Business, 15.08.2020 05:01 luisr0754

On January 1, 2018, an investor paid $303,000 for bonds with a face amount of $330,000. The stated rate of interest is 11% while the current market rate of interest is 13%. Using the effective interest method, how much interest income is recognized by the investor in 2018 (assume annual interest payments and amortization)

Answers: 3

Show answers

Another question on Business

Business, 23.06.2019 00:30

It's possible for a debt card transaction to bounce true or false

Answers: 1

Answer

Business, 23.06.2019 02:50

Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

Answers: 1

Answer

Business, 23.06.2019 10:20

Is quadrilateral jklm the result of a dilation of quadrilateralabcd by a scale factor of 2? why or why not? o yes, because sides jk and ml are twice as long assides ab and dc.yes, because both figures are parallelograms, socorresponding sides are parallelno, because sides jk and ml are not twice as long assides ab and dc.no, because sides jm and kl have different slopesfrom sides ad and bc.

Answers: 1

Answer

Business, 23.06.2019 17:30

The ledger of laurie rental agency on march 31 of the current year includes the following selected accounts before adjusting entries have been prepared. debit credit prepaid insurance $ 5,400 supplies $ 4,500 equipment 40,000 accumulated depreciationâ€”equipment $12,600 notes payable 25,000 unearned rent revenue 11,100 rent revenue 90,000 interest expense â€“0â€“ salaries and wages expense 20,000 an analysis of the accounts shows the following. 1. the equipment depreciates $600 per month. 2. two-thirds of the unearned rent revenue was earned during the quarter. 3. the note payable is dated january 1 and bears 12% interest. 4. supplies on hand total $800. 5. the insurance policy is a two-year policy dated january 1. instructions: a. prepare the adjusting entries at march 31, assuming that adjusting entries are made quarterly. additional accounts are: depreciation expense, insurance expense, interest payable, and supplies expense. b. compute the ending balances for prepaid insurance, unearned rent revenue, and rent revenue, and indicate in which financial statement those items will be reported.

Answers: 1

Answer

You know the right answer?

On January 1, 2018, an investor paid $303,000 for bonds with a face amount of $330,000. The stated r...

Questions