Questions
On July 1, Year 1, Danzer Industries Inc. issued $25,000,000 of 20-year, 11% bonds at a...

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. A. Prepare a multiple-step income statement for the year ended December 31, Year 1, concluding...

1.
A. Prepare a multiple-step income statement for the year ended December 31, Year 1, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. Enter all amounts as positive numbers EXCEPT in the Other income and expenses. In that section only, enter amounts that represent other expenses as negative numbers using a minus sign. Round earnings per share to the nearest cent.)
Refer to the Chart of Accounts for exact wording of account titles.

Refer to the Labels and Amount Descriptions for exact wording of text entries.

Income Statement data:
Advertising expense $150,000
Cost of merchandise sold 3,700,000
Delivery expense 30,000
Depreciation expense-office buildings and equipment 30,000
Depreciation expense-store buildings and equipment 100,000
Dividend revenue 4,500
Gain on sale of investments 4,980
Income from Pinkberry Co. investment 76,800
Income tax expense 140,500
Interest expense 21,000
Interest revenue 2,720
Miscellaneous administrative expense 7,500
Miscellaneous selling expense 14,000
Office rent expense 50,000
Office salaries expense 170,000
Office supplies expense 10,000
Sales 5,254,000
Sales commissions 185,000
Sales salaries expense 385,000
Store supplies expense 21,000
Retained earnings and balance sheet data:
Accounts payable $194,300
Accounts receivable 545,000
Accumulated depreciation—office buildings and equipment 1,580,000
Accumulated depreciation—store buildings and equipment 4,126,000
Allowance for doubtful accounts 8,450
Available-for-sale investments (at cost) 260,130
Bonds payable, 5%, due 20Y2 500,000
Cash 246,000
Common stock, $20 par
(400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) 2,000,000
Dividends:
Cash dividends for common stock 155,120
Cash dividends for preferred stock 100,000
Goodwill 500,000
Income tax payable 44,000
Interest receivable 1,125
Investment in Pinkberry Co. stock (equity method) 1,009,300
Investment in Dream Inc. bonds (long term) 90,000
Merchandise inventory (December 31, Year 1),
at lower of cost (FIFO) or market 778,000
Office buildings and equipment 4,320,000
Paid-in capital from sale of treasury stock 13,000
Excess of issue price over par:
-Common 886,800
-Preferred 150,000
Preferred 5% stock, $80 par
(30,000 shares authorized; 20,000 shares issued) 1,600,000
Premium on bonds payable 19,000
Prepaid expenses 27,400
Retained earnings, January 1, Year 1 9,319,725
Store buildings and equipment 12,560,000
Treasury stock
(5,400 shares of common stock at cost of $33 per share) 178,200
Unrealized gain (loss) on available-for-sale investments (6,500)
Valuation allowance for available-for-sale investments (6,500)

In: Accounting

Scenario: You are the parent of a 13-year-old son and a 17-year-old daughter. You and your...

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...

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...

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....

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 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...

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...

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...

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