Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Grove Corporation issued $20,000,000 of 10% coupon rate bonds on January 1, 2018, due on January 1, 2022. The interest is to be paid each January 1 and July 1 beginning July 1, 2017. The bonds were sold to yield 10% effective annual interest. Grove Corporation closes its books annually on December 31 and uses the effective interest method for its bonds.
1. Calculate the present value of the bonds at issuance. Show all work.
2. Prepare a PARTIAL amortization schedule for just the first two semiannual interest periods:
3. Prepare Grove's necessary journal entry to record the issuance of the bonds on January 1, 2017.
4. Prepare Grove's necessary journal entry to record the first interest payment on July 1, 2017.
5. Prepare Grove's necessary adjusting entry on December 31, 2017.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd