Lowell inc. has bonds which mature in 10 years, and have a face value of $1,000. the bonds have a 10 percent quarterly coupon (i. e., the nominal coupon rate is 10 percent). the bonds may be called in five years. the bonds have a nominal yield to maturity of 8 percent and a yield to call of 7.5 percent. what is the call price on the bonds?
a. $1,048.34b. $ 379.27c. $1,025.00d. $1,136.78e. $1,036.77
Answers: 1
Business, 22.06.2019 22:40
Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?
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Business, 22.06.2019 22:50
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Business, 23.06.2019 00:40
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Business, 23.06.2019 06:50
It is most important to account for factors like warranties and durability when purchasing durable goods or very expensive items
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Lowell inc. has bonds which mature in 10 years, and have a face value of $1,000. the bonds have a 10...
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