subject
Business, 25.09.2020 05:01 apere655

The Bradford Company issued 12% bonds, dated January 1, with a face amount of $92 million on January 1, 2018. The bonds mature on December 31, 2027 (10 years). For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. (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. Determine the price of the bonds at January 1, 2018.2. to 4. Prepare the journal entry to record their issuance by The Bradford Company on January 1, 2018, interest on June 30, 2018 and interest on December 31, 2018 (at the effective rate).

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:50
Required information problem 15-1a production costs computed and recorded; reports prepared lo c2, p1, p2, p3, p4 [the following information applies to the questions displayed below. marcelino co.'s march 31 inventory of raw materials is $84,000. raw materials purchases in april are $540,000, and factory payroll cost in april is $364,000. overhead costs incurred in april are: indirect materials, $59,000; indirect labor, $26,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $58,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $670,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $30,000 $36,000 direct labor 25,000 14,000 applied overhead 12,500 7,000 costs during april direct materials 133,000 210,000 $100,000 direct labor 105,000 150,000 101,000 applied overhead ? ? ? status on april 30 finished (sold) finished in process (unsold) required: 1. determine the total of each production cost incurred for april (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from march 31). a-materials purchases (on credit). b-direct materials used in production. c-direct labor paid and assigned to work in process inventory. d-indirect labor paid and assigned to factory overhead. e-overhead costs applied to work in process inventory. f-actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) g-transfer of jobs 306 and 307 to finished goods inventory. h-cost of goods sold for job 306. i-revenue from the sale of job 306. j-assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions. 3. prepare a schedule of cost of goods manufactured. 4.1 compute gross profit for april. 4.2 show how to present the inventories on the april 30 balance sheet.
Answers: 3
question
Business, 22.06.2019 16:30
Bernard made a gift of $500,000 to his brother in 2014. due to bernardā€™s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernardā€™s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
question
Business, 22.06.2019 18:30
You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2
Answers: 1
question
Business, 22.06.2019 20:00
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
You know the right answer?
The Bradford Company issued 12% bonds, dated January 1, with a face amount of $92 million on January...
Questions
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
World Languages, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
History, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01
question
Mathematics, 16.09.2020 14:01