1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allsm [11]
3 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]3 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
You might be interested in
An investor just purchased a 10-year, $1,000 par value bond. the coupon rate on this bond is 8 percent annually, with interest b
cupoosta [38]

i think it is $875.38

7 0
3 years ago
As governor, Marcy has decided that anyone who works but earns less than $20,000 a year will have their health insurance premium
harina [27]

Answer:

They have risen.

Explanation:

Demand has increased, but supply has remained constant.

8 0
3 years ago
Which eoc configuration allows personnel to function in the eoc?.
jenyasd209 [6]

Answer: The Departmental Structure allows personnel to function in the EOC with minimal preparation or startup time. Log in for more information. This answer has been confirmed as correct and helpful.

Explanation:

4 0
2 years ago
g Assume the following sales data for a company: Current year $764,442 Preceding year $509,074 What is the percentage increase i
IgorLugansk [536]

Answer:

50.16%

Explanation:

The percentage increase in sales from the preceding year to the current year can be calculated as:

\frac{P_c-P_p}{P_p}\cdot 100

where:

P_c is the sale for the current year

P_p is the sale for the preceding year

From the sales data of this problem, we have:

P_c=\$764,442 (current year)

P_p=\$509,074 (preceding year)

Therefore, the percentage increase in sales is:

\frac{764,442-509,074}{509,074}\cdot 100=50.16\%

5 0
3 years ago
What’s a industry-wide sales volume?<br> What’s the different of dollars and units?
vaieri [72.5K]

Answer:

<u><em>What’s a industry-wide sales volume? </em></u>

It is a measurement of the average of money and units sold showing  the size of an specific industry.

<u><em>What’s the different of dollars and units?</em></u>

The expresion in dollars shows the economic variatoion of the industry and in units shows how the production is growing or reducing.

4 0
3 years ago
Other questions:
  • A company collected $10,000 cash from a customer as a deposit for goods that will be shipped next quarter.
    14·2 answers
  • The purchasing power of money and the price level vary: Group of answer choices inversely. directly during recessions, but inver
    7·1 answer
  • What is the similar about negative growth rate and zero growth rate?
    6·2 answers
  • Which of the following situations would be considered cyclical unemployment? Choose one or more: A. A typewriter repair shop clo
    8·1 answer
  • Match the following terms to the correct definition. A measure of process output divided by input that helps us determine the ef
    12·1 answer
  • Fijisawa Inc. is considering a major expansion of its product line and has estimated the following free cash flows associated wi
    15·1 answer
  • Are the following statements true or false? Explain in each case.
    5·1 answer
  • A major drug company anticipates that in future years it could be involved in PROBLEMS 85 litigation regarding perceived side ef
    13·1 answer
  • Since world war ii, the federal government's share of total government expenditures has been between?
    9·1 answer
  • Exporting products overseas is an example of ________.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!