1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kumpel [21]
2 years ago
7

Pinder co. produces and sells high-quality video equipment. to finance its operations, pinder co. issued $25,000,000 of five-yea

r, 7% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. determine the present value of the bonds payable
Business
1 answer:
harina [27]2 years ago
4 0

$23,021,820.82 is the correct answer. It is the present value of the future maturity value and the $875,000 interest payments, discounted at 4.5%.

First calculate the amount of each interest payment = 25000000*7%/2 = 875000<span>
<span>Calculate periodic market interest rate = 9%/2 = 4.5%</span></span>

You might be interested in
What is the primary reason to issue stock?
Lapatulllka [165]
To raise money to grow the company
8 0
2 years ago
Read 2 more answers
On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percen
Anvisha [2.4K]

Answer:

<u>The Regular Price was $112.50</u>

Explanation:

On Monday- Discounted -25% from original price

On Tuesday- Discounted -50% from the price from "Monday"

I am going to multiply

60 x 0.25 = $15

$15 was discounted from the original price so you should add it to 60

the price is 75 now. Next

We need to multiply 75 x 0.50 = $ 37.5

We do the same and add $37.5 to $75

Which equals = $112.5

<u>The Regular Price was $112.50</u>

Ask Me any questions in the comments so i can clarify myself.

Cheers!

3 0
2 years ago
One of the differences in accounting for a process costing system compared to a job order system is that the amounts used to tra
AlekseyPX

Answer:

The correct answer is letter "A": true.

Explanation:

Companies using the process costing approach accumulate and assign costs to mass production of a good. Instead, job order costing assigns costs of manufacturing to individual units of production. In process costing, the costs are reported from one department involved in manufacturing to another following the production process. On the other hand, in job order costing, the costs are reported in job cost cards as they are being used.

7 0
2 years ago
Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. Preferred stock is trea
mel-nik [20]

Answer:

$74.63 per share

Explanation:

The computation of the value of preferred stock is shown below:

As we know that  

Value of the preferred stock = Annual dividend rate ÷ Returns on the stock

where,

Dividend on the preferred stock = Dividend rate × Par value

= 11% × $100

= $11

And, the return is 14.74%

So, the value of the preferred stock is  

= $11 ÷ 14.74%

= $74.63 per share

6 0
3 years ago
Optical Dispensary borrowed $ 330 comma 000 on January​ 2, 2018​, by issuing a 15 % serial bond payable that must be paid in thr
Shkiper50 [21]

Answer:

Answer for the question is given in the attachment.

Explanation:

Download pdf
3 0
2 years ago
Other questions:
  • When executives from competing firms meet to decide which of them will submit the lowest bid on a contract, they are indulging i
    9·1 answer
  • Choose all that apply. Reliable financial information includes _____.
    9·1 answer
  • During the credit crisis of 2008, investors around the world were fearful about the collapse of real estate markets, shaky stock
    13·1 answer
  • You are looking to buy a car. You can afford $440 in monthly payments for four years. In addition to the loan, you can make a $1
    14·1 answer
  • A man buys a racehorse for ​$20 comma 00020,000 and enters it in two races. He plans to sell the horse​ afterward, hoping to mak
    11·1 answer
  • Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylen
    8·1 answer
  • Hammerhead Inc. uses practical capacity as the denominator to set the cost of supplying capacity and for the current period the
    7·1 answer
  • The project manager building a swimming pool and clubhouse at a retirement community is reviewing the chronological sequence of
    11·1 answer
  • What website would be the best to use to find the best steakhouse near your home?.
    13·2 answers
  • In a proposal, where should you introduce the problem, need, or opportunity you'll address?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!