Reference no: EM131292750
On January 1, 2016, Drennen, Inc., issued $2.6 million face amount of 7-year, 14% stated rate bonds when market interest rates were 12%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2025. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.)
a. Calculate the proceeds (issue price) of Drennen, Inc.'s, bonds on January 1, 2016, assuming that the bonds were sold to provide a market rate of return to the investor.
b. Assume instead that the proceeds were $2,568,000. Use the horizontal model to record the payment of semiannual interest and the related discount amortization on June 30, 2016, assuming that the discount of $32,000 is amortized on a straight-line basis.
|
Determine tax basis in her partnership interest at year end
: Wanda is a 20 percent owner of Video Associates, which is treated as a passthrough entity for federal income tax purposes. Wanda's tax basis in her investment in Video Associates was $30,000 at the beginning of the current year. If Video Associates i..
|
|
Estimate the kc for toluene on the humic acid
: It was determined that the concentration of humic acid in the wastewater pond was 20 g/m3. If the pure water Henry's constant for toluene is 0.0065 atm/m3/mol, estimate the partial pressure of toluene in the air in equilibrium with the wastewater.
|
|
In what ways would reebok benefit by diversifying its staff
: In what ways would reebok benefit by diversifying its staff? What competitive advantages might it gain? outline your reasoning in an e-mail message.
|
|
Issues that can be bargained over
: If the Union has less flexibility wouldn't the Er equally limited? The Er is in a weaker position to w/stand a strike. So if there is less money then are there other issues that can be bargained over? What would they be?
|
|
Provide market rate of return to the investor
: On January 1, 2016, Drennen, Inc., issued $2.6 million face amount of 7-year, 14% stated rate bonds when market interest rates were 12%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2025. Calculate the pro..
|
|
What is the mass of ammonia in the gas phase at equilibrium
: what is the mass of ammonia in the gas phase at equilibrium? The temperature is 298 K. Kaw = 0.016 atm/mol/L. Ka1 = 1.7 × 10-5 M. Note that you have to derive the equation for the aqueous mole fraction αNH3 · H2O.
|
|
Discuss two legal cases that have impacted abortion
: Discuss two legal cases that have impacted abortion in the United States. Describe the specific ethical issue that was impacted by the outcome of the case.
|
|
How can the three phase writing process
: How can the three-phase writing process help the writer of a business report as well as the writer of an oral presentation?
|
|
Discuss three types of discrimination in the workplace
: Discuss three types of discrimination in the workplace and the federal regulations that have been implemented to protect employees from this discrimination.
|