Business, 21.12.2019 01:31 giiiselleee05

Campbell inc. produces and sells outdoor equipment. on july 1, 20y1, campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $31,951,110. interest on the bonds is payable semiannually on december 31 and june 30. the fiscal year of the company is the calendar year. required: 1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 20y1.2. journalize the entries to record the following: a. the first semiannual interest payment on december 31, 20y1, and the amortization of the bond premium, using the straight-line method. (round to the nearest dollar.)b. the interest payment on june 30, 20y2, and the amortization of the bond premium, using the straight-line method. (round to the nearest dollar.)3. determine the total interest expense for 20y1.4. will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5. compute the price of $31,951,110 received for the bonds by using the present value tables. (round to the nearest dollar.)

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:30, deedee363

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

Answers: 3

continue

Business, 22.06.2019 14:30, violetvinny

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

Answers: 2

continue

Business, 22.06.2019 16:20, AnhQNguyen6764

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.

Answers: 1

continue

Business, 23.06.2019 01:40, Dede6308

Which of the following statements is incorrect? select one: a. personal creditors have first claim on partnership assets. b. partnerships are subject to dual taxation. c. no law requires partners to create a written partnership agreement, but it's smart to do so. d. partnership has limited life and unlimited liability.

Answers: 3

continue

You know the right answer?

Campbell inc. produces and sells outdoor equipment. on july 1, 20y1, campbell issued $30,000,000 of...