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abruzzese [7]
3 years ago
9

Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $25,000,000 of five-year, 7

% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.
Business
1 answer:
snow_lady [41]3 years ago
7 0

Answer:

$23,021,880

Explanation:

The computation of the present value of the bond payable is shown below:

= Present value of interest × PVIFA factor for 4.5% at 10 years + Present value of principal × discount rate for 4.5% for 10 years

= $25,000,000 × 3.5% × 7.91272 + $25,000,000 × 0.64393

= $6,923,630 + $16,098,250

= $23,021,880

Refer to the discount table and the PVIFA factor table

We simply added the interest amount and the principal amount by considering the discount rate and the PVIFA factor

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Computing Number of Shares
DIA [1.3K]

Answer: See explanation

Explanation:

1. Determine the authorized shares.

The authorized share simply refers to the maximum number of shares that can be issued by a particular company. In this case, the authorised share is 212000.

2. Determine the issued shares.

The issued share simply means the shares sold. In this case, the answer is 145000 shares.

3. Determine the outstanding shares.

The outstanding shares will be:

= 145000 - 15000

= 130000

5 0
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The chief goal of human relations is to
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73. They are called Human relations or HR because they are responsible to make sure that the employees that working on the Company they are in is find and having no difficulties. They ensure that they answer the queries and clarification of the employees and also make takes action if there are unnecessary problem or issue that is going on to every person in the company. They are also the one who provide protocols and work ethics to make sure that the company is in good conditions in terms of professionalism.
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3 years ago
On July 1 the Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was increased for t
Papessa [141]

Answer:

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Explanation:

Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:

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4 0
3 years ago
An early method of interrogation was ______, which included brutalizing an individual to gather information.
Vikentia [17]
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3 0
3 years ago
Which of the following policy actions do the authors propose to offset the negative consequences of rising income inequality? Ch
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Answer: B. modestly higher average tax rates.

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