On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $180,181, priced to yield 10%. Using the straight-line method, what is the amount of interest expense that Willette will report for the six months ended June 30, Year 1?

Answers

Answer 1

Answer:

$10,191

Explanation:

Calculation for the amount of interest expense that Willette will report for the six months ended June 30, Year 1

First step is to calculate the Semiannual interest payment using this formula

Semiannual interest payment = Face amount × (Rate ÷ 2)

Let plug in the formula

Semiannual interest payment = $240,000 × (6% ÷ 2)

Semiannual interest payment= $7,200

Second step is to calculate the Allocation of discount using this formula

Allocation of discount = (Face value of bonds − Issue price) ÷ Number of interest payments

Let plug in the formula

Allocation of discount = ($240,000 - $180,181) ÷ (10 years × 2 payments per year)

Allocation of discount = $59,819 ÷ 20

Allocation of discount = $2,991

Now let calculate the Interest expense using this formula

Interest expense = Interest payment + Allocation of discount

Let plug in the formula

Interest expense = $7,200 + $2,991

Interest expense = $10,191

Therefore the amount of interest expense that Willette will report for the six months ended June 30, Year 1 will be $10,191


Related Questions

the nature of goods and services demanded in a society depends upon_____


a-fashion trends
b-people's attitude,customs,socio-cultural values
c-future expectations
d-none of these

Answers

Answer:

b. people's attitude,customs,socio-cultural values

hope it helps!

please mark as the brainliest if it is correct!

The nature of goods and services demanded in a society depends upon people's attitudes, customs, and socio.

What is demand?

Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the number of things that consumers are prepared and willing to purchase at various prices within a specific time frame.

A tangible object that buyers want or own is good. Despite not being a material or physical object, consumers nevertheless desire services. A service can frequently be delivered remotely as well. There are certain examples are there goods that are automobiles, appliances, and clothing. Examples of services are legal advice.

Therefore, Thus option (B) is correct.

Learn more about the demand here:

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#SPJ2

Which business environment are SMEs part of? Micro, market,macro environment and why

Answers

Answer:

Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.

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soul is a music genre that evolved from the songs made out of loneliness by​

Answers

Answer:

if you're asking what the origin of soul is, the it is the loneliness by slaves

does anyone else's parent threaten to abuse them when you do bad in school or is it just me?

Answers

Answer:

.....

Explanation:

wow-

an object is placed at a distance of 20cm from convex lens of focal length 15cm find the image distance​

Answers

Answer:

Image distance = 60 cm

Explanation:

Object distance from a convex lens = 20 cm

Focal length of convex lens = 15 cm

Use the following relation between the object distance, focal length and image distance.

[tex]\frac{1}{object\,\,distance}+\frac{1}{image\,\,distance} =\frac{1}{focal\,\,length}[/tex]

[tex]\frac{1}{20}+\frac{1}{image\,\,distance}=\frac{1}{15}\\\\ \frac{1}{image\,\,distance}= \frac{1}{15}-\frac{1}{20}\\\\ \frac{1}{image\,\,distance}= \frac{4-3}{60} \\\\ \frac{1}{image\,\,distance}=\frac{1}{60}[/tex]

Therefore,

Image distance = 60 cm

Preliminary interviews are only required for the highest paying positions.

True or False?

Answers

False, because there’s lots that r like that

Read the excerpt from “The Monkey's Paw.”
Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said, slowly. "It seems to me I've got all I want."
"If you only cleared the house, you'd be quite happy, wouldn't you?" said Herbert, with his hand on his shoulder. "Well, wish for two hundred pounds, then; that'll just do it."
His father, smiling shamefacedly at his own credulity, held up the talisman, as his son, with a solemn face, somewhat marred by a wink at his mother, sat down at the piano and struck a few impressive chords.
"I wish for two hundred pounds," said the old man distinctly.
A fine crash from the piano greeted the words, interrupted by a shuddering cry from the old man. His wife and son ran toward him.

Which phrase indicates a change in mood within the excerpt?

“struck a few impressive chords”
“smiling shamefacedly at his own credulity”
“a fine crash from the piano”
“interrupted by a shuddering cry”

Answers

Answer:

“smiling shamefacedly at his own credulity”

Explanation:

Answer:

its c

Explanation:

Describe the poverty trends in India for the period 1993 to 2012.

Answers

Answer:

There was a substantial decrease in poverty in India from about 55% in 1973 to 36% in 1993.

The proportion of people below the poverty line further came down to about 26% in 2000.

If the current trend continues then people below poverty line may come below 20% in the next few years.

Although the percentage of people below the poverty line is decreasing from 1973 the number of people living below the poverty line remain the same(about 320 million(

The latest estimate indicates a significant reduction in the number of poor to about 260 million.

what are the important features of utility?​

Answers

Answer:

Utility is the want-satisfying power of a commodity. It is the satisfaction, actual or expected, obtained from the consumption of a commodity. Characteristics of Utility are: Utility is psychological: It depends on the mental attitude and assessment of the person consuming the commodity and also his likes and dislikes.

what are some of the products variables that may be considered in product development?​

Answers

answer:

Cost. One major factor that affects product design is the cost of production including material costs and labor costs. ...

Ergonomics. The product needs to be user friendly and afford convenience in its function. ...

Materials. ...

Customer Requirements. ...

Company Identity. ...

Aesthetics. ...

Fashion. ...

Culture.

What do taxes pay for? a. Schools, government departments, roads, and emergency services
b. Privately-owned businesses
c.Operation of financial institutions
d. None of the above​

Answers

A

Because thats what the government gets in order to pay for everything we have that is for the Public

Taxes are payed for the development of schools, government departments, roads and emergency services. They are payed by the citizens of a country.

What are taxes ?

A tax is defined as payments or charge of money on the tax payers. They are the levy imposed by the government on its citizens to fund development projects and government schemes for its people.

Why are taxes paid ?

It is the main source of revenue for the government.

The money collected is spent to maintain and develop public infrastructure and fund public services through welfare programs.

Learn more about "tax" here :

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What type of contract is a hire purchase agreement?

Answers

Agreeing to purchase goods in installments over a period of time is the foundation of hire purchase. It is almost identical to an installment plan, except that in a hire purchase, the seller owns the goods until you make the final payment (like lease-to-own or rent-to-own).

In a restaurant, how does a poor kitchen layout impact the staff?
Poor kitchen layout results in poor _______ in staff.

Answers

Answer:

Effeciency

Explanation:

In a restaurant, how does a poor kitchen layout impact the staff?

Poor kitchen layout results in poor EFFICIENCY in staff.

(03.04 LC)
Which federal legislation gives consumers the right to know what is in their credit
report?

Answers

Answer:

The Fair And Accurate Credit Transaction Act (FACTA)

Explanation:

Sales of quilt covers at bud​ banis's discount department store in carbondale over the past year are shown below. management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months​ (march, april,​ may, and​ june):

Answers

Answer:

The MAD is 15.50

Explanation:

Note: The question was incomplete, please find the attached complete question.

MAD for forecast

MAD refers to mean absolute deviation.

MAD determines the forecasted value of the demand from the actual demand.

MAD is described as a mean deviation for every period in absolute terms.

The MAD is calculated as follow

Month ____ Sales Units ___ Forcasted Value ____ Absolute deviation

____________ X _____________ Y ______________ |X – Y|  

March _____ 101 units _______ 120 units __________ 19 units

April ______ 96 units ________114 units ___________18 units

May _______89 units ________112 units ___________23 units

June______ 108 units ________110 units ___________2 units

Total absolute Deviation ________________________ 62 units

Calculate the Mean of absolute Deviation as follow

Mean of absolute Deviation as follow = Total absolute Deviation / Numbers of months

Mean of absolute Deviation as follow = 62 units / 4 months

Mean of absolute Deviation as follow = 15.50 per month

Mean of absolute Deviation as follow = 15.50

The opposite of 'always' is
(i)
(ii) never
ever
(iii) frequent (iv) often
Ans.​

Answers

the opposite of always is

never ever

Car crashes in the United States result in high costs. In what areas do these high costs occur?

Select the 2 answer options that apply.

Money


Work time


Human lives


Sleep

Answers

Answer:

human lives and money i took that quic

I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)

Answers

Answer:

I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.

An example of this operating expense is checkout counters.

