Homework Answers
the interest accrued on the bond of $ 1400000 on september 1 =1400000x8%x1/4=28000
the selling price of bond=(1400000/100)*94=1316000
total cash receivable=1316000+28000=1344000
hence the answer is $1344000
Add Answer to:
On September 1, 2021, Blue Co., issued $1,400,000 of its 8% bonds at 94 plus accrued...
On September 1, 2021, Contemporary Products, issued $16 million of its 10% bonds at face value....
On September 1, 2021, Contemporary Products, issued $16 million of its 10% bonds at face value. The bonds are dated June 1, 2021, and mature on May 30, 2029. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Contemporary Products would receive cash proceeds that would include accrued interest of: Multiple Choice Zero. $200,000 $400,000. O $1.6 million
On July 1, 2018, Spear Co. issued 2,000 of its 10%, $1,000 bonds at 103 plus...
On July 1, 2018, Spear Co. issued 2,000 of its 10%, $1,000 bonds at 103 plus accrued interest. The bonds are dated April 1, 2018 and mature on April 1, 2028. Interest is payable semiannually on April 1 and October 1. What amount of cash did Spear receive from the bond issuance? What is the amount of accrued interest and how is this treated in the entry?
TMC issued $50 million of its 12% bonds on April 1, 2021 at 96, reflecting a...
TMC issued $50 million of its 12% bonds on April 1, 2021 at 96, reflecting a market rate of interest of 14%, plus accrued interest. The bonds are dated January 1, 2021, and mature on December 31, 2040. Interest is payable semiannually on June 30 and December 31. What amount did TMC receive from the bond issuance? (Round your final answer to 2 decimal places.) $49.5 million. O $51.75 million. $49.0 million. $50.5 million.
On March 1, 2020, Concord Co. issued at 103 plus accrued interest $3,980,000, 9% bonds. The...
On March 1, 2020, Concord Co. issued at 103 plus accrued interest $3,980,000, 9% bonds. The bonds are dated January 1, 2020, and pay interest semiannually on July 1 and January 1. In addition, Concord Co. incurred $30,000 of bond issuance costs. Compute the net amount of cash received by Concord Co. as a result of the issuance of these bonds. (Round final answers to o decimal places, e.g. 5275.) Net cash received
TMC issued $65 million of its 12% bonds on April 1, 2021 at 98, reflecting a...
TMC issued $65 million of its 12% bonds on April 1, 2021 at 98, reflecting a market rate of interest of 14%, plus accrued interest. The bonds are dated January 1, 2021, and mature on December 31, 2040. Interest is payable semiannually on June 30 and December 31. What amount did TMC receive from the bond issuance? (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Murupe choice 0 $6370 million 0 $66.95 milicon, 0 S65.65...
6. On March 1, 2018, Concord Co. issued at 103 plus accrued interest $3,980,000, 9% bonds....
6. On March 1, 2018, Concord Co. issued at 103 plus accrued interest $3,980,000, 9% bonds. The bonds are dated January 1, 2018, and pay interest semiannually on July 1 and January 1. In Concord Co. incurred $30,000 of bond issuance costs. addition, Compute the net amount of cash received by Concord Co. as a result of the issuance of these bonds. Round final answers to 0 decimal places, e.g. 5275.) Net cash received Answer
TMC issued $40 million of its 9% bonds on April 1, 2021 ot 99, reflecting a...
TMC issued $40 million of its 9% bonds on April 1, 2021 ot 99, reflecting a market rate of interest of 14%, plus accrued interest. The bonds are dated January 1. 2021, and mature on December 31, 2040. Interest is payable semiannually on June 30 and December 31. What amount did TMC receive from the bond issuance? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Multiple Choice Ο O $40.90 million Ο 538 70 mon....
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%,...
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $16 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Blue Company bonds. Interest is payable on December 1...
Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of...
Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $370 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 $314,955,000, what would the company report for its net bond liability balance after its first interest payment on March 31, 2022? On June...
On January 31, 2021, B Corp. issued $700,000 face value, 12% bonds for $700,000 cash. The...
On January 31, 2021, B Corp. issued $700,000 face value, 12% bonds for $700,000 cash. The bonds are dated December 31, 2020, and mature on December 31, 2030. Interest will be paid semiannually on June 30 and December 31. What amount of accrued interest payable should B report in its September 30, 2021, balance sheet? Multiple Choice $21,000. $42,000. $63,000. $56,000.
On September 1, 2021, Contemporary Products, issued $16 million of its 10% bonds at face value. The bonds are dated June 1, 2021, and mature on May 30, 2029. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Contemporary Products would receive cash proceeds that would include accrued interest of: Multiple Choice Zero. $200,000 $400,000. O $1.6 million
TMC issued $50 million of its 12% bonds on April 1, 2021 at 96, reflecting a market rate of interest of 14%, plus accrued interest. The bonds are dated January 1, 2021, and mature on December 31, 2040. Interest is payable semiannually on June 30 and December 31. What amount did TMC receive from the bond issuance? (Round your final answer to 2 decimal places.) $49.5 million. O $51.75 million. $49.0 million. $50.5 million.
On March 1, 2020, Concord Co. issued at 103 plus accrued interest $3,980,000, 9% bonds. The bonds are dated January 1, 2020, and pay interest semiannually on July 1 and January 1. In addition, Concord Co. incurred $30,000 of bond issuance costs. Compute the net amount of cash received by Concord Co. as a result of the issuance of these bonds. (Round final answers to o decimal places, e.g. 5275.) Net cash received
TMC issued $65 million of its 12% bonds on April 1, 2021 at 98, reflecting a market rate of interest of 14%, plus accrued interest. The bonds are dated January 1, 2021, and mature on December 31, 2040. Interest is payable semiannually on June 30 and December 31. What amount did TMC receive from the bond issuance? (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Murupe choice 0 $6370 million 0 $66.95 milicon, 0 S65.65...
6. On March 1, 2018, Concord Co. issued at 103 plus accrued interest $3,980,000, 9% bonds. The bonds are dated January 1, 2018, and pay interest semiannually on July 1 and January 1. In Concord Co. incurred $30,000 of bond issuance costs. addition, Compute the net amount of cash received by Concord Co. as a result of the issuance of these bonds. Round final answers to 0 decimal places, e.g. 5275.) Net cash received Answer
TMC issued $40 million of its 9% bonds on April 1, 2021 ot 99, reflecting a market rate of interest of 14%, plus accrued interest. The bonds are dated January 1. 2021, and mature on December 31, 2040. Interest is payable semiannually on June 30 and December 31. What amount did TMC receive from the bond issuance? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Multiple Choice Ο O $40.90 million Ο 538 70 mon....
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $16 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Blue Company bonds. Interest is payable on December 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 $370 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 $314,955,000, what would the company report for its net bond liability balance after its first interest payment on March 31, 2022? On June...
Most questions answered within 3 hours.
-
An infinite sheet of charge that has a surface charge density of
39 nC/m2 lies in...
asked 53 minutes ago -
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 2 hours ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 2 hours ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 2 hours ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 2 hours ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 2 hours ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 2 hours ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 2 hours ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 2 hours ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 2 hours ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 2 hours ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 2 hours ago