payment = $3/share = 3*591‚833 = $1‚775‚499 Remaining (i.e. Bonds payable) = $9‚765‚244 Dr Common Stock‚ no par value $11‚541 (10% of CS @$19.5/share) Cr Bonds payable $9‚765 (plug) Cr Cash $1‚776 ($3/share * 597.0298 thousand shares) Note that the $9765 includes the discount applied to the face value of the bond. The value of this discount is $9‚765*6.5/23 = $2‚760‚ Face value = $7‚005 The following table (TABLE 1) shows the bond repayment schedule. 3. The earnings per share from
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COURSES > ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ENTITIES:‚ 15/E- WILSON > CONTROL PANEL > POOL MANAGER > POOL CANVAS Pool Canvas Add‚ modify‚ and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which default options‚ such as feedback and images‚ are available for question creation. Add !"#$%&#’()*+%‚’ Creation Settings Name Chapter 06 Accounting for General Long-Term Liabilities and Debt Service
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that bavarian will receive? $11.59 12.50(1-.0725= 11.59 10. bavarian sausage just issued a 10yr 7% coupon bond. the face value of the bond is $1000 and the bond makes annual coupon payments. If the required return on the bond is 10%‚ what is the bond’s price. $815.66 FV: 1000 PMT: 70 I/Y: 10 N: 10 CAL: PV: 11. bonds issued by US states or local governments are called: municipal bonds 12. Brew is a unlevered firm‚ has an expected EBIT of 500k. The required return on assets for the firms assets
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Treasury and Fund Management Assignment 1 Nina Zejri 14336 Standard Chartered Bank (Pakistan) Limited Introduction Standard Chartered Bank (Pakistan) Limited is a banking and financial services company in Pakistan and a wholly owned subsidiary of Standard Chartered. Standard Chartered Bank Pakistan operates as the largest and oldest international bank since 1863. In 2013 it marked 150th year of presence in the country. It has 116 branches in 2 cities and a workforce of over 4500
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hedging arrangement would be a result of hedge ineffectiveness such as this. Question A–4 A futures contract is an agreement between a seller and a buyer that calls for the seller to deliver a certain commodity (such as wheat‚ silver‚ or Treasury bond) at a specific future date‚ at a predetermined price. Such contracts are actively traded on regulated futures exchanges. If the “commodity” is
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Accounts Payable – This account is the opposite of accounts receivable. Examples include purchasing goods or receiving services for which the buyer agrees to pay in the near future. Notes Payable – A note payable is like a note receivable‚ except that this time the enterprise is the one who promises to pay (not the one who receives the promise) Accrued Liabilities – These are amounts owed to others for unpaid expenses. They are similar to accounts payable‚ except that accounts payable are for
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customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per month. You will charge 1.7 percent per month interest on the overdue balance. If the current balance is $16‚000‚ how long will it take for the account to be paid off? A: 16000 = 500({1 – [1/(1 + 1.7%)t]} / 1.7% ) (1.017)^t=2.193 t= 46.584 (月) 5. Even though most corporate bonds in the United States make coupon payments semiannually‚ bonds issued elsewhere often have annual coupon
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securities‚ mostly in the form of bonds. These markets are important source of funds‚ especially in a developing economy like India. India debt market is one of the largest in Asia. Like all other countries‚ debt market in India is also considered a useful substitute to banking channels for finance. The most distinguishing feature of the debt instruments of Indian debt market is that the return is fixed. This means‚ returns are almost risk-free. This fixed return on the bond is often termed as the ’coupon
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following transactions involves a deferral? Choose one answer. | a. Recording salaries of employees earned but not yet paid. | | | b. Recording the interest earned (but not received) on a CD. | | | c. Recording interest accrued on a note payable. | | | d. Recording the prepayment of three months rent. | | Correct Marks for this submission: 5/5. Question 4 Marks: 5 Which of the following groups has the primary responsibility for establishing generally accepted accounting principles
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TOPIC: Financial Ratio Analysis Section A (i) CALCULATION OF FINANCIAL RATIOS Financial Ratios Actual 30 June 2015 Forecast 30 June 2016 (a) Operating Profit Margin (b) Interest cover (c) Inventory days (d) Receivable days (e) Payable days (ii) COMMENTARY (a) Operating profit margin The operating profit margin express a company’s profit in percentage form after paying all the variables costs‚ such as wages and raw materials. By using operating profit (gross profit minus operating
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