Homework Answers
| a) | |
| Interest = 307800 x 6.50% | $ 20,007.00 |
| Net Proceeds = $307,800 - $20,007 | $ 287,793.00 |
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calculate the loan proceeds, and the amount of interest
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760 Chapter 14 Long-Term Liabilities Amortization Schedule Carrying Amount Year Cash Interest Unamortized Value $94,349 $5,651...
760 Chapter 14 Long-Term Liabilities Amortization Schedule Carrying Amount Year Cash Interest Unamortized Value $94,349 $5,651 5,329 11,000 $11,322 2011 2012 2013 2014 95,032 95,436 95,888 96,395 96,962 97,597 11,000 4,564 4,112 11,000 11,000 11,000 11,000 11,000 11,000 11,000 11,452 11,507 11,567 11,635 11,712 11,797 11,894 3,038 2018 2019 99,106 100,000 894 (a) Indicate whether the bonds were issued at a premium or a discount and how you can determine th schedule. (b) Indicate whether the amortization schedule is based...
Use the following to answer the next six questions: During the fiscal year ended December 31,...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
This is all of the information I have: Now that you have reviewed information about Cover...
This is all of the information I have: Now that you have reviewed information about Cover 2 Cover, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1 Date Transaction...
This is all of the information I have: Now that you have reviewed information about Cover...
This is all of the information I have: Now that you have reviewed information about Cover 2 Cover, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1 Date Transaction...
i think it's ok. i needed to understand which i did. thank you anyway. P9-3A Mazlin...
i
think it's ok. i needed to understand which i did. thank you
anyway.
P9-3A Mazlin Limited purchased a machine on account on April 2, 2018, at an invoice price of $360,000. On April 4, it paid $2,000 for delivery of the machine. A one-year, $4,000 insurance policy on the machine was purchased on April 5. On April 18, Mazlin paid $8,000 for installation and testing of the machine. The machine was ready for use on April 30. Mazlin estimates...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
760 Chapter 14 Long-Term Liabilities Amortization Schedule Carrying Amount Year Cash Interest Unamortized Value $94,349 $5,651 5,329 11,000 $11,322 2011 2012 2013 2014 95,032 95,436 95,888 96,395 96,962 97,597 11,000 4,564 4,112 11,000 11,000 11,000 11,000 11,000 11,000 11,000 11,452 11,507 11,567 11,635 11,712 11,797 11,894 3,038 2018 2019 99,106 100,000 894 (a) Indicate whether the bonds were issued at a premium or a discount and how you can determine th schedule. (b) Indicate whether the amortization schedule is based...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
i
think it's ok. i needed to understand which i did. thank you
anyway.
P9-3A Mazlin Limited purchased a machine on account on April 2, 2018, at an invoice price of $360,000. On April 4, it paid $2,000 for delivery of the machine. A one-year, $4,000 insurance policy on the machine was purchased on April 5. On April 18, Mazlin paid $8,000 for installation and testing of the machine. The machine was ready for use on April 30. Mazlin estimates...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
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