Question and answer
If a corporation issued $3,000,000 in bonds which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? A. $3,000,000 B. $90,000 C. $300,000 D.
$210,000
D. $210,000
Get an answer
Original conversation
User: If a corporation issued $3,000,000 in bonds which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? A. $3,000,000 B. $90,000 C. $300,000 D. $210,000

Weegy: D. $210,000
sipichapie|Points 4387|

User: Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? A. Bad Debts Expense ................ ................ $15,000 Allowances for Doubtful Accounts ................ ................ $15,000 B. Bad Debts Expense ................ ................ $12,000 Allowances for Doubtful Accounts ................ ................ $12,000 C. Bad Debts Expense ................ ................ $12,000 Accounts Receivable ................ ................ ................. $12,000 D. Bad Debts Expense ................ ................ $15,000 Accounts Receivable ................ ................ ................. $15,000

Weegy: The balance of the Allowance for D. Bad Debts Expense ................ ................ $15,000 Accounts Receivable ................ ................ ................. $15,000
rugmaker|Points 817|

User: The book value of an asset is equal to the A. asset’s market value less its historic cost B. blue book value relied on by secondary markets C. replacement cost of the asset D. asset’s cost less accumulated depreciation

Weegy: D.) Asset's cost less accumulated depreciation
wedekind|Points 802|

User: When an interest-bearing note matures, the balance in the Notes Payable account is A. less than the total amount repaid by the borrower B. the difference between the maturity value of the note and the face value of the note C. equal to the total amount repaid by the owner D. greater than the total amount repaid by the owner

User: The interest charged on a $200,000 note payable, at a rate of 6%, on a 2-month note would be A. $12,000 B. $6,000 C. $3,000 D. $2,000

Question
Asked 5/27/2012 8:00:17 PM
Updated 7/2/2012 5:24:43 AM
1 Answer/Comment
New answers
Rating
0
Copy and paste this link to get the answers:

Added 7/2/2012 5:24:43 AM
This answer has been flagged as incorrect.
Rated good by veni, Rated bad by jeifunk, Flagged by jeifunk
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,613,827 questions answered
Popular Conversations
Cancer is a disease of ____________________
Weegy: Cancer is disease caused by an uncontrolled division of abnormal cells in a part of the body. User: ...
6/24/2016 3:16:51 AM| 3 Answers
The kingdom Animalia includes all of these except A. ...
Weegy: Sponge lacks nervous tissue. User: Many bivalves, like scallops, live in salt water. The scallop ...
6/24/2016 4:21:37 AM| 3 Answers
The three types of muscle are skeletal muscle, smooth muscle, and ...
Weegy: Cardiac muscles are considered smooth muscles. FALSE. User: Which of the following is NOT true about the ...
6/23/2016 5:33:35 AM| 2 Answers
Select the correct product. (x + 8)(y + 3) xy + 8x + 3y + 24 xy + ...
Weegy: 3x+8y+24 User: Find the product. (y^3)^2 · y^7 y^17 y^12 y^42 y^13
6/23/2016 8:14:23 AM| 2 Answers
Weegy Stuff
S
P
L
Points 809 [Total 1470] Ratings 2 Comments 789 Invitations 0 Offline
S
Points 331 [Total 692] Ratings 2 Comments 311 Invitations 0 Offline
S
L
P
P
P
Points 151 [Total 3694] Ratings 0 Comments 151 Invitations 0 Offline
S
Points 135 [Total 416] Ratings 0 Comments 135 Invitations 0 Offline
S
Points 127 [Total 179] Ratings 0 Comments 127 Invitations 0 Offline
S
P
1
Points 107 [Total 852] Ratings 3 Comments 57 Invitations 2 Offline
S
L
Points 68 [Total 4188] Ratings 0 Comments 68 Invitations 0 Offline
S
Points 40 [Total 50] Ratings 1 Comments 30 Invitations 0 Offline
S
Points 32 [Total 139] Ratings 0 Comments 32 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 29 [Total 12596] Ratings 0 Comments 29 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.