the answer for 18 is e and the answer for 19 is a ...
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the answer for 18 is e and the answer for 19 is a
18. On July 1, 2016 a 10 year semi-annual $1,000,000 face value bond with a coupon rate of 6% was issued for $900,000. The total interest expense recorded over the life of this bond would be: e) none of these a) $540,000 b) $370,000 c) $640,000 d) $1,540,000 values Total interest Expense - Interest Payable + amortization - $700,000 19. Macy's had an initial inventory of goods worth $40,000 at cost and $50,000 at retail. During the year, they purchased goods for $100,000 and marked it up 50% for retail. At the end of the year, the total value of goods at Retail was $60,000. What is Macy's cost of goods sold using the retail inventory method? a. $98,000 b. $100,000 c. $80,000 d. $93,000 e) none of these values Cost to retail ratio 70%
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