subject
Business, 26.02.2020 02:21 isabellatessa86

When Patey Pontoons issued 6% bonds on January 1,2016, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 7%. The bonds mature December 31,2019. Interest is paid semiannualy on June 30 and December 31. Determine the price of the bonds at January 1,2016. Prepare the journal entry to record their issuance by patey on Jan 1,2016

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 19:00
For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?
Answers: 1
question
Business, 23.06.2019 04:00
Asmall company has 10,000 shares. joan owns 200 of these shares. the company decided to split its shares. what is joan's ownership percentage after the split
Answers: 2
question
Business, 23.06.2019 11:50
Andrew owns a store in polk county. his trade extends throughout river city, but not beyond the county limits. he sells his store to betty and, as part of the transaction, agrees not to engage in the same business anywhere in river city for a period of five years. a. the time restraint is likely reasonable. b. the geographic restraint is likely reasonable. c. the agreement likely violates antitrust laws and the provision is not enforceable. d. both (a) and (b).
Answers: 1
question
Business, 23.06.2019 12:00
The "ideal" business, according to richard buskirk of the university of southern california: has many diverse employees.has a few, carefully selected employees.has many homogeneous employees.is a "one-man show".
Answers: 2
You know the right answer?
When Patey Pontoons issued 6% bonds on January 1,2016, with a face amount of $600,000, the market yi...
Questions
Questions on the website: 13722363