On July 1, Year 1, Danzer Industries Inc. issued $25,000,000 of 20-year, 11% bonds at a market (effective) interest rate of 14%, receiving cash of $20,001,500. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
Required:
For all journal entries: If an amount box does not require an entry, leave it blank.
1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds.
| Year 1 July 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 interest method. (Round to the nearest dollar.)
| Year 1 Dec. 31 | |||
b. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the interest method. (Round to the nearest dollar.)
| Year 2 June 30 | |||
3. Determine the total interest expense for
Year 1.
$
In: Accounting
| 1. |
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In: Accounting
Scenario: You are the parent of a 13-year-old son and a 17-year-old daughter. You and your spouse have recently decided to obtain a divorce. The decision is that you will retain custody of the children and your spouse will have them every other weekend. Your spouse will be moving out this coming weekend. Now the children have to be told. Using your knowledge about individual differences in susceptibility for the development of adverse outcomes discuss how you will tell your children about the divorce?
List the factors to be considered in the conversation
Provide specific examples that reflects your conversation with a 13-year old and a 17-year old.
In: Psychology
4.44 Heights of 10 year olds: Heights of 10
year olds, regardless of gender, closely follow a normal
distribution with mean 55 inches and standard deviation 6
inches.
(a) What is the probability that a randomly chosen 10 year old is
shorter than 48 inches?
____ (please round to four decimal places)
(b) What is the probability that a randomly chosen 10 year old is
between 60 and 65 inches?
(please round to four decimal places)
(c) If the tallest 10% of the class is considered "very tall", what
is the height cutoff for "very tall"?
inches ____ (please round to two decimal places)
(d) The height requirement for Batman the Ride at Six Flags Magic
Mountain is 54 inches. What proportion of 10 year olds cannot go on
this ride?
____ (please round to four decimal places)
In: Statistics and Probability
Cougar Athletics is soliciting bids on a 3-year contract to produce 3,000 t-shirts per year to be given away at athletic events. You have decided to bid on the contract. It will cost you $3 per shirt in variable costs (buying plain t-shirts and paying an employee to imprint them) and $5,000 per year in fixed costs. A t-shirt printing machine will cost $7,500. The machine will be depreciated to zero over its 3-year life and it will not have any salvage value. There are no net working capital implications for the project. If your tax rate is 20% and your required return on this project is 10%, how much would you bid for the contract? State your answer in the total price, not the per-unit price.
In: Finance
|
1. Grohl Co. issued 13-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price? |
$630.76
$1,727.34
$1,010.00
$1,000.00
$1,005.00
2.
|
Ngata Corp. issued 16-year bonds 2 years ago at a coupon rate of 9.7 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of par value, what is the YTM? |
11.27%
5.12%
9.22%
10.24%
12.29%
3.
|
Ashes Divide Corporation has bonds on the market with 17 years to maturity, a YTM of 6.4 percent, and a current price of $1,326.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.) |
9.58%
14.48%
19.21%
7.22%
9.68%
In: Accounting
Loan payment: Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it fully during the stated term of the loan. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)
Loan: Principal: Interest rate: Term of loan (years):
A $12,000 8% 3
B $60,000 12% 10
C $75,000 10% 30
D $4,000 15% 5
In: Finance
Find the price of 10-year 5% coupon bond if the price of 10-year 7% coupon bond is $107 and 10-year interest rate is 6.5%. All bonds have $100 face value and pay semi-annual coupons.
In: Finance
5) Ledger Properties has the following financial information:
Current Year Prior Year
Revenues $ 48,915 $ 43,610
Administrative expenses 12,106 11,602
Interest expense 816 468
Cost of goods sold 29,715 26,309
Depreciation 1,408 1,387
Net fixed assets 32,711 31,984
Current liabilities 14,652 14,625
Common stock 15,000 14,000
Current assets 16,506 14,687
Long-term debt 12,200 ?
Retained earnings 7,365 4,246
Dividends paid 290 275
What is the cash flow of the firm for the current year if the tax rate is 22 percent?
A) $1,885
B) $1,042
C) $2,297
D) $2,096
E) $2,517
In: Finance
Philip is a 65-year-old retired salesman with a 20-year history of heart disease that includes 2 myocardial infarctions, each followed by a bypass operation. The most recent bypass was last year. He has decided to begin an exercise program, but is experiencing shortness of breath. His physician conducted an exercise stress test using the Bruce protocol. He had to terminate the test after 5 minutes because of shortness of breath. An echocardiogram revealed a 30% ejection fraction. He was diagnosed with CHF and prescribed a Beta Blocker, diuretic, an ACE inhibitor, and a potassium supplement. The exercise test revealed a maximal heart rate of 115 bpm, resting heart rate of 85 bpm, peak blood pressure of 150/90 mmHg, resting BP of 100/80 mmHg, and a VO2 max of 12 ml/kg/min.
Identify frequency, intensity, time, and type of exercise. How would you monitor intensity? What special precautions do you think you need to take?
this is all the information I got as well
In: Nursing