Multiple Choice Question 38 A $65000, 12%, 5-year note payable that pays interest quarterly would be...
Multiple Choice Question 38 A $65000, 12%, 5-year note payable that pays interest quarterly would be discounted back to its present value by using tables that would indicate which one of the following period-interest combinations? 5 interest periods, 12% interest 20 interest periods, 3.00% interest 20 interest periods, 12% interest 5 interest periods, 3.00% interest
Homework Answers
The answer is 20 interest periods, 3.00% interest
5 Years quarterly interest makes 5*4 = 20 Interest periods
4 periods a year i. e 12/4 = 3% interest per period
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Multiple Choice Question 38 A $65000, 12%, 5-year note payable
that pays interest quarterly would be...
Multiple Choice Question 62 On January 1, 2017, Sheffield Corp. issued eight-year bonds with a face...
Multiple Choice Question 62 On January 1, 2017, Sheffield Corp. issued eight-year bonds with a face value of $6140000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: 0.467 Present value of 1 for 8 periods at 10% Present value of 1 for 8 periods at 12% Present value of 1 for 16 periods at 5% Present value of 1 for 16 periods at...
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of four-year, 12% bonds, with interest...
Present Value of Bonds Payable; Premium
Moss Co. issued $105,000 of four-year, 12% bonds, with interest
payable semiannually, at a market (effective) interest rate of
11%.
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of four-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7 Note: Round final answer to the nearest dollar
Multiple Choice Question 131 The interest on a $10300, 9%, 1-year note receivable is $10393. $11227....
Multiple Choice Question 131 The interest on a $10300, 9%, 1-year note receivable is $10393. $11227. $10300. $927. Click if you would like to Show Work for this question n 02
Multiple Choice Question 221 On January 1, Riverbed Corp issues $3360000, 5-year, 12% bonds at 97...
Multiple Choice Question 221 On January 1, Riverbed Corp issues $3360000, 5-year, 12% bonds at 97 with interest payable on January 1. The entry on December 31 to record accrued bond interest and the amortization of bond discount using the straight-line method will include a debit to Interest Expense, 201600. , debit to Interest Expense, 403200. O credit to Discount on Bonds payable, 20160. O credit to Discount on Bonds Payable, $10080. Question Attempts: 0 of 1 used SAVE FOR...
Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 1. ...
Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 1. Compound 2. Effective rate (APY B. Stated rate 3. Nominal rate C. D. E. F. Four times per year Amount calculated on adjusted principal 12 times per year Years times number of times compounded in one year True rate of interest Know future amount looking for present Rate divided by number of times compounded per year Periodically interest is calculated and added to...
Testbank Multiple Choice Question 63 Marigold Corp. issues $4920000, 4%, 5-year bonds dated January 1, 2020...
Testbank Multiple Choice Question 63 Marigold Corp. issues $4920000, 4%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 3%. What are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods...
Using the appropriate interest table, answer the following questions
E6.4 (LO 3, 4) (Computation of Future Values and Present Values) Using the appropriate interest table, answer the following questions. (Each case is independent of the others.)a. What is the future value of 20 periodic payments of $ 4,000 each made at the beginning of each period and compounded at 8%?b. What is the present value of $ 2,500 to be received at the beginning of each of 30 periods, discounted at 5 % compound interest?c. What is the future...
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-year, 12% bonds with interest...
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-year, 12% bonds with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibit 8 and Exhibit 10. Note: Round to the nearest dollar. $
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-year, 12% bonds with interest...
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-year, 12% bonds with interest payable semiannually, at a market (effective) interest rate of 9% Determine the present value of the bonds payable, using the present value tables in Exhibit 8 and Exhibit 10 Note: Round to the nearest dollar. Previous Next
Present Value of Bonds Payable; Premium Moss Co. issued $560,000 of five-year, 12% bonds, with interest payable semiannu...
Present Value of Bonds Payable; Premium Moss Co. issued $560,000 of five-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.
Multiple Choice Question 62 On January 1, 2017, Sheffield Corp. issued eight-year bonds with a face value of $6140000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: 0.467 Present value of 1 for 8 periods at 10% Present value of 1 for 8 periods at 12% Present value of 1 for 16 periods at 5% Present value of 1 for 16 periods at...
Present Value of Bonds Payable; Premium
Moss Co. issued $105,000 of four-year, 12% bonds, with interest
payable semiannually, at a market (effective) interest rate of
11%.
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of four-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7 Note: Round final answer to the nearest dollar
Multiple Choice Question 131 The interest on a $10300, 9%, 1-year note receivable is $10393. $11227. $10300. $927. Click if you would like to Show Work for this question n 02
Multiple Choice Question 221 On January 1, Riverbed Corp issues $3360000, 5-year, 12% bonds at 97 with interest payable on January 1. The entry on December 31 to record accrued bond interest and the amortization of bond discount using the straight-line method will include a debit to Interest Expense, 201600. , debit to Interest Expense, 403200. O credit to Discount on Bonds payable, 20160. O credit to Discount on Bonds Payable, $10080. Question Attempts: 0 of 1 used SAVE FOR...
Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 1. Compound 2. Effective rate (APY B. Stated rate 3. Nominal rate C. D. E. F. Four times per year Amount calculated on adjusted principal 12 times per year Years times number of times compounded in one year True rate of interest Know future amount looking for present Rate divided by number of times compounded per year Periodically interest is calculated and added to...
Testbank Multiple Choice Question 63 Marigold Corp. issues $4920000, 4%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 3%. What are the proceeds from the bond issue? Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods...
Present Value of Bonds Payable; Premium Moss Co. issued $105,000 of five-year, 12% bonds with interest payable semiannually, at a market (effective) interest rate of 9% Determine the present value of the bonds payable, using the present value tables in Exhibit 8 and Exhibit 10 Note: Round to the nearest dollar. Previous Next
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