please show how to get the pv either in sceduel or finacial
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please show how to get the pv either in sceduel or finacial
calculator
On Jan 1...
E14-1 On Jan 1 2019 LCM1 issued a 5 year $700,000 Bond paying 9% interest semi-annually....
E14-1 On Jan 1 2019 LCM1 issued a 5 year $700,000 Bond paying 9% interest semi-annually. The market rate for bonds of similar risk and maturity was 10%. LCM uses the straight-line method amortization. Journalize the LCM1 Issue Cr. Dr. Jan 1 Cash Bond Issue Disc Bond Journalize the interest payment made by LCM June 30 2019 Cr. Dr. Jun 30 Interest Payment
On Jan 1 2019 LCM2 issued a 7 year $700,000 Bond paying 8% interest semi-annually. The...
On Jan 1 2019 LCM2 issued a 7 year $700,000 Bond paying 8% interest semi-annually. The market rate for bonds of similar risk and maturity was 11%. LCM uses the straight-line method amortization. Journalize the LCM2 Issue Jan 1 Bond Issue Dr. Cr. Journalize the interest payment made by LCM2 June 30 2019 Jun 30 Interest Payment Dr. Cr.
Please show the steps to finding the answer using a *Financial Calculator*! Thank you. 1) The...
Please show the steps to finding the answer using a
*Financial Calculator*! Thank you.
1) The U.S. Treasury issued a 7-year maturity, $1000 par value bond exactly 3 years ago. The bond pays a nominal coupon rate of 12%. The coupon payments are paid semi-annually The most recent coupon payment (the sixth coupon payment) was made yesterday. Your required rate of return from the bond is 10% per year What is the price of the bond today? If the bond...
can I get the solution for b and c? Show Me How Calculator Entries for issuing...
can I get the solution for b and c?
Show Me How Calculator Entries for issuing Bonds and Amortizing Discount by Straight-Une Method On the first day of its fiscal year, Chin Company issued $24.900,000 of five-year, 10% bonds to finance its operations of producing and selling home Improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) Interest rate of s i ng le company receiving cash of 123.961.556. a. Journalize the entries to record...
Please explain how to get each of the numbers. For example, explain how you get the...
Please explain how to get each of the
numbers. For example, explain how you get the present value of the
bonds using the excel PV function and how you get each of the
numbers for the amortization schedule and journal entries. Thanks
so much.
P14-2IL01,2) Issuance and Redemption of Bonds Venezuela Co. is building a new hockey arena. Information concerning the arena follows. $ $ $ $ 2,500,000 500,000 2,000,000 2,000,000 Cost of arena Down payment received from local businesses...
Chapter 14 Test eBook Show Me How Calculator Print Item 1. PR. 14-04.ALGO Entries for Bonds...
Chapter 14 Test eBook Show Me How Calculator Print Item 1. PR. 14-04.ALGO Entries for Bonds Payable and Installment Note Transactions The following transactions were completed by Montague Inc., whose fiscal year is the calendar year: Year 1 Issued $7,970,000 of five-year, 8% callable bonds dated July 1, Year 1, at a market (effective) rate of 9%, receiving cash of $7,654,677. July 1. Interest is payable semiannually on December 31 and June 30. Oct. 1. Borrowed $310,000 by issuing a...
On July 1, 2020 Pronghorn Limited issued bonds with a face value of $980,000 due in...
On July 1, 2020 Pronghorn Limited issued bonds with a face value of $980,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 11%. The company’s year-end was September 30. The company used the effective interest method of amortization. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round factor values...
On July 1, 2020 Sheridan Limited issued bonds with a face value of $980,000 due in...
On July 1, 2020 Sheridan Limited issued bonds with a face value of $980,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 11%. The company’s year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF...
Question 1 of 6 < > 0.93 / 8 View Policies Show Attempt History Current Attempt...
Question 1 of 6 < > 0.93 / 8 View Policies Show Attempt History Current Attempt in Progress On July 1, 2020 Tamarisk Limited issued bonds with a face value of $900,000 due in 20 years, paying interest at a face rate of 11% on January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor...
E14-1 On Jan 1 2019 LCM1 issued a 5 year $700,000 Bond paying 9% interest semi-annually. The market rate for bonds of similar risk and maturity was 10%. LCM uses the straight-line method amortization. Journalize the LCM1 Issue Cr. Dr. Jan 1 Cash Bond Issue Disc Bond Journalize the interest payment made by LCM June 30 2019 Cr. Dr. Jun 30 Interest Payment
On Jan 1 2019 LCM2 issued a 7 year $700,000 Bond paying 8% interest semi-annually. The market rate for bonds of similar risk and maturity was 11%. LCM uses the straight-line method amortization. Journalize the LCM2 Issue Jan 1 Bond Issue Dr. Cr. Journalize the interest payment made by LCM2 June 30 2019 Jun 30 Interest Payment Dr. Cr.
Please show the steps to finding the answer using a
*Financial Calculator*! Thank you.
1) The U.S. Treasury issued a 7-year maturity, $1000 par value bond exactly 3 years ago. The bond pays a nominal coupon rate of 12%. The coupon payments are paid semi-annually The most recent coupon payment (the sixth coupon payment) was made yesterday. Your required rate of return from the bond is 10% per year What is the price of the bond today? If the bond...
can I get the solution for b and c?
Show Me How Calculator Entries for issuing Bonds and Amortizing Discount by Straight-Une Method On the first day of its fiscal year, Chin Company issued $24.900,000 of five-year, 10% bonds to finance its operations of producing and selling home Improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) Interest rate of s i ng le company receiving cash of 123.961.556. a. Journalize the entries to record...
Please explain how to get each of the
numbers. For example, explain how you get the present value of the
bonds using the excel PV function and how you get each of the
numbers for the amortization schedule and journal entries. Thanks
so much.
P14-2IL01,2) Issuance and Redemption of Bonds Venezuela Co. is building a new hockey arena. Information concerning the arena follows. $ $ $ $ 2,500,000 500,000 2,000,000 2,000,000 Cost of arena Down payment received from local businesses...
Chapter 14 Test eBook Show Me How Calculator Print Item 1. PR. 14-04.ALGO Entries for Bonds Payable and Installment Note Transactions The following transactions were completed by Montague Inc., whose fiscal year is the calendar year: Year 1 Issued $7,970,000 of five-year, 8% callable bonds dated July 1, Year 1, at a market (effective) rate of 9%, receiving cash of $7,654,677. July 1. Interest is payable semiannually on December 31 and June 30. Oct. 1. Borrowed $310,000 by issuing a...
Question 1 of 6 < > 0.93 / 8 View Policies Show Attempt History Current Attempt in Progress On July 1, 2020 Tamarisk Limited issued bonds with a face value of $900,000 due in 20 years, paying interest at a face rate of 11% on January 1 and July 1 each year. The bonds were issued to yield 12%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor...
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