Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and December 31 at an annual rate of 12%. The bonds were priced to yield an effective rate of 10%.a. What were the proceeds received by Chico upon the sale of the bonds?
b. Prepare the entry made by Chico to record the sale of the bonds on December 31, 2015.
c. What is the total amount of interest payments to be made by Chico over the life of the bonds?
d. What is the total amount of interest expense that Chico will record over the life of the bonds?
e. What will be the net book value of the bonds at December 31, 2019, after the company makes the eighth semiannual cash interest payment?
f. Prepare the entry to record the ninth semiannual payment on June 30, 2020.

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?