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allsm [11]
4 years ago
14

On January 1, Year 1, Weller Company issued bonds with a $260,000 face value, a stated rate of interest of 10.00%, and a 10-year

term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.00%. Interest is paid annually on December 31. Assuming Weller issued the bonds for $280,640, what is the carrying value of the bonds on the December 31, Year 3?
Business
1 answer:
Luden [163]4 years ago
3 0

Answer:

The carrying value of the loan in year 3 is $269,119.18

Explanation:

The carrying of the bond in year 3 comprises the loan opening book value in year 3 plus interest calculated on the opening balance using the yield to maturity less the  coupon payment calculated as a percentage of face value as computed in the attached excel file.

You would notice that the carrying values in years 1, 2 and 3 are $277,091.20,$273,258.50  and $269,119.18

Kindly find attached.

Download xlsx
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Answer:

d, all states, as no state requires at least two members to create an LLC

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Maybe this change in laws was because owners cheated on that requisite by placing as the two members (owners) a man and his wife, or a woman and her husband, or some other person (in direct relation with the owner) which was just placing the name but the company actually belonged to only one member.

4 0
3 years ago
A real estate salesperson brings a buyer to a For-Sale-By-Owner transaction. The home sells for $120,000, and the seller agrees
sweet [91]

Solution:

The home sells for = $120000

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Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340

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8 0
3 years ago
Select the items below that describe specific kinds of producers
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2 everything is technically about technology
8 0
3 years ago
When the 4th quarter futa tax is not at least _____, the payment may be mailed at year-end with form 940.
Arisa [49]

When the 4th quarter futa tax is not at least $500,  the payment may be mailed at year-end with form 940.

<h3>What is tax?</h3>

A tax is referred to the amount paid by an individual to the government to contribute to the development of the country through social projects. This tax is laid on different products as a form of duties or charges as well as an amount from the income itself.

FUTA stands for Federal unemployment tax act where you won't need to submit your tax again if your FUTA tax due for the following quarter is $500 or less until the total is $500 or higher.

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3 0
2 years ago
Machinery was purchased for $340,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundat
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$66,800

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