User Account

All Pages

Amount in interest expense

Assignment Help Finance Basics
Reference no: EM133073514

InterTech Corporation needed financing to build a new manufacturing plant. On January 1 of this year, InterTech issued $2,000,000 of 8-year bonds with a 6% coupon rate (payments due on June 30th and December 31st). The effective interest rate was 8%. The bonds were issued for $1,766,954

What amount in interest expense did InterTech record for the June 30th payment of this year?

Reference no: EM133073514

Questions Cloud

How much was the gain or loss on the disposal : The original estimated salvage value was P60,000. How much was the gain or loss on the disposal should Maroon record in 2021
Will you include the short article in your audit firm : Will you include the short article in your audit firm's monthly newsletter? Explain using IFAC Code of Ethics for Professional Accountants
What amount should be capitalized as cost of the machine : Before using the machine to print customers' orders, a test was undertaken and the paper and ink cost P5,000. What amount should be capitalized
Fnd the optimal solution : In the United Copiers service center model, we assumed that the potential locations of service centers are the same as existing customer locations. Change the m
Amount in interest expense : What amount in interest expense did InterTech record for the June 30th payment of this year?
Compute the cost of each quality category : For 2020, compute the cost of each quality category and the total cost of quality for Mont Corp assuming that: the alternative inspection method is adopted
Calculate the irr that the firm earns on the product : Calculate the IRR that the firm earns on the product and comment on whether it is a good investment.
Explain the new-project analysis : The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $830,000, and it would cost another $16,5
What is the demand of the process : At SLC Barber Shop, the average service time is 30 minutes, with a standard deviation of service times being 45 minutes. What is the demand of the process

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd