Business, 26.11.2019 02:31 jaidencoolman7072
Abond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.3%, and sells for $1,170. interest is paid annually.
a.
if the bond has a yield to maturity of 9.7% 1 year from now, what will its price be at that time? (do not round intermediate calculations. round your answer to 2 decimal places.)
price $
b.
what will be the annual rate of return on the bond? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places. negative amount should be indicated by a minus sign.)
rate of return %
c.
now assume that interest is paid semiannually. what will be the annual rate of return on the bond?
slightly greater than your part b answer
slightly less than your part b answer
d.
if the inflation rate during the year is 3%, what is the annual real rate of return on the bond? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places. negative amount should be indicated by a minus sign.)
real rate of return %
Answers: 2
Business, 22.06.2019 22:40, tonypewitt
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
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