation and the health of existing businesses before deciding how likely the prospective small business owner is to succeed. jordan is making a(n) decision.

Answers

Jordan is making an informed or data-driven decision based on research and analysis of various factors such as market saturation and the health of existing businesses.

What is Data-driven Decision?

Data-driven decision-making is an approach to decision-making that relies on analyzing and interpreting data and information to inform the decision-making process. In this approach, data is collected, organized, and analyzed to provide insights and support decision-making. The goal is to make informed decisions that are based on evidence rather than intuition or guesswork.

Data-driven decision-making can be used in various fields, including business, healthcare, education, and government. It involves collecting and analyzing data from multiple sources, such as surveys, customer feedback, sales reports, and other types of data. The analysis of this data helps to identify patterns, trends, and insights that can inform decision-making.

Below is the Complete Question:

Jordan works for a bank and decides whether to approve small business loans. he researches market saturation and the health of existing businesses before deciding how likely the prospective small business owner is to succeed. Jordan is making a(n) ________ decision.

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according to the law of supply, which of these would happen to an item as its price rose?

Answers

Price increases will encourage more vendors to enter the market. Up until another market-clearing price is reached, supply will rise.

Suppliers who cannot cover their costs will discontinue if prices decline. Typically, economists combine the volumes that suppliers are willing to produce at various prices into a formula known as the supply curve. The likelihood of suppliers producing more increases with pricing. On the other hand, the cheaper a product is, the more people tend to buy it. The demand curve is the equation that expresses the amounts that consumers are willing to purchase at each price.

On a graph, prices are plotted along the vertical axis and quantities are plotted along the horizontal axis to represent the demand and supply curves. Generally speaking, supply is thought to slope higher because suppliers are prepared to create more when prices rise.

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Seema is heading into her junior year of high school and received a large financial gift from her grandmother. She kind of wants to buy some new clothes, but she has a financial goal of saving for her college education, but she also wants to be able to buy a used car to get her to and from campus. What should Seema do with the money she's received?

Answers

Based on the given information Seema should deposit the money into a savings account.

What is savings account?

A savings account is an account that allow a person to save while you earn an interest on the saved amount.

Since she has a financial goal of saving for her college education the best choice is for her to open a saving account and deposit the money given to her by her grandmother into the saving account as this will help her to achieve her set goal.

Inconclusion Seema should deposit the money into a savings account.

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You want to earn a real rate of return of 3. 75% at a time when the inflation rate is 2. 33%. What is the approximate nominal rate that you must earn?

Answers

To earn a real rate of return of 3.75% at a time when the inflation rate is 2.33%,

Rate of return (RoR) is the rate of return that calculates the net gain or loss from an investment over a certain period of time, and is expressed as a percentage. RoR is an indicator that can be useful to see the level of efficiency in an investment.

This article has been published on https://inmarketing.id/rate-of-return-Jadi.html | inMarketing

We must calculate the approximate nominal rate that we must earn using the formula: Nominal rate = Real rate + Inflation rate.

Step 1: Plug in the given values into the formula:
Nominal rate = 3.75% + 2.33%

Step 2: Add the two rates together:
Nominal rate = 6.08%

Therefore, the approximate nominal rate that we must earn in order to achieve a real rate of return of 3.75% at a time when the inflation rate is 2.33% is 6.08%.

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who is ymca's target market?
who are ymca's end-users?
who are ymca's donors?

Answers

YMCA's target market is women.

YMCA's end-users are people of all ages.

YMCA's donors can be anyone.

A global youth organization with over 64 million beneficiaries in 120 countries, the YMCA (also referred to as the Y in certain regions) is headquartered in Geneva, Switzerland.

The Y not only offers fitness facilities to strengthen your body and mind, but it also gives you peace of mind by offering the best childcare available. The growth and development of your child's mental, physical, and emotional well-being can be significantly influenced by the correct childcare programs.

In 1844, a farmer-turned-department store employee and his pals met in industrial London to form the first YMCA, a haven for young men seeking safety from the dangers of the streets.

Yes, we are aware that the YMCA audience consists primarily of women between the ages of 35 and 55 who enjoy visiting the shore and who are interested in SUVs (example of X YMCA).

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b Identify and explain two reasons why the primary sector is relatively more Important to Botswana than India.​

Answers

Answer: The primary sector refers to industries that are involved in the extraction of natural resources and the production of raw materials. This sector includes activities such as agriculture, forestry, fishing, mining, and oil and gas production.

In Botswana, the primary sector is relatively more important than it is in India for several reasons:

Explanation:

1. Dependence on Natural Resources: Botswana is heavily dependent on its natural resources, particularly diamonds, which account for over 70% of the country's exports. The primary sector plays a crucial role in the country's economy, and its importance is reflected in the high levels of investment in the sector.

2. Agriculture and Livestock Production: While agriculture and livestock production plays a relatively minor role in India's economy, they are significant in Botswana, where they provide food and income for a large number of rural households.

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https://en.wikipedia.org/wiki/Economy_of_Botswana

Which tool of monetary policy allows the Federal Reserve to increase the
money supply?
A. Increasing the discount rate on short-term loans
B. Selling treasury securities on the open market
C. Reducing the reserve requirement on banks
D. Raising interest on reserves paid to banks

Answers

Answer:

C. Reducing the reserve requirement on banks

Explanation:

The Federal Reserve( Fed) expects commercial banks to maintain a percentage of customer deposits in their custody. The amount that the banks keep is known as reserves. The Fed sets the percentage of deposits to be held as reserves. The Fed may adjust this percentage in line with its monetary objectives.

By reducing the reserve requirements percentage, commercial banks remain with a bigger portion of deposits that they lend out. It means banks will issues out more loans to customers. An increase in lending adds more money to the economy. Reducing the reserve requirement increases the money supply in the country.

Explain the degree to which least-cost theory predicts the local site-selection factors for the location of multinational service industry corporate offices

Answers

Least-cost theory predicts industrial locations because it entails selection based on the availability of natural resources.

What is Least-cost theory?

This states that the location of a processing plant will be in an area that ensures the lowest cost of production processes.

The availability of natural resources such as water, raw materials etc will ensure that cost of production is minimized.

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One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $750 per month. You will charge 1.5 percent per month interest on the overdue balance.

If the current balance is $14,000, how long will it take for the account to be paid off? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

It will take approximately 181.91 months or 15.16 years (rounded to 2 decimal places) for the account to be paid off.

The current balance refers to the amount of money or funds available in an account or financial account at a given point in time. It represents the total value of funds that remain after taking into account deposits, withdrawals, and any applicable fees or charges.

Current balance= $14000

Payment made per month= $750

Interest rate= 1.5% per month

To find out:

Time to pay off the account formula for calculating monthly payment is:

Monthly payment= (P*r)/(1-(1+r)⁻ⁿ)

where,

P is the principal amount,

r is the interest rate per month,

n is the total number of payments.

Here,

P=$14000,

r=1.5% per month

=0.015,

monthly payment=$750.

Putting these values in the formula, we get:

$750=($14000*0.015)/(1-(1+0.015)⁻ⁿ) Solving this for n: n=181.91

The number of months required to pay off the debt is 181.91.

Therefore, rounding it to 2 decimal places we get n=181.91

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the percentage change in the demand for one good divided by the percentage change in the price of a related good is the

Answers

The percentage change in the demand for one good divided by the percentage change in the price of a related good is the "cross-price elasticity of demand."

The cross-price elasticity of demand measures the responsiveness of the demand for one good to changes in the price of another related good. It indicates whether the two goods are substitutes or complements.

If the cross-price elasticity of demand is positive, then the two goods are substitutes. This means that as the price of one good increases, the demand for the other good will increase. For example, if the price of Coca-Cola increases, consumers may switch to Pepsi instead, leading to an increase in the demand for Pepsi

If the cross-price elasticity of demand is negative, then the two goods are complements. This means that as the price of one good increases, the demand for the other good will decrease. For example, if the price of automobiles increases, the demand for gasoline may decrease, as people may reduce their driving.

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