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In: Accounting
Present value of bonds payable; discount Pinder Co. produces and sells high-quality video equipment. To finance...
Present value of bonds payable; discount Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $22,000,000 of three-year, 8% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Determine the present value of the bonds payable. Round your answer to the nearest dollar
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Present value of bonds payable; discount Pinder Co. produces and sells high-quality video equipment. To finance...
Present value of bonds payable; discount
Pinder Co. produces and sells high-quality video equipment. To
finance its operations, Pinder issued $25,000,000 of three-year, 8%
bonds, with interest payable semiannually, at a market (effective)
interest rate of 11%. This information has been collected in the
Microsoft Excel Online file. Open the spreadsheet, perform the
required analysis, and input your answers in the question
below.
Open spreadsheet
Determine the present value of the bonds payable. Round your
answer to the nearest dollar....
Present value of bonds payable; discount Pinder Co. produces and sells high-quality video equipment. To finance...
Present value of bonds payable; discount
Pinder Co. produces and sells high-quality video equipment. To
finance its operations, Pinder issued $25,000,000 of three-year,
10% bonds, with interest payable semiannually, at a market
(effective) interest rate of 11%. This information has been
collected in the Microsoft Excel Online file. Open the spreadsheet,
perform the required analysis, and input your answers in the
question below.
Determine the present value of the bonds payable. Round your
answer to the nearest dollar.
$
Present...
Present Value of Bonds Payable; Discount Pinder Co. produces and sells high-quality video equipment. To finance...
Present Value of Bonds Payable; Discount
Pinder Co. produces and sells high-quality video equipment. To
finance its operations, Pinder issued $25,000,000 of five-year, 7%
bonds, with interest payable semiannually, at a market (effective)
interest rate of 9%.
Determine the present value of the bonds payable, using the
present value tables in Exhibit 5 and Exhibit 7. Round to the
nearest dollar.
$
Present Value of Bonds Payable; Premium
Moss Co. issued $100,000 of five-year, 12% bonds, with interest
payable semiannually,...
Pinder Co. produces and sells high-quality video equipment.
Present value of bonds payable; discountPinder Co. produces and sells high-quality video equipment. To
finance its operations, Pinder issued $26,000,000 of three-year, 8%
bonds, with interest payable semiannually, at a market (effective)
interest rate of 10%.Determine the present value of the bonds payable. Round your
answer to the nearest dollar.$ _____________
Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $22,000,000 of...
Pinder Co. produces and sells high-quality video
equipment. To finance its operations, Pinder issued $22,000,000 of
three-year, 8% bonds, with interest payable semiannually, at a
market (effective) interest rate of 10%.
Determine the present value of the bonds payable. Round your
answer to the nearest dollar. $_____________________
Q10. a. Damas Co., which produces and sells biking equipment, is financed as follows: Bonds payable,...
Q10. a. Damas Co., which produces and sells biking equipment, is
financed as follows: Bonds payable, 6% (issued at face amount)
$5,000,000 Preferred $2.00 stock, $100 par 5,000,000 Common stock,
$25 par 5,000,000 Income tax is estimated at 40% of income.
Determine the earnings per share of common stock, assuming that the
income before bond interest and income tax is (a) $600,000, (b)
$800,000, and (c) $1,200,000. b. Present entries to record the
selected transactions described below. (a) Issued $2,750,000...
BSF Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 10% (issued...
BSF Co., which produces and sells skiing equipment, is financed
as follows: Bonds payable, 10% (issued at face amount) $350,000
Preferred 1% stock, $10 par 350,000 Common stock, $25 par
350,000
Income tax is estimated at 60% of income.
Round your answers to the nearest cent.
a. Determine the earnings per share of common stock, assuming
that the income before bond interest and income tax is $105,000. $
per share
b. Determine the earnings per share of common stock, assuming...
Determining the present value of bonds payable and journalizing
Question Determining the present value of bonds payable and journalizing
using the effective-interest amortization method
Relaxation, Inc. is authorized to issue 7%, 10-year bonds payable. On January 1, 2018,
when the market interest rate is 12%, the company issues $300,000 of the bonds. The
bonds pay interest semiannually.
Requirements
1. How much cash did the company receive upon issuance of the bonds payable?
(Round to the nearest dollar.)
2. Prepare an amortization table for the bond using the effective-interest...
Present Value of Bonds Payable; Premium Moss Co. issued $180,000 of five-year, 11% bonds, with interest...
Present Value of Bonds Payable; Premium Moss Co. issued $180,000
of five-year, 11% bonds, with interest payable semiannually, at a
market (effective) interest rate of 10%. Determine the present
value of the bonds payable, using the present value tables in
Exhibit 5 and Exhibit 7. Round to the nearest dollar. $
Present Value of Bonds Payable; Premium Mason Co. issued $260,000 of four-year, 13% bonds with interest...
Present Value of Bonds Payable; Premium
Mason Co. issued $260,000 of four-year, 13% bonds with interest
payable semiannually, at a market (effective) interest rate of
11%.
Determine the present value of the bonds payable, using the
present value tables in Exhibit 4 and Exhibit 5. Round to
the nearest dollar.
$
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