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Artemon [7]
3 years ago
15

anta Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and in

terest is paid once a year on December 31. The bond matures in three years. The annual market rate of interest was 10 percent at the time the bond was sold. The following amortization schedule pertains to the bond issued: Cash Paid Interest Expense Amortization Balance January 1, Year 1 $901 December 31, Year 1 $60 $90 $30 931 December 31, Year 2 60 93 33 964 December 31, Year 3 60 96 36 1,000 Required: 1. What was the bond's issue price
Business
1 answer:
monitta3 years ago
7 0

Answer:

$901

Explanation:

The bond issue price is the item shown on the amortization schedule which is $901 in this case.

However, we could recompute the bond price using a financial calculator bearing in mind that the financial calculator would be set to its default end mode before making the following inputs:

N=3(number of annual coupons in 3 years)

PMT=60(annual coupon=face value*coupon rate=$1000*6%=$60)

I/Y=10(annual market rate of interest for the bond is 10%)

FV=1000(the face value is  $1000)

CPT

PV=$900.53(closest to $901 when rounded to the nearest whole dollar amount)

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As a result of a thorough physical inventory, Sheridan Company determined that it had inventory worth $320800 at December 31, 20
uranmaximum [27]

Answer:

Sheridan Company

The correct amount of inventory that Sheridan should report is:

= $367,100

Explanation:

a) Data and Calculations:

December 31 Inventory based on physical inventory =      $320,800

Goods held on consignment by Herschel =                            46,300

December 27, FOB destination goods ($22,000)                   0

Correct amount of inventory that Sheridan should report $367,100

b) Goods on consignment are generally the property of the consignor (supplier) and not the consignee's (retailer's).  Therefore, they must appear in the balance sheet of the consignor.  Goods on FOB destination remain the property of the supplier until they reach the buyer's destination.  This is why it is not included above.

6 0
3 years ago
When p = $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units. For every $1 decrea
Neporo4naja [7]

Answer: Equilibrium price is $3 and equilibrium quantity is 40 units.

Explanation:

Demand equation is given by,

Qd= a-bP When P=$5, Qd=30 30 = a – 5b Change in Quantity demanded =  Change in a – (b Change in P) 5 = 0 – b(-1) b=5 So, a = 55

Therefore the demand equation is given by, Qd= 55 – 5P

Supply equation is given by

Qs= c + dP When P=$5, Qs = 50 50 = c + 5d Change in Quantity supplied = Change in c + d(Change in P) -5 = 0 + d(-1) d=5 So, c=25

Therefore, the supply equation is given by,  

Qs= 25 + 5P

Equilibrium is given by

Qd=Qs 55 – 5P= 25 + 5P 30=10P P=$3 And  Equilibrium quantity is, Q= 55 – 5(3) = 55 – 15 = 40 units.

8 0
3 years ago
In the late 1800s, a Frenchman observed that individuals who recovered from a disease were not susceptible to that same disease
hoa [83]

Answer:

The process of "exposing healthy subjects to related or weakened disease agents to protect them from the pathogenic agent is now known as vaccination." But using the syphilis organisms would spread a full-blown serious disease agent. "Mercury and Salvarsan were used to treat syphilis. Although both treatments killed the bacterium, Treponema pallidum, the causative agent of syphilis they also caused rashes, liver damage, loss of limbs and life. These side effects have been attributed to improper handling of the drug."

Reference: Gordon State College. “Microbiology and You.” Microbiology and You: An Introduction, 2019

8 0
3 years ago
When shopping for the best buy in a home theater system the sales representative informs Siddhartha that the more expensive mode
ira [324]

boost frequencies below 80 Hz

What is frequencies?

The frequency of a repeated event is its number of instances per unit of time. In some cases, it is also referred to as temporal frequency or ordinary frequency to underline differences with spatial and angular frequencies, respectively. One (event) per second is equal to one hertz (Hz), which is how frequency is stated. The period is the reciprocal of the frequency since it is the length of time for one cycle in a repeating occurrence. For instance, the period, T—the space between beats—of a heart beating at a frequency of 120 beats per minute (2 hertz), is equal to 0.5 seconds (60 seconds divided by 120 beats).

Learn more about  frequencies with the help of given link:-

brainly.com/question/17264163

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3 0
1 year ago
Dr. Tanaka was served with a malpractice lawsuit based on allegedly removing the wrong organ. Following discovery, it becomes cl
lord [1]

The lawyer should make a motion for summary judgment.

<h3><u>Explanation:</u></h3>

A motion for summary judgement can be considered as a request that is made to the court for ruling other party that it has no case since there were no facts on the case. When the party makes the motion, it claims that the jury must rule in the moving party's side or the case should not move before a jury.  

A party can involve in filing a motion for summary judgment when the party feels that there are no facts in the case or problem. In the example given, there exists no evidence against the doctor and hence no jury can rule in favor of the plaintiff. Thus, the Doctor's lawyer should make a motion for summary judgment.

3 0
3 years ago
Read 2 more answers
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