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xeze [42]
3 years ago
8

James Corporation is planning to issue bonds with a face value of $508,500 and a coupon rate of 6 percent. The bonds mature in 7

years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January 1 of this year. (FV of $1, PV of $1, FV of $1, an PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: Compute the issue (sales) price on January 1 of this year for each of the following independent cases:
Business
1 answer:
lora16 [44]3 years ago
8 0

Answer:

The solution according to the given query is summarized in the explanation segment below.

Explanation:

Given:

Face value,

= $508,500

Coupon rate,

= 6%

Bonds mature in years,

= 7

Now,

(a)

Issue price will be:

= 508500\times 0.75788+15255\times 12.10626

= 385381.98+184680.99

= 570,063 ($)

(b)

Issue price will be:

= 508500\times 0.66112+15255\times 11.29607

= 336179.52 + 172321.55

= 508,501 ($)

(c)

Issue price will be:

= 508500\times 0.55839+15255\times 10.39090

= 283941.32 +158513.18

= 442,454 ($)

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Answer:

Part A. $1200

Part B. $1200  

Explanation:

Part A.

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Year 1    20%

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Year 3   19.2%

Year 4   11.52%

Year 5   11.52%

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8 0
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Describes how a monopoly controls an industry
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Answer:

Key ideas:

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  • Will have some influence in politics.
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Explanation:

Monopoly refers to the state when there is only one company controlling the flow of products, therefore controlling the prices of it. There are a lot of examples of monopoly in the contemporary era such as AB Inbev, but it doesn't mean that it is totally a modern concept. Monopoly existed even in history take for example the case of Carnegie steel mills or the issue of railroads.

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Answer and Explanation:

The journal entries are shown below

On Sept 1

Supplies Dr $1,020

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(being supplies purchased in cash)

On Sept 5

Dividend Dr $410

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cash Dr 5,500

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3 0
3 years ago
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