On January 1, 2020, Pina Company purchased 11% bonds, having a maturity value of $320,000 for $344,893.28. The bonds provide the bondholders with a 9% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Pina Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows.
2020 $342,600
2023 $330,400
2021 $329,200
2024 $320,000
202 $328,300
(a) Prepare the journal entry at the date of the bond purchase.
(b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2020.
(c) Prepare the journal entry to record the recognition of fair value for 2021.
Answers
Answer:
[tex] - 6x - 18[/tex]
Explanation:
[tex] - 2x(1 - 3x) + (2x + 3)(3x - 2)[/tex]
Related Questions
Changing the speed and tone of your depending on the type of example you are giving can affect how listeners respond to your speech.
Answers
Answer: voice
Explanation:
Voice is an example you are giving that can affect how listeners respond to your speech.
What are the main reasons to include an example in your speech?The cases are essential for evidence-backed presentations and help the audience understand the message is effectively presented. Examples are most effective when used to complement the central point of a presentation and focus on important topics in the presentation.
The fictitious example is a fictitious example and can be used by the speaker to explain a complex topic. This makes the most sense when expressed in a more realistic or relevant way.
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Square's purpose is economic empowerment. Briefly tell us about what that purpose means to you.
Answers
The word "Square's purpose is economic empowerment" is an important motto for the firm.
What is Square's firm?Square's firm is an organization that helps builds tools to help more people participate and thrive in the economy.
One of the Square's purpose is to build things that meaningfully shorten the distance between having an idea and making a living from it.
In conclusion, the word "Square's purpose is economic empowerment" is an important motto for the firm.
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Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answers
Answer:
cost leadership/competitive advantage
When the overall level of prices in the economy is increasing, economists say that the economy is experiencing.
Answers
Answer:
ECONOMIC GROWTH
Explanation:
The owner of a go-kart racetrack would like to have a ratio of 2 red racers for every 3 green mini-trucks. The racetrack currently has 11 red racers and 21 mini-trucks. Which equation could she use to determine x, the number of additional red racers she should purchase in order to achieve the desired ratio?
Answers
The equation that the owner of a go-kart racetrack would use to determine x, the number of additional racers she should purchase in order to achieve the desired ratio of 2:3 is x = 21/3 x 2 - 11 or x = 14 - 11.
What is an equation?An equation shows the state of equality between two expressions. In mathematics, it shows that the two sides are equal after solving the various unknown variables.
Data and Current possessions:The desired ratio of red racers for green mini-trucks = 2:3
Red racers = 11
Mini-trucks = 21
To achieve the desired ratio, the red racers must be 14 racers against 21 mini-trucks, which gives a 2:3 ratio.
Thus, since there are 11 red racers, an additional 3 are required, and the equation required to achieve this ratio is x = 21/3 x 2 - 11 or x = 14 - 11.
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Never charge more on your credit cards than you can afford to pay in one month.
~True
or
~False
Answers
Answer:
False
Explanation:
So sometimes you might need to charge a little more, although it is not wise to do it repeatedly or charge a lot more. But if you need to go a few dollars over it will be fine.
Hope this helps!
Question - Risk and Risk Avoidance
In investments, higher risk may provide higher returns. It is interesting how people have different comfort levels taking risk. Please consider your own comfort with taking risks; are you a person who is willing to take a risk in order to earn a higher level of return on an investment?
Directions: Answer thoroughly with a comprehensive response.
Context Link: https://saylordotorg.github.io/text_personal-finance/s08-evaluating-choices-time-risk-a.html
[Brainliest toward whoever responds comprehensively with complete coherent sentences. Thank you. I appreciate it.]
Answers
Answer:
Taking risks is only needed when it's necessary or a smart move. If I know I will benefit from a risky choice then I will have more obligation to take it. Rather than if I knew I could loose a lot more than I could gain then I would wait for a better opportunity.
Name three types of non-wage factors that may influence an individual’s choice of occupation.
Answers
A business goes to the trouble and expense of segmenting its markets when it expects that this extra effort will
Answers
When a business extra effort is expected to increase profit, they will incur an expense of segmenting its markets.
What is market segmentation?A market segmentation refers to segregating market into element that includes age, gender, occupation, income etc
In conclusion, when the business extra effort is expected to increase profit, they will incur an expense of segmenting its markets.
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Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 190 units from the January 30 purchase, 5 units from the January 20 purchase, and 20 units from beginning inventory. Compute gross profit for the month of January for Laker Company for the four inventory methods.
