On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert receiving cash of $43,495,895. The company uses the interest method.

a. Journalize the entries to record the following:

1. sale of the bonds.
2. First semiannual interest payment, including amortization of discount.
3. Second semiannual interest payment, including a of discount.

b. Compute the amount of the bond interest expense for the first year.
c. Explain why the company was able to issue the bonds for only $43,495, 895 rather than for the face amount of $50,000,000.

Answers

Answer 1

Answer:

Ebert Company

Journal Entries:

1) Debit Cash $43,495,895

Debit Bonds Discounts $6,504,105

Credit Bonds Payable $50,000,000

To record the sale of the bonds at a discount.

2) First semiannual interest payment:

Debit Interest Expense $1,957,315

Credit Amortization $207,315

Credit Cash $1,750,000

To record the first semiannual interest payment.

3) Second semiannual interest payment:

Debit Interest Expense $1,966,644

Credit Amortization $216,644

Credit Cash $1,750,000

To record the second semiannual interest payment.

b. Bond interest for the first year = $3,923,959 ($1,957,315 + $1,966,644)

c. The company issued the bonds at a discount at a coupon rate of 7%, which is less than the market interest rate of the bonds (9%).

Explanation:

a) Data and Calculations:

Face value of bonds = $50,000,000

Price received =            $43,495,895

Discount =                       $6,504,105

Coupon interest rate = 7%

Interest payment = semiannually

Maturity period = 10 years

Market (effective) interest rate = 9%

1) Cash $43,495,895 Bonds Discounts $6,504,105 Bonds Payable $50,000,000

2) First semiannual interest payment:

Interest Expense $1,957,315 Amortization $207,315 Cash $1,750,000

Cash payment =   $1,750,000 ($50,000,000 * 3.5%)

Interest expense =  1,957,315 ($43,495,895 * 4.5%)

Amortization =         $207,315

Fair value of bonds = $43,703,210 ($43,495,895 + $207,315)

3) Second semiannual interest payment:

Interest Expense $1,966,644 Amortization $216,644 Cash $1,750,000

Cash payment =   $1,750,000 ($50,000,000 * 3.5%)

Interest expense = 1,966,644  ($43,703,210 * 4.5%)

Amortization =        $216,644


Related Questions

What value does a gender analysis add to the study of the global political economy?

Answers

Gender analysis provides information that recognizes that gender, and its relationship with race, ethnicity, culture, class, age, disability, and/or other status, is important in understanding the different patterns of involvement, behaviour and activities that women and men have in economic, social and legal.The essay concludes that a gender analysis is fundamental to IPE because it demonstrates the centrality of the differential valorisation of the masculine and the feminine to the functioning of the global political economy, and thus creates opportunities for political activism and resistance.

During the year, Hamlet Inc. paid $22,000 to have bond certificates printed and engraved, paid $120,000 in legal fees, paid $18,000 to a CPA for registration information, and paid $280,000 to an underwriter as a commission. What is the amount of bond issue costs

Answers

Answer:

the issuance cost of the amount of the bond is $440,000

Explanation:

The computation of the issuance cost of the amount of the bond is given below:

Bond Certificate printing cost  $22,000

Legal fees paid $120,000

CPA registration $18,000

Underwriting Commission $280,000

Total Bond issue costs $440,000

Hence, the issuance cost of the amount of the bond is $440,000

Heat Tough Inc. makes heat-proof copper cookware in the United States, and it is looking to distribute its products in Europe. Rather than build and maintain a manufacturing facility in the United Kingdom, the company decides to ship its products directly from its plant in Illinois. What type of entry mode is the company using

Answers

Answer: Exporting

Explanation:

Exporting is the cheapest method of entering another market because it does not involve the building or maintenance of any business in the new market and neither does it involve any profit sharing as all the profits go to the company exporting.

With exporting, a company just ships its products to the new market it wants to enter without establishing a presence. Companies there will then buy these goods and sell them. This is what Heat Tough Inc is doing so this must be exporting.

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 2,300 Materials costs $ 14,400 Conversion costs $ 6,500 Percent complete with respect to materials 75% Percent complete with respect to conversion 20% Units started into production during the month 11,000 Units transferred to the next department during the month 9,900 Materials costs added during the month $ 173,500 Conversion costs added during the month $ 243,500 Ending work in process inventory: Units in ending work in process inventory 3,400 Percent complete with respect to materials 90% Percent complete with respect to conversion 30% The cost per equivalent unit for materials for the month in the first processing department is closest to: Multiple Choice $12.21 $13.15 $11.90 $14.50

Answers

Answer:

Inacio Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.50

Explanation:

a) Data and Calculations:

                                                        Units    Materials    Conversion

Beginning work in process           2,300     $14,400      $6,500

Percentage of completion                              75%           20%

Units started during the month   11,000

Total units available                     13,300

Units transferred to the next       9,900      100%         100%

Ending work in process               3,400        90%          30%

Costs added during the month               $173,500    $243,500

Equivalent units of production:

                                                          Units    Materials        Conversion

Units transferred to the next       9,900      9,900 (100%)   9,900 (100%)

Ending work in process               3,400       3,060 (90%)     1,020 (30%)

Equivalent units of production                   12,960             10,920

Costs of production:                   Materials  Conversion

Beginning work in process           $14,400      $6,500

Costs added during the month    173,500    243,500

Total costs of production           $187,900  $250,000

Cost per equivalent unit:             Materials  Conversion

Total costs of production            $187,900  $250,000

Equivalent units of production       12,960        10,920

Cost per equivalent unit               $14.50       $22.89

Which of the following types of mortgages would be most advantageous to have on your house if you expected the annual rate of inflation would be higher than most people thought?
a. reverse annuity mortgage
b. interest-only mortgage
c. adjustable-rate mortgage
d. fixed-rate mortgage

Answers

Answer:

d. fixed-rate mortgage

Explanation:

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

On a related note, when the level of inflation is low in a particular country; their current account balance would be high. However, when the level of inflation is high; it results in low growth and as such increases the home country's current account balance, other things being equal (ceteris paribus).

Hence, if you anticipate a higher annual rate of inflation than most people thought, the fixed-rate mortgage would be most advantageous to have on your house because the interest is fixed or constant over the life of the mortgage loan.

A fixed-rate mortgage can be defined as an installment or fully amortizing mortgage loan that has a fixed (constant) interest rate that doesn't change throughout the entire duration of the loan.

This ultimately implies that, an equal amount of money is paid as principal and interest throughout the life of the mortgage loan.

K Company estimates that overhead costs for the next year will be $3,441,000 for indirect labor and $930,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 93,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 5 direct labor hours

Answers

Answer:

$235.00

Explanation:

Calculation to determine how much overhead would be assigned to a product requiring 5 direct labor hours

Overhead assigned to direct labor hours=[($3,441,000 + $930,000)/93000 direct labor hours]*5 direct labor hours

Overhead assigned to direct labor hours=($4,371,000/93,000)* 5 direct labor hours

Overhead assigned to direct labor hours= $47 per direct labor hour* 5 direct labor hours

Overhead assigned to direct labor hours= $235.00

Therefore how much overhead would be assigned to a product requiring 5 direct labor hours will be $235

Lynn, an agent for Mindwonder Games LLC, executes an unauthorized contract with NOW Marketing Inc. The deal is highly advantageous to Mindwonder, and the company ratifies the contract. The contract is

Answers

Answer: c. valid

Explanation:

Even though at the time the contract was executed by the agent it was unauthorized, the fact that the company then ratifies the contract means that they agree with it and have now authorized it.

This would validate the contract because it now has the consent of the party that it was signed for which is Mindwonder Games LLC. Had the contract not been ratified then it would have been void.

Warren Co. recorded a right-of-use asset of $820,000 in a 10-year finance lease. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset after two years will be:

Answers

Answer:

$656,000

Explanation:

Calculation to determine what The balance in the right-of-use asset after two years will be

Using this formula

Right-of-use asset after 2 years balance=Value of Asset- (Value of Asset*Used year)/Estimated Life

Let plug in the formula

Right-of-use asset after 2 years balance= $820,000 - ($820,000 / 10) * 2

Right-of-use asset after 2 years balance=$820,000-$164,000

Right-of-use asset after 2 years balance= $656,000

Therefore The balance in the right-of-use asset after two years will be:$656,000

Construct an amortization schedule for the first three months and the final three months of payments for a 30-year, 7 percent mortgage in the amount of $90,000. What percentage of the third payment is principal

Answers

Answer:

a. First three months and final three months of payments:

Monthly Amortization Schedule  

 Beginning Balance Interest Principal Ending Balance

1 $90,000.00 $525.00 $73.77 $89,926.23

2 $89,926.23 $524.57 $74.20 $89,852.03

3 $89,852.03 $524.14 $74.63 $89,777.39

358 $1,775.56 $10.36 $588.41 $1,187.15

359 $1,187.15          $6.93 $591.84 $595.30

360 $595.30          $3.47 $595.30 $0.00

b. The percentage of the third payment that is principal is 12.46% ($74.63/$598.77 * 100)

Explanation:

a) Data and Calculations:

Mortgage loan = $90,000

Interest rate = 7%

Period of mortgage = 30 years

Repayment = monthly

Monthly Pay:   $598.77

Total number of payments = 360

Loan Payments = $215,558.01

Total Interest = $125,558.01

You have tickets to go to Jamaica over spring break. Just this week your best friend informs you that he (she) is getting married over spring break. Your friend would like you to stay back in the city and be the wedding attendant. The tickets to Jamaica are nonrefundable. Which of the following is a sunk cost relating to your decision of attending the wedding or going on the trip to Jamaica?

a. The cost of wedding gift.
b. The cost of the airline tickets to Jamaica.
c. The cost of the clothing you will have to buy/rent to be in the wedding.
d. The cost of the rent on your apartment for the month

Answers

B it lost its value when it was non refeundable

Zell Company had sales of $1,800,000 and related cost of merchandise sold of $1,150,000 for its first year of operations ending December 31, 20Y3. Zell Company provides customers refunds and allowances for any damaged merchandise. At the end of the year, Zell Company estimates that customers will request refunds and allowances for 1.5% of sales. Assume that on February 3, 20Y4, Zell Company paid a customer a $5,000 cash refund for damaged merchandise. Required: (a) Journalize the adjusting entry on December 31, 20Y3, to record the expected customer refunds and allowances\.\* (b) Journalize the entry to record the cash refund\.\* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Answers

Solution :

a).      Date                 Description                       Debit($)                   Credit($)

  31st Dec 20Y3           Sales                              27,000

                              (1,800,000 x 1.5%)        

                             Customer refunds payable                                    27,000    

                             

                             Estimated sales return           16,000

                              inventory

                           Cost of merchandise sold                                        16,000

b).     Date                 Description                       Debit($)                   Credit($)

  3 Feb, 20Y4   Customer refund payable        5000

                          Cash                                                                           5000

                         Merchandise inventory              3100

                        Estimated return inventory                                        3100

Define each of the following investment rules and discuss any potential shortcomings of each. In your definition, state the criterion for accepting or rejecting independent projects under each rule. a. Payback period. b. Average accounting return. c. Internal rate of return. d. Profitability index. e. Net present value

Answers

internal rate of return

A machine costing $56,894 with a 6-year life and $51,236 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar.

Answers

Answer:

$8539

Explanation:

Depreciation is a method of expensing the cost of an asset.

Yearly deprecation expense =depreciable cost / useful life

depreciable cost = cost of the machine - salvage value

51,236 / 6 = $8539.33

8539

To round off to the nearest dollar, look at the first number after the decimal, if it is less than 5, add zero to the units term, If it is equal or greater than 5, add 1 to the units term.

Garcia Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. Cash proceeds exceed the sum of the fair value of the warrants and the face amount of the bonds. This excess is reported as:

Answers

Answer:

Discount on bond payable

Explanation:

since in the question it is mentioned that the company has issued the common stock warrants also the cash proceeds is more than the sum of the fair value + face value

So we presume that the bond are to be sold at the discount

Therefore the excess should be reported as the discount on bond payable

Midsouth Stitchery wants to improve their productivity. Their process yield is currently 91.56% based on 9816 yards of material. If they are going to improve their productivity to 92.10, how many yards of finished material will they have to produce from the same amount of material input

Answers

Answer:

9,040.54 yards

Explanation:

Input material amount I = 9,816 yards

Productivity P = 92.10%

Let Output Material amount be O

O = I * P

O = 9,816 yards * 0.9210

O = 9040.536

O = 9040.54 yards

So, the unit of yards they will have to produce from the same amount of material input is 9,040.54 yards

Who are the primary regulatory entities of the real estate business?

Answers

Answer:

State regulation State governments are the primary regulatory entities of the real estate business. State governments establish real estate license laws and qualifications

Explanation:

A simple definition of real estate is that it is air, water, land, and everything

affixed to the land. Real estate in the United States may be owned privately by

individuals and private entities or publicly by government entities. Private

ownership rights in this country are not absolute. The government can impose

taxes and restrictions on private ownership rights, and it can take private

property away altogether. In addition, other private parties can exert their rights

and interests on one's real property. A bank, for example, can take a property if

the owner fails to pay a mortgage. A neighbor can claim the right to walk across

one's property whether the owner likes it or not, provided he or she has done so

for a certain number of years.

