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Illusion [34]
2 years ago
7

Patton Company purchased $400,000 of 10% bonds of Scott Co. on January 1, 2011, paying $376,100. The bonds mature January 1, 202

1; interest is payable each July 1 and January 1. The discount of $23,900 provides an effective yield of 11%. Patton Company uses the effectiveinterest method and plans to hold these bonds to maturity. 5. On July 1, 2011, Patton Company should increase its Held-to-Maturity Debt Securities account for the Scott Co. bonds by
Business
1 answer:
Inessa05 [86]2 years ago
6 0

Answer:

$685.55

Explanation:

Patton company ;

Bond payments $376,100 × 0.055

= $20,685.55

Less face amount $400,000 × 0.05

= $20,000

Held-to-maturity debt securities $685.55

($20,685.55 - $20,000)

Note:

Effective yield(market rate)

= 11% ÷ 2

= 5.5%

Bonds

= 10% ÷ 2

= 5%

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Explanation:

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If offered employment by Amazon, would you be legally eligible to begin employment immediately?
mr Goodwill [35]

Answer:

Explanation:

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3 years ago
What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.20%? The bond has 12 years to matu
Troyanec [42]

Answer:

$544.265

Explanation:

Given:

FV = $1,000

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N = 12 years

Required:

Find the value of the zero coupon bond.

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PV = FV * PVIF(I/Y, N)

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7 0
3 years ago
A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all
lesya692 [45]

Answer:

Barley $29,000; Carter $23,000 ;Desai $0

Explanation:

Calculation to determine How much of this money should each of the partners receive

PARTNER WITH DEFICIT CAPITAL BALANCE

Barley,Capital(50%) Carter,Capital(30%)

Desai,Capital(20%)

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Potential loss from Desai deficit

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Carter (3/8*$24,000=$9,000)

Desai($15,000)($9,000) =$24,000

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Carter, ($32,000-$9,000=$23,000)

Desai($24,000-$24,000=0)

Therefore The amount of the money that each of the partners should receive is :

Barley $29,000; Carter $23,000 ;Desai $0

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2 years ago
"Americans in this decade are less likely than in the prior decade to say they want to lose weight, with the average dropping fr
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