On January 1, 2019, Tonika Company issued a four-year, $10,000, 10% bond. The interest is payable annually each December 31. The issue price was $9,689 based on an 11% effective interest rate. Tonika uses the effective-interest amortization method. The interest expense on the income statement for the year ended December 31, 2019 is closest to:

Answers

Answer 1

Answer:

$1,065.79

Explanation:

Calculation to determine what The interest expense on the income statement for the year ended December 31, 2019 is closest to:

Using this formula

Interest expenses=Issue price * Effective Interest rate

Let plug in the formula

Interest expenses=$9,689*11%

Interest expenses=$1,065.79

Therefore The interest expense on the income statement for the year ended December 31, 2019 is closest to:$1,065.79


Related Questions

Help a business kid out:

In general, it is wise for a business to:
a. none of these answers are correct
b. strive to create negative relationships with all stakeholders to discourage competitors
c. only focus on customers, since customers provide on the revenue for the business
d. strive to create positive relationships will all stakeholders

Answers

It is wise for a business to d. strive to create positive relationships with all stakeholders.

The stakeholders include customers, suppliers, stockholders, employees, managers, governments, potential stockholders, the media, the community, and other interested parties.

A business should never create negative relationships with the above stakeholders.  While it must focus more on customers to exceed their satisfaction, they are not the only stakeholders that require satisfaction.

Thus, a wise business creates positive relationships with all its stakeholders as part of its corporate social responsibilities.

Learn more about the stakeholders of a business here: https://brainly.com/question/8003335 and https://brainly.com/question/25847981

Several types of human services are available based on the needs of the population group these include those with addiction homeless people veterans or elderly people describe some of the type of human services two of those population groups usually need.

Answers

Answer: intervansion could not be needed so the person the intervansion is relaize exactly

Explanation:

Hope it helps

Veterans sometimes are homeless, so veterans and homeless people need a place to stay. Some Veterans, also have PTSD so they need therapy. Elderly people either need help from someone or a retirement house.

Which statement explains how a credit card is a form of financial exchange?

A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.

A credit card can be used to pay for services, and the user agrees to pay these charges at a later time.

Each credit card has a certain monetary value, which users exchange with each other like currency.

Credit cards are paper documents that users write on to indicate the amount being paid to a merchant.​

Answers

Answer:

A credit card can be used to pay for goods, and the charges are immediately deducted from the user's account.

Because the Patel family bought a home this year, they are allowed to claim this expense on their tax return. By doing this, their taxable income should be lowered, thus requiring them to pay less taxes. What does this claim BEST demonstrate?


a standard deduction


an itemized deduction


an earned income credit


an adjusted gross income

Answers

Answer: an itemized deduction

Explanation:

From the information given, we can infer that since their taxable income is lowered, thus requiring them to pay less taxes, this is an itemized deduction.

An itemized deductions refers to the expenses that can be claimed km the tax return which in turn will help in the reduction if the individual's taxable income.

Examples of such expenses are interst aoid on home mortgage, medical expenses, taxes, charity donation etc.

Answer:

an itemized deduction

Explanation:

It is time for you to schedule a dental checkup. The responsible thing to do is to _____.

Make the appointment for first thing in the morning so you can enjoy the entire day off work.

Make the appointment for during lunch time so you work can take a long lunch

Make the appointment for Friday afternoon so you only miss half a day's work

Make the appointment either before or after work in such a way that it has little or no effect on your work schedule

Answers

Answer:

Make the appointment for first thing in the morning so you can enjoy the entire day off work.

Explanation:

it would be the last choice

what is a form in computer?​

Answers

In a database context, a form is a window or screen that contains numerous fields, or spaces to enter data. Each field holds a field label so that any user who views the form gets an idea of its contents. A form is more user friendly than generating queries to create tables and insert data into fields.

write a sample complaint for a customer gaining a food born illness from a restaurant

Answers

After going to (restaurant name) I have become ill from the food they are serving.

Answer:

mk

Explanation:

Diversification is least effective when security returns are _____.

A) High
B) Negatively correlated
C) Positively Correlated
D) Uncorrelated

Answers

Answer:

B Negatively correlated

the answer would be B

According to the video, what activities are affected by Market Research Analysts? Check all that apply. pricing advertising hiring production placement shipping

Answers

Answer:

Pricing, advertising, production, & placement

Explanation:

Just answered

Answer:

pricing

advertising  

production

placement

Explanation:

I got it right on edge

what is line ????????????​

Answers

Answer:

njn

Explanation:

Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $60,000 in fixed costs. Of the fixed costs, $15,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: Group of answer choices a decrease of $15,000. a decrease of $30,000. an increase of $15,000. an increase of $30,000.

Answers

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Spending that is required by law is known as
O discretionary spending
O deficit spending,
O mandatory spending.
O expansionary spending.

Answers

When a certain type of spending is required by law then it is known as Mandatory spending.

What is mandatory spending?

This is a part of the U.S. government federal budget. The things to be spent on are required by law to be spent on so if these things are ignored, it would be illegal.

Examples of mandatory spending in the U.S. include social security and Medicare.

In conclusion, option C is correct.

Find out more on mandatory spending at https://brainly.com/question/3652550.

Answer:

C) mandatory spending

Explanation:

hope it helps!!!!

During which stage of the new product development process do companies usually apply for patents?

A. commercialization

B. market testing

C. business analysis

D. prototype development

Answers

Answer:

Explanation:

prototype development

Answer is d hope this helps

In Ohio, what is the typical salary for a cost estimator who is in the top 10%?

Answers

Answer:

The  typical salary for a cost estimator who is in the top 10% is $117,272

Explanation:

The salary of cost estimator in Ohio ranges between $54418 to $117,272.

$117,272 lies in the top 10% while the bottom 10% get $54418

On an average, the salary of cost estimator falls between $66,800 and $99,700

Why is it important to use standard English when applying for a job?

Answers

Answer:

You use standard English when applying for a job because in the U.s, the largest spoken language is English, making the language your go-to language for applying for jobs, starting a company, etc. If you use any other language, there is a high chance that the employer will not understand and you may get rejected.

Job is termed as the situation or the circumstances when the individual works under the boss or the employer. It is the best chance for the individual to show its best performance and get appraised by the employer.

English is a widely spoken language in many parts of the world, and it is one of the most frequently spoken languages on the planet. It is an official language in 53 countries throughout the world. It is the world's most widely spoken language. As a result, a command is required for this language.

When applying for a job, you use standard English because English has been the most frequently spoken native tongue, making it your go-to language for seeking employment, owning a business, and so on.

If you speak any of the other languages, there's a good chance the employer won't understand your language and you'll be turned down.

To know more about the Standard English language, refer to the link below:

https://brainly.com/question/305668

. Give 2 examples of things teens should not be allowed to do at work due to safety reasons and list why you think those were made into laws?

Answers

Can’t work a certain amount of hours and I think that was made so they wouldn’t over work us because we not only have school and we then to have a job it would have to fit perfectly with school schedule.

YOUR ASSIGNMENT: 1. You are a single person with no dependents, earning a salary of $47,810. You have no adjustments to your income. Use the information provided to find your taxable income. Use this equation: taxable income = gross income - (adjustments + deductions + exemptions) Then find your tax liability. Explain how you found your answer. (6 points: 3 for the correct answer, 3 for the supporting explanation)​

Answers

Answer:

GHVTUFFTUFT

Explanation:

Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never

Answers

Answer:

A. This common law offer will expire after a reasonable period of time.

Explanation:

Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned

Therefore the correct option is a.


It was a meat-eating dinosaur. It was about 30 feet long. It had
huge jaws, sharp teeth and claws.It had the ability to run swiftly
which made it a frightening enemy.​

Answers

Answer:

T-rex

Explanation:

Need help with this question, thanks

Answers

Answer:

The 1st left one: Corona

Below it: Core

Beside Corona: Prominence

Below it: Photosphere

Below it: Sunspot

Hope it helps!!!

please help me i reallu need your help

Answers

Answer: ok I can help but where is the question? :)

Explanation:

Answer:

what's the question??

..................._.....................

On December 31, 2020, Berclair Inc. had 400 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Five million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $650 million.

Answers

Answer: $1.51 per share

Explanation:

Here's the question:

Compute Berclair's earnings per share for the year ended December 31, 2021.

Firstly, we.calculate the weighted average number of shares outstanding which will be:

= ( 400 × 12/12 × 1.05 ) - ( 30 × 10/12 × 1.05 ) + ( 5 × 3/12 )

= 420 - 26.25 + 1.25

= 395 million

Then, we calculate the preferred dividend which will be:

= 6 × 100 × 9%

= 6 × 100 × 0.09

= 54 million

Earnings per share will be:

= ( Net income - Preferrred dividend ) / Weighted average number of shares outstanding

= ( 650 - 54 ) / 395

= 596 / 395

= $1.51 per share

Berclair's earnings per share is $1.51 per share

Check the ONE factor that is NOT used to determine the best channel to send a message. *

Importance of the message

Amount and speed of feedback

Necessity of a permanent record

Cost of the channel

Degree of formality desired

Confidentiality and sensitivity of the message

Concern of your audiences response

Receiver's preference and level of technical expertise

Answers

Answer:

Concern of your audiences response.

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

The Sender Message Channel Receiver (SMCR) model of communication was developed and created by David Berlo in 1960. SCMR was developed from the Shannon-Weaver model of communication of 1949.

The SCMR model of communication comprises of four (4) main components and these are;

1. Sender (S) : this is typically the source of information (message) or the originator of a message that is being sent to a receiver. Thus, they are simply the producer of a message.

2. Channel (C) : this is the medium used by the sender for the dissemination or transmission of the message to the recipient. For example, telephone, television, radio, newspapers, billboards etc.

3. Message (M) : this is the information or data that is being sent to a recipient by a sender. It could be in the form of a video, audio, text message etc.

4. Receiver (R) : this is typically the destination of information (message) or the recipient of a message that is being sent from a sender. Thus, the receiver is any individual who is able to read, hear or see and process the message being sent or communicated in the communication process.

The factors used to determine the best channel to send a message includes the following;

I. The importance of a message

II. The amount and speed of feedback from the receiver (recipient).

III. The need for a permanent record of the message.

IV. Cost of the channel.

V. The degree of formality desired by the sender of the message.

VI. Confidentiality and sensitivity of the message being sent.

VII. The preference and level of technical expertise of the receiver (recipient).

The exchange rate between non-fixed currencies continuously fluctuates. The following chart shows the exchange rate of the pound sterling to the Japanese yen over a period of six days. Day £:¥ Monday 1:141.014 Tuesday 1:138.650 Wednesday 1:149.890 Thursday 1:144.209 Friday 1:148.176 Saturday 1:143.008 Tina has £72.90 to turn into yen. How much greater is the amount of yen she would receive if she made her trade on the most favorable day than if she made her trade on the least favorable day

Answers

Answer: D

Explanation: just took it

The greater the amount she would receive if she traded on the most favorable day as opposed to the least favorable day is ¥819.396.

What is the difference in the value of the trade?

Exchange rate is the amount of one currency that is traded for another currency.

The most favorable time that the trade can be executed in when the yen has the highest value while the most unfavorable time the trade can be executed is when the yen would have the lowest value.

Most favorable trade : £72.90 x 149.890 = 10,926.98Least favorable trade:  £72.90 x 138.650 = 10,107.59Difference in trade =  10,926.98 -  10,107.59 = 819.396

To learn more about exchange rate, please check: https://brainly.com/question/25780725

#SPJ2

John decided to leave his job and open a bookshop in the city center. He was working as an engineer before and getting an annual salary of $35000. For the bookshop he paid $20000 for his worker, $15000 for rent, $10000 for utilities. He used his savings that was equivalent to $60000 at an interest rate of 7%. He bought all the books that he planned to sell by his savings. If he opens his bookshop in mall rather than city center his profit was predicted to be $25000. At the end of the first year his revenue from sales was identical to $210000. For John a) Calculate the implicit costs. b) Calculate the explicit costs. c) Calculate the total cost. d) Calculate his profit/loss. e) Should he continue to the business or go back to his job?

Answers

Answer:

a) Calculate the implicit costs

Implicit costs are the opportunity costs, the earnings that John forgone for running his business. These are:

His $35,000 annual salary as an engineer.

His $60,000 savings earning a 7% interest rate, for a total annual return of $64,200,

So his total implicit costs are 35,000 + 64,200 = $99,200

b) Calculate the explicit costs.

