Stafford co. issued $200,000 face value, 6%, 10-year bonds on january 1, 2017 for $172,740. the market rate of interest was 8%. interest is payable semi-annually on june 30 and december 31. staffer uses the effective interest method to amortize bond premium or discount.
a) determine the amount of interest expense to be recorded with the first cash interest payment.
(b) determine the carrying value of the bonds on december 31, 2017, after the interest payment has been made.
c) how much interest expense would be recorded on the 2017 income statement?
(d) if the bonds are selling at 103 on december 31, 2018, have market interest rates increased or decreased since the bonds were issued?

In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?

With only a part-time job and the need for a professional wardrobe, rachel quickly maxed out her credit card the summer after graduation. with her first full-time paycheck in august, she vowed to pay $270 each month toward paying down her $8 comma 368 outstanding balance and not to use the card. the card has an annual interest rate of 18 percent. how long will it take rachel to pay for her wardrobe? should she shop for a new card? why or why not?