Homework Answers
Cost of debt is calculated using the RATE function:-
=RATE(nper,pmt,pv,fv)
=RATE(9,6%*1000,-1080,1000)*(1-0.21)
=3.86%
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Micro Spinoffs Inc. issued 10-year debt a year ago at par value with a coupon rate...
Micro Spinoffs Inc. issued 10-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, the debt is selling at $1,280. If the firm’s tax bracket is 21%, what is its percentage cost of debt? Assume a face value of $1,000. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate...
Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,130. If the firm’s tax bracket is 30%, what is its percentage cost of debt? Assume a face value of $1,000. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
20. Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value...
20. Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate 01 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 21%, what is its percentage cost of debt? (LO13-4)
20. Cost of Debt. Micro Spinoffs Inc. issued 20-vear debt a year ago at par value...
20. Cost of Debt. Micro Spinoffs Inc. issued 20-vear debt a year ago at par value with a coupon rate of 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 21%. What is its percentage cost of debt? (LO13-4)
please i need assistance with the correct question. Check my work mode: This shows what is...
please i need assistance with the correct question.
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Retu 7 Lever Age pays an 10 % rate of interest on $9.00 million of outstanding debt with face value $9 million. The firm's EBIT was $3 million. a. What is its times interest earned? (Round your answer to 2 decimal places.) 2. points 3 Answer is complete...
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question A factory costs $290,000. You forecast that it will produce cash inflows of $85,000 in year 1, $145,000 in year 2, and $230,000 in year 3, The discount rate is 10%. a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10...
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Saved Chapter 5 Homework Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it Gerdes Psychological Services, Inc, closes its temporary accounts once each year on December 31. The compa following income statement as part of its annual report. 2,500 GERDES PSYCHOLOGICAL SERVICES, INC. Income Statement For the year ended December 31, current year Revenues Counseling revenue Expenses: Advertising expense Salaries expense 97,000 Office supplies expense Utilities expense Malpractice insurance...
Check my work mode: This shows what is correct or incorrect for the work you have...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does O'Reilly Beverage Company reported net income of $680,000 for 2021. In addition, the company deferred a $50,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $25,000. Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25% (Amounts to be deducted should be indicated with a minus sign.)...
Check my work mode: This shows what is correct or incorrect for the work you have...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate Invoice cost Shipping charges Import taxes and duties Interest (6.ex) on $2,240 borrowed from the bank to finance the purchase $2,248 181 160 11.11 points 134 $2,715 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system (if no entry is required for a transaction/event, select "No journal entry...
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of item Market Value А $4,250 $5,350 B 7,250 6,000 С 6,900 6,900 D 4,350 4,750 E 8,500 9,000 F 9,350 8,700 When the financial statements are prepared and assuming the accounting department...
20. Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate 01 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 21%, what is its percentage cost of debt? (LO13-4)
20. Cost of Debt. Micro Spinoffs Inc. issued 20-vear debt a year ago at par value with a coupon rate of 8%, paid annually. Today, the debt is selling at $1,050. If the firm's tax bracket is 21%. What is its percentage cost of debt? (LO13-4)
please i need assistance with the correct question.
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Retu 7 Lever Age pays an 10 % rate of interest on $9.00 million of outstanding debt with face value $9 million. The firm's EBIT was $3 million. a. What is its times interest earned? (Round your answer to 2 decimal places.) 2. points 3 Answer is complete...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question A factory costs $290,000. You forecast that it will produce cash inflows of $85,000 in year 1, $145,000 in year 2, and $230,000 in year 3, The discount rate is 10%. a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10...
Saved Chapter 5 Homework Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it Gerdes Psychological Services, Inc, closes its temporary accounts once each year on December 31. The compa following income statement as part of its annual report. 2,500 GERDES PSYCHOLOGICAL SERVICES, INC. Income Statement For the year ended December 31, current year Revenues Counseling revenue Expenses: Advertising expense Salaries expense 97,000 Office supplies expense Utilities expense Malpractice insurance...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does O'Reilly Beverage Company reported net income of $680,000 for 2021. In addition, the company deferred a $50,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $25,000. Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25% (Amounts to be deducted should be indicated with a minus sign.)...
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Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of item Market Value А $4,250 $5,350 B 7,250 6,000 С 6,900 6,900 D 4,350 4,750 E 8,500 9,000 F 9,350 8,700 When the financial statements are prepared and assuming the accounting department...
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