In attempting to define real estate, it is essential to understand what rights and

interests parties have in a parcel of real estate. And to understand real estate

rights and interests, one must first recognize the distinctions between:

 land and real estate

 real estate and property

 real property and persnal pro[perty

A plant asset can be defined by which of the following statements?
a. Its original cost is expensed in the period in which it was purchased.
b. It is a tangible long-term asset.
c. It is reported on the balance sheet.
d. Its cost (minus any salvage value) is gradually reported as expenses over its useful life.

Answers

Answer:

it's a tangible long-term asset

Answer:all of them

Explanation:

Got it right

Yield curves for corporate and government securities have similar shapes, but the corporate rates track below the government rates.

a. True
b. False

Answers

This answer is false

The answer is false mate.

hope it will help you.

vai trò của đạo đức trong doanh nghiệp là gì

Answers

Explanation:

Đạo đức kinh doanh giúp doanh nghiệp duy trì mối quan hệ tốt hơn và hài hòa với xã hội, khách hàng, nhân viên và các ngành hữu quan. ... Đạo đức kinh doanh có một vai trò quan trọng trong việc nâng cao lợi nhuận và năng suất của doanh nghiệp và cải thiện thiện chí của doanh nghiệp trên thị trường.  

đánh dấu tôi là não nhất làm ơn giúp tôi và cảm ơn

Timely Transport provides local delivery service for a number of downtown and suburban businesses. Delivery charges are based on distance and weight involved for each delivery: 21 cents per pound and 16 cents per mile. Also, there is a $26 handling fee per parcel.
a. Develop an expression that summarizes delivery charges. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
y = $
x1 + $
x2 + $
b. Determine the delivery charge for transporting a 50-pound parcel 30 miles. (Do not round your intermediate calculation. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
y = $

Answers

Kgsfiszifzfzfjtbsstxdohoxdtotgl
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Ostyodsigdgoisisisgigtidfifz.
Otsigsioydoogxxo


Difidoogxoyhxodoggogodogdogshsg
Lhddhodogodogs

Following are the solution to the given points:

For point a:

Allow 'Y' dollars for delivery fees.

[tex]\to Y= (0.30)X_1+ (0.10)X_2 + 20[/tex]

when [tex]X_1[/tex] is the parcel's weight in pounds and [tex]X_2[/tex] is the delivery distance in miles.  

For point b:

when driving 30 kilometers with a 50-pound package:

[tex]\to X_1= 50\\\\\to X_2= 30[/tex]

Calculating the shipping fees:

[tex]\to Y= (0.30)X_1+ (0.10)X_2 + 20 \\\\\to Y= (0.30)50+ (0.10)30 + 20 \\\\[/tex]

        [tex]= (0.30)50+ (0.10)30 + 20 \\\\= 15+ 3 + 20 \\\\=\$38[/tex]

Learn more:

brainly.com/question/15124040

To a greater or lesser degree, many governments can be considered pragmatic nationalists when it comes to foreign direct investment (FDI); this means it has both benefits and costs.

a. True
b. False

Answers

Answer:

a. True

Explanation:

The term foreign direct investment (FDI) is basically used to classify the number of capital investments and other non-financial investments made by foreign companies into a host country.

For example, if the U.S receives witnesses an increase in new Chinese-owned businesses in the past year, then those investments amount once quantified would make up part of the U.S foreign direct investment (FDI) for the year. This would come would benefit, while also carrying some cost such as having an unfavorable balance of payment.

To assign overhead costs to each product, the company:_____.
a. multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.
b. assigns the cost of each activity cost pool in total to one product line.
c. multiplies the overhead rate by the number of direct labor hours used on each product.
d. multiplies the rate of cost drivers per estimated cost for the cost pool by the estimated cost for each cost pool.

Answers

Answer:

a. multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Hence, to assign overhead costs to each product, the company multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

In activity-based costing, the activity rate for an activity cost pool is calculated by using the following formula;

Activity rate = total overhead cost/activity for the activity cost pool.

