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Question
Hosmer Corporation issued $120,000 par? value, 8%?, 4?-year bonds? (i.e., there were 120 of $1,000 par value bonds in the? issue). Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1.
Determine the issue price of the bonds if the market rate of interest is 10%. Determine the issue price of the bonds.
?(Use the present value and future value? tables, the formula? method, a financial? calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula? method, use factor amounts rounded to five decimal? places, X.XXXXX. Round your final answers to the nearest whole? dollar.)
The issue price of the bonds is $
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Elite Brand Company uses standard costs for their manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, Calculate the variable overhead cost variance.
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Southlake Corporation issued $900,000 of 8% bonds on March 1, 20X1. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow.
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You pay $700,000 for a house and the land that it is on. The land is valued at $270,000 and the house is valued at $430,000. You decide to demolish the house ($30,000 demolition cost) and build a go-cart track at a cost of $750,000. What is the cost ..
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