Questions
Question 5 On January 1, 2020, Splish Company purchased $350,000, 8% bonds of Aguirre Co. for...

Question 5

On January 1, 2020, Splish Company purchased $350,000, 8% bonds of Aguirre Co. for $322,973. The bonds were purchased to yield 10% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2025. Splish Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Splish Company sold the bonds for $324,733 after receiving interest to meet its liquidity needs.

(e) Prepare the journal entry to record the sale of the bonds on January 1, 2022.

In: Accounting

Sanchez, Inc. reports the following liabilities (in thousands) on its December 31, 2022, balance sheet and...

Sanchez, Inc. reports the following liabilities (in thousands) on its December 31, 2022, balance sheet and notes to the financial statements.

Accounts payable $4,263.9 Mortgage payable $6,746.7
Unearned rent revenue 1,058.1 Notes payable (due in 2025) 335.6
Bonds payable 1,961.2 Salaries and wages payable 858.1
Current portion of mortgage payable 1,992.2 Notes payable (due in 2023) 2,563.6
Income taxes payable 265.2 Warranty liability—current 1,417.3

Prepare the liabilities section of Sanchez’s balance sheet as at December 31, 2022.

In: Accounting

You find the following corporate bond quotes. To calculate the number of years until maturity, assume...

You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000.

Company
(Ticker)
Coupon Maturity Last
Price
Last
Yield
EST $ Vol
(000’s)
Xenon, Inc. (XIC) 5.600 Jan 15, 2022 94.203 ?? 57,364
Kenny Corp. (KCC) 7.140 Jan 15, 2019 ?? 6.06 48,943
Williams Co. (WICO) ?? Jan 15, 2025 96.755 6.31 43,804

What is the coupon rate for the Williams Co. bond?

In: Finance

Consider the purchase of a new farm truck (automobile). The specific information is: Total Purchase cost...

  1. Consider the purchase of a new farm truck (automobile). The specific information is:

Total Purchase cost = $150,000.00              Purchase date = Jan 1, 2020

Useful life = 6 years                                      Salvage value = $50,000.00

Note: each highlighted box is worth 1 point

Complete each depreciation table.

ECONOMIC DEPRECIATION:

  1. Fill in the table using the straight-line depreciation method for economic depreciation. (5 points)

Year

Remaining value at beginning of year

Depreciation

Remaining value at end of year

2020

2021

2022

2023

2024

2025

In: Accounting

On January 1, 2018, Harlow Company paid $156,000 to purchase a piece of equipment. Before the...

On January 1, 2018, Harlow Company paid $156,000 to purchase a piece of
equipment. Before the equipment could be used, Harlow had to spend $6,000
to put the equipment in working order.

The equipment was assigned a useful life of 12 years and a salvage value
of $9,000. The straight-line method will be used to record depreciation
on the equipment.

On January 1, 2025, Harlow Company decided the life of the equipment should
be revised from 12 to 15 years with a salvage value of $5,150 at the end
of the 15 years.

Calculate the book value of the equipment at December 31, 2026.

In: Accounting

On January 1, 2018, Harlow Company paid $156,000 to purchase a piece of equipment. Before the...

On January 1, 2018, Harlow Company paid $156,000 to purchase a piece of
equipment. Before the equipment could be used, Harlow had to spend $6,000
to put the equipment in working order.

The equipment was assigned a useful life of 12 years and a salvage value
of $9,000. The straight-line method will be used to record depreciation
on the equipment.

On January 1, 2025, Harlow Company decided the life of the equipment should
be revised from 12 to 15 years with a salvage value of $5,150 at the end
of the 15 years.

Calculate the book value of the equipment at December 31, 2026.

In: Accounting

Business and society what is the main discussion and analysis ? 1500 words (4 point )(20...

Business and society

what is the main discussion and analysis ? 1500 words (4 point )(20 marks )

Case study :Today, 60% of Australian adults are classified as overweight or obese. By 2025 that figure is expected to rise to 80%. Many point the finger at sugar - which we're consuming in enormous amounts - and the food and drink industry that makes and sells the products fuelled by it. Despite doctors' calls for urgent action, there's been fierce resistance by the industry to measures aimed at changing what we eat and drink, like the proposed introduction of a sugar tax.

In: Economics

Lease conversion from operating to corporation: A company has borrowing cost of about 4% in 2014...

Lease conversion from operating to corporation:

A company has borrowing cost of about 4% in 2014 and lease balance $4,300.

Year

Payment

Discount Factor

Present Value (4%)

Interest

Lease Obligation

Lease Balance

2013

$4,300

2014

0.9615

2015

0.9246

2016

0.8890

2017

0.8548

2018

0.8219

2019

0.7903

2020

0.7599

2021

0.7307

2022

0.7026

2023

0.6756

2024

0.6496

2025

0.9246

Please calculate the payment, discount factor, PV, interest, lease obligation and lease balance. (show work please)

In: Finance

1. A student borrows $5000 for college from his aunt and uncle on June 1, 2020....

1. A student borrows $5000 for college from his aunt and uncle on June 1, 2020. He agrees to repay them $500 on 6/1/2021, 6/1/2022, 6/1/2023, and 6/1/2024; plus three additional payments of X on 6/1/2025, 6/1/2026, and 6/1/2027. They agree to an interest rate of 1.5% compounded annually. Find X

2. For the loan described in question #1, write out the amortization schedule for the loan.

Please show steps

Thank You

In: Finance

As the following table shows, projections indicate that the percent of U.S. adults with diabetes could...

As the following table shows, projections indicate that the percent of U.S. adults with diabetes could dramatically increase.

(a) Find the logarithmic model that best fits the data in the table, with t as the number of years after 2000. (Round each coefficient to three places after the decimal.) D(t) = (b) Use the model to predict the percent of U.S. adults with diabetes in 2042. US adults with Year Diabetes (percentage) (

2010 14.2
2015 19.2
2020 21.1
2025 24.2
2030 27.7
2035 30.1
2040 31.2
2045 32.1
2050 33.4

In: Statistics and Probability