During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as follows:
Jan. 6 Purchased goods for $1,200 from Green with terms 2/10, n/30.
6 Purchased goods from Munoz for $900 with terms 2/10, n/30.
14 Paid Green in full.
Feb. 2 Paid Munoz in full.
28 Purchased goods for $350 from Reynolds with terms 2/10, n/45.
Required:
Prepare journal entries to record the transactions, assuming Axe uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Answers

Answer:

Axe Corporation

Journal Entries:

Jan. 6 Debit Inventory $1,200

Credit Accounts Payable (Green) $1,200

To record the purchase of goods on credit terms 2/10, n/30.

Jan. 6 Debit Inventory $900

Credit Accounts Payable (Munoz) $900

To record the purchase of goods on credit terms 2/10, n/30.

Jan. 14 Debit Accounts Payable (Green) $1,200

Credit Cash $1,176

Credit Cash Discounts $24

To record the payment on account, including discounts.  

Feb. 2 Debit Accounts Payable (Munoz) $900

Credit Cash $900

To record the payment on account, including discounts.

Feb. 28 Debit Inventory $350

Credit Accounts Payable (Reynolds)

To record the purchase of goods on credit terms 2/10, n/45.

Explanation:

a) Data and Calculations:

Jan. 6 Inventory $1,200 Accounts Payable (Green) $1,200 terms 2/10, n/30.

Jan. 6 Inventory $900 Accounts Payable (Munoz) $900 terms 2/10, n/30.

Jan. 14 Accounts Payable (Green) $1,200 Cash $1,176 Cash Discounts $24

Feb. 2 Accounts Payable (Munoz) $900 Cash $900

Feb. 28 Inventory $350 Accounts Payable (Reynolds) terms 2/10, n/45.

A job order costing system does which of the following? Select one: A. Is used to determine period costs in a service company B. Is used to determine unit costs when products are manufactured in a continuous flow process C. Allocates manufacturing costs to individual jobs to determine unit costs D. Both A and B E. None of the above

Answers

Answer: C. Allocates manufacturing costs to individual jobs to determine unit costs

Explanation:

Job order costing is used to identify the cost of producing a single units of a good. It is usually used by small to medium scale companies who produce per good or by companies that specialize in the production of a custom goods and services.

Under job order costing, manufacturing costs are allocated to individual jobs in order to determine what the individual jobs cost so that an appropriate selling price can be given.

Marvin Industries owns a piece of equipment with a cost of $78,000 and accumulated depreciation of $51,000. The equipment is sold for $30,000 cash. The amount that should be reported as a cash inflow from investing activities is:

Answers

Explanation:

tu pregunta no tiene sentido y no entiendo ese idioma

True or false? if false explain. An internally held public debt is like a debt of the left hand owed to the right hand.

Answers

Answer:True

Explanation: AN internally held debt is like a debt of the left hand owned to the right hand. This is a true statement. Left hand and right hand is ib the same body. Similarly,internal debit is taken from public of one's own nation. Just like things are in left hand or right hand, it remains in same person. Similarly, internal debit is borrowed from the people of the nation itself and is held within the nation.

What kind of business can you start without start up capital?​

Answers

Answer:

Blog or Vlog

Explanation:

you can start a daily life Blog in social media.

Bill is the supervising editor for a publishing company. He directs his employees ' tasks and is ultimately responsible for the work that his department accomplishes . Bill is an example of a(n)

HR director.
line manager.
specialized employee.
classifier.

Answers

Answer:

line manager

Explanation:

A logical way to allocate building maintenance costs to departments would be based on: Select one: A. Machine hours B. Number of employees C. Labor hours D. Square feet of floor space

Answers

Answer: D. Square feet of floor space

Explanation:

The building maintenance cost should be based on a measure that takes into account the size of the building so that the maintenance cost can be apportioned based on how much space needs to be maintained.

The best measure to do so would therefore be the square feet of floor space. If maintenance cost is assigned per square feet, it would take into account how much expenses are being incurred to maintain the entire size of the building.

solve the equation
(2x-5x)(4y-6x)​

Answers

[tex] \sf \: (2x - 5x)(4y - 6x)[/tex]

Use distributive property.

[tex] \sf \: 2x(4y - 6x) - 5x(4y - 6x) \\ \sf \: = 8xy - 12 {x}^{2} - 20xy + 30 {x}^{2} \\ \sf \: = 8xy - 20xy - 12 {x}^{2} + 30 {x}^{2} \\ = \boxed{ \bf \: - 12xy + 18x ^{2} }[/tex]

The solution for the equation is - 12xy + 18x².

You can further simplify the equation formed as - 6x (2y - 3x).

Hope it helps.

