Homework Answers
| Interest rate is 12% | ||||
| Part A | Amount | Pv @12% | Present value | |
| Present value of maturity payment | 1450000 | 0.56743 | 822774 | |
| Present value of interest payment @5% | 145000 | 3.60478 | 522693 | |
| Issue price of the bond | 1345467 | |||
| Part B | Interest @10% | Effective @12% | ||
| Date | Cash | Expense | Amortization | Carrying amount |
| 01-01-2017 | 1345467 | |||
| 01-01-2018 | 145000 | 161456 | 16456 | 1361923 |
| 01-01-2019 | 145000 | 163431 | 18431 | 1380353 |
| 01-01-2020 | 145000 | 165642 | 20642 | 1400996 |
| 01-01-2021 | 145000 | 168119 | 23119 | 1424115 |
| 01-01-2022 | 145000 | 170885 | 25885 | 1450000 |
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mature January 1, 2022. Interest is payable annually on January
1.
Assianment Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK ASSIGNMENT RESOURCES Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) The effective-interest rate 14-1 LINK TO TEXT Review Score Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate...
Please explain detail Ayayai Company sells 9% bonds having a maturity value of $1,750,000 for $1,560,756....
Please explain detail
Ayayai Company sells 9% bonds having a maturity value of $1,750,000 for $1,560,756. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Determ ine the effective-interest rate. (Round answer to 0 decimal places, eg. i896.) The effective-interest rate LINK TO TEXT Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 6 decimal places, e.g.1.251247 and final answer to...
Riverbed Company sells 10% bonds having a maturity value of $2,550,000 for $2,366,166. The bonds are...
Riverbed Company sells 10% bonds having a maturity value of
$2,550,000 for $2,366,166. The bonds are dated January 1, 2017, and
mature January 1, 2022. Interest is payable annually on January
1.
Set up a schedule of interest expense and discount amortization
under the straight-line method. (Round answers to 0
decimal places, e.g. 38,548.)
Schedule of Discount Amortization
Straight-Line Method
Year
Cash
Paid
Interest
Expense
Discount
Amortized
Carrying
Amount of Bonds
Jan. 1, 2017
$
$
$
$
Jan. 1,...
Exercise 14-6Indigo Company sells 10% bonds having a maturity value of$2,250,000 for $2,087,794. The...
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Your answer is partially correct. Try again Pharoah Company sells 9% bonds having a maturity value...
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Splish Company sells 8% bonds having a maturity value of
$2,400,000 for $2,218,040. The bonds are dated January 1, 2020, and
mature January 1, 2025. Interest is payable annually on January
1.
Determine the effective-interest rate. (Round
answer to 0 decimal places, e.g. 18%.)
The effective-interest rate
%
Set up a schedule of interest expense and discount amortization
under the effective-interest method. (Round
intermediate calculations to 5 decimal places, e.g. 1.25124 and
final answer to 0 decimal places, e.g. 38,548.)...
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$2,200,000 for $2,118,688. The bonds are dated January 1, 2017, and
mature January 1, 2022. Interest is payable annually on January
1.
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Please explain detail
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Riverbed Company sells 10% bonds having a maturity value of
$2,550,000 for $2,366,166. The bonds are dated January 1, 2017, and
mature January 1, 2022. Interest is payable annually on January
1.
Set up a schedule of interest expense and discount amortization
under the straight-line method. (Round answers to 0
decimal places, e.g. 38,548.)
Schedule of Discount Amortization
Straight-Line Method
Year
Cash
Paid
Interest
Expense
Discount
Amortized
Carrying
Amount of Bonds
Jan. 1, 2017
$
$
$
$
Jan. 1,...
Marin Company sells 8% bonds having a maturity value of $1,430,000 for $1,321,582. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Determine the effective-interest rate. (Round answer to 0 decimal places, e.g. 18%.) The effective-interest rate 10 % Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g....
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Splish Company sells 8% bonds having a maturity value of
$2,400,000 for $2,218,040. The bonds are dated January 1, 2020, and
mature January 1, 2025. Interest is payable annually on January
1.
Determine the effective-interest rate. (Round
answer to 0 decimal places, e.g. 18%.)
The effective-interest rate
%
Set up a schedule of interest expense and discount amortization
under the effective-interest method. (Round
intermediate calculations to 5 decimal places, e.g. 1.25124 and
final answer to 0 decimal places, e.g. 38,548.)...
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