Answer: $687.10
Explanation:
The value of a bond is the present value of the bond's coupon payments plus the present value of the bond's par value at maturity.
First convert terms to semi-annual periods as the coupon rate is semi annual:
Coupon payment = (1,000 * 8.75%) / 2 = $43.75
Required return = 13% / 2 = 6.5%
Number of periods = 25 * 2 = 50 semi annual periods
The coupon payment is an annuity so the value of the bond is:
= Present value of annuity + Present value of par
= (43.75 * ( 1 - (1 + 6.5%) ⁻⁵⁰) / 6.5%) + 1,000 / ( 1 + 6.5%)⁵⁰
= $687.10
Answer: $240,000
Explanation:
400,000÷20,000 = $20 per share (repurchase price)
160,000 ÷ 10,000 = $16 per share (sales price)
$400,000 - $160,000 = $240,000
The treasury stock account is created upon the repurchase of a company's own stock. The treasury stock account is debited for cost of repurchase and then credited.back when the stocks are resold. However, after repurchasing 20,000 stock for 400,000 and selling hlaf the repurchased stock (10,000) for $160,000, then the repurchase price is greater than the sales price. There will be no paid in capital, with the entire amount credited to treasury stock.
Answer:
Beane's cash payment for income tax = $81,000
Explanation:
Income tax expense = $82,000
Decrease in federal income tax payable = $6,000
Increase in state income tax payable = $7,000
Beane's cash payment for income tax = (Income tax expense) - (increase in state income taxes payable) + ( Decrease in federal income taxes payable)
Beane's cash payment for income tax = 82000 - 7000 + 6000
Beane's cash payment for income tax = $81,000
E. Self management
Self-management skills allow you to maximize your productivity, improve your workplace performance and efficiently achieve professional goals. Improving your self-management skills can help you increase your employability and better manage your career path.
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