On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, receiving cash of $37,282,062. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

Instructions

1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.

2. Journalize the entries to record the following:

A. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar.)

B. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar.)

3. Determine the total interest expense for Year 1.

4.Compute the price of $37,282,062 received for the bonds by using the present value tables in Appendix A.

Appendix A

In November and December Year 1, a newly organized magazine publisher received $72,000 for 1,000 three-year subscriptions at $24 per year, starting with the January Year 2 issue. What amount should they report in the Year 1 income statement for subscription revenue if none of the magazines were delivered in Year 1?

Your first job out of college will pay you $47,000 in year 1 (exactly one year from today), growing at a rate of 3.9% per year thereafter. You will also receive a one time bonus of $22,000 at the same time as your first salary. You plan to retire in 44 years (you'll receive 44 years of salary). If the applicable discount rate is 5%, what is the present value of these future earnings today? Round to the nearest cent.

A rich aunt has promised you $ 4000 one year from today. In​ addition, each year after​ that, she has promised you a payment​ (on the anniversary of the last​ payment) that is 4 % larger than the last payment. She will continue to show this generosity for 20myears, giving a total of 20 payments. If the interest rate is 4 % ​, what is her promise worth​ today?

The following information indicates percentage returns for stocks L and M over a 6-year period:

In combining [L−M] in a single portfolio, stock M would receive 60% of capital funds.

Furthermore, the information below reflects percentage returns for assets F, G, and H over a 4-year period, with asset F being the base instrument:

Using these assets, you have a choice of either combining [F−G] or [F−H] in a single portfolio, on an equally-weighted basis.

Required: Calculate the absolute percentage difference in the coefficient of variation (CV) between the stock portfolio [L−M] and the portfolio which outlines the optimal combination of assets.

Tyler Martin, a third year Tyler Martin, a third-year medical student on a family practice clerkship, was directed to obtain a comprehensive H&P of a new patient: D. A. D. A. recently moved to your city and has never been seen at this practice. She comes in today  to  establish care, and she is complaining of a cough. Followingis the student's documentation of the comprehensive H&P. As you read it, keep in mind the requirements set forth in the 1997 Guidelines of Documentation for Evaluation and Management by CMS for information that should be included in a medical record. Refer to the H&P to answer the questions that follow.

1.  Does this document meet the CMS guidelines for documentation of a comprehensive H&P? Why or why not?

Selected financial data for Quick Sell, Inc., a retail store, appear as follows.

a-1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. i.e. 0.1234 as 12%.)

a-2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.)

a-3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.)

b. Which of the following show a positive or negative trend?