Otto co borrows money on April 30 2019
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Otto Co. borrows money on April 30, 2019, by promising to make four payments of $18,000...
Otto Co. borrows money on April 30, 2019, by promising to make four payments of $18,000 each on November 1, 2019; May 1, 2020; November 1, 2020; and May 1, 2021. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 2%, compounded semiannually? 2. How much money is...
TVM Assignment 0 • Otto Co, borrows money on April 30, 2019, by promising to make...
TVM Assignment 0 • Otto Co, borrows money on April 30, 2019, by promising to make four payments of $19,000 each on November 1, 2019, May 1, 2020, November 1, 2020; and May 1, 2021 PV of S1, FV S1, PVA of S1, and FVA of 50 (Use appropriate factor(s) from the tables provided Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually! 2. How...
Otto Co. borrows money on April 30, 2016, by promising to make four payments of $19,000...
Otto Co. borrows money on April 30, 2016, by promising to make four payments of $19,000 each on November 1, 2016; May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? 2. How much money is...
Otto Co. borrows money on April 30, 2016, by promising to make four payments of $18,000 each on N...
Otto Co. borrows money on April 30, 2016, by promising to make four payments of $18,000 each on November 1, 2016; May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually? Periodic Cash Flow Table Factor...
Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April...
Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April 30, 2016, by promising to make four payments of $26,000 each on November 1, 2016, May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest...
Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April...
Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April 30, 2016, by promising to make four payments of $26,000 each on November 1, 2016, May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest...
Jessie Co. issued an $8 million face amount of 9%, 30-year bonds on April 1, 2019....
Jessie Co. issued an $8 million face amount of 9%, 30-year bonds on April 1, 2019. The bonds pay interest on an annual basis on March 31 each year. Calculate the interest expense that Jessie Co. will show with respect to these bonds in its income statement for the fiscal year ended September 30, 2019, assuming that the premium of $68,000 is amortized on a straight-line basis. What is the Accrued interest payable? Premium amortization? Interest expense for 6 months?...
The capital structure of the Valley Products Company is as shown below, on April 30, 2019....
The capital structure of the Valley Products Company is as
shown below, on April 30, 2019.
PROBLEM 4 The capital structure of the Valley Products Company is as shown below, on April 30, 2019. Long term Debt (8%) $ 128,000,000 Common Stockholders equity (8 million shares) 192,000,000 $ 320,000,000 The company believes this capital structure to be optimal and therefore desires to maintain it. That is, DO NOT CHANGE IT. The company estimates next years net income, NII, will be...
The cash account for American Medical Co. at April 30 indicated a balance of $97,456. The...
The cash account for American Medical Co. at April 30 indicated a balance of $97,456. The bank statement indicated a balance of $127,960 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $30,050. B. A deposit of $19,720, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $22,149 on a $20,700 note,...
The cash account for American Medical Co. at April 30 indicated a balance of $84,457. The...
The cash account for American Medical Co. at April 30 indicated a balance of $84,457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $33,310. B. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $28,248 on a $26,400 note,...
Otto Co. borrows money on April 30, 2019, by promising to make four payments of $18,000 each on November 1, 2019; May 1, 2020; November 1, 2020; and May 1, 2021. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 2%, compounded semiannually? 2. How much money is...
TVM Assignment 0 • Otto Co, borrows money on April 30, 2019, by promising to make four payments of $19,000 each on November 1, 2019, May 1, 2020, November 1, 2020; and May 1, 2021 PV of S1, FV S1, PVA of S1, and FVA of 50 (Use appropriate factor(s) from the tables provided Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually! 2. How...
Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April 30, 2016, by promising to make four payments of $26,000 each on November 1, 2016, May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest...
Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April 30, 2016, by promising to make four payments of $26,000 each on November 1, 2016, May 1, 2017; November 1, 2017; and May 1, 2018. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest...
The capital structure of the Valley Products Company is as
shown below, on April 30, 2019.
PROBLEM 4 The capital structure of the Valley Products Company is as shown below, on April 30, 2019. Long term Debt (8%) $ 128,000,000 Common Stockholders equity (8 million shares) 192,000,000 $ 320,000,000 The company believes this capital structure to be optimal and therefore desires to maintain it. That is, DO NOT CHANGE IT. The company estimates next years net income, NII, will be...
The cash account for American Medical Co. at April 30 indicated a balance of $84,457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $33,310. B. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $28,248 on a $26,400 note,...
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