1) Advertising
2) Fixtures
4) Rent
5) Equipment

Answers

Im pretty sure its 2) Fixtures

Sorry if its wrong

Answer:

On EDGE it's A. Fixtures

Explanation:

The answers are listed wrong here for the edge question but it is fixtures for either.

(e) Choose the gerund form of the verb from the following.
(1) swim (ii) swimmer (ii) swam
(iv) swimming​

Answers

Answer:

I believe the answer is swimming. I apologize if it is not. I hope this helped a little.

LETS DEBATE AB ABORTION.

Answers

I’m pro choice but respect everyone’s opinion:)

Answer:

i dont like the idea of them but if  you must get one to survive then do it

Explanation:

A $5,000,000 issue of construction bonds were sold at par by he capital projects fund, Debt issuance costs included administrative fees of $45,000 and prepaidinsurance costs of $5,000.


Prepare in general journal form the necessaary entries in the governmental activities and approppriate fund journals for each transaction. Expanations may be omitted, For each entry you prepare, name the fund on which the entry should be made.

Answers

Answer and Explanation:

The journal entries are shown below:

Cash Dr $5,000,000

     To Bond proceeds $5,000,000

(Being issuance of the constructions bonds are recorded)

Debt issuance cost  $50,000

        To Cash $50,000

(Being debt issuance cost is recorded)

Cash $4,950,000

Debt issuance cost $50,000

        To Bond Proceeds $5,000,000

(being issuance of the construction bond is recorded)

1. Which of the following is the money or other resources needed to pay for a part or
parts of the company?
A. Investment
B. Purchasing cost
C. Grant
D. Finance

Answers

Answer:

A. Investment

Explanation:

The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.

what is turgidity
..............​

Answers

Answer:

Turgidity is the state of being swollen or turgid,

An investor thought that market interest rates were going to decline. He paid $19,000 fora corporate bond with a face value of $20,000. The bond has an interest rate of 10% per year payable annually. If the investor plans to sell the bond immediately after receiving the 4th interest payment, how much will he have to receive (sell it for) in order to make a return of 14% per year?

Answers

Answer:

$22,251

Explanation:

Coupon rate = $2,000

Now, we calculate the seired sale price of the bonds:

19,000 = 2,000[P/A, 14%, 4] + S[P/F. 14%, 4]

19,000 = 2,000(2.9137) + S(0.592)

S = (19,000 - 5,827.4) / 0.592

S = 22251.01351351351

S = $22,251

So, he have to receive $22,251.

what would wages look like if there was no minimum wage?

Answers

Answer:

if changed now they'd probably stay the same

Explanation:

people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol

A person who is a good employee of a multinational company means that he is fit to be an entrepreneur. TRUE or FALSE

Answers

I believe it’s true but I could be wrong

The accompanying chart shows the qualitative characteristics of useful accounting information. Fill in the blanks. Fundamental Qualities Usefulness Enhancing Qualities Relevance Consistency select an aspect of relevance select an enhancing quality select an aspect of relevance select an enhancing quality select an aspect of relevance select an enhancing quality Understandability Faithful Representation select an aspect of faithful representation Neutral select an aspect of faithful representation

Answers

Answer:

Follows are the solution to this question:

Explanation:

please find the attached file.

In point a the answer is "predictive value", Its sensitivity and precision of the results as well as diseases pervasiveness throughout the populace being tested involve determining predictive power.

In point b, the answer is "confirmatory value" which allows users to check and verify previously estimated or assessments.

In point c, the answer is "materiality" is the importance of certain facts to a sensible user throughout the decision-making and also how their incorporation in the financial reports will impact the assessment of past, portray, and upcoming things.

In point d, the answer is complete.

In point e, the answer is free of error.

In point f, the answer is "comparability " its quality of financial reports, which involves comparing yet another company's financial reporting with yet another firm's earnings reporting.

In point g, the answer is "verifiability " must be verified by the same information and hypotheses.

In point h, the answer is "timeliness "it is a prompt method that is how quickly taking account data for users is accessible.

what are the components of micro environment​

Answers

Explanation:

the factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.

hope this helped :)

A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%

Answers

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

The interest rate will be:

= [tex]\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}[/tex]

On substituting the given values, we get

= [tex]\frac{800}{50,000}[/tex]

= [tex]0.016[/tex]

i.e.,

= [tex]1.60 \ percent[/tex]

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