A company issued $50,000 of 8%, 10-year bonds on January 1. The bonds pay semi annual interest. The present value factor of a single amount of 20 periods at 8% is 0.2145.The present value of 10 periods at 4% is 0.6756. The present value of 20 periods at 4% is 0.4564. Determine the present value of the par value of the bonds. Multiple choice question. $22,820 $10,725 $50,000 $33,780 g

Answers

Answer 1

Answer:

$22,820

Explanation:

Calculation to determine Determine the present value of the par value of the bonds.

Discount rate =8%/2

Discount rate= 4%

Present value factor of 20 periods at 4%= ( 1 / 1.04^20 )

Present value factor of 20 periods at 4%=0.4564

Using this formula

Present value of the par value of the bond = Future value of the bond x Present value factor =

Let plug in the formula

Present value of the par value of the bond=$50,000 x 0.4564

Present value of the par value of the bond = $22,820

Therefore the present value of the par value of the bonds is $22,820


Related Questions

The following information is available for Ethtridge Manufacturing Company for the month ending July 31:

Cost of direct materials used in production $147,700
Direct labor 177,200
Work in process inventory, July 1 66,500
Work in process inventory, July 31 90,100
Total factory overhead 81,200

Required:
Determine Ethtridge's cost of goods manufactured for the month ended July 31.

Answers

Answer:

the cost of goods manufactured is $382,500

Explanation:

The computation of the cost of goods manufactured is shown below:

Cost of direct materials used in production $147,700

Direct labor 177,200

Work in process inventory, July 1 66,500

Total factory overhead 81,200

Less:

Work in process inventory, July 31 90,100

Cost of goods manufactured $382,500

Hence, the cost of goods manufactured is $382,500

Ames Trading Co. has the following products in its ending inventory.Product Quantity Cost per Unit Market per UnitMountain bikes 11 $600 $550Skateboards 13 $350 $425Gliders 26 $800 $700Compute lower of cost or market for inventory applied separately to each product.

Answers

Answer:

Mountain Bikes

Market value is $550 and cost is $600.

Lower is market.

Inventory value is therefore:

= Quantity * Market

= 11 * 550

= $6,050

Skateboards

Market value is $425 and cost is $350.

Cost is lower.

Inventory value is:

= 13 * 350 cost

= $4,550

Gliders

Market value is $700 and cost is $800.

Inventory value is:

= 26 * 700 market value

= $18,200

XYZ Co. uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. It based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $440,000, variable manufacturing overhead of $2.20 per machine-hour, and 50,000 machine-hours. The estimated total manufacturing overhead is closest to:

Answers

Answer:

the estimated total manufacturing overhead is $550,000

Explanation:

The computation of the estimated total manufacturing overhead is given below:

= Fixed manufacturing overhead + variable manufacturing overhead

= $440,000 + $2.20 × 50,000 machine hours

= $440,000 + $110,000

= $550,000

hence, the estimated total manufacturing overhead is $550,000

Explain why, for income tax purposes, management of Dorsey Co. would want as little of the purchase price as possible allocated to land. (Select all that apply.)

Answers

Answer:

In simple words, any company operating a business do not want to allocate much price to the land as it is non current asset and also it does not depreciate in value over time.

The depreciation amount reduces the taxable income of the year which further results in less taxable amount. Thus, resulting in higher profits for the company.

The current account balance equals​ _______. A. net exports plus net foreign investment in the United States B. exports minus imports plus net interest and net transfers C. the capital and financial account balance minus the official settlements account balance D. net exports plus the official settlements balance

Answers

Answer:

a

Explanation:

the current account of a country measures the value of the trade balance, transfers and the net income

the component of the current account includes

trade balance - it measures the value of the  import and export of goods and services of a country.

net income - measures the value of the income received by a country's residents less the income paid to foreigners

transfers - it includes income sent home by a country's citizens working outside the country

Current account = net export + net income + net transfers

MC Qu. 111 Brush Industries reports the following... Brush Industries reports the following information for May: Sales$955,000 Fixed cost of goods sold 111,000 Variable cost of goods sold 261,000 Fixed selling and administrative costs 111,000 Variable selling and administrative costs 136,000 Calculate the operating income for May under absorption costing.

Answers

Answer:

Particulars                                          Amount

Sales                                                  $955,000

Less: Fixed cost of goods sold        $111,000

Less: Variable cost of goods sold   $261,000

Gross Profit                                       $583,000

Less: Fixed selling & admin. costs  $111,000

Less: Var. selling & admin. costs     $136,000

Operating Income                            $336,000

Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost $360. In each town, some people enjoy fireworks more than others. In the town of Bayport, each of the residents values the public good as follows:

Resident Value (Dollars)
Musashi 50
Rina 100
Sean 300

he total benefit of the fireworks display to the town of Bayport is $: ___________

Answers

Answer:

$450

Explanation:

The benefit an individual derives from an activity can be described as the total satisfaction or utility that individual derives from carrying out a particular activity. It is the value an individual derives from a particular activity

Benefit can be measured in dollars or in utils

the higher the value of the dollar or util, the higher the benefit the consumer derives from an activity

A rational person would weigh the cost of an activity to the benefit that would be derived from the activity. The individual would carry out the activity only if benefit outweigh the cost.

For example, in this question, the total benefit of fireworks display is 450. this is greater than the cost. So, the town would carry out the firework display

Total benefit is the sum of individual value individuals would derive from an activity.

total benefit = $50 + $100 + $300 = $450

Peabody Company owns 90% of the outstanding capital stock of Sloane Company. During 2014 and 2015 Sloane Company sold merchandise to Peabody Company at a markup of 25% of selling price. The selling price of the merchandise sold during the two years was $42,400 and $24,000, respectively. At the end of each year, Peabody Company had in its inventory one-fourth of the goods purchased that year from Sloane Company. Sloane Company reported net income of $29,300 in 2014 and $35,300 in 2015. Required:Determine the amount of the noncontrolling interest in consolidated income to be reported for 2014 and 2015.

Answers

Answer:

Amount of noncontrolling interest in consolidated income to be reported in 2014 = $2,718

Amount of noncontrolling interest in consolidated income to be reported in 2015 = $3,410

Explanation:

Percentage of the unsold inventory = One-fourth = 1 / 4 = 0.25, or 25%

Percentage of noncontrolling interest = 100% - 90% = 10%

Unrealized profit on inventory = Selling price of the merchandise * Percentage of the unsold inventory * (Markup / (100% + Markup)) ……………. (1)

Amount of noncontrolling interest in consolidated income to be reported = (Reported net income by Sloane - Unrealized profit on inventory) * Percentage of noncontrolling interest ……………. (2)

Using equation (1), we have:

Unrealized profit on inventory in 2014 = $42,400 * 25% * (25% / (100% + 25%)) = $2,120

Unrealized profit on inventory in 2015 = $24,000 * 25% * (25% / (100% + 25%)) = $1,200

Using equation (2), we have:

Amount of noncontrolling interest in consolidated income to be reported in 2014 = ($29,300 - $2,120) * 10% = $2,718

Amount of noncontrolling interest in consolidated income to be reported in 2015 = ($35,300 - $1,200) * 10% = $3,410

In the world oil market, oil is supplied up to the point where: Select one: A. the marginal cost of the last barrel is at a maximum B. the marginal cost of the last barrel is the greatest distance from the price buyers are willing to pay for that last barrel C. the marginal cost of the last barrel is zero D. the marginal cost of the last barrel is just equal to the price buyers are willing to pay for that last barrel.

