On january 1, 2005, systil corporation issues $50m 10 year bonds with a coupon rate of 10%. interest is payable annually at the end of the year. if the required return on bonds of similar risk at january 1, 2006 is 8%, what will be the price of the bonds be at this date?
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Business, 22.06.2019 01:30
The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: ⢠sales at $500,000, all for cash. ⢠merchandise inventory on november 30 was $250,000. ⢠the cash balance at december 1 was $20,000. ⢠selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. ⢠budgeted depreciation for december is $30,000. ⢠the planned merchandise inventory on december 31 is $260,000. ⢠the cost of goods sold represents 75% of the selling price. ⢠all purchases are paid for in cash. the budgeted cash disbursements for december are:
Answers: 3
Business, 22.06.2019 06:30
Double corporation acquired all of the common stock of simple company for
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Business, 22.06.2019 11:10
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
On january 1, 2005, systil corporation issues $50m 10 year bonds with a coupon rate of 10%. interest...
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