subject
Business, 10.03.2020 01:26 brandytyler317fries

Blue Ridge issued bonds payable on January 1, 2018.

Each $1,000 bond is convertible to 10 shares of common stock after January 1, 2019.
The bonds have a 5-year term, a stated rate of 8%, and pay interest annually on January 1.
The bonds were issued at a premium of $25,274 which provides an effective interest rate of 6%.

What is the total amount of Blue Ridge's term bonds?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:10
Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. as a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?
Answers: 1
question
Business, 21.06.2019 20:20
Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answers: 2
question
Business, 22.06.2019 04:30
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
Answers: 1
question
Business, 22.06.2019 08:00
3. describe the purpose of the sec. (1-4 sentences. 2.0 points)
Answers: 3
You know the right answer?
Blue Ridge issued bonds payable on January 1, 2018.

Each $1,000 bond is convertible to...
Questions