Answers
The gross profit for the four inventory methods include:
Specific identification - $3785Weighted average - $3774FIFO - $3770LIFO - $3790How to calculate the gross profitFrom the complete question, the following can be deduced:
Specific identification
Sales = $9800
Less: Cost of goods sold = $6015
Gross profit = $3785
Weighted average
Sales = $9800
Less: Cost of goods sold = $6026
Gross profit = $3774
FIFO
Sales = $9800
Less: Cost of goods sold = $6030
Gross profit = $3770
LIFO
Sales = $9800
Less: Cost of goods sold = $6010
Gross profit = $3790
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Consumption is the purchase of goods and services by.
Answers
consumer or customer boiijj
Consumption is the purchase of goods and services by households.
What is Consumption?Utilizing resources in order to achieve present needs and desires is referred to as consume. In contrast, investing is making purchases in order to generate future earnings. A key concept in economic, consumption is also explored in various other human sciences.
Consumption is the act of households purchasing goods and services. The biggest single source of GDP is consumption. Intangible goods or acts known as product services are generally highly consumed concurrently.
Contrary to consumption spending, which is the buying on commodities for domestic use, consuming is not the same thing. It is the quantity spending on consumables, including durables, and related industries.
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Because cash is assumed to be available for spending, it is typically reported on the balance sheet as a(n)
Answers
Answer:
Current or Short-Term Asset
Explanation:
Based upon a Keynesian viewpoint, to stimulate the economy the government should do all of the following except:___________
a) buy more output.
b) employ more people.
c) make more money available.
d) raise taxes.
Answers
in a Keynesian viewpoint, the government must buy more output, employ more people and make more money available to stimulate the economy
What is the Keynesian theory?The Keynesian theory advocated for an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.
Hence, in a Keynesian viewpoint, the government must buy more output, employ more people and make more money available to stimulate the economy.
Therefore, the Option A, B and C is correct.
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The current equilibrium price of a specific type of automobiles is $23,000. An increase of a price ceiling on automobiles from $20,000 to $25,000 will do what to the amount sold in the market and to the price of automobiles?.
Answers
Answer:
$25,000
Explanation:
i will sell more automobiles to make more money
8)
What is likely to lead to an increase in the wages of university lecturers?
A an increase in the fringe benefits provided to university lecturers
B. an increase in the tuition fees paid by university students
C government policies reducing the length of the training for university lecturers
D increased demand from students to study at university
Answers
True or false: A put bond allows the holder to force the issuer to buy the bond back at a stated price.
Answers
The statement that a put bond allows the holder to force the issuer to buy the bond back at a stated price is: True.
What is a Put Bond?
A Put Bond is a debt instrument that gives the holder access to repurchase the security within a specific period before the due date. The individual repurchasing sets his price at a given time of issuing the card per value of the bond.
A put bond therefore gives access or allows the Holder to force the issuer to repurchase the bond back at a stated price.
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Consumer surplus is equal to the difference between.
Answers
Answer:
Consumer surplus is equal to the difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.
How many barrels of oil does the us export per day?.
Answers
Answer:
18.40 million
Explanation:
Also in 2020, the United States produced 2 about 18.40 million barrels of petroleum per day
A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following: Marketing Costs = $1,200 Sales Costs = $9,000 Salaries = $87,000 What was the Customer Acquisition Cost?
Answers
Answer:
$15
Explanation:
To get the customer acquisition cost you divide the marketing cost by the new customers, in this case $1,200 ÷ 80 = $15
The customer acquisition cost is the cost that is used to acquire the cost of new customers in the given case, Customer Acquisition Cost is $15.
What is customer acquisition cost?Customer Acquisition Cost is defined as that cost which is incurred by the business for acquiring a cost of a new customer. Customer Acquisition Cost is the cost of besting a customer to purchase a particular product or service.
Formula:
[tex]\text{Customer Acquision Cost}=\dfrac{\text{Marketing Costs}}{\text{New Customers}}[/tex]
Computation of customer acquisition cost:
According to the question,
Marketing Costs = $1,200, and
New Customers = 80.
Now, apply the given values in the above formula,
[tex]\text{Customer Acquision Cost}=\dfrac{\text{Marketing Costs}}{\text{New Customers}}\\\\\text{Customer Acquision Cost}=\dfrac{\$1,200}{80}\\\\\text{Customer Acquision Cost}=\$15[/tex]
Therefore, the customer acquisition cost in the given case is $15.
