Homework Answers
| Correct Option C i.e. 7% | |
| Annual Stated interest = Annual cash interest / Face vale of bonds*100 | |
| =(7000+7000) / 200000*100 | |
| 7% | |
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Question 30 (1 point) Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's...
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the...
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash interest Effective interest Decrease in balance $789 00 837 Date 1/1/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024 $7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 $6,211 6,187 6,163 6,137 6,112 6,085 6,057 6,029 Outstanding balance $207,020 206,230 205,417 204,580 203,717 202,829 201, 913 200,971 200,000 863 888 915 943 971 What is the annual...
23. On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable...
23. On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds were sold for S 177,000, priced to yield 12% Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of: A) $10,000. B) $10,620. C) $12,000. D) $8,850. Problems 24-26 are a part of a multi-step problem using the following...
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the...
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Interest Increase in Carrying Carrying Cash Paid Expense Value Value $194,758 $7,000 $7,790 $790 195,548 7,000 7,822 822 196, 370 7,000 855 197,225 7,000 7,889 198, 114 7,000 7,925 199,039 7,000 7,961 200,000 7,855 THA issued the bonds for Multiple Choice $200,000 ОО $194,758 a $242.000
35) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the fo...
35) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Carrying Value Interest Date Cash Paid Value Expense 01/01/2021 S 194,7518 195,548 06/30/2021S 7,000 S 7,790 7,822 7,855 7,889 7,925 7,961 S 790 822 855 889 12/31/2021 7,000 7,000 7,000 7,000 7,000 196,370 197,225 198,114 06/30/2022 12/31/2022 925 06/30/2023 199,039 200,000 12/31/2023 961 THA issued the bonds for: A) S194,758 B) $242,000 C)...
Lopez plastics co. (LPC) issued callable bonds on January 1, 2018. LPC’s accountant has projected the...
Lopez plastics co. (LPC) issued callable bonds on January 1,
2018. LPC’s accountant has projected the following amortization
schedule from issuance until maturity:
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000, the market yield for bonds of s...
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 10%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (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.) 3.33 points eBook Required: 1. Determine the price...
When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $780,000,...
When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $780,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 5.88 Dots Required: 1. Determine the price of...
apters 7-9 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has...
apters 7-9 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Interest Expense Increase in Carrying Value $ Date Cash Paid 01/01/2021 86/30/2021 $7,698 12/31/2021 7,899 06/30/2022 7,898 12/31/20227,000 06/30/2023 7,000 12/31/28237 ,808 7,790 7,822 7,855 7.889 7,925 7,961 $790 822 855 889 925 961 Carrying Value $ 194,758 195.548 196,370 197,225 198,114 199,039 200,000 THA issued the bonds for: Multiple Choice $200.000 loooo $194758 $242.000...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $560,000,...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $560,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (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: 1. Determine the price of the bonds...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000,...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of S1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds...
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash interest Effective interest Decrease in balance $789 00 837 Date 1/1/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024 $7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 $6,211 6,187 6,163 6,137 6,112 6,085 6,057 6,029 Outstanding balance $207,020 206,230 205,417 204,580 203,717 202,829 201, 913 200,971 200,000 863 888 915 943 971 What is the annual...
23. On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds were sold for S 177,000, priced to yield 12% Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of: A) $10,000. B) $10,620. C) $12,000. D) $8,850. Problems 24-26 are a part of a multi-step problem using the following...
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Interest Increase in Carrying Carrying Cash Paid Expense Value Value $194,758 $7,000 $7,790 $790 195,548 7,000 7,822 822 196, 370 7,000 855 197,225 7,000 7,889 198, 114 7,000 7,925 199,039 7,000 7,961 200,000 7,855 THA issued the bonds for Multiple Choice $200,000 ОО $194,758 a $242.000
35) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Carrying Value Interest Date Cash Paid Value Expense 01/01/2021 S 194,7518 195,548 06/30/2021S 7,000 S 7,790 7,822 7,855 7,889 7,925 7,961 S 790 822 855 889 12/31/2021 7,000 7,000 7,000 7,000 7,000 196,370 197,225 198,114 06/30/2022 12/31/2022 925 06/30/2023 199,039 200,000 12/31/2023 961 THA issued the bonds for: A) S194,758 B) $242,000 C)...
Lopez plastics co. (LPC) issued callable bonds on January 1,
2018. LPC’s accountant has projected the following amortization
schedule from issuance until maturity:
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 10%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (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.) 3.33 points eBook Required: 1. Determine the price...
When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $780,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 5.88 Dots Required: 1. Determine the price of...
apters 7-9 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Interest Expense Increase in Carrying Value $ Date Cash Paid 01/01/2021 86/30/2021 $7,698 12/31/2021 7,899 06/30/2022 7,898 12/31/20227,000 06/30/2023 7,000 12/31/28237 ,808 7,790 7,822 7,855 7.889 7,925 7,961 $790 822 855 889 925 961 Carrying Value $ 194,758 195.548 196,370 197,225 198,114 199,039 200,000 THA issued the bonds for: Multiple Choice $200.000 loooo $194758 $242.000...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $560,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (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: 1. Determine the price of the bonds...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of S1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds...
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