On january 1, 2021, universe of fun issues $780,000, 9% bonds that mature in 15 years. the market interest rate for bonds of similar risk and maturity is 10%, and the bonds issue for $720,047. interest is paid semiannually on june 30 and december 31. complete the first three rows of an amortization schedule.

date cash paid interest expense increase in carrying value carrying value

01/01/15

06/30/15

12/31/15

2. & 3.

record the issuance of the bonds on january 1, the interest payments on june 30, and december 31, 2015. (if no journal entry is required for a transaction, select "no journal entry required" in the first account field. round your answers to the nearest whole dollar amount.)

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?

If a country is looking to increase economic growth quickly, it should: choose the correct answer from the following choices, and then select the submit answer button. answer choices focus on natural resources and develop physical capital. make investments from domestic savings and adopt new technology. increase spending on human capital and start a new political approach. develop new technologies funded by the public sector.