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Brooke Company issued P6,000,000, 11%, 10-year bonds on May 31, 2020 when the market interest was 10%. The bonds are priced at 106.25. The
Brooke Company issued P6,000,000, 11%, 10-year bonds on May 31, 2020 when the market interest was 10%. The bonds are priced at 106.25. The bonds pay interest on May 31 and November 30. What is the carrying amount of the bond on December 31, 2020 statement of financial position? Question 8 What is the total interest expense that Brooke Company will record the year 2020? 1 pts Jackson Company has budgeted sales for the next five months as follows: January February Budgeted Sales in Units 6,200 units March April 8,400 units 9,100 units 5,700 units May 3,500 units Jackson's product sells for $20 per unit. Experience has shown that 10% of the company's sales are cash sales and 90% of the company's sales are made on account. On average, 45% of the sales on account are collected in the month of sale, 28% are collected in the month following sale, 16% are collected in the second month following sale, and the remaining 11% is collected three months after the month of sale. Calculate Jackson Company's budgeted accounts receivable at May 31.
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