On January 1, 2021, Universe of Fun issues $750,000, 9% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 10%, and the bonds issue for $692,353. Interest is paid semiannually on June 30 and December 31. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2021.

Answers

Answer 1

Answer:

Universe of Fun

Journal Entries are used to record transactions:

January 1, 2021:

Debit Cash Account $692,353

Debit Bonds Discount $57,647

Credit Bonds Payable $750,000

To record the issue of 9% bonds, semiannual interest, that mature in 15 years.

June 30, 2021:

Debit Interest Expense $35,672

Credit Discount Amortization $1,922

Credit Cash Account $33,750

To record the interest expense and discount amortization.

December 31, 2021:

Debit Interest Expense $35,672

Credit Discount Amortization $1,922

Credit Cash Account $33,750

To record the interest expense and discount amortization.

Step-by-step explanation:

Bonds Payable = $750,000

Bonds issued at a discount = $692,353

Bonds discount = $57,647 ($750,000 - $692,353)

Interest rate = 9%

Interest expense, semiannually = $33,750 ($750,000 * 9%)/2

Maturity of bonds = 15 years

Bonds discount will be amortized over 15 at $3,843 per annum ($57,647/15) on straight-line basis

Bonds discount semiannually = $1,922

b) Bonds discount arise as Universe of Fun issues the $750,000 bonds for $692,353 (less by $57,647).  This means that the bondholders are paying less than the face value, but will be repaid the full face value at maturity.


Related Questions


Use additive inverses and their properties to find the equivalent expressions.
6-(-3)
-6+(-3)
-6-(-3)
OOO
- 6+3
-6-3
6+(-3)
6-3
6+3

Answers

Answer:

-6+(-3) boom that the answer

A football team has attempted 6 running plays. The change in field position resulting from each play is shown in the table.

Answers

Answer:

what is the question

Step-by-step explanation:

Can we see the table??

What is the slope of a line that passes through the points (0, 1) and (2, 6)?

please answer fast as can

Answers

Answer:

[tex]\boxed {\boxed {\sf m=\frac{5}{2}}}[/tex]

Step-by-step explanation:

The slope formula is the change in y over the change in x, or:

[tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

Where (x₁,y₁) and (x₂, y₂) are the points the line passes through.

The points given are (0,1) and (2,6). Therefore:

[tex]x_1=0\\y_1=1\\x_2=2\\y_2=6[/tex]

Substitute the values into the formula.

[tex]m=\frac{6-1}{2-0}[/tex]

Solve the numerator.

[tex]m=\frac{5}{2-0}[/tex]

Solve the denominator.

[tex]m=\frac{5}{2}[/tex]

This fraction can not be simplified further, so it is our answer.

The slope of the line is 5/2

Answer:

m=5/2

Step-by-step explanation:

We know that,

[tex]Slope\ (m)=\frac{Rise}{Run}\\Slope\ (m)=\frac{y_2-y_1}{x_2-x_1} \\As here,\\x_1=0, x_2=2\\y_1=1, y_2=6\\Hence,\\Slope(m)\ of\ the\ following\ line\ =\frac{6-1}{2} =2.5[/tex]

if a scale drawing of a car is 3 inches and the real car is 15 feet what is the scale and scale factor

Answers

Step-by-step explanation:

Given parameters:

Scale drawing of the car  = 3 inches

Real car  = 15feet

Unknown:

Scale  = ?

Scale factor  = ?

Solution:

The scale is the ratio of the model dimension to the real-life representation.

 In this problem, express both quantities in the same unit;

          1 foot  = 12 inches

         15 feet  = 15  x 12  = 180inches

 Scale;

               drawing of the car : Real car

                      3 inches   :      180 inches

 Scale 1 inches on drawing is 60inches in real life

Scale factor;

               [tex]\frac{real life dimension}{drawing dimension}[/tex]   = [tex]\frac{60 inches }{1inches }[/tex]   = 60

The scale factor = 60

Q4: Write the equation in slope-intercept form of the line that is perpendicular to
the graph of each equation and passes through the given point.
y = -5x + 1; (2, -1)

Answers

Answer:

5y  = x + 11

Step-by-step explanation:

Given parameters:

  Equation of the line ;

           y  = -5x + 1

  Coordinates = (2, -1)

Find the equation of a line perpendicular;

Solution:

A line perpendicular to  y  = -5x + 1  will have slope that is a negative inverse of the given one.

