On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 12% bonds with a book value of $967,000. The indenture specified a call price of $983,500. The bonds were issued previously at a price to yield 14% and interest payable semi-annually on July 1 and January 1. Tiny Tim called the bonds (retired them) on July 1, 2021. What is the amount of the loss on early extinguishment

Answers

Answer 1

Answer:

$8,810

Explanation:

Calculation for What is the amount of the loss on early extinguishment

First step is to calculate the Call price of bond

Call price of bond=$967,000 + ($967,000*(14%/2)) - ($1,000,000*(12%/2))

Call price of bond= $967,000 + ($967,000*7%) - ($1,000,000*6%)

Call price of bond=$967,000+$67,690+$60,000

Call price of bond= $974,690

Now let calculate the Amount of loss on early extinguishment

Amount of loss on early extinguishment = $983,500 - $974,690

Amount of loss on early extinguishment = $8,810

Therefore Amount of loss on early extinguishment will be $8,810


Related Questions

Instructions: Enter your answers as whole numbers.

Answers

A. 90, 000 B. 90, 000 C. 90, 000 D. 90, 000. Since the the Spanish consumers are indifferent between the domestic and imported product, hence, demand and supply remain constant at same price, €1 per cap.

What is Supply?

In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object.

Therefore, the correct answers are as given above.

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Given the true/false statements are true (facts), select the best logical induction made from those statements:
Betsy likes oranges. Jose does not like oranges. Benjamin likes oranges.
a. People only like oranges
b. People like apples and oranges
c. People like all fruit
d. People do and do not like oranges

Answers

The best logical induction that can be made is d. People do and do not like oranges.

What is logical induction?

This refers to making a generalization about a population based on individual pieces of information about the population's members.

Betsy and Benjamin like oranges but Jose does not. This means that people can either like or dislike oranges.

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Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transferred 4,150 sets of skis to finished goods. At the end of the accounting period, 480 sets of skis were estimated to be 50 percent complete. Total product costs for the finishing department amounted to $285,350.

Required

Determine the cost per equivalent.

Determine the cost of the goods transferred out of the finishing department.

Determine the cost of the finishing department’s ending work in process inventory.

Answers

The various costs for Solomon Ski Company during the recent accounting period are determined as follows:

1. Cost per equivalent unit is $65.

2. Cost of finished goods transferred out from the finishing department is $269,750.

3. Cost of the ending WIP inventory is $15,600.

What is the cost per equivalent unit?

The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.

The equivalent units of production depend on the degree or percentage of completion for the various cost classes.

Data and Calculations:

Transfer to finished goods = 4,150

Ending inventory = 480

Degree of completion of the ending inventory = 50%

Total equivalent units = 4,390 (4,150 + 480 x 50%)

Total production costs = $285,350

Cost per equivalent unit = $65 ($285,350/4,390)

Cost of finished goods = $269,750 ($65 x 4,150)

Cost of the ending WIP = $15,600 ($65 x 240)

Thus, equivalent units refer to the degree of work completed per unit.

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If a project costing $92000 has a profitability index of 1 and the discount rate was 12%, then the present value of the net cash flows was

a. undeterminable.
b. less than $92000.
c. $92000.
d. greater than $92000.

Answers

The present value of the net cash flows was $92,000.

Given,

Project costing = $92000

Profitability index = 1

the discount rate was 12%

The profitability index (PI) quantifies the allure of a project or investment.

The present value of anticipated future cash flows is divided by the project's initial investment to determine the PI.

A PI of at least 1.0 is considered to be a decent investment, with higher levels indicating more alluring projects.

Using the Profitability index formula,

Profitability index = Net Present value of cash inflows / Initial Investment

1 = Present value of cash inflows / $92,000

Present value of cash inflows = $92,000

Hence, the present value of the net cash flows was $92,000.

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Which of the following is true regarding images on a website?

Answers

Use HTTPS:// and not HTTP:// of the following is true regarding images on a website's structure and navigation.

Option B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.

Images Grab Attention and Evoke Emotions

Images are an easy way to improve the user experience of your website. 90% of all the information we perceive and transmit to our brain is visual. Images help grab attention and guide the visitor's eye.

Choosing high-quality images that are interesting, high resolution, and appropriately sized will make your site look more professional. Avoid images that can be easily ignored, such as B. Blurry or too small images.

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Disclaimer: The question was incomplete. Please find the full content below.

Question

Which of the following is true regarding images on a website's structure and navigation?

A) A website’s structure should be at least five layers.

B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.

