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
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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

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Asked 5/27/2012 8:00:17 PM
Updated 7/2/2012 5:24:43 AM
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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
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