Business, 28.10.2019 23:31 Wemaybewrong
Patey pontoons issued 8% bonds on january 1, 2018, with a face amount of $540,000, the market yield for bonds of similar risk and maturity was 11%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31.
required:
(1) determine the price of the bonds at january 1, 2018.
(2) prepare the journal entry to record their issuance by patey on january 1, 2018.
(3) prepare an amortization schedule that determines interest at the effective rate each period.
Answers: 2
Another question on Business
Business, 22.06.2019 00:00
Choose the list of the best uses for word processing software. lists, resumes, writing a book, and payroll data letters to your friends, resumes, spreadsheets, and school papers resumes, cover letters, databases, and crossword puzzles book reports, letters to your friends, resumes, and contracts
Answers: 2
Business, 22.06.2019 18:10
Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?
Answers: 1
Business, 23.06.2019 09:30
When gathering information about certain occupations, be sure to understand how you are paid. what is the difference between a salary and an hourly wage?
Answers: 2
Business, 23.06.2019 20:00
Apublicist's compensation package includes the total cost of a $180-per-month health insurance plan, the total cost of a $35-per-month life insurance plan, and a salary of $42,000 per year. what is the yearly value of the compensation package?
Answers: 1
You know the right answer?
Patey pontoons issued 8% bonds on january 1, 2018, with a face amount of $540,000, the market yield...
Questions
History, 19.02.2020 02:06
Mathematics, 19.02.2020 02:06
Mathematics, 19.02.2020 02:06
Mathematics, 19.02.2020 02:07
Mathematics, 19.02.2020 02:07
Mathematics, 19.02.2020 02:07
Physics, 19.02.2020 02:08
Mathematics, 19.02.2020 02:08
Mathematics, 19.02.2020 02:09
