The bond's coupon rate is 6.66%.
A bond's coupon rate may be calculated by using dividing the sum of the safety's annual coupon bills and dividing them via the bond's par fee. as an example, a bond issued with a face value of $1,000 that pays a $25 coupon semiannually has a coupon rate of 5%.
The coupon price is decided via the issuer of the bonds to the patron. The interest rate is decided by way of the lender. Coupon quotes are largely suffering from the hobby fees decided by means of the authorities. If the hobby costs are set to 6%, then no investor will accept the bonds presenting coupon price decrease than this.
The term “coupon price” specifies the charge of payment relative to a bond's par fee. Secondly, a bond coupon is often expressed in a dollar quantity. for instance, a financial institution might advertise its $1,000 bond with a $50 biannual coupon.
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Answer:
The Journal entry that Oriole Company will make to pay off the note and interest at maturity assuming that interest has been accrued to September 30 will be:
Dr Notes Payable 560,000
Dr Interest Payable 25,200
(560,000*6%*9/12)
Cr Cash 585,200
(560,000+25,200)
Explanation:
Based on the information given where Moss County Bank agrees to lend the Oriole Company $560000 on January 1 this means we have to Debit Note payable with 560,000 and since Oriole Company signs a $560000, 6%, 9-month this means we have to Debit Interest payable with 25,200 (560,000*6%*9/12) and Credit Cash with 585,200 (560,000+25,200).
Answer:
$800,000
Explanation:
25% of the business is equal to 200,000, according to the contestants.
The entire company value is equivalent to 100%
25% = 200,000
100% = ?
100% = 200,000/25 x 100
=$8,000 x 100
=$800,000
The answer is Revenues and liabilities. The lessening in liabilities is accounted for on the charge side of a diary section. Proprietor's Equity is accounted for on the monetary record. Proprietor's value accounts have typical adjusts on the credit side. Income accounts have ordinary adjusts on the credit side.