RainbowSalt2222

Answer:

18x²-12xy

Explanation:

(2x-5x)(4y-6x)​

8xy-12x²-20xy+30x²

18x²-12xy

Other Questions
Which is the best revision of this sentence?In a large box, the baker donated bread to the fund-raiser.The baker donated to the fund-raiser bread in a large box.The baker donated a large box of bread to the fund-raiser.In a large box, the fund-raiser had bread donated by the baker. f (x+2)=4x+3, find f(x) and f (2) The following are steps involved in transmission at the cholinergic synapse:1. Chemically gated ion channels on the postsynaptic membrane are opened.2. Calcium ions enter the axon terminal.3. An action potential depolarizes the axon terminal at the presynaptic membrane.4. Acetylcholine is released from storage vesicles by exocytosis.5. Acetylcholine binds to receptors on the postsynaptic membrane Raymond Cattell's Personality Factor Questionnaire can be used toA. predict an individual's behavior.B. define a person's heredity.C. determine how stable a person is.D. measure a person's behavior. PLZ CAN SOMEONE ANSWER THIS !!Solve the following system of equations 5x + 2y = -163x + 7y = 2**please show work if you can**thank you in advance :) Read the passage.The cost of health care is rising in America. The amount that an average family must pay for insurance has increased by 3 percent in just two years. For families buying insurance on an exchange or privately, the increase is an astounding 25 percent. At this rate, health care, which includes visits to a typical family doctor, specialists for anything from a knee injury to cancer, and the emergency room, will be unaffordable for most Americans in 10 years or sooner. I know this because my family is an average American familyand we are worried.Which statement describes the claim?The writers family is an average American family struggling to pay for health care.Health care will continue to rise by 3 to 25 percent each year for the next 10 years.Health insurance is becoming too expensive for most American families to afford.The average American family is paying more for health insurance than they did before. 14. The following solution contains errors. Identify the errors and explain why they are incorrect.Explain what should have been done to answer the question properly. a triangle has sides of 6 m 8 m and 11 m is it a right-angled triangle? Question 3 (Multiple Choice Worth 2 points)(01.03 MC)Why is it difficult to get people to follow regulations protecting a common?O People care more about money than the welfare of others.O Breaking these regulations does not come with direct penalties.The rules are too strict and prevent meeting basic needs.O Common area resources belong to everyone. The administration conducted a survey to determine the proportion of students who ride a bike to campus. Of the 123 students surveyed 5 ride a bike to campus. Which of the following is a reason the administration should not calculate a confidence interval to estimate the proportion of all students who ride a bike to campus. Which of the following is a reason the administration should not calculate a confidence interval to estimate the proportion of all students who ride a bike to campus? Check all that apply.a. The sample needs to be random but we dont know if it is.b. The actual count of bike riders is too small.c. The actual count of those who do not ride a bike to campus is too small.d. n*^p is not greater than 10.e. n*(1^p)is not greater than 10. SOLVE EQUATIONsolve for x| 3x+19 | =13(absolute value) peter paid $45 for 3 pizzas; victor paid 135 for 8 pizzas and george paid 32 for 2 pizzas. whose pizza cost more Draw a circuit with a 12-volt battery, a 100 ohms resistor in series, and two resistors (each of value 200 ohms) in parallel. What is the total resistance of the circuit? Which best explain why the sun maintains its size and shape Write a manifesto of not less than 600 words on how to fix the country and restore hope in political government. A large water tank has two inlet pipes (a large and a small one) and one outlet pipe. It takes 2 hours to fill the tank with the large inlet pipe. On the other hand, it takes 5 hours to fill the tank with the small inlet pipe. The outlet pipe allows the full tank to be emptied in 7 hours. Assuming that the tank is initially empty, what fraction will be filled in 1 hour if all three pipes are in operation? Your answer should be a fraction in simplest form, without spaces, e.g. 1/2. For problems 1 - 4, write a two-column proof. Leaming Task 1:Distinguish the process as spontaneous or non-spontaneous process. Write S it spontaneous and NSi non-spontaneouson the bionk.1. Melling ofice2 Ruisting of ton3. Marble going down the spiral.4. Going up the& Keeping the food fresh from spolage Assuming that the sample mean carapace length is greater than 3.39 inches, what is the probability that the sample mean carapace length is more than 4.03 inches Jamar has 90 cents in his pocket. One coin is a quarter, and the others arenickels. How many nickels does he have? A. 23B. 65C. 13D. 15