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Gonzalez Electric Company has outstanding a 10 percent bond issue with a face value of $1,000 per bond and three years to maturity. Interest is payable annually. The bonds are privately held by Suresafe Fire Insurance Company.
Question 1: Suresafe wishes to sell the bonds, and is negotiating with another party. It estimates that, in current market conditions, the bonds should provide a (nominal annual) return of 14 percent. What price per bond should Suresafe be able to realize on the sale?
Prepare journal entries to record the transactions above and Prepare journal entries to record the 2016 amortization expense
Don Humes invested $40,000 cash in the company, as its sole owner. Hired two employees to work in the warehouse. They will each be paid a salary of $3,050 per month. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for th..
At the most recent strategic planning meeting, the board of directors of Amazon has voted to issue additional stock to raise capital for major expansions for the company in the next five years. The board is considering $5 million. Analyze the impact ..
Salem Corporation uses the calendar year as its financial and tax annual accounting period. Management, because of the seasonality of sales, wants to change to a fiscal year beginning April 1st through March 31st.
What is the debt to equity ratio for HD Chocolates? Where would you look to find the amount of accumulated depreciation for HD Chocolate? What is the current ratio for HD Chocolate? How do we determine if a liability is current?
Georgia uses the high-low method of estimating costs. Georgia had total costs of $16,100 at its lowest level of activity, when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,800 units, total costs were $86,300. Georgi..
Brett Favor has written a self improvement book that has the following cost characteristics when 10,000 books were sold: Sales $160,000 Variable Production $40,000 Selling & administrative $20,000 Fixed costs: Production $88,000 per year Selling & ad..
Flexible budgeting-manufacturing costs. as a result of studying past cost behavior and adjusting for expected price increases in the future, Nicholson Company estimates that its manufacturing costs will be as follows: Nicholson expects to produce 20,..
What would happen to the expected value and standard deviation of the investment if you borrowed an additional $1,000 and invested a total of $2,000? What if you borrowed $2,000 to invest a total of $3,000?
Briefly explain what is meant by a deep-discounted rights issue, identifying the main reasons why a company might raise finance by this method.
A concerned citizen provides resources and establishes a trust with the local government. What factors should be considered in determining which fund to report the trust activities?
Which of the following is least likely to be required on an audit?
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