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A sinking fund can be set up in one of two ways:
a. The corporation makes annual payments to the trustee, who invests the proceeds in securities (frequently government bonds) and uses the accumulated total to retire the bond issue at maturity.
b. The trustee uses the annual payments to retrieve a portion of the issue each year, either calling a given percentage of the issue by a latterly and paying a specified price per bond or buying bonds on the open market, whichever is cheaper.
What are the advantages and disadvantages of each procedure from the viewpoint of (a) the firm and (b) the bondholders?
High & Dry’s standard price for direct materials is $3.60 per unit-The actual purchase price per unit was
A company has taxable income of $1,760 with a tax rate of 38 percent. Owners equity is: $400 in stock, $200 in capital surplus, and $200 in retained earnings. What is the return on equity (ROE)?
Eddy Money signed a three-year contract to host the Tonight Show. Although he will receive $130 million dollars over three years, the terms of the contract are that he is to receive $10 million at the end of each of the next three years plus an ad..
Cypress Corporation has regular taxable income of $170,000 (assume annual gross receipts are greater than $5 million) and regular tax liability of $49,550 for 2010.
On January 1, 2013, Winn Heat Transfer leased office space under the 3 year operating lease agreement. The arrangement specified 3 annual rent payments of $80,000 each, starting January 1, 2013, the inception of lease
Year 1 production nil. year 2 production 6000.3rd year 24000 4th year 60000 5th year 45000 prepare shortworkings accounts in the books of company for five years.
Stock in Acme Corporation acquired 7 months ago and held as an investment, donated to Southwest University 4,000 6,200 How much qualifies for the charitable contribution deduction?
Glassett Corporation is considering a project that would require an investment of $62,000. No other cash outflows would be involved. The present value of the cash inflows would be $70,060. The profitability index of the project is closest to:
In your opinion, should the other partners allow the problem partner to re-establish their level of compensation when there was originally an issue? Why/why not?
Purchased equipment paying $20,000 down and signed a noninterest-bearing note requiring the balance to be paid in four annual installments of $20,000 on the anniversary date of the contract. Based on Bright Light's 12% borrowing rate for such tran..
Foam Pet Mattress Company can sell as many pet bed models A and B that it can produce, but the company has limited production capacity. It can produce two units of A or three units of B per hour and it has 4,000 production hours available.
What is the total cost of building 8 picture frames by a new employee using the cumulative average-time method?
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