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On February 28, 2006, Pujols Industries issued 10% bonds, dated January 1, with a face amount of $48 million. The bonds were priced at $42 million (plus accrued interest) to yield is 12%. The effective interest method is used. Interest is paid semiannually on June 30 and December 31. Pujols' fiscal year ends October 31st.Required:
a) What would be the amount(s) related to the bonds Pujols would report in its balance sheet at October 31, 2006?
b) What would be the amount(s) related to the bonds that Pujols would report in its income statement for the year ended October 31, 2006?
c) Why is the effective-interest method the accounting profession's preferred procedure for amortization of a discount or premium on bonds payable?
d) Why is the straight-line method used by most companies for amortization of a discount or premium?
Discuss the legal and ethical implications of the ongoing debate and take a position as to whether the changes should be allowed and would they benefit DWI.
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A company normally orders the EOQ of 120 units and the reorder point is 30 units. However, due to changing conditions, it has become necessary for the company to carry safety stock to prevent stock outs. Which of the following should occur?
What shape would the probability distribution have for (a) completely certain returns and (b) completely uncertain returns?
Yvonne had employment income of 46,200, as well as income from an unincorporated business of 13,500. A rental property owned by Yvonne experienced a net loss of 2,350.
Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company's outstanding bonds is 9%, and the company's tax rate is 40%. The CFO has calculated the company's WACC as 9.96%.
What is the difference between liquidity and debt (leverage) ratios? What is the difference between return on assets and return on equity from the perspective of an investor? A manager?
Consider the top 2-3 careers in Sales or Marketing you would like to enter one day. Do some research at places like Monster and compile some data for each of these career paths. In particular, collect salary information, experience and degree requ..
Research and find financial statements for two companies of your choosing. Drawing on information from this course (managerial accounting), write an essay summarizing which of the two is a better investment.
An insurance policy sells for $1200. Based on past data, an average of 1 in 125 policy holders will file a $15000 claim, an average of 1 in 100 holders will file a claim of $40,000 and an average of 1 in 250 holders will file a claim of $80,000.
What are the elements of a decision? How does statistical decision theory differ in conditions of certainty and uncertainty? When making a decision, can doing nothing be a valid alternative? Why?
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