Prepare an amortization table, Cost Accounting

On January 1, 2012 Morgan's Motors issued $500,000 of 3-year, 8% bonds when the market yield was 6%. The bond agreement stated that compounding was semi-annual with payments due on June 30 and December 31.

1. Calculate the proceeds from the bond issue. (Use Excel formulas or use at least 5 decimal places in present value factors if you use the tables at the back of your book. Show calculations.)

2. Prepare an amortization table for the bonds using the effective interest method

 

Posted Date: 2/21/2014 1:27:42 AM | Location : United States







Related Discussions:- Prepare an amortization table, Assignment Help, Ask Question on Prepare an amortization table, Get Answer, Expert's Help, Prepare an amortization table Discussions

Write discussion on Prepare an amortization table
Your posts are moderated
Related Questions
Tracking Overhead Jack would have a many task at hand if he tried to daily trace all such items of overhead. For example: x     How difficult it would  become to track the "


Example of Batch Costing The budgeted variable overheads of a company for the year of 2001 are as given as: Department                Overhead (shs.)

1. Single product or single mix of products 2. Variable cost, fixed cost and selling price are constant 3. The level of production will equal the level of sales Example:

on the first day of the current fiscal year $2,000,000 of 10 year 7% bonds with interest payable annually, were sold for $2,125,000. Present enteries to record the following transa

what is the purpose of cost accounting and its nat ure?

with relevant illustrations and examples, discuss the different overhead costing and control method.

Derive a truth table for a combinational logic circuit that is to decode a 4-bit BCD representing a number in the range 0-9 and generate an appropriate 7-bit output to illuminate t

Reconciliation of Profits Reconciliation of profits disclosed by Financial Accounts and Costing Accounts in an interlocking system, While interlocking cost accounting system

Your company completed the East Side subdivision. The costs are shown in Figure 11-4. The site concrete labor and outside lighting were done by subcontractors. The grading and exca