Business, 11.02.2021 21:40 kira3039

On June 1, 2019, Splish Company sold $3,720,000 in long-term bonds for $3,262,800. The bonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. The bonds are to be accounted for under the effective-interest method. Required:
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31.

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Answer from: tenleywood

For second period

Cash interest = $3,720,000 * 8% = $297,600

Interest expenses = 3,262,800 * 10% = $326,280

Discount = $326,280 - $297,600 = $28,680

For third period

Cash interest = $3,720,000 * 8% = $297,600

Interest expenses = $3,291,480 * 10% = $329,148

Discount = $329,148 - $297,600 = $31,548

Effective interest amortization table

Annual period Cash int. Interest exp Discount Carrying amount

6/1/19 $3,262,800

5/31/20 $297,600 $326,280 $28,680 $3,291,480

5/31/21 $297,600 $329,148 $31,548 $3,323,028

5/31/22 $297,600 $332,303 $34,703 $3,357,731

5/31/23 $297,600 $335,773 $38,173 $3,395,904

Answer from: Quest

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Answer from: Quest

among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.

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On June 1, 2019, Splish Company sold $3,720,000 in long-term bonds for $3,262,800. The bonds will ma...