Homework Answers
Effective annual rate = Interest expense/Selling price of bonds
= 345639/8640967
Effective Semiannual rate = 4%
Annual rate = 4*2 = 8%
So answer is b) 8%
Add Answer to:
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term...
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term...
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Decrease in Interest Balance Cash 300,000 300,000 300,000 300,000 Outstanding Balance 8,640, 967 8,686,606 8,734,070 8,783,433 345,639 347,464 349, 363 45,639 47,464 49,363 What is the book value of the bonds as of December 31, 2022? Multiple Choice 0 $8,783,433. 0 $8,686,606. 0 $8,834,770. 0 $8,734,070.
What is the stated annual rate of interest on the bonds? What is the interest expense...
What is the stated annual rate of interest on
the bonds?
What is the interest expense on the bonds for
the year ended December 31, 2022?
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Interest Decrease in Balance Cash HM 300,000 300,000 300,000 300,000 345,639 347,464 349,363 45,639 47,464 49,363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783,433
11) Discount-Mart issues $10 million in bonds on January 1, 2018. The bonds have a ten-year...
11) Discount-Mart issues $10 million in bonds on January 1, 2018. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Increase in Carrying Value Cash Paid Date Interest Expense Carrying Value $8,640,967 8,686,606 8,734,070 8,783,433 8,834,770 1/1/2018 6/30/2018 12/31/2018 6/30/2019 12/31/2019 $300,000$345,639 300,000 300,000 300,000 $45,639 47,464 49,363 51,337 347,464 349,363 351,337 What is the interest expense on the bonds in...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year, Below is a partial bond amortization schedule for the bonds Interest Increase in Carrying Value $8,640,967 8,686,606 8,734,070 Cash Paid Expense Carrying Value Date 01/01/2021 06/30/2021 $30ee, eea $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 12/31/2021 308,000 06/38/2822 . 300,e00 300,e00 8,783,433 8,834,770 12/31/2022 What is the...
1 question 2 parts Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds...
1 question 2 parts
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Decrease in Balance Payment Cash 1 2 300,000 300,000 300,000 300,000 345,639 347, 464 349, 363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783, 433 45,639 47, 464 49, 363 What is the book value of the bonds as of December 31, 2022? $8,783,433 O $8,686,606....
Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year...
Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Interest Balance Payment Cash Outstanding Balance 11,487,747 11,432,379 11,375,350 11,316,611 400,000 400,000 400,000 400,000 344,632 342,971 341,261 55,368 57,029 58,739 What is the stated annual rate of interest on the bonds? Multiple Choice o o
Prescott Corporation issued ten thousand $1,000 bonds on January 1 2018. The bonds have a 10...
Prescott Corporation issued ten thousand $1,000 bonds on January 1 2018. The bonds have a 10 year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds Effective Interest Decrease in Balance Payment Cash 400,000 400,000 400,000 400.000 344.632 342,971 341,261 55, 368 57,029 58,739 Outstanding Balance 11,487,747 11. 432.379 11,375, 350 11, 316, 611 What is the interest expense on the bonds in 2019 Multiple Choice $342.90 Oo oo $680759 $800.000
35)_ 35) Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2018. The bonds have...
35)_ 35) Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Payment Cash Decrease in Balance 400,000 400,000 400,000 400,000 344,632 342,971 341,261 55,368 57,029 58,739 Outstanding Balance 11,487,747 11,432,379 11,375,350 11,316,611 What would be the total interest expense recognized for the bond issue over its full term? A) $9,487,747. B) $8,000,000. C) $11,487,747. D) $6,512,253.
Discount-Mart isues $18 million in bonds on January 1, 2021. The bonds have a ten-year term...
Discount-Mart isues $18 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Increase in Carrying Value Date e1/01/2021 Cash Paid Expense Carrying Value $15,935,414 15,991,539 16,051,031 16,114,093 16,180,939 06/30/2021 $900,000 900,000 gee, e00 $956,125 959,492 963,062 966, 846 $56,125 59,492 63,062 66,846 12/31/2021 06/30/2022 12/31/2022 900, 0০০ Whet is the stated annual rate...
Discount-Mart issues $11 million in bonds on January 1, 2021. The bonds have a seven-year term...
