1. Charger Company's most recent balance sheet reports total assets of $28,652,000, total liabilities of $16,302,000 and total equity of $12,350,000. The debt to equity ratio for the period is (rounded to two decimals):
Multiple Choice
0.43
1.32
1.76
0.57
0.7
2. On July 1, Shady Creek Resort borrowed $370,000 cash by signing a 10-year, 9.5% installment note requiring equal payments each June 30 of $58,928. What amount of interest expense will be included in the first annual payment?
Multiple Choice
$346,222
$23,778
$37,000
$58,928
$35,150
3. On January 1 of Year 1, Congo Express Airways issued $4,400,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,994,000 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized using the straight-line method at a rate of $14,500 every 6 months. The life of these bonds is:
Multiple Choice
28 years.
9 years.
30 years.
27 years
14 years.
As per HomeworkLib policy, only one question can be answer at a time. So i am giving the answer of first question. Please ask other question separately. Thanks.
1. Debt to equity ratio = Debt / equity
= 16302000 / 12350000
= 1.32
1. Charger Company's most recent balance sheet reports total assets of $28,652,000, total liabilities of $16,302,000...
Charger Company's most recent balance sheet reports total assets of $31,850,000, total liabilities of $18,850,000 and total equity $13,000,000. The debt to equity ratio for the period is (rounded to two decimals): Multiple Choice O 0.59 о 169 0.41 o 0.66 O 145
Charger Company's most recent balance sheet reports total assets of $30,107,000, total liabilities of $17,457,000 and total equity of $12,650,000. The debt to equity ratio for the period is (rounded to two decimals):
Charger Company's most recent balance sheet reports total assets of $27.000.000. total liabilities of $15,000,000 and total equity of $12,000,000. The debt to equity ratio for the period is (rounded to two decimals): O 0.56 1.80 00.44 0 0.80 1.25
Charger companies most recent balance sheet reports total assets of $29,375,000 total liabilities of 16,875000 And total equity of $12,500,000 in debt to equity ratio for the period is
On January 1 of Year 1, Congo Express Airways issued $3,550,000 of 7% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,300,389 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized at a rate of $10,097 every six months. After accruing interest at year end, the company's December 31, Year 1 balance sheet should reflect total liabilities associated with the bond issue (including...
On January 1 of Year 1, Congo Express Airways issued $2,250,000 of 5% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $2,030,000 and the market rate of interest for similar bonds is 6%. The bond premium or discount is being amortized at a rate of $7,333 every six months. The amount of interest expense recognized by Congo Express Airways on the bond issue in Year 1 would be: Multiple Choice Ο $112,500....
On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized using the straight-line method at a rate of $10,087 every six months. The life of these bonds is: Multiple Choice O 15 years. 30 years. 26 5 years 32 years ОО...
On January 1 of Year 1, Congo Express Airways issued $4,000,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,550,000 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized using the straight-line method at a rate of $12,500 every 6 months. The life of these bonds is: Multiple Choice 36 years. 12 years. 32 years. 28 years 18 years.
On January 1 of Year 1, Congo Express Airways issued $5,200,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $4,836,000 and the market rate of interest for similar bonds is 9%. The bond premium or discount is being amortized using the straight-line method at a rate of $13,000 every 6 months. The life of these bonds is: Multiple Choice ο ο 14 years ο 11 years ο 37 years ο...
A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following transactions: (A) paid a note payable using $11,500 cash (no interest was paid); (B) collected a $10,500 accounts receivable; (C) paid a $5,300 accounts payable; and (D) purchased a truck for $5,300 cash and by signing a $21,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the...