C) It is best to have several pages that are not internally linked.

D) A higher bounce rate typically leads to more conversions.

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calculate the break even sales dollars if the fixed expenses are $7000 and the contribution ratio is 40%?

Answers

Explanation:

break even points is the situation where thier is no profit or loss

the formula for break even point is fixed cost divided by contribution

break even = fixed cost

_________

contribution

fixed cost = $7000

contribution = 40%

= 7000/40

= 175

Break even points is the situation where their is no profit or loss. The break-even sales in dollars is $17500.

Determine the volume of output or a specified ideal sales mix by performing a break-even analysis. As the meter and computations are not used by other parties like investors, regulators, or financial institutions, the study is exclusively for a company's management to use.

The formula for break even point is fixed cost divided by contribution.

Given,

Fixed cost = $7000

Contribution = 40%

Break-even sales = $7000/40%

                             = $17,500

Therefore, $17500 is the break even sales dollars.

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What is principle of management?

Answers

Answer:

principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.

The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also ___________.
Select one:
A.
reliable
B.
valid
C.
comprehensive
D.
All of these
E.
None of these

Answers

The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also D. All of these.

What is the usefulness of  Myers-Briggs Type Indicator?

Myers-Briggs Type Indicator serves as a tool that gives individuals the understanding of  their own communication preference.

It should be noted that  Myers-Briggs Type Indicators are:

reliablevalidcomprehensive

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The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also option D. all of the above. Read below about Myers-Briggs Type Indicator

What is Myers-Briggs Type Indicator?

The Myers-Briggs Personality Type Indicator is a self-report inventory designed to identify a person's personality type, strengths, and preferences. The questionnaire was origibated by Isabel Myers and her mother Katherine Briggs in connection to their work with Carl Jung's theory of personality types.

Therefore, the correct answer is as given above. Option D. all of these is the correct answer.

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Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm will have to hire another employee and pay them $50,000 per year to run the machine. What is the initial outlay for this machine?.

Answers

Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

How much is the initial outlay?

This can be found as:

= Cost of purchasing machine + Installation and delivery cost

Solving gives:

= 237,500 + 5,750

= $243,250

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ENG-114-02E-2022SP-Prof Research & Reporting

Answers

ENG-114-02E-2022SP-Prof Research & Reporting involves teaching professional communication skills.

What is Communication?

This is the act of exchanging information through different types of medium such as writing etc.

The course above is taught with the use of articles reviewed by peers for as better understanding of how to communicate better in this type of scholarly environment.

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which profession do you prefer to choose for your career engineer or doctor why​

Answers

Answer:

doctor

Explanation:

because if you are an engineer you will work harder then a doctorans you will get more money when your a doc

A measure of the burden of continual deficit financing over time is the ratio of:.

Answers

A measurement of the burden of continual deficit financing over time is the ratio of the debt to the GDP.

Budget Deficit

A budget deficit emerges when costs exceed revenue, and can indicate the financial health of a country. The government normally uses the period budget deficit when referring to spending rather than firms or individuals. Accrued deficits form national debt.

One of the direct risks of a budget deficit is inflation, which is the constant boost of price levels. In the United States, a budget deficit can compel the Federal Reserve to release more money into the economy, which feeds inflation.

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while you were assessing shift lead touch points you noticed that the. temperature on the cold line ingredients temperature is 41°f . what should you do ​

Answers

Answer: lower temp

Explanation:

In a situation where an assessment shift lead touchpoints have been noticed to have a temperature on the cold line ingredients' temperature is 41 degree Fahrenheit, it is advisable for the tester to lower the temperature of the test.

What is the significance of temperature?

Temperature of an assessment can be referred to or considered as the amount of measurable heat or coldness present in a constrained environment, which is the area of study of an assessee. Cold line ingredients shall not exceed a temperature of above 5 degrees Celsius.

In a situation where the temperature of the cold line ingredients exceeds a clock of 5 degrees Celsius, it is advisable to lower the temperature and bring the temperature to as cooler environment as possible to make the environment suitable for an assessment.

Therefore, the significance regarding the temperature of cold line ingredients has been aforementioned.

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with an example, explain why a substantive disagreement may never be resolved

Answers

A substantive disagreement can never be resolved because of the differing opinions of the people involved.

What is a substantive disagreement?It is a disagreement between two or more people.It is a disagreement between people with different opinions and points of view on the same subject.

If the people involved in the substantive disagreement are quite sure that their views are correct, that substantive disagreement can never be resolved, because none of the people involved will surrender to their opponents' point of view.

