The below information will be used for the next two questions.
A Company issued a bond payable with detachable warrants on the interest payment date as follows.
Bond payable ($1,000 par value; 400 bonds) $400,000
Coupon rate 4.70%
Bond issue price $414,000
Fair value of the bonds after issuance $390,000
Term 10 years
Number of detachable warrants per bond 50
Fair value of the warrants after issuance $2.00
Stock purchase price $15.00
Warrants exercised 5,000
1 warrant = 1 share of $1 par value stock
1. What is interest expense in 20X1?
2. 1 warrant = 1 share of $1 par value stock
What is the credit to additional paid in capital at the time the warrants are exercised on June 30, 20X1?
Answers: 2
Business, 22.06.2019 13:30, lemmeboiz43
The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.
Answers: 2
Business, 23.06.2019 15:30, TayanaB
Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.
Answers: 1
Business, 23.06.2019 16:30, whocares1234
Which are the best examples of costs that should be considered when creating a project budget? over budget and under budget production costs and capacity cost of living and allocated costs total budget and allocated costs
Answers: 2
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