Answer: $4950
Explanation:
From the question, we are informed that a company issues 9% bonds with a par value of $110,000 at par on January 1 and that the market rate on the date of issuance was 8% and also that the bonds pay interest semiannually on January 1 and July 1.
There is no discount on the bonds payable because they are issues at par. Therefore, the cash paid on July 1 to the bond holders will be:
= $110,000 x 9% x 6/12
= $110,000 x 9/100 x 6/12
= $110,000 x 0.09 x 0.5
= $4,950
<span>Failure to shred financial documents, as given in option A, puts you at risk for dumpster diving. If financial documents are not shredded, then it is possible for bad actors going through your trash to recover personal and confidential information which can be used for various kinds of fraud and theft.</span>
Answer:
Maybe a loss in jobs?
Explanation: Because people who work for the oil company have to stop working idk
Answer:
$34,500
Explanation:
Whelan, Inc.
2019 Operating Cash Flow
<u>Details Amount ($)</u>
Interest expense paid (97,500)
Decrease in net working capital investment <u> 132,000 </u>
Net operating cash flow <u> 34,500 </u>
Answer:
7.3%
Explanation:
Bond price is the sum of present value of coupon payment and face value of the bond. If the price is available the coupon payment can be calculated by following formula
As per given data
n= 18 years
Par value = $1,000
Price = $965
YTM = 7.7%
As we have the value of the bond we need to calculate the coupon payment using following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
$965 = C x [ ( 1 - ( 1 + 7.7% )^-18 ) / 7.7% ] + [ $1,000 / ( 1 + 7.7% )^18 ]
$965 = C x 9.57 + $263.10
$965 - 263.10 = C x 9.57
701.9 = C x 9.57
C = 701.9 / 9.57 = 73.34
Coupon rate = 73.34 / 1000 = 7.334%