Answers

Answer:

D. the marginal cost of the last barrel is just equal to the price buyers are willing to pay for that last barrel.

Explanation:

In the case of the oil market that oil is to be supplied to the point where the marginal cost of the previous barrel should be equivalent to the price where the pruchaser want to pay for that previous barrel

So as per the given situation, the option d is correct

ANd, the rest of the options seems incorrect

The ABC Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following sale 5% in second month following sale The following sales have been budgeted: Sales April $ 160,000 May $ 180,000 June $ 170,000 Budgeted cash collections in June would be:

Answers

Answer: $170500

Explanation:

Based on the information given in the question, the budgeted cash collections in June would be calculated thus:

= (45% × $160000) + (50% × $180000) + (5% × $170000)

= $72000 + $90000 + $8500

= $170500

Therefore, the budgeted cash collections in June would be $170500

These are selected account balances on December 31, 2020. Land (location of the office building) $97000 Land (held for future use) 152000 Corporate Office Building 675000 Inventory 182000 Equipment 457000 Office Furniture 135000 Accumulated Depreciation 427000 What is the total net amount of property, plant, and equipment that will appear on the balance sheet

Answers

Answer:

$937,000

Explanation:

Calculation to determine the total net amount of property, plant, and equipment that will appear on the balance sheet

Land (location of the office building) $97000

Add Office Building 675000

Add Equipment 457000

Add Office Furniture 135000

Less Accumulated Depreciation (427000 )

Total Net Amount $937,000

Therefore the total net amount of property, plant, and equipment that will appear on the balance sheet is $937,000

Frank decides that a social media campaign is the best way for him to attract new business to Slice of Life Pizza. After Frank identifies his strategies and goals, the next step in the campaign is

Answers

Answer: identify your target audience

Explanation:

Since Frank has identified his strategies and goals, then the next step in the campaign will be to identify the target audience.

The target audience refers to the consumers that are likely to attract new business to Slice of Life Pizza. This is vital for Frank to be able to reach out to more customers and make profit.

Gerardo wants to develop an Internet-based auction business and is working through the STP process. After establishing his objectives, describing potential market segments, and evaluating the attractiveness of each segment, Gerardo now has to

Answers

Answer:

select a target market.

Explanation:

As we know that STP means segmenting, targeting and positioning.

Since the marget segmentation is conducted via allocating the market into different kind of segments that depend upon the same kind of needs so here the next step to choose the target market in which the suitable market segment should be selected that depend upon the evaluation process

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the month of April, the work in process accounts show the following debits. Cooking Canning Beginning work in process $0 $4,640 Materials 22,900 10,400 Labor 8,750 7,240 Overhead 32,000 27,300 Costs transferred in 55,000Journalize the April transactions.

Answers

Answer:

4/30

Dr Work in Process—Cooking $22,900

Dr Work in Process—Canning $10,400

Cr Raw Materials Inventory $33,300

4/30

Dr Work in Process—Cooking $8,750

Dr Work in Process—Canning $7,240

Factory Labor $15,990

4/30

Dr Work in Process—Cooking $32,000

Dr Work in Process—Canning $27,300

Cr Manufacturing Overhead $59,300

4/30

Dr Work in Process—Canning $55,000

Work in Process—Cooking $55,000

Explanation:

Preparation of the journal entries

4/30

Dr Work in Process—Cooking $22,900

Dr Work in Process—Canning $10,400

Cr Raw Materials Inventory $33,300

($22,900+$10,400)

4/30

Dr Work in Process—Cooking $8,750

Dr Work in Process—Canning $7,240

Factory Labor $15,990

($8750+$7,240)

4/30

Dr Work in Process—Cooking $32,000

Dr Work in Process—Canning $27,300

Cr Manufacturing Overhead $59,300

($32,000 +$27,300)

4/30

Dr Work in Process—Canning $55,000

Work in Process—Cooking $55,000

Margas Framing's cost formula for its supplies cost is $2,240 per month plus $6 per frame. For the month of May, the company planned for activity of 808 frames, but the actual level of activity was 810 frames. The actual supplies cost for the month was $7,090. The supplies cost in the flexible budget for May would be closest to:_____.a. $7,106.
b. $7,088.
c. $7,100.
d. $7,090.

Answers

Answer: c. $7,100

Explanation:

Supplies cost according to the flexible budget is to be calculated based on the actual level of activity.

The cost is:

= Fixed cost + (Variable cost * actual level of activity)

= 2,240 + (6 * 810)

= 2,240 + 4,860

= $7,100

The gravity model offers a logical explanation for the fact that :________
A) trade between Asia and the U.S. has grown faster than NAFTA trade.
B) trade in services has grown faster than trade in goods.
C) trade in manufactures has grown faster than in agricultural products.
D) Intra-European Union trade exceeds international trade by the European Union.
E) the U.S. trades more with Western Europe than it does with Canada.

Answers

d i think hope this helps

Which of the following is a consumer right per the consumer bill of rights?

1. Right to know

2. Right to return

3. Right to profit

4. Right to sanity

Answers

Answer:

1. Right to know.

Explanation:

The Consumer Bill of Rights refers to certain rights that are given to customers in a business transaction. These set of rights are given to customers or consumers and are made so that consumers will have equal rights to be protected against any unfair or false claims.

Among the given set of rights, the right to know is a consumer right according to the bill of rights. This right is one of the four sets of original rights as set in the consumer bill of rights. The other three are the right to safety, to be heard, and to choose.

Thus, the correct answer is option 1.

In what type of market transaction does the issuing corporation receive cash proceeds?​​​​

Answers

Answer:

In the primary market, companies issue new shares to investors in exchange for cash. The proceeds from such an offering are used to fund the business, make acquisitions.

Explanation:

Marion is a great manager and he has a number of special skills. In particular, Marion has the ability to get his subordinates to do more than would be normally expected. Which of the following terms best describes Marion?
a. Transactional leader
b. Supportive leader
c. Charismatic leader
d. People-oriented leader

Answers

Answer: c. Charismatic leader

Explanation:

Charismatic leaders are people who are capable of motivating other people by using their great interpersonal and communication skills, ability to charm others and the ease with which they can persuade people.

When they motivate others, those people are willing to do more than they normally do in relation to what they were being motivated for. In this case, Marion is therefore a charismatic leader as he is able to get employees to do more than they normally do.

a. The owner of Central Cupcake Shop finds that when she doubles the amount of flour she buys, but makes no other changes, cupcake output rises by 60%. This is an example of

Answers

Answer:

decreasing marginal returns

Explanation:

In this scenario, the owner of Central Cupcake Shop discover that when she doubles the amount of flour she buys without making additional changes, her cupcake output rises by 60%. This is an example of decreasing marginal returns.

The short-run effects of an increase in the saving rate include a higher level of productivity.

a. True
b. False

Answers

False

The short-run effects of an increase in the saving rate include a higher level of productivity, a higher growth rate of productivity, and a higher growth rate of income.

The correct answer is false

Check all answers that apply. Based on the model output, we can say that both the size of the move (CuFt) and number of large furniture moved are important considerations when estimating the total number of labor hours required. We can make this claim because __________.'

Answers

Answer:

P-value for slope coefficient of the size of the mode CuFt is0.00

Explanation:

The slope coefficient is change in probability when all other independent variables are held constant. The output is 93.3 which is due to the variation in labor hours. These variations are due to large number of furniture moved in cubic feet.

A money market security that has a par value of $10,000 sells for $8,924.70. Given that the security has a maturity of two years, what is the investor's required rate of return?

Answers

Answer:

The answer is "5%".

Explanation:

[tex]\to \$8,924.70 = \frac{10,000}{(1 + r )^2}\\\\\to \$8,924.70 (1+r)^2= 10,000\\\\\to (1+r)^2= \frac{10,000}{\$8,924.70}\\\\\to (1+r)^2= \frac{10,000}{\$8,924.70}\\\\\to (1+r)^2= 1.1204\\\\\to (1+r)= 1.05\\\\\to r= 1.05-1\\\\\to r=0.05\\\\\to r=5\%\\\\[/tex]

A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation pay is $42,000.
a- Journalize the adjusting entry required on January 31, the end of the first month of the current year, to record the accrued vacation pay.
b- How is the vacation pay reported on the company's balance sheet? When is this amount removed from the company's balance sheet?

