Compute the total price paid by xyz corporation

Assignment Help Accounting Basics
Reference no: EM131651058

Question - Corporation purchased 10, $1,000, 8% bonds of Jackson Corporation when the market rate of interest was 10%. Interest is paid semiannually on the bonds, and the bonds mature in 6 years.

Instructions: Compute the total price paid by XYZ Corporation for the bonds showing your calculation for the present value of the principal and the present value of the interest payments.

Present value tables (Exhibit 8-14 and Exhibit 8-15) are available on pages 452 and 453 of your Harrison, Horngren, and Thomas textbook. NOTE: Be sure you review the PV Tables completely to ensure you find the correct period and interest rate for the calculation.

Reference no: EM131651058

Questions Cloud

Point of diminishing returns when studying : How do you know you are at a point of diminishing returns when studying? Can anyone use tell their variable and fixed costs?
Provide an overview of pertinent laws : What were the costs both for the perpetrator, the company or institution and the person whose ideas were stolen?
Discuss the availability of antiretroviral therapy : Married HIV-positive women in Uganda have a reduced desire to bear children despite the availability of antiretroviral therapy
Outline four key factors contributing to the hims failure : Write a news brief or memo for your staff in which you: Outline four key factors contributing to the HIMS failure or breach.
Compute the total price paid by xyz corporation : Compute the total price paid by XYZ Corporation for the bonds showing your calculation for the present value of the principal
Are the theorys concepts uncomplicated for use : Briefly identify the philosophical origins and historical influence of the theory.Are the theory's concepts uncomplicated for use?
Discuss the art of courtly love : Discuss what "rules" that are similar. Do these seem to you to be ideas that help to promote strong relationships, or are they ideas that could be damaging
Let me throw out another example : Let me throw out another example: In society we discuss how we all have laws and policies that need to be followed and enforced
Are documents shredded before being discarded : Are trash receptacles easy to gain access to? Are documents shredded before being discarded? Are areas where trash is stored easily accessible?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the tipping point

The question is - What is the tipping point? How does an owner know it is time to do something? And, what factors should be considered

  Lopez company began operations on january 1 2010 during its

lopez company began operations on january 1 2010. during its first two years the company completed a number of

  Computing amount of gross profit

What is the amount of gross profit? Show calculations. What is the amount of operating income? Show calculations. What is the amount of pretax income?Show calculations

  Define pension accounting problem

What do the following actuarial terms mean: accumulated benefits, actuarial liability, vested benefits, service cost, and unfunded accumulated benefits?

  Distinguish between internal and external users in governmen

Why is it more difficult to distinguish between internal and external users in governments than in businesses?

  Explore concept of segment and ncis disclosure and reporting

Explore the concepts of segments and NCIs disclosure and reporting. What are the general requirements for disclosures in these two areas (history, development, specific rules, key points etc).

  In hope of reducing manufacturing costs slagle purchases

slagle corporation is a large manufacturing organization. over the past several years it has obtained an important

  What is the company gross profit ratio

Adams Corporation estimates that it lost $187,200 in inventory from a recent flood. What is the company's gross profit ratio

  Rate of return on investment

The income from operations and the amount of invested assets in each division of Devon Industries are as follows:

  Capital separate from earned capital

1. Why is it important to keep paid-in capital separate from earned capital? 2. As an investor, is paid-in capital or earned capital more important? Explain why.

  Free cash inc reported cash provided by operations of

1. a retail store collects cash sales of 168000 and does not segregate sales tax. if the salestax rate is 5 what are

  Describe the services that netezza offered and why ibm

Describe the services that Netezza offered and why IBM decided to purchase the company.

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