An example of this is two people arguing over whether the best pet is a cat or a dog, and each person wants to defend one of those animals.

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6. Which should be entered on the credit side of the trade receivables control account? A Credit sales B Discount allowed C Interest charged D Returns outwards​

Answers

To be entered on the credit side of the trade receivables control account is a  Credit sales and Discount allowed. Option A n B is further explained below.

What is Credit sales?

Generally, Transactions in which the buyer defers payment are known as credit sales. When a seller intends to sell a product, they often choose this date.

In conclusion, Credit sales and discounts are recorded on the credit side of the trade receivables management account.

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Determine whether the outcome is a Type I error, a Type II error, or a correct decision.

A test is made of H0: m = 45 versus H1: m is not equal to 45. The true value of m is 45, and H0 is not rejected.

Correct Decision
Type II
Type I

Answers

The true value of m is 45, and H0 is not rejected, than the correct decision is Type II.

condition:-

H0: m = 45  VS  H0: m ≠ 45

The true value of m = 45

H0 is not rejected, & H0 is not rejected.

∴ here we not reject the when H0 is not true hence is is a type II error.

H0 is rejected.

∴ Here we reject the H0 when H0 is true hence it is a type I error

A type II error occurs if one fails to reject the null hypothesis when the alternative is True.

A type I blunders is a fake high-quality end, whilst a kind II errors is a false bad conclusion. making a statistical decision always includes uncertainties, so the risks of creating those mistakes are unavoidable in speculation trying out.

A type I error is a type of fault that takes place throughout the hypothesis checking out process when a null hypothesis is rejected, although it is correct and must no longer be rejected.

Decision error confer with the probability of creating a wrong conclusion while doing hypothesis checking out. when a researcher sets out to do a examine, she usually has a speculation, or a prediction of what she thinks the effects will be.

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Suppose that you run a bank and you decide to merge with a financial services company so that you can offer your customers stocks as well as simpler investment tools, such as checking and savings accounts. When the merger occurs, you will have to restructure your company so that you don’t have duplicate efforts and so all of the employees in the new company have clearly defined work goals. This is an example of ---________, because you will move the company from an old state to a new state during a controlled period of time.

Answers

This is an example of change management because you will move the company from an old state to a new state during a controlled period of time.

What is change management?

It should be noted that change management is the approach to transition of the goals of an organization for a period of time.

In this case, when the company move the company from an old state to a new state during a controlled period of time, the change management is illustrated.

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ASAP I WILL GIVE BRAINEST

A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.

True

False




Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.

True

False





Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.

True

False




Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.

True

False

Answers

Based on economic theory, the true and false statements on the economy are:

True:

Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.

False:

A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.

What is the economy like?

In order to explain the economy, economists turn to economic theory which are to be easy to understand and complex enough to capture the key things that are being studied.

Industries in the real world are often not fully purely competitive or a monopoly but instead fall somewhere in the middle.

Microeconomics and macroeconomics are not different but instead focus on different perspectives of an economy and therefore help explain how a local or national event can affect an entire nation.

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For a professional athlete, making money off of products that use their likeness is an example of what concept?

Answers

For a professional athlete, making money off of products that use their likeness is an example of Name, Image, and Likeness deals.

What are name, image, and likeness deals?

Name, image, and likeness deals are commercial endorsements that give publicity to professional and college athletes, who lend their names, images, and likeness to companies to leverage for their product brands.

Using marketing and promotional endeavors, companies can use the athlete's name, image, and likeness to create customer-attractive brands for their products.

These deals provide opportunities for the athletes to make money by permitting the business entities to use their name, image, and likeness to market and sell products.

Thus, while the agreements are called “NIL” deals, professional athletes use them to make money.

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how lack of planning can affect getting the job done as a hospitality supervisor?

Answers

The lack of planning can affect getting the job done as a hospitality supervisor as it can bring about high risks.

What is planning?

It should be noted that planning simply means the stores that are put in place to achieve a desired goal.

In this case, the lack of planning can affect getting the job done as a hospitality supervisor as it can bring about high risks in the company.

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A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How
much does the company have in Assets?

Answers

Answer: 80,000

Explanation:

Assets = Liabilities + Stockholders' equity = $23,500 + $56,500

The company's assets, an orchestra of resources and potential, amount to $80,000.

Liabilities: Liabilities are the financial footprints that a company leaves behind, representing the promises made to others to repay debts and fulfill obligations.

Stockholders' Equity: Stockholders' equity embodies the company's heart and soul, reflecting the collective contributions of its owners and shareholders, ultimately shaping the residual value that belongs to them.