Equation of a straight line is expressed as;

           y  = mx + c

y and x are the coordinates

m is the slope

c is the y-intercept

        So, the slope of the new line perpendicular is [tex]\frac{1}{5}[/tex] ;

Now let us find the y-intercept of the new line;

   x = -1 and y = 2

      2  = [tex]\frac{1}{5}[/tex] x (-1) + c

           c  = 2 + [tex]\frac{1}{5}[/tex]   = [tex]\frac{11}{5}[/tex]  

The equation of the new line is;

          y  =  [tex]\frac{1}{5}[/tex]x +  [tex]\frac{11}{5}[/tex]  

or multiply through by 5;

        5y  = x + 11

If a function is defined by the formula y=1/2x + 3 and its domain is given by the set {-4,0,8}, then which of the following sets gives the function's range?

Answers

Answer:

y = {1, 3, 7}

Step-by-step explanation:

Given

y = ½x + 3

Domain: {-4, 0, 8}

Required

Determine the range of the function

To do this, we simply substitute each value of the domain in the given expression

We start with the first

Substitute -4 for x in y = ½x + 3

y = ½ * -4 + 3

y = -2 + 3

y = 1

Then 0

Substitute 0 for x in y = ½x + 3

y = ½ * 0 + 3

y = 0 + 3

y = 3

Lastly, 8

Substitute 8 for x in y = ½x + 3

y = ½ * 8 + 3

y = 4 + 3

y = 7

Hence, the range of the function is:

y = {1, 3, 7}

Answer:1,3,7

Step-by-step explanation:

The slope of a line that passes through (-2,5) and (1. 7) in simplest form is

Answers

i think it’s -2.8

hope this helps :)

One-third of a number is 12.
Work out one-half of the number.​

Answers

Answer:

18

Step-by-step explanation:

If 12 is one-third of a number, to find the number, we have to multiply 12x3, which equals 36. To find one-half of 36, divide 36/2, which equals 18.

Hope this helped you!! Have a wonderful day C:

The fraction of one-half of the number such that one-third of it is 12 will be 18.

What is a fraction?

In such a fraction, the value that appears above the horizontal line is referred to as the numerator.

In another word, the fraction is the division of the two numbers but the division is not wholly complete.

Suppose that number is x.

One-third = (1/3)x

It is equal to 12 so,

(1/3)x = 12

x = 36

Now one-half of 36 will be (1/2)36 = 18

Hence "The fraction of one-half of the number such that one-third of it is 12 will be 18".

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helpppp! I dont know what to do. Im not very good with slopes LOL.

Answers

Answer:

A= 14

B= -6

C= 2/5

D= 4/3

E= -2

F= 12

Step-by-step explanation:

Find the slope of the line that passes
through these two points.

Answers

Answer:

1/5

Step-by-step explanation:

[tex]\frac{2-1}{3--2} = \frac{1}{5}[/tex]

Answer: 1/5

Step-by-step explanation: Following our hint,

let's start with the slope formula.

m = y₂ - y₁ / x₂ - x₁

We take the second y minus the first y over the second x minus the first x.

So we have m = 2 - 1 / 3 - (-2) or 1 / 5.

So our slope is 1/5.

he triangles shown are congruent by the SSS congruence theorem.

3 rigid transformations are shown. Triangle A B C is first rotated about point C to form triangle A prime B prime C. Triangle A prime B prime C is then shifted down to form triangle A double-prime B double-prime C prime. Triangle A double-prime B double-prime C prime is reflected across A double-prime B double-prime to form triangle A double-prime B double-prime C double-prime

The diagram shows the sequence of three rigid transformations used to map TriangleABC onto TriangleA"B"C". What is the sequence of the transformations?

rotation, then reflection, then translation
rotation, then translation, then reflection
translation, then reflection, then rotation
translation, then rotation, then reflection

Answers

Answer:

the answer is b

Step-by-step explanation:

i just took the test

Answer:

The answer is b

Step-by-step explanation:

edge 2020

If n = 13, then P(t > 2.2) < 0.025
True or false

Answers

Answer:

true

Step-by-step explanation:

• Which factors do 3 and 9 have in common? Choose ALL that apply.
1
2
3
4
5
6
7
8
9
10

Answers

Answer:

3 and 9 both have factors 1 and 3 in common.

