Homework Answers
| Period | 3% | |||||||||
| Cash flows | Table value | Present value | 1 | 0.9709 | ||||||
| Maturity value | $350,000 | 0.412 | $144,200 | 2 | 0.9426 | |||||
| Interest payment | $12,250 | 19.6005 | $240,106 | 3 | 0.9151 | |||||
| Price of bond | $384,306 | 4 | 0.8885 | |||||||
| 5 | 0.8626 | |||||||||
| Difference due to rounding off of table values | $384,195 | 6 | 0.8375 | |||||||
| 7 | 0.8131 | |||||||||
| 8 | 0.7894 | |||||||||
| 9 | 0.7664 | |||||||||
| 10 | 0.7441 | |||||||||
| 11 | 0.7224 | |||||||||
| 12 | 0.7014 | |||||||||
| 13 | 0.681 | |||||||||
| 14 | 0.6611 | |||||||||
| 15 | 0.6419 | |||||||||
| 16 | 0.6232 | |||||||||
| 17 | 0.605 | |||||||||
| 18 | 0.5874 | |||||||||
| 19 | 0.5703 | |||||||||
| 20 | 0.5537 | |||||||||
| 21 | 0.5375 | |||||||||
| 22 | 0.5219 | |||||||||
| 23 | 0.5067 | |||||||||
| 24 | 0.4919 | |||||||||
| 25 | 0.4776 | |||||||||
| 26 | 0.4637 | |||||||||
| 27 | 0.4502 | |||||||||
| 28 | 0.4371 | |||||||||
| 29 | 0.4243 | |||||||||
| 30 | 0.412 | |||||||||
| 19.6005 | ||||||||||
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QS 14-5A Computing bond...
QS 14-5A Computing bond price LO C2 Garcia Company issues 12.00%, 15-year bonds with a par...
QS 14-5A Computing bond price LO C2 Garcia Company issues 12.00%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.00%, which implies a selling price of 115 1/3. Confirm that the bonds' selling price is approximately correct. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations....
Garcia Company issues 9.00%, 15-year bonds with a par value of $380000 and semiannual interest payments....
Garcia Company issues 9.00%, 15-year bonds with a par value of $380000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 12938. Confirm that the bonds' selling price is approximately correct. Use present value Table B1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole...
newconnect.mheducation.com/flow/conne e escohost Bitty Bitlink Manag. Welcome ISCCCDP. M Inbox - nancyde24. My Drive - Google...
newconnect.mheducation.com/flow/conne e escohost Bitty Bitlink Manag. Welcome ISCCCDP. M Inbox - nancyde24. My Drive - Google Group Work Part 1 QS 10-5A Computing bond price LO C2 Garcia Company issues 1000%, 15 year bonds with a par value of $470.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 800%, which implies a selling price of 117 1/4 Confirm that the bonds' selling price is approximately correct Use present value Table B1 and...
Garcia Company issues 20.00%, 15-year bonds with a par value of $470,000 and semiannual interest payments....
Garcia Company issues 20.00%, 15-year bonds with a par value of $470,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 18.00%, which implies a selling price of 110 1/4. Confirm that the bonds’ selling price is approximately correct (within 0.1%). Use the present value Tables B.1 and B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final Per...
Required information Use the following information for the Quick Study below. (The following information applies to...
Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below.] Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 8712. QS 10-3A Computing bond price LO C2 Confirm that the bonds' selling price is approximately correct (within $100). Use present value Table B.1 and...
QS 10-16A Computing bond price LO C2 Compute the selling price of 10%, 15-year bonds with...
QS 10-16A Computing bond price LO C2 Compute the selling price of 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. The annual market rate for these bonds is 8%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Table Value P resent Value Cash Flow $240,000 par (maturity) value $12,000 interest payment Price of Bond < Prev...
QS 14-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these...
QS 14-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia Company issues 8.50%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.50%, which implies a selling price of 116 1/4 View transaction list View journal entry worksheet Debit Credit No 1 Date Jan 01, 2017...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 8.5%, 15-year bonds with a...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 8.5%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.5%, which implies a selling price of 116 1/4. Prepare the journal entry for the issuance of these bonds for cash on January 1.
QS 10-18B Effective Interest: Bond premium computations LO PO Garcia Company issues 10%, 15-year bonds with...
QS 10-18B Effective Interest: Bond premium computations LO PO Garcia Company issues 10%, 15-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 14. The effective interest method is used to allocate interest expense. 1. Using the implied selling price of 117 14, what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount...
QS 10-15B Effective Interest: Bond premium computations LO P6 Garcia Company issues 10%, 15-year bonds with...
QS 10-15B Effective Interest: Bond premium computations LO P6 Garcia Company issues 10%, 15-year bonds with a par value of $220,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 14. The effective interest method is used to allocate interest expense 1. Using the implied selling price of 117 14. what are the issuer's cash proceeds from Issuance of these bonds. Cash proceeds 2. What...
QS 14-5A Computing bond price LO C2 Garcia Company issues 12.00%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.00%, which implies a selling price of 115 1/3. Confirm that the bonds' selling price is approximately correct. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations....
Garcia Company issues 9.00%, 15-year bonds with a par value of $380000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 12938. Confirm that the bonds' selling price is approximately correct. Use present value Table B1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole...
newconnect.mheducation.com/flow/conne e escohost Bitty Bitlink Manag. Welcome ISCCCDP. M Inbox - nancyde24. My Drive - Google Group Work Part 1 QS 10-5A Computing bond price LO C2 Garcia Company issues 1000%, 15 year bonds with a par value of $470.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 800%, which implies a selling price of 117 1/4 Confirm that the bonds' selling price is approximately correct Use present value Table B1 and...
Required information Use the following information for the Quick Study below. (The following information applies to the questions displayed below.] Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 8712. QS 10-3A Computing bond price LO C2 Confirm that the bonds' selling price is approximately correct (within $100). Use present value Table B.1 and...
QS 10-16A Computing bond price LO C2 Compute the selling price of 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. The annual market rate for these bonds is 8%. Use present value Table B.1 and Table B.3 in Appendix B. (Round all table values to 4 decimal places, and use the rounded table values in calculations.) Table Value P resent Value Cash Flow $240,000 par (maturity) value $12,000 interest payment Price of Bond < Prev...
QS 14-4 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia Company issues 8.50%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.50%, which implies a selling price of 116 1/4 View transaction list View journal entry worksheet Debit Credit No 1 Date Jan 01, 2017...
QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 8.5%, 15-year bonds with a par value of $390,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.5%, which implies a selling price of 116 1/4. Prepare the journal entry for the issuance of these bonds for cash on January 1.
QS 10-18B Effective Interest: Bond premium computations LO PO Garcia Company issues 10%, 15-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 14. The effective interest method is used to allocate interest expense. 1. Using the implied selling price of 117 14, what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount...
QS 10-15B Effective Interest: Bond premium computations LO P6 Garcia Company issues 10%, 15-year bonds with a par value of $220,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 14. The effective interest method is used to allocate interest expense 1. Using the implied selling price of 117 14. what are the issuer's cash proceeds from Issuance of these bonds. Cash proceeds 2. What...
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