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MArishka [77]
3 years ago
9

Marketable Debt Securities Use the financial statement effects template to record the accounts and amounts for the following fou

r transactions involving investments in marketable debt securities classified as available-for-sale securities. a. Purchased 5,000 bonds with a face value of $1,000 per bond. The bonds are purchased at par for cash and pay interest at a semi-annual rate of 4%. b. Received semi-annual cash interest of $100,000. c. Year-end fair value of the bonds is $978 per bond. d. Shortly after year-end, Loudder sells all 5,000 bonds for $970 per bond. Use negative signs with answers, if appropriate.
Business
1 answer:
ladessa [460]3 years ago
6 0
Uhh i think this answer is 1,000x6
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Answer:

Current yield=5.74%

Explanation:

Calculation for the current yield for these bonds

Current yield = (.055× $2,000)/$1,917.12

Current yield =$110/$1,917.12

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Therefore the current yield for these bonds will be 5.74%

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Answer:

Break even point in dollar sales = $1,050,000

Explanation:

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Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

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3 years ago
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Answer:

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