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3 years ago

The following is the Bravo Unlimited adjusted Trial Balance.

Business

1 answer:

ivanzaharov [21]3 years ago

7 0

Explanation:

The preparation of the Assets section is shown below:-

Alpha Dog Company

Adjusted Trial Balance

December 31, 2016

Particulars Assets

Cash $88,450

Accounts Receivable $150,000

Supplies $29,255

Total current assets $179,255

Fixed Assets

Equipment $295,285

Accumulated Depreciation -$238,760 $56,525

Stock Investment $172,000

Total Fixed assets $228,525

Total Assets $407,780

Total Assets = Total current assets + Total fixed assets

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3 years ago

Cost of Debt KatyDid Clothes has a $150 million (face value) 30-year bond issue selling for 104 percent of par that carries a co

Ivahew [28]

Answer:

the annual pre-tax cost of debt is 10.56%

Explanation:

the beore-tax component cost of debt will be the actual market rate of the bonds, as they offer an interest rate of 11% but are selling at 104 points not at par thus, there is a difference between the rates.

We solve for the rate which makes the coupon and maturity 104

with excel or a financial calculator

PV of the coupon payment

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 5.500 (100 x 11%/2)

time 60 (30 years x 2 payment per year)

rate 0.052787474

$5.5 \times \frac{1-(1+0.0527874736258532)^{-60} }{0.0527874736258532} = PV\\$

PV $99.4338

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$\frac{100}{(1 + 0.0527874736258532)^{60} } = PV$

PV 4.57

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