Billy's Hamburgers issued 8%, 10-year bonds payable at 80 on December 31, 2016. At December 31, 2018, Billy reported the bonds payable as follows: Long-Term Liabilities
Bonds Payable $400,000
Less: Discount on Bonds Payable 32,000 $368,000
Billy's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.)
1. Answer the following questions about Billy's bonds payable:
a. What is the maturity value of the bonds? $ nothing
b. What is the carrying amount of the bonds at December 31, 2014c. What is the semiannual cash interest payment on the bondsd. How much interest expense shoudl the company record each year2. Record the June 30, 2014, semiannual interest payment and amortization of discount

Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a. the contractor must submit a standard form 294, subcontracting report for individual contracts. b. the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c. the contractor may submit either an sf 294 or report its subcontracting through esrs. d. the contractor is not required to submit any subcontracting reports.