Required information [The following information applies to the questions displayed below.] The note about debt...
Required information
[The following information applies to the questions
displayed below.]
The note about debt included in the financial statements of
Healdsburg Company for the year ended December 31, 2017 disclosed
the following:
| 7.35% notes due 2018 | $ | 202,400,000 |
| 7.85% notes due 2023 | $ | 346,200,000 |
| 8.10% notes due 2032 | $ | 227,000,000 |
| 7.73% notes due 2040 | $ | 202,000,000 |
| 6.65% notes due 2019 | $ | 25,200,000 |
The above table summarizes the long-term debt of the Company at
December 31, 2017. All of the notes were originally issued at their
face (maturity) value and have been gradually repaid over time so
that these amounts are the remaining balances at this date.
Assuming that the notes pay interest annually and mature on
December 31 of the respective years. (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:
Compute the total cash interest payments in 2018 for these
notes.
Total Cash Interest ____
Homework Answers
| in $ | Interest % | Interest Amt ($) | ||
| 31-Dec-18 | 7.35% notes due 2018 | 20,24,00,000 | 7.35% | 1,48,76,400 |
| 31-Dec-18 | 7.85% notes due 2023 | 34,62,00,000 | 7.85% | 2,71,76,700 |
| 31-Dec-18 | 8.10% notes due 2032 | 22,70,00,000 | 8.10% | 1,83,87,000 |
| 31-Dec-18 | 7.73% notes due 2040 | 20,20,00,000 | 7.73% | 1,56,14,600 |
| 31-Dec-18 | 6.65% notes due 2019 | 2,52,00,000 | 6.65% | 16,75,800 |
| 7,77,30,500 |
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