Assets: Assets are the vibrant lifeblood coursing through a company's veins, encompassing all the resources it possesses, both tangible and intangible, that fuel its potential for growth and prosperity. They are the seeds of future possibilities that blossom into success.

Calculating the company's total assets, by using the accounting equation:

Assets = Liabilities + Stockholders' Equity

Assets = $23,500 + $56,500

= $80,000

Therefore, the company has $80,000 in assets.

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All else held constant, which of the following will decrease the allocation to the risky asset?
An increase in the expected return of the risky asset
An increase in risk aversion
An decrease in the volatility of the risky asset
A decrease in the risk-free rate

Same question but for increase the allocation of the risky asset

Answers

Answer:

an increase in risk aversion

Explanation:

This would cause a decrease in allocation to “risky” investments… at least that’s what we learned in MGT1104, for #2, not sure, would either be decrease in volatility or increase in exp. Return

Question 4 of 20
A company has a net sales revenue of $250,000. Its cost of goods sold is
$180,000. Using vertical analysis, what percentage of its revenue is spent on
its goods?
OA. 1.30%
OB. 13%
OC.7.20%
OD. 72%

Answers

the percentage of 250000 to 180000 is 72% or answer D

D
Question 23
According to John Maynard Keynes, when government invests one
billion dollars into the economy what should occur? (Standard 4.3)
2 pts
O The one billion dollars will have an impact greater than one billion dollars due
to the multiplier effect.
O Consumer spending should decrease by one billion dollars.
O I have no idea what the answer is.
O The government should adjust the tax levels in order to gain addition funds to
pay for the investment.
O The government's action should slow down economic activity.

Answers

John Maynard Keynes believed that The one billion dollars will have an impact greater than one billion dollars due to the multiplier effect.

What did John Maynard Keynes believe?

Keynes was a major advocate for the government spending money in the economy to induce economic growth.

He believed that there was a multiplier effect that would lead to any amount the government invested in the economy, having a greater impact than this investment.

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what systems are available and specifically the financial benefits iy holds for the user and owner.​

Answers

Answer:

A financial management information system generates data that recipients find to be relevant to their decision-making and reporting processes.

In the economy of Wrexington in 2008, consumption was 60% of GDP, government purchases were $212, imports were $67 and 67% of the value of exports, investment was one-half of the value of consumption. What was Wrexington’s GDP in 2008?

Answers

Based on the consumption, investment, imports and exports, the GDP for Wrexington in 2008 was $2,450

How much GDP did Wrexington have?

The exports were:

= 67 / 0.67

= $100

The GDP is x:

GDP = Consumption + Government spending + Investment + Net exports

x = 0.6x + 212 + (0.6 x 0.5 × x) + (100 - 67)

x = 0.9x + 245

0.1x = 245

x = $2,450

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What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Answers

The end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below will be that he'll owe $180.

What is a federal income tax return?

This refers to the tax return a taxpayer send to the IRS each year through Form 1040, U.S. Individual Income Tax Return.

In this context, the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below will be that he'll owe $180.

Therefore, Option A is correct

Missing option "A he'll owe $180 B he'll receive a refund of $173 C he'll owe $3921 D he'll receive a refund of $3921​"

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Discuss how you will use the "8-Step process
to critical thinking" in your personal and
professional life. Provide examples to
support your answers

Answers

I will use the "8-Step process to critical thinking" in my personal and professional life in many ways.

What is the "8-Step process to critical thinking"?

The "8-Step process to critical thinking" includes the following categories:

ReflectionAnalysisInformation AcquisitionCreativityStructuring argumentsDecision makingCommitmentDebate.

The 8-step process involves a process of identifying, observing, describing, questioning, researching, establishing, responding, and sharing knowledge to achieve life improvements.

In my personal and professional life, I need to seek knowledge, information, and understanding to enhance the application of concepts and innovations to living and work.

After acquiring the required information, I will carry out a critical analysis and synthesis before taking action.  Results obtained from my actions must be reflected upon to provide guidance for future activities.

Thus, the "8-Step process to critical thinking" will remain useful in my personal and professional life.

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20pts
Income and education both represent which type of market segmentation?
O A demographic
OB. psychographic
OC. polygraphic
O D. metrographic

Answers

Answer:

Demographic

Explanation:

Income range and education levels can both be used as targeted demographics.

why are professions important?​

Answers

Profession is important bcz it take part in each situation of your life, if you have the profession of something u mostly like will help you in every situation of your life that’s why it is more important
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