Homework Answers
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Effective interest rate = 116,000*9%*6/12 = 5220 = (5220/(116,000-5220)) * 12/6 = (5220/110,780)*12/6 = 9.42% |
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13-14 100 PTS i Saved Save & Exit Submit Help On September 1, 2021, Hiker Shoes...
On September 1, 2018, Hiker Shoes issued a $104,000, 8-month, noninterest-bearing note. The loan was made...
On September 1, 2018, Hiker Shoes issued a $104,000, 8-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 7%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to two decimal places, e.g., .1234 as 12.34%.) Multiple Choice Ο 700%. Ο 734%. Ο 7.26%. Ο 727%.
Question 1 (1 point) Saved On October 31, 2021, Simeon Builders borrowed $16 million cash and...
Question 1 (1 point) Saved On October 31, 2021, Simeon Builders borrowed $16 million cash and issued a 7- month, noninterest-bearing note. The loan was made by Star Finance Co. The stated discount rate is 8%. Sky's effective interest rate on this loan is: Equal to the stated discount rate of 8%. More than the stated discount rate of 8%. Unrelated to the stated discount rate of 8%. Less than the stated discount rate of 8%.
Saved Help Save & Exit #1 Auerbach Inc. issued 4% bonds on October 1, 2021. The...
Saved Help Save & Exit #1 Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $490 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $417,103,000, what would the company report for its net bond liability balance after its first interest payment...
Submit HW #11 Help Save & Exit Saved Check my work 3 On January 1, 2021,...
Submit HW #11 Help Save & Exit Saved Check my work 3 On January 1, 2021, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2022. Expenditures on the project were as follows: 1 $1,850,000 1,500,000 1,700,000 1,500,000 405,000 738,000 1,035,000 January 1, 2021 March 1, 2021 points June 30, 2021 October 1, 2021 January 31, 2022 April 30, 2022 August 31, 2022 eBook Print References...
HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest...
HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest rate [LO13-2] Life.com issued $13 minion of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On September 1, 2019, a...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On September 1, 2019, a firm accepted a 6-month, 6% note for $18,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 9 of 10 Next >
All answers must be entererd as formulas two different questions CHAPTER 5 Saved Help Save & Exit Submit Clipbo...
All
answers must be entererd as formulas
two different questions
CHAPTER 5 Saved Help Save & Exit Submit Clipboard Styles A1 E F G What is the future value of $2,400 in 17 years assuming an interest rate of 7.9 percent compounded semiannually? 2,400 = Bauw 17 Deposit Number of years Interest rate Times compounded per year 7.9% Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. Future value 3 CHAPTER 5...
Liabisties and Con Saved Help Save & Exit Check s Problem 13-3 (Static) Current-noncurrent classification of...
Liabisties and Con Saved Help Save & Exit Check s Problem 13-3 (Static) Current-noncurrent classification of debt [LO13-1, 13-4 The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below a. 11% bonds with a face amount of $40 million were issued for $40 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2022, at a redemption price...
Save &Exit Submit Help Saved Check my work On January 1, 2021, Twister Enterprises, a manufacturer...
Save &Exit Submit Help Saved Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7 % bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year rt 2 of 3 2. If the market interest rate is 8 % , the bonds will issue at $503,306. Record the bond issue on January 1, 2021, and the first two semiannual interest payments...
on.com/flow/connecthem mework Saved Help Save & Exit Submit Check my work On January 1, 2021, Twister...
on.com/flow/connecthem mework Saved Help Save & Exit Submit Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 2. If the market interest rate is 9%, the bonds will issue at $544,795. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021,...
On September 1, 2018, Hiker Shoes issued a $104,000, 8-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 7%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to two decimal places, e.g., .1234 as 12.34%.) Multiple Choice Ο 700%. Ο 734%. Ο 7.26%. Ο 727%.
Question 1 (1 point) Saved On October 31, 2021, Simeon Builders borrowed $16 million cash and issued a 7- month, noninterest-bearing note. The loan was made by Star Finance Co. The stated discount rate is 8%. Sky's effective interest rate on this loan is: Equal to the stated discount rate of 8%. More than the stated discount rate of 8%. Unrelated to the stated discount rate of 8%. Less than the stated discount rate of 8%.
Saved Help Save & Exit #1 Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $490 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $417,103,000, what would the company report for its net bond liability balance after its first interest payment...
Submit HW #11 Help Save & Exit Saved Check my work 3 On January 1, 2021, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2022. Expenditures on the project were as follows: 1 $1,850,000 1,500,000 1,700,000 1,500,000 405,000 738,000 1,035,000 January 1, 2021 March 1, 2021 points June 30, 2021 October 1, 2021 January 31, 2022 April 30, 2022 August 31, 2022 eBook Print References...
HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest rate [LO13-2] Life.com issued $13 minion of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On September 1, 2019, a firm accepted a 6-month, 6% note for $18,000 from a customer with an overdue account balance. The accrued interest recorded for this note on December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 9 of 10 Next >
All
answers must be entererd as formulas
two different questions
CHAPTER 5 Saved Help Save & Exit Submit Clipboard Styles A1 E F G What is the future value of $2,400 in 17 years assuming an interest rate of 7.9 percent compounded semiannually? 2,400 = Bauw 17 Deposit Number of years Interest rate Times compounded per year 7.9% Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. Future value 3 CHAPTER 5...
Liabisties and Con Saved Help Save & Exit Check s Problem 13-3 (Static) Current-noncurrent classification of debt [LO13-1, 13-4 The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below a. 11% bonds with a face amount of $40 million were issued for $40 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2022, at a redemption price...
Save &Exit Submit Help Saved Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7 % bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year rt 2 of 3 2. If the market interest rate is 8 % , the bonds will issue at $503,306. Record the bond issue on January 1, 2021, and the first two semiannual interest payments...
on.com/flow/connecthem mework Saved Help Save & Exit Submit Check my work On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 2. If the market interest rate is 9%, the bonds will issue at $544,795. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021,...
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