Mumm co. issued 10-year $200,000 debenture bonds on january 1, 2015. the bonds pay interest semiannually. mumm uses the effective interest method to amortize bond premiums and discounts. the carrying value of the bonds on january 1, 2015 was $185,953. a journal entry was recorded for the first interest payment on june 30, 2015, debiting interest expense for $13,016 and crediting cash for $12,000. what is the annual stated interest rate for the debenture bonds?
Answers: 1
Business, 21.06.2019 13:20
On july 9, mifflin company receives a $7,400, 90-day, 6% note from customer payton summers as payment on account. compute the amount due at maturity for the note. (use 360 days a year.)
Answers: 1
Business, 22.06.2019 01:30
Iam trying to get more members on my blog. how do i do that?
Answers: 2
Business, 22.06.2019 08:00
Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.
Answers: 2
Business, 22.06.2019 08:40
Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.
Answers: 3
Mumm co. issued 10-year $200,000 debenture bonds on january 1, 2015. the bonds pay interest semiannu...
History, 03.02.2020 07:53
Mathematics, 03.02.2020 07:53
Mathematics, 03.02.2020 07:53
Mathematics, 03.02.2020 07:53
Social Studies, 03.02.2020 07:53
Mathematics, 03.02.2020 07:53
History, 03.02.2020 07:53
Physics, 03.02.2020 07:53
Mathematics, 03.02.2020 07:53