The explicit costs are the things John has to actually pay money for while running his business: 20,000 for his worker + 15,000 for rent, and 10,000 for utilities = 45,000 in total.

c) Calculate the total cost.

Total costs = implicit costs + explicit costs

Total costs = 99,200 + 45,000

Total costs = 144,200

d) Calculate his profit/loss.

His accounting profit is the revenue he obtains from his business minus his explicit costs:

accounting profit = 210,000 - 45,000 = 165,000 profit

His economic profit is the revenue minus his total costs

economic profit = 210,000 - 144,200 = 65,800 profit

e) Should he continue to the business or go back to his job?

He should continue running his business because he is earning both an economic profit and an accounting profit compared with what he was earning as an engineer + his savings.

M Corporation produces and sells Product D. To guard against stockouts,

the company requires that 25% of the next month's sales be on hand at the end of each month. Budgeted sales of Product D over the next four months are:


Budget sales in units: June 40,000 / July 60,000 / August 50,000 / September 80,000


Budgeted production for August would be:


a. 57,500 units

b. 107,000 units

c. 77,000 units

d. 80,000 units

Answers

Answer:

Production= 57,500 units

Explanation:

Giving the following formula:

Desired ending inventory=  25% of the next month's sales

Budget sales in units:

August 50,000

September 80,000

To calculate the production for August, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 50,000 + (80,000*0.25) - (50,000*0.25)

Production= 57,500 units

True or False? A general partnership protects partners from the debts of the company.

Answers

Answer:

True

Explanation:

Do you need an Explanation? Or no??

True!!

Hope I helped you out

Help needed ASAP! Will give brainliest;)

Ivan is starting his own pet store in his neighborhood. Where should he go to obtain a business license and permits?

A). County courthouse

B). Internal Revenue Service

C). Post office

D). Bank

Answers

Answer:

b

Explanation:

Answer:

Before opening up shop, all business owners need to obtain a business license from their state and perhaps even their local jurisdiction. Some states also require pet stores to obtain a specific pet shop license. The license application may ask you to list the types of animals you'll be selling and provide a detailed floor plan of the shop. Pet shop owners won't be able to operate their business until they get at least a general business license from their state if a pet shop license isn't required.

A is correct

Explanation:

Mark brainiest

which of the following is one of the major factors determining the level of wages.​

Answers

Following factors influence the determination of wage rate:
Ability to Pay: ADVERTISEMENTS: ...
Demand and Supply: ...
Prevailing Market Rates: ...
Cost of Living: ...
Bargaining of Trade Unions: ...
Productivity: ...
Government Regulations: ...
Cost of Training:

"In the United States, currency holdings per person average about" a. $110; one explanation for this relatively small average is that many people use credit and debit cards to make transactions. b. $110; one explanation for this relatively small average is that U.S. citizens hold a lot of foreign currency. c. $4,490; one explanation for this relatively large amount is that criminals probably prefer currency as a medium of exchange. d. $4,490; one explanation for this relatively large average is that U.S. citizens hold a lot of foreign currency.

Answers

Answer:

"In the United States, currency holdings per person average about"

a. $110; one explanation for this relatively small average is that many people use credit and debit cards to make transactions.

Explanation:

Many persons in the United States prefer the use of credit and debit cards to cash because they make it easier to settle transactions.  Whereas a debit card allows one to spend money from deposited funds at the bank, a credit card gives the holder the ability to borrow money from the card issuer to purchase items or withdraw cash.   There are credit card limits so that the cardholder does not withdraw above an established limit.