Discount-Mart issues $11 million in bonds on January 1, 2021. The bonds have a seven-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 $ 9,911,149 06/30/2021 $ 440,000 $ 495,557 $ 55,557 9,966,706 12/31/2021 440,000 498,335 58,335 10,025,041 06/30/2022 440,000 501,252 61,252 10,086,293 12/31/2022 440,000 504,315 64,315 10,150,608 What is the stated annual...
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Decrease in Interest Balance Cash 300,000 300,000 300,000 300,000 Outstanding Balance 8,640, 967 8,686,606 8,734,070 8,783,433 345,639 347,464 349, 363 45,639 47,464 49,363 What is the book value of the bonds as of December 31, 2022? Multiple Choice 0 $8,783,433. 0 $8,686,606. 0 $8,834,770. 0 $8,734,070.
What is the stated annual rate of interest on
the bonds?
What is the interest expense on the bonds for
the year ended December 31, 2022?
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Interest Decrease in Balance Cash HM 300,000 300,000 300,000 300,000 345,639 347,464 349,363 45,639 47,464 49,363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783,433
11) Discount-Mart issues $10 million in bonds on January 1, 2018. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Increase in Carrying Value Cash Paid Date Interest Expense Carrying Value $8,640,967 8,686,606 8,734,070 8,783,433 8,834,770 1/1/2018 6/30/2018 12/31/2018 6/30/2019 12/31/2019 $300,000$345,639 300,000 300,000 300,000 $45,639 47,464 49,363 51,337 347,464 349,363 351,337 What is the interest expense on the bonds in...
Help Save & Exit Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year, Below is a partial bond amortization schedule for the bonds Interest Increase in Carrying Value $8,640,967 8,686,606 8,734,070 Cash Paid Expense Carrying Value Date 01/01/2021 06/30/2021 $30ee, eea $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 12/31/2021 308,000 06/38/2822 . 300,e00 300,e00 8,783,433 8,834,770 12/31/2022 What is the...
1 question 2 parts
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Decrease in Balance Payment Cash 1 2 300,000 300,000 300,000 300,000 345,639 347, 464 349, 363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783, 433 45,639 47, 464 49, 363 What is the book value of the bonds as of December 31, 2022? $8,783,433 O $8,686,606....
Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Interest Balance Payment Cash Outstanding Balance 11,487,747 11,432,379 11,375,350 11,316,611 400,000 400,000 400,000 400,000 344,632 342,971 341,261 55,368 57,029 58,739 What is the stated annual rate of interest on the bonds? Multiple Choice o o
Prescott Corporation issued ten thousand $1,000 bonds on January 1 2018. The bonds have a 10 year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds Effective Interest Decrease in Balance Payment Cash 400,000 400,000 400,000 400.000 344.632 342,971 341,261 55, 368 57,029 58,739 Outstanding Balance 11,487,747 11. 432.379 11,375, 350 11, 316, 611 What is the interest expense on the bonds in 2019 Multiple Choice $342.90 Oo oo $680759 $800.000
35)_ 35) Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Payment Cash Decrease in Balance 400,000 400,000 400,000 400,000 344,632 342,971 341,261 55,368 57,029 58,739 Outstanding Balance 11,487,747 11,432,379 11,375,350 11,316,611 What would be the total interest expense recognized for the bond issue over its full term? A) $9,487,747. B) $8,000,000. C) $11,487,747. D) $6,512,253.
Discount-Mart isues $18 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Increase in Carrying Value Date e1/01/2021 Cash Paid Expense Carrying Value $15,935,414 15,991,539 16,051,031 16,114,093 16,180,939 06/30/2021 $900,000 900,000 gee, e00 $956,125 959,492 963,062 966, 846 $56,125 59,492 63,062 66,846 12/31/2021 06/30/2022 12/31/2022 900, 0০০ Whet is the stated annual rate...
Most questions answered within 3 hours.
-
3) What are the typical social structures in a global city?
asked 1 hour ago -
Luther Corporation
Consolidated Balance Sheet
December 31, 2019 and 2018 (in $ millions)
Assets
2019
2018...
asked 1 hour ago -
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 4 hours ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 5 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 5 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 6 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 7 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 7 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 8 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 8 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 8 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 9 hours ago