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Korolek [52]
3 years ago
13

Buffalo Corporation issues $630,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the

market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Issue price of the bonds
Business
1 answer:
katen-ka-za [31]3 years ago
6 0

Answer:

the issue price of the bonds is $593,177

Explanation:

The computation of the issue price of the bonds is shown below:

Particulars                  Amount          PV factorat 5%      Present value

Semi-annual interest $28,350              11.68959              $331,400

Principal                     $630,000            0.41552               $261,778

Total                                                                                     $593,177

hence, the issue price of the bonds is $593,177

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Miranda thinks she is ready to invest in the stock market. What should she do to prepare?
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In a liquidation, a.gains or losses are distributed according to the partnership agreement. b.assets may be sold at amounts that
Sergeeva-Olga [200]

Answer:

D

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8 0
3 years ago
Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
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Answer:

$4,100 Unfavorable

Explanation:

Data provided as per the question

Budgeted fixed overhead cost = $51,000

Actual fixed overhead cost = $55,100

The computation of the fixed manufacturing overhead budget variance is given below:-

Budget variance = Budgeted fixed overhead cost - Actual fixed overhead cost

= $51,000 - $55,100

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In the given question the right answer is not available. So, the right answer is $4,100 unfavorable.

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prohojiy [21]

Answer: The answer is b. Reduce output in the short run.

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In the case of Techno above, they would do well to reduce the output in the short run, since demand has reduced, pending when the demand increases. This is because if they maintain their current output of 3000 TV sets per week, they will sell less units and their revenue (price x quantity sold) will be lower than their cost and this will lead to them incurring loss.

So until the recession scare passes, output should be reduced in the short run.

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