A company issues 6%, 7-year bonds with a par value of $280,000 on January 1 at a price of $296,367, when the market rate of interest was 5%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:

Interest payment per coupon = $8,400

Explanation:

Journal entry to record the bond issuance:

January 1, 202x, bonds are issued

Dr Cash 296,367

    Cr Bonds payable 280,000

    Cr Premium on bonds payable 16,367

assuming straight amortization for the bond premium:

amortization of bond premium per coupon payment = $16,367 / 14 = $1,169.07

Journal entry to record payment of coupons:

July 1, 202x

Dr Interest expense 7,230.93

Dr Premium on bonds payable 1,169.07

    Cr Cash 8,400

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.