Flounder Inc Use the information provided for Flounder Inc to answer the question(s) using the effective interest method. On January 1, 2012, Flounder Inc issued $800,000, 10-year, 9% bonds for $662,356. The bonds pay interest on June 30 and December 31. The market rate is 12%. Refer to the information provided for Flounder Inc What is the carrying value of the bonds after the first interest
payment is made on June 30, 2012?
A) $662,356.40
B) $666,097.78
C) $670,063.65
D) $133,902.22
B
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The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$151,000Cash dividends declared for the year 46,000Net income for the year 92,000What is the ending balance for retained earnings?
A. $197,000. B. $13,000. C. $105,000. D. $264,000. E. $243,000.
K. Winter Clothing is a medium-size specialty men's and women's clothing store in a market with many other specialty stores, department stores, and discounters. It has established a reputation for offering high-quality, fashionable merchandise with quality service. K. Winter's competitive environment would best be characterized as
A. a monopoly. B. an oligopoly. C. monopolistic competition. D. pure competition. E. faceted competition.
Which formula shows the needs based method of estimating the amount of life insurance needed?
A) Life insurance needed = present value of future income B) Life insurance needed = burial + education - food - shelter C) Life insurance needed = income + social security - savings D) Life insurance needed = total needs - existing assets to meet the needs
Snowflake schemas have normalized:
A) fact tables. B) dimension tables. C) map tables. D) reduce tables. E) None of the above