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RoseWind [281]
3 years ago
7

Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $25,000,000 of five-year, 7

% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. $fill in the blank 1
Business
1 answer:
PilotLPTM [1.2K]3 years ago
3 0

Answer:

Bond Price or Present value = $23021820.4557 rounded off to $23021820

Explanation:

To calculate the quote/price of the bond today, the present value, we will use the formula for the price of the bond. As the bond is a semi annual bond, the semi coupon payment, semi annual number of periods and semi annual YTM will be,

Coupon Payment (C) = 25000000 * 0.07 * 6/12 = $875000

Total periods (n) = 5 * 2 = 10

r or YTM = 0.09 * 6/12 = 0.045 or 4.5%

The formula to calculate the price of the bonds today is attached.

Bond Price = 875000 * [( 1 - (1+0.045)^-10) / 0.045]  +

25000000 / (1+0.045)^10

Bond Price or Present value = $23021820.4557 rounded off to $23021820

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Marilyn, Bob, and Carl all believe a certain defendant is probably guilty and should be sentenced. Individually their recommenda
bazaltina [42]

Answer:

Explanation:

Group polarization is a concept in social psychology where the decision made by a group of people is more extreme to the decision made by the individual members of the group.

The members of the group recommended 3,5,7 years as prison sentence individually but 10 years together. 10 years is more extreme when compared to the sentences recommended individually.

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5 0
3 years ago
What do the three numbers at the bottom of the check stand for?
Vadim26 [7]

Answer:

Routing number, account number and check number

Explanation:

There are three numbers present at the bottom of the check. On the left side or the first number is a nine digit number that is also called RTN, is routing number. This represents the code of the bank where the account was opened.

Second number in the middle is the account number which is a unique number. All transactions are carried out using this number.

The last number on the right side is the check number. It just represents the check number that one is writing to maintain records.

5 0
3 years ago
Read 2 more answers
How can I start for drug design to end up having a career as a drug designer?
MatroZZZ [7]

Answer:

Inorder to start for drug design to end up having a career as a drug designer, one needs to follow the processes below;

1. Discovery

2. Product characterization

3. Formulation, delivery, packaging development

4. Phamacokinetics and drug disposition

5. Preclinical toxicology testing and IND application

6. Bioanalytical testing

7. Clinical trials

Explanation:

Drug design is a method in which one develops new medicinal drugs based on the knowledge of a biological target.

The knowledge of the biological target is it's molecular make up. Once the molecular information about the target has been determined, the drug is developed to compliment the bio-molecular properties of the target.

The bio-molecular properties usually considered are the shape and the charge.

There are seven major processes to complete drug design. They are as follows;

<em>1. Discovery</em>

This starts with a target identification where the biochemical relationship involved in the disease condition. The interaction between a drug candidate and the drug target is determined using rigorous screening processes. A lead compound is chosen after effective review.

<em>2. Product characterization</em>

The candidate molecule is then classified and its characteristics noted.

<em>3. Formulation, delivery, packaging development</em>

Formulations for proper drug delivery parameters should be determined. This will include all parameters of shipment and storage to ensure proper and safe delivery.

<em>4. Phamacokinetics and drug disposition</em>

Pharmacokinetics(Pk) offer useful feedback to the formulation scientists. Pk offers parameters such as area under the curve and the maximum concentration of the drug in the blood and the time at which the maximum concentration is reached.

<em>5. Preclinical toxicology testing and IND application</em>

This involves the testing of the bio-activity, safety and efficacy of the formulated drug product

<em>6. Bioanalytical testing</em>

This is important for proper characterization of the molecule

<em>7. Clinical trials</em>

The clinical trial are conducted by grouping them into three types, majorly;

human pharmacology, therapeutic exploratory, and therapeutic confirmatory

6 0
3 years ago
On January 1, 2013, Ameen Company purchased a building for $36 million. Ameen uses straight-line depreciation for financial stat
Amiraneli [1.4K]

Answer:

1.Dr Income Tax Expense 22

Cr Income Tax Payable 16

Cr Deferred Tax Liability 6

2.Net Income of Ameen in 2016 = $23

Explanation

1.Preparation of the appropriate journal entry to record Ameena 2016 income taxes

Calculation for Pretax accounting income

Pretax accounting income = $45

Less:Excess Depreciation as per tax = ($5)

($20-$13)-($30-$28)

$7-$5

=$5

Taxable Income = $40

Income tax for the year = 40 × 40%

Income tax for the year= $16

Calculation for Deferred Tax Expense for the year 2016

Deferred Tax Expense for the year 2016 = ($28 - $13) ×40%

Deferred Tax Liability= $15 ×40%

Deferred Tax Liability= $6

Calculation for Income Tax Expense

Income Tax Expense = $16 + $6

Income Tax Expense= $22

Therefore the appropriate journal entry to record Ameena 2016 income taxes will be:

Dr Income Tax Expense $22

Cr Income Tax Payable $16

Cr Deferred Tax Liability $6

2. Calculation for Ameen 2016 net income

Net Income

Accounting Income of Ameen = $45

Less: Total Tax Expense = ($22)

Net Income of Ameen in 2016 = $23

Therefore the Net Income of Ameen in 2016 will be $23

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