Explanation:

A factor is a number that divides into another number exactly and without leaving a remainder. For instance, factors of 15 are 3 and 5, because 3×5 = 15. Some numbers have more than one factorization (more than one way of being factored). For example, 12 can be factored as 1×12, 2×6, or 3×4.

I hope this was helpful to you! If it was, please consider rating, pressing thanks, and marking my answer as 'Brainliest.' Have a wonderful day.

3 and 9 are the only ones that are in common for both 3 and 9

PLEASE HELP!!

The graph shows the cost C in dollars of W points of blueberries. Select ALL the true statements.

A. 1 pound of blueberries cost $2.75

B. 2.75 pounds of blueberries cost $1

C. 5 pounds of blueberries cost $15.30

D. 12 pounds of blueberries cost $33

E. The point (3,9) is on the graph of the proportional relationship

Answers

Answer:

A and D

Step-by-step explanation:

Simplify the given expression. 2(-36-3i)+(5+2i)(12-2i)

Answers

Answer:

-8+8i

Step-by-step explanation:

(-72-6i) + (60-10i+24i-4i^2)

(-72-6i) + (60+14i+4)

-72+64+8i

-8+8i

I will give brainliest :)

True or False:

A solid dot on a number line graph indicates that the
given number is included as a possible solution to the
inequality

• True?
• False?

Answers

Answer:

True

Step-by-step explanation:

If it's a open dot it can't be a possible solution. Solid dots can be a possible solution.

True because it can’t be possible problem

18x-3y=21 put in to slope intercept form

Answers

Answer:

the answ

Step-by-step explanation:

It would be 18x-3y=21 then it would be -3y=21-18x than it would be y=21/-3-18x/-3 then the answer would be y=-7+6x than the answer would be y=6x-7

y = 6x - 7

18x - 3y = 21 (add 3y)
18x = 3y + 21 (subtract 21)
18x - 21 = 3y (rearrange so y is on the left and divide by 3)
y = 6x - 7

Three letters are randomly chosen from PROBABILITY. What is the probability that at least one of the letters is B?

Answers

Answer:

2/11

Step-by-step explanation:

thats the probability

Answer:

2/11

Step-by-step explanation:

Write the slope-intercept form of the equation of each line.

example:

m= ( answer )
b= (answer )
equation= (answer)

Answers

Answer:

1) 2/5

2) 2

3) 0,1

4)-2,0

5)-1

6)1,-2

7)1,0

8) 3,-1

5 x 4000 step by step for khan

Answers

Answer:

Step-by-step explanation:

5×4000

=20,000 answer

Find the amount to be paid at the end of eight years that is equivalent to a payment of $400 now and a payment of $300 at the end of four years
(a) if 6% simple interest is earned from the date each payment is made and use a comparison date of right now.
(b) if 6% simple interest is earned from the date each payment is made and use a comparison date of eight years from now.
(c) Explain why the fact you get different answers in parts (a) and (b) does not contradict the fact that equations of value at different times are equiv- alent equations.
(d) Repeat parts (a) and (b) except replace "simple interest" with "compound interest."

Answers

Answer:

A) $964

B) $651.35

C)  The difference in value for part a and part b is due to time factor and the accumulated interest hence it is better to pay $651.35 right now than to pay $964 when you pay $400 now and $300 in four years time

D)  $1016.28 ,  $637.63

Step-by-step explanation:

lets assume the amount to be paid in eight years that is equivalent to payment of $400 now and a payment of $300 at the end of four ( 4 ) years ( FV )

a) since a 6% interest is earned each day of every payment

will use this formula : S = P( 1 + rt )

therefore  $400 paid today will a simple interest of = 400 * 0.06 * 8 = $192

$300 paid at the end of four years will earn a simple interest of = 300*0.06*4 = $72

hence FV = $ ( 400 + 192 ) + $ ( 300 + 72 ) = $964

b) when compared with eight years from now

PV = [tex]\frac{FV}{1+rt}[/tex]  = ($964) / ( 1 + (0.06*8) = $651.35

C) The difference in value for part a and part b is due to time factor and the accumulated interest hence it is better to pay $651.35 right now than to pay $964 when you pay $400 now and $300 in four years time

D) Repeating parts (a) and (b) using compound interest

using the formula : S = P( 1 + r )^t

therefore $400 paid today will have a compound interest of

= 400 ( 1.06)^8 = $637.54

$300 paid at the end of four years will earn a compound interest of

= 300 ( 1.06 ) ^4 = $378.74

hence FV = 637.54 + 378.74 = $1016.28

when compared with eight years from now

= [tex]\frac{FV}{(1+r)^t}[/tex]  = ( 1016.28 ) / ( 1.06 ) ^8    = $637.63

spel
Which approach provides technical and financial assistance for natural resource management?
The
-based approach provides technical and financial assistance for natural resource management
Phzjs

Answers

Answer:

Ecosystem

Step-by-step explanation:

edmentium <3

What is the slope m in the equation y= -2x + 5

Answers

Answer:

Answer -2/1

Step-by-step explanation:Slope is the number in front of x

The correct answer is....... the slope is 0

Find a​ point-slope equation of the line having the given slope and containing the given point.
m=−6​; ​(6​,4​)

Answers

Answer:

[tex]\boxed {y - 4 = -6(x - 6)}[/tex]

Step-by-step explanation:

Since you already have the given slope and the given point, use the Point-Slope Formula to make it a Point-Slope Form:

[tex]y - y_{1} = m(x - x_{1})[/tex]

Slope: [tex]m[/tex]

First Point: [tex](x_{1}, y_{1})[/tex]

-Substitute both the given slope and the given point:

Slope: [tex]-6[/tex]

First Point: [tex](6,4)[/tex]

[tex]\boxed {y - 4 = -6(x - 6)}[/tex] (Substituted in Point-Slope Form)

Answer:

y-4 = -6(x-6)

Step-by-step explanation:

Pre-SolvingGiven

We are given that a line has a slope of -6 and a point of (6, 4).

We want to find the equation of this line in point-slope form.

Formulas

Point-slope form is given as [tex]y-y_1=m(x-x_1)[/tex], where m is the slope and [tex](x_1, y_1)[/tex] is a point.

Solving

Substitute the value of m (which is -6) into the formula for point-slope form.

[tex]y-y_1=-6(x-x_1)[/tex]

Now, substitute 6 and 4 as [tex]x_1[/tex] and [tex]y_1[/tex] respectively.

[tex]y-4=-6(x-6)[/tex]

Kinsey purchased a bushel of large apples that weigh about 48 pounds.the bushel contains 96 apples what is the weight of one apple

Answers

Each with half a pound.

Answer:

o8uhdoularsdjgv

Step-by-step explanation:

Transformations of functions PLS HELP

Answers

Answer:

B. y = f(x-4)

Step-by-step explanation:

How many solutions exist for the system or equations graphed below

Answers

Answer:

One

Step-by-step explanation:

The solutions to a system of equations are where the lines intersect. This system will only ever intersect once, therefore there is only one solution. You can see the solution at the top right.

The number of solutions that exists for the given system of equations is one.

What does a System of Linear Equations define?

Linear equations involve one or more expressions including variables and constants and the highest exponent of the variable is 1.

System of linear equations involve two or more linear equations.

Given a graph of a system of equations.

The graph consists of two lines. So they are linear functions.

A system of linear equations can have one or infinitely many solutions and no solutions at all.

Solution of a system is the intersection point of the graph.

Here there is only one intersection point.

Hence the number of solutions is 1.

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In the model for exponential growth or decay, the amount, or size, at t=0 is represented by __ the amount, or size, at time t is represented by __

Answers

1. A0 (small 0)
2.A0^ekt

In the model for exponential growth or decay, the amount, or size, at t=0 is represented by  [tex]N=N_{0}[/tex]. and at time t is represented by [tex]N=N_{0}e^{kt}[/tex]

Let us consider that [tex]N_{0}[/tex]  is the initial amount and N is represent that amount after growth or decay in time t .

Model for exponential growth or decay is,

                                 [tex]N=N_{0}e^{kt}[/tex]

Amount at t=0 is,

                             [tex]N=N_{0}e^{k*0}=N_{0}[/tex]

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Plz help what the answer

Answers

y = -3x + 2 hope this helped you have a good day!

The function f(x) = -3/4x^2 +9/2x models, in feet, the shape of a doorway arch on a historic building. How high is the
opening of the arch?
6.75 feet
3 feet
6 feet
7.25 feet

Answers

Is has to be 7.25 feet.
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