Ask question

Ask question

All categories

2 years ago

7

Jasper trucking plans to issue $3 million in five-year bonds. They believe they can afford to pay $286,000 in interest to bondho

lders each year. Which annual interest rate should they use for their bonds? the current market interest rate is 10. 2% for similar bonds.

1 answer:

hichkok12 [17]2 years ago

6 0

Answer:

My best guess is 9.5%, This should be correct since I believe my math was right.

You might be interested in

Ralph Chase plans to sell a piece of property for $170000. He wants the money to be paid off in two ways monica short-term not

Crazy boy [7]

Answer:

amount paid at a rate of 9% = 90000

amount paid at a rate of 7% = 170000-90000=80000

Explanation:

We have given total amount = $170000

Let amount paid at rate of 9% is x

Then amount paid at a rate of 7% = 170000-x

We know that sum of individual interest will be equal to total interest

So $0.09\times x+(170000-x)0.07=13700$

$9x+1190000-7x=1370000$

$2x=180000$

$x=90000$

So amount paid at a rate of 9% = 90000

And amount paid at a rate of 7% = 170000-90000=80000

3 0

3 years ago

For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the ______ Accumulated

ddd [48]

For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.

Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.

Depreciation simple defined as the allocation of the cost of a long-lived, tangible asset over its useful life making an expense on the income statement that is matched against the revenue gotten by the use the asset.

The effect of recording depreciation expense on the accounting equation is that Total assets decrease and Total stockholders' equity decreases

Learn more from

brainly.com/question/25573467

8 0

3 years ago

Read 2 more answers

marguerite is an active participant in an employer-sponsored retirement plan, but her husband, frank, is not. their combined adj

kompoz [17]

The correct statement regarding the deductibility of the IRA contributions by Marguerite and Frank is D) Both Frank and Marguerite may deduct their IRA contributions.

<h3>What are IRA deductible contributions?</h3>

If you are an active participant in an employer-sponsored retirement (and your spouse is not covered by an employer retirement plan), the traditional IRA contributions are tax-deductible up to a maximum of <u>$6,000</u>.

If both joint filers are not covered by the employer retirement plan, their traditional IRA contributions are fully tax-deductible.

<h3>Data:</h3>

Adjusted Gross Income for 2022 = $230,000

IRA contribution = $6,000 each

Total IRA contributions = $12,000

Thus, the correct statement regarding the deductibility of the IRA contributions by Marguerite and Frank is <u>Option D</u>. Both may deduct their IRA contributions.

Learn more about IRA deductible contributions at brainly.com/question/9969005

#SPJ1

<h3>Question Completion with Answer Options:</h3>

A) Marguerite and Frank should open a Roth IRA instead.

B) Frank may deduct his IRA contribution, but Marguerite may not deduct hers.

C) Neither Marguerite nor Frank may deduct an IRA contribution.

D) Both Frank and Marguerite may deduct their IRA contributions.

5 0

2 years ago

The typical selection process has several well-structured steps. This process includes:

Alex

The typical selection process has several well-structured steps. This process includes setting up interviews, performing background checks on selected candidates, and establishing probationary periods.

The process of selection involves finding and recruiting candidates to fill open positions in a business. The process of choosing employees involves matching their credentials and skills to the needs of the firm.

Selecting the best applicant for a job opening that is open in a business is referred to as selection. It entails the process of interviewing candidates and assessing their qualifications and skills for a particular position.

Learn more about selection process here

brainly.com/question/898302

#SPJ4

3 0

2 years ago

Paraphin [41]

Answer:

c

Explanation:

placing obituary in the local newspaper

7 0

3 years ago

Read 2 more answers