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Bond MarketsGiant Commonwealth Edison Issue Hits Resale Market With $70 Million Left Overnew york-Commonwealth Edison Co.'s slow-selling new 9¼% bonds were tossed onto the resale market at a reduced price with about $70 million still available from the $200 million offered Thursday, dealers said.The Chicago utility's bonds, rated double-A by Moody's and double-A-minus by Standard & Poor's, originally had been priced at 99.803, to yield 9.3% in 5 years. They were marked down yesterday the equivalent of about $5.50 for each $1,000 face amount, to about 99.25, where their yield jumped to 9.45%.Instructions
(a) How will the development above affect the accounting for Commonwealth Edison's bond issue?
(b) Provide several possible explanations for the markdown and the slow sale of Commonwealth Edison's bonds.
Standard hours allowed for the work done is 20,400 hours. The predetermined overhead rate is $7 per direct labor hour. Compute the total overhead variance.
Which one of the following is not a tool in financial statement analysis and Return on assets ratio is most closely related
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By how many days would the cash conversion cycle be changed? - Cash conversion cycle
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A company had net income of $450,000 in 2009 and $620,000 in 2010. The company had average total assets of $2,500,000 in 2009 and $3,000,000 in 2010. Calculate the return on total assets for 2009 and 2010. Comment on the results.
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A U.S. manufacturer wants to conduct business through a foreign subsidiary organized in a low tax jurisdiction. Explain how might it do so without being currently taxed on the subsidiary’s foreign earnings?
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Consider the overall effect of these two ratios. Did Foot Locker, Inc. improve during fiscal 2007? How did these factors affect the net income for fiscal 2007?
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