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What is the volume of this solid? Which two details, one from each excerpt, show how the two excerpts treat the concept of voting rights similarly?Passage 1The Afteenth Amendment to the United States Constitution (1870)Resolved by the Senate and House of Representatives of the United States of America in Congress Assembled ... That the following article beproposed..., which, when ratifled by three fourths of sald legislatures, shall be valid as part of the Constitution, namely:Article XV.Section 1. The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account ofrace, color, or previous condition of servitude-Section 2. The Congress shall have the power to enforce this article by appropriate legislation.And, further,... that the amendment to the Constitution...has been ratified by the legislatures of... all twenty-nine states.Passage 2excerpt from United States Supreme Court Decision in Smith v. Allwright (1943)Lonnie E. Smith, an African American from Texas, sued to overturn a 1923 state law declaring that only white citizens could vote in Texas'sDemocratic Party primary elections. Lower courts had ruled that political parties were private organizations and could make their own rules. TheSupreme Court's landmark decision held that Texas's all-white Democratic Party primaries were unconstitutional.The United States is a constitutional democracy. Its organic law grants to all citizens a right to participate in the choice of elected officials withoutrestriction by any state because of race. This grant to the people of the opportunity for choice is not to be nullified by a state through casting itselectoral process in a form which permits a private organization to practice racial discrimination in the election. Constitutional rights would beof little value if they could be thus indirectly denied. who ever gets this will get a brainlest Please solve the question in the photo. How can an installation be a tool for community building?O A. By encouraging people to stay home and work on their owncreative projectsO B. By taking people's cars away so that they have to travel by bus ortrainC. By giving people a shared experience and making them feel thatthey belong to a communityO D. By highlighting people's individual experiences and feelings aboutcreative works How can we create a new element by combining all the other elements (1.) Dos hombres ___(robar)___ el banco Fiesta.(2.) Se ___(llevar)___ mucho dinero, me parece.(3.) La polica ___(buscar)____ por todos lados, pero an ellos no (4.)___(encontrar)___ a los culpables.(5.) Las personas en el banco ___(tener)___ miedo porque los criminales les (6.) ___(asustar)___ con pistolas y amenazas. (7.)__(Ser)___ un acontecimiento bastante triste.(8.) Afortunadamente, nadie __(morir)___.(9.) El banco __(cerrar)___ a causa de todo esto.(10.) Esto es todo lo que __(pasar)___. (1) The world's largest rodent is an animal called the capybara. (2) These animals are usually the size of medium-sized dogs. (3) They weigh an average of 100 pounds. (4) Capybaras have coarse, brown fur. (5) Because they are social animals, capybaras usually live in groups. (6) Capybaras make clicking and squeaking noises to communicate with each other. (7) They live in Central and South America and spend time on dry land and in water. (8) Capybaras eat plants such as grasses and leaves. Lily decided to revise the paragraph by combining sentences 2 and 3 this way: These animals, which are usually the size of medium dogs, weigh an average of 100 pounds. Did Lily combine the sentences appropriately for this paragraph? A) yes, because the two ideas are related B) no, because dogs cannot ever weigh 100 pounds C) yes, because the paragraph looks better this way D) no, because the new sentence does not make sense Why were guidelines like these necessary during the civil rights movement?White people had not used bus transportation before this time.Racial tensions were high due to the end of the Montgomery Bus Boycott.Bus drivers had not been trained to diffuse tense situations.African Americans had instigated several violent encounters during the boycott. I need some help plz answer!please answer both of these problems, they are really confusing Simmel believed that 2 main forces create gender inequality. True or False Given: g(x)=2x^2+x+3 find: g(3) The skeletal system provides support to the body, which is most likely due to___It is made of many different minerals, which help form strongbones to aid in support.options: 1.it's makeup 2.it's function 3.it's shape Image shown below of a chemistry question i would really appreciate the help Clothes company produce suites the variable cost to make each one is $20 each and sells them for $30 each. The cost to rent for the factory is $400. How many suits the company should sell to break-even point? what is the median of 82, 4, 94, 4, 60, 91And what is the mode and range Exercise 9-5 Writing off receivables LO P2 On January 1, Wei Company begins the accounting period with a $30,000 credit balance in Allowance for Doubtful Accounts. On February 1, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Co. and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts. On June 5, the company unexpectedly received a $900 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. Which of these statements explains why the plants in Groups E and F died? The high sugar content caused too much water to move into the root cells. The high sugar content caused too much water to move into the root cells. The high sugar content clogged the pores in the cell membranes. The high sugar content clogged the pores in the cell membranes. The high sugar content prevented the plant from capturing energy. The high sugar content prevented the plant from capturing energy. The high sugar content caused too much water to move out of the root cells. Need Help with this urgently, please only right answersRR = Red WW = White RW = roan1. A roan cow is crossed with a red cow.What percent of the offspring will be red?2. A red cow is crossed with a white cow.What percent of the offspring will be roan?3. A roan cow is crossed with a white cow.What percent of the offspring will be roan?What percent will be red?What percent will be white? Solve for the following byFACTORING:x2 + 15x + 56 = 0