A one-year, $22,800, 14% note is signed on April 1. If the note is repaid on December 1 of the same year, how much interest expense is incurred?(Do not round intermediate calculations.)

$3,192

$2,128

$2,394

$1,862

Your company sells $140,000 of bonds for an issue price of $131,600. Which of the following statements is correct?

The bond sold at a price of 47.00, implying a premium of $16,800.

The bond sold at a price of 94.00, implying a discount of $16,800.

The bond sold at a price of 94.00, implying a discount of $8,400.

The bond sold at a price of 47.00, implying a premium of $8,400.

[The following information applies to the questions displayed below.]A company issued $480,000, 12-year, 8 % bonds at 107.00.

What is the issue price of these bonds?

$513,600

$518,400

$446,400

$480,000

What is the total amount of interest expense that will be recorded over the life of these bonds?

$480,000

$427,200

$518,400

$513,600

Because interest rates have fallen, a company retires bonds which had been issued at their face value of $330,000. The company bought the bonds back at 96.25. The journal entry to record this retirement includes a debit of:

$330,000 to Bonds Payable, a credit of $12,375 to Interest Expense, and a credit of $317,625 to Cash.

$317,625 to Bonds Payable, a debit to Gain on Bond Retirement of $12,375 and a credit of $330,000 to Cash.

$330,000 to Bonds Payable, a credit of $12,375 to Gain on Bond Retirement, and a credit of $317,625 to Cash.

$317,625 to Bonds Payable and a credit of $317,625 to Cash.

On December 31, 2015, a company had assets of $21 billion and stockholders' equity of $18 billion. That same company had assets of $45 billion and stockholders' equity of $14 billion as of December 31, 2016. During 2016, the company reported total sales revenue of $14 billion and total expenses of $12 billion. What is the company's debt-to-assets ratio on December 31, 2016?

0.69

0.31

0.027

0.038

A company has current assets of $11.48 million and net income of $11.6 million. Current liabilities total $4.1 million, interest expense is $3.6 million, and income tax expense is $4.6 million. What is the times interest earned ratio for this company?(Round your finalanswer to 2 decimal places.)

0.36.

2.80.

0.40.

5.50.

A company issued 10-year, 6.50% bonds with a face value of $100,000. The company received $97,787 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first interest period is:

$6,721.30

$2,213.00

$6,278.70

$6,500.00