The minimum amount of money you may have in an account for said account to be, and stay opened.
Answer:
$120
Explanation:
Interest Expense on the Bonds payable is the coupon payment plus any amortized discount. As in this question there is no amortized discount because the bonds are issued on the par value.
As er given data
Face Value = $100,000
Coupon payment = $100,000 x 12% = $120 annually = $60 semiannually
Interest Expense for the year = Interest Paid on June 30 + Interest Paid on December 31
Interest Expense for the year = $60 + $60 = $120
Answer:
$11,895,000
Explanation:
Expected annual earnings before tax = $21,000,000
Debt issue = $30,000,000
Interest rate = 9%
Annual Interest expenses = $30,000,000 × 9%
= $2,700,000
EBT = EBIT - Interest expenses
= $21,000,000 - $2,700,000
= $18,300,000
Net income = $18,300,000 × (1 - 35%)
= $11,895,000
Cash flows available to equity holders after recapitalization will be $11,895,000.
<span>During an economic downturn, consumers spend considerably less on goods and services. this results in layoffs that are classified as CYCLICALLY UNEMPLOYED.</span>