Answers

Answer:

ill try but imma be wrong

A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 62,000 units to Department C. Also in Department B during the period, 16,000 units were started but brought only to a stage of being 60% completed. The number of equivalent units produced by Department B during the period was:_____.a. 60,000 units.
b. 55,000 units.
c. 62,500 units.
d. 67,500 units.
e. 47,500 units.

Answers

Answer:

Total Equivalent units of production= 71,600 units

Explanation:

The weighted average method blends the costs and units of the previous period with the costs and units of the current period.

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production:

Units completed in the period= 62,000

Equivalent units in ending inventory WIP= (16,000*0.6)= 9,600

Total Equivalent units of production= 71,600 units

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,200. The division sales for the year were $963,800 and the variable costs were $477,000. The fixed costs of the division were $529,000. If the backpack division is dropped, 40% of the fixed costs allocated to that division could be eliminated. The impact on Granfield's operating income for eliminating this business segment would be:__________.
a. $275,200 increase
b. $486,800 decrease
c. $211,600 increase
d. $275,200 decrease
e. $486,800 increase

Answers

Answer:

d. $275,200 decrease

Explanation:

Calculation to determine what The impact on Granfield's operating income for eliminating this business segment would be:

Using this formula

Impact on operating income =Saving in relevant fixed cost -loss of Contribution margin of backpack Division

Let plug in the formula

Impact on operating income=($529,000*40%)-($963,800-$477,000)

Impact on operating income=$211,600-$486800

Impact on operating income=$275,200 decrease

Therefore The impact on Granfield's operating income for eliminating this business segment would be:$275,200 decrease

A government is torn between selling annual pollution allowances and setting an annual pollution tax. Unlike in the messy real world, this government is quite certain that it can achieve the same price and quantity either way. It wants to choose the method that will pull in more government tax revenue. Is selling allowances better for revenues or is setting a pollution tax better, or will both raise exactly the same amount of revenue

Answers

Answer: Both will raise the same amount

Explanation:

The government here is certain that it can achieve the same quantity and price regardless of if it uses a pollution tax or pollution allowance. This means that it would be charging the companies the same regardless of the method used.

Both methods would therefore yield the same amount if the government uses either of them.

Along any downward sloping straight-line demand curve: Group of answer choices both the price elasticity and slope are constant. both the price elasticity and slope vary. the price elasticity varies, but the slope is constant. the slope varies, but the price elasticity is constant.

Answers

Answer:

the price elasticity varies, but the slope is constant

Explanation:

The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

At the midpoint of the demand curve, demand is usually unit elastic. Above the midpoint of the demand curve, demand is elastic and blow the midpoint, demand is inelastic

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

T/F If firms from country A undertake $20 billion of FDI in firms from country B in year 1, and another $20 billion in year 2, then we can say that in each of those two years, B receives annual FDI outflows of $20 billion, and A generates annual FDI inflows of $20 billion.

Answers

Answer: False

Explanation:

In both the first and second years, firms in country A undertook FDI projects of $20 billion in country B. This means that Country A had FDI outflows of $20 billion in those two years not inflows. Inflows are what happens when the FDI is coming into the country.

Country B on the other hand, was receiving money from country A. Country B therefore had FDI inflows of $20 billion in each of the two years and not outflows like Country A had.

Company X has a P/E ratio of 10 and a stock price of $50 per share. Calculate earnings per share of the company.A) $5 per share.B) $ per share.C) $0. per share.D) $6 per share.

Answers

Answer:

A) $5 per share

Explanation:

Calculation to determine the earnings per share of the company.

Using this formula

EPS=Stock price/P/E ratio

Let plug in the formula

EPS = 50/10

EPS= $5 per share

Therefore the earnings per share of the company will be $5 per share

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