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Which of the following statements concerning the influence of culture on ethnic identity formation is accurate? One will reject ethnic identity if cultural stereotypes are encountered. If one’s ethnicity is different from the dominant cultural group, then one’s ethnic identity will become weakened. If an ethnic group is accepted by dominant culture, then ethnic identity formation can be a difficult process. Similarity to the dominant culture can determine how easy it is for one to accept ethnic differences.
Answers
Answer:
D
Similarity to the dominant culture can determine how easy it is for one to accept ethnic differences.
Explanation:
Long-lived assets are reported in the balance sheet at _____ value, which is equal to its original cost less _____.
Answers
In the balance sheet, the Long-lived assets are reported as noncurrent assets which equals original cost less the carrying value.
What is a Long-lived assets?A Long-lived assets refers to an asset possessed by a business which is expected to be retained for at least one year.
In conclusion, the word "noncurrent assets" and "carrying value".
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When consumers consider all types and brands of household cleaners, they are considering the _____ of household cleaners. When consumers limit their choice of household cleaners to only those that come in spray bottles, they are considering a _____ of household cleaners.
Answers
Answer:
Explanation:
consumers limit their choice of household cleaners to only those that come in spray bottles, they are considering a _consume __ of household cleaners.
Describe marketing functions and related activities.
Answers
The 7 functions of marketing are promotion, selling, product/service management, marketing information management, pricing, financing and distribution. Understanding the core functions of marketing can help you better focus your efforts and strategies to support your business.
When the manager of a local auto repair shop sets goals and then develops a blueprint for how to achieve them, she is
Answers
When the manager of a local auto repair shop sets goals and then develops a blueprint for how to achieve them, she is effective.
Being an effective manager
Effectiveness can be defined as the capability of producing the desired result or the ability to produce the desired output.
Since the manager of a local auto repair shop sets goals and then develops a blueprint for how to achieve them, this shows her capability to produce a desired outcome or result due to her preparedness.
Hence we can conclude that the manager is effective.
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Profit-sharing plans, commissions, bonuses, and stock options are examples of:.
Answers
An example of Company-wide Incentive Plan includes profit-sharing plans, commissions, bonuses, and stock option.
What is a company-wide incentive plans?A company wide incentive plans refers to a plan that reward its employees on the basis of the success of the organization over a specified time period.
Therefore, these plans that includes profit-sharing plans, commissions, bonuses, stock options are examples of a company wide incentive plans.
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Which of the following is a good basic rule of conducting a business meeting?
Question 4 options:
provide an agenda
handle all questions individually after the meeting has ended
avoid visual or printed support material
allow participants to conduct conversations among themselves
Answers
It is best practice to ensure that there is an agenda for the business meeting before it starts. The correct answer thus is A.
What are some of the rules for conducting a Business Meeting?Some of the rules for conducting a business meeting are:
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The process of maintaining a stable internal environment is called.
Answers
Is the process of maintaining a stable internal environment
If a management team wishes to undertake efforts specifically aimed at helping the company meet or beat the investor-expected increases in the company's stock price in upcoming years, then it should pursue actions to
Answers
For the management team to beat the investor-expected increases in the company's stock, they can increase total operating profits in all four geographic regions.
What is a total operating profits?A total operating profit refers to the total earnings derived from business functions for a given period excluding deduction of interest and taxes.
In conclusion, the action of increasing the profit will results to improvement in total net profit and help raise the EPS which will drives the company's stock price upward.
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Suppose Kittyville's full-employment GDP = $600 billion, and the current equilibrium GDP = $400 billion. The MPC in this economy = 0. 90. Identify the type of expenditure gap in Kittyville's economy: To correct this gap, Kittyville hires an economist, Kittyzen Keynes, who suggests: government spending or taxes. Decreasing Recessionary Increasing Inflationary Suppose Kittyville decides to change government spending under Keynes' advice. By how much must government spending change to correct for the expenditure gap (rounded to nearest billion dollars)? Suppose Kittyville instead decides to change taxes under Keynes advice. By how much must taxes change to correct for the expenditure gap (rounded to nearest billion dollars)?
Answers
The type of expenditure gap that's illustrated in Kittyville's economy is a recessionary expenditure.
What is expenditure gap?It should be noted that an expenditure gap is when the demand for goods and services is more than the production.
In order to correct the gap, the economy hired the economist who suggested that there should be an increase in government spending and decrease in taxation.
Also, the change in government spending will be:
= Change in income b× (1 - MPC)
= $200 × (1 - 0.9)
= $20 billion.
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Magicbands have reduced turnstile transaction time by.
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The MagicBand lets visitors reserve spots in line, which Disney said has allowed it to reduce turnstile transaction times by 30 percent and increase park capacity.
