Homework Answers
Answer
present value of Bond Payable
Interest Payable = $710,000 * 6% * Present value of Annuity @5 1/2 % for 8 periods
= $42,600 * 6.33457
= $269,853
Principal Payable = $710,000 * Present value of 5 1/2% for 8 period
= $710,000 * 0.65160
= $462,636
Total Payable = $732,489
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bonds, with interest payable semiannually, at a market (effective)
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payable, using the present value tables in Exhibit 5 and Exhibit 7.
Round to the nearest dollar.
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payable semiannually, at a market (effective) interest rate of
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#7
Present Value of Bonds Payable; Premium Moss Co. issued $280,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest 10% 0.90909 Periods 1 2 3 4 5 6 7 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069...
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Compute Bond Proceeds, Amortizing Premium by Interest Method,
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On the first day of its fiscal year, Ware Co. issued $50,000,000 of
four-year, 12% bonds at a market (effective) interest rate of 10%,
with interest payable semiannually. Compute the following:
a. The amount of cash proceeds from the sale of the bonds. Use
the tables of present values in Exhibit 8 and Exhibit 10. Round to
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