On january 1, 2018, instaform, inc., issued 10% bonds with a face amount of $50 million, dated january 1. the bonds mature in 2037 (20 years). the market yield for bonds of similar risk and maturity is 12%. interest is paid semiannually. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1-a. determine the price of the bonds at january 1, 2018. 1-b. prepare the journal entry to record their issuance by instaform. 2-a. assume the market rate was 9%. determine the price of the bonds at january 1, 2018. 2-b. assume the market rate was 9%. prepare the journal entry to record their issuance by instaform. 3. assume broadcourt electronics purchased the entire issue in a private placement of the bonds. using the data in requirement 2, prepare the journal entry to record the purchase by broadcourt.
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Business, 21.06.2019 21:40
Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
Business, 22.06.2019 10:30
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
Answers: 2
Business, 23.06.2019 01:20
Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?
Answers: 2
Business, 23.06.2019 06:10
Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max
Answers: 3
On january 1, 2018, instaform, inc., issued 10% bonds with a face amount of $50 million, dated janua...
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