Compute the amount of the bond interest expense

Assignment Help Financial Accounting
Reference no: EM13777625

On the first day of its fiscal year, Pedro Dynamite Co. issued $11,000,000 of the five-year, 9% bonds, semiannually. The bonds were issued at an effective rate of 12%, and received proceeds cash of $9,785,645.

Compute the amount of the bond interest expense for the first and second year.

Reference no: EM13777625

Questions Cloud

Payroll taxes become a liability to the employer : Payroll taxes become a liability to the employer- when
Calculate bond interest expense : Jarhead Corporation, on March 1, issued $2,500,000, 5-year, 13% bond at an effective interest rate of 11%, receiving proceeds cash of $2,688,440. Interest on the bonds is payable semiannually on March 1 and September 1. The fiscal year begins on Marc..
What would the first interest payment : Jarhead Corporation, on March 1, issued $2,500,000, 5-year, 13% bond at an effective interest rate of 11%, receiving proceeds cash of $2,688,440. Interest on the bonds is payable semiannually on March 1 and September 1. The fiscal year begins on Marc..
What has been left out of these major provisions : Lastly, what has been left out of these major provisions? Had you been able to meet with congressional members, what would you have lobbied to include in the act
Compute the amount of the bond interest expense : On the first day of its fiscal year, Pedro Dynamite Co. issued $11,000,000 of the five-year, 9% bonds, semiannually. The bonds were issued at an effective rate of 12%, and received proceeds cash of $9,785,645. Compute the amount of the bond interest ..
Prepare an amortization table for the five years : On the first dy of its fiscal year, Pedro Dynamite Co. issued $11,000,000 of the five-year, 9% bonds, semiannually. The bonds were issued at an effective rate of 12%, and received proceeds cash of $9,785,645. Prepare an amortization table for the fiv..
Discuss contemporary issues in cultural divestry and crime : Discuss contemporary issues in cultural divestry, crime, justice. Explain History of race, ethicity and sicial class in the U.S criminal justice system
What would the second semiannual interest payment : On the first dy of its fiscal year, Pedro Dynamite Co. issued $11,000,000 of the five-year, 9% bonds, semiannually. The bonds were issued at an effective rate of 12%, and received proceeds cash of $9,785,645. What would the second semiannual interest..
What is amortization of discount-effective interest method : On the first dy of its fiscal year, Pedro Dynamite Co. issued $11,000,000 of the five-year, 9% bonds, semiannually. The bonds were issued at an effective rate of 12%, and received proceeds cash of $9,785,645. What is the amortization of discount at t..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Discuss the relative performance of each supplier

Calculate the total cost of ownership and the supplier performance index for each of the four suppliers and discuss the relative performance of each supplier.

  How much would the company have to invest now at interest

How much would the company have to invest now at interest rate 3% per year to sufficiently provide for the annual payments, if the first payment will begin 4 years from now?

  What is the sales volume variance

Sara's Cake Company had static budget sales of $25,000, flexible budgeted sales of $32,000, and actual sales of $36,000. The static budget variance is $9,000. What is the sales volume variance?

  Determine amount of cash provided by or used for financing

the company purchased treasury stock for $ 35,000 and paid dividends on common and preferred stock for $ 24,000. Determine amount of cash provided by or used for financing activities during the year.

  Evaluate the under- or over-applied manufacturing overhead

Evaluate the under- or over-applied manufacturing overhead for 2012. Prorate the amount evaluated in based on the ending balances (before prorating) of Work in Process, Finished Goods, and Cost of Goods Sold.

  Determining cash flows

The December 31, 2009 balance sheet showed $135,000 in the common stock account and 2.6 million in the additional paid in surplus account.

  1in november 2012 us based information technology hewlett

1.in november 2012 us based information technology hewlett packard recorded a write-down of around 8.8 billion related

  Review the financial statements

Review SEC 10-K report, the financial statements, and the notes to the financial statements. Search for "effective tax rate". Believe the topics of deferred tax reporting (assets and liabilities).

  Average waste and spoilage per unit produced

Kimm Company has gathered the following information about its product. Direct materials. Each unit of product contains 3.60 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.20 pounds.

  Installment of debt service requires payment of principal

The first installment of debt service requires payment of principal of $75,000 and interest of $100,000. Which of the following statements is true on the day that payment for principal and interest is legally due?

  On the basis of the following data for seller co for 2008

on the basis of the following data for seller co. for 2008 and the preceding year ended december 31 2007 preparenbspa

  Solve equations about ages

Write an equation that models how old in years each of you will be, when your ages add up to 150 years old. For example, if x = your age and the eldest person was a year older than you, you would write their age as x + 1. Then the equation would b..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd