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On the last day of its fiscal year ending December 31, 2013, the Sedgwick & Reams (S&R) Glass Company completed two financing arrangements. The a) funds provided by these initiatives will allow the company to expand its operations.
1. S&R issued 8% stated rate bonds with a face amount of $100 million. The bonds mature on December 31, 2033 (20 years). The market rate of interest for similar bond issues was 9% (4.5% semiannual rate). Interest is paid semiannually (4%) on June 30 and December 31, beginning on June 30, 2014.2. The company leased two manufacturing facilities. Lease A requires 20 annual lease payments of $200,000 beginning on January 1, 2014. Lease B also is for 20 years, beginning January 1, 2014. Terms of the lease require 17 annual lease payments of $220,000 beginning on January 1, 2017. Generally accepted accounting principles require both leases to be recorded as liabilities for the present value of the scheduled payments.Assume that a 10% interest rate properly reflects the time value of money for the lease obligations.Required:What amounts will appear in S&R's December 31, 2013, balance sheet for the bonds and for the leases?
Perform an Internet search using the term break-even analysis. Select and read a case study or article from the results of your search.
via gelato is a popular neighborhood gelato shop. the company has provided the following data concerning its operations
Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 16%. After careful study, Oakmont estimated the following costs and revenues for the new product:
Determine the amount of expenses Walton will report relataive to the lease for 2011 and the amount of revenue Mullen will report for the same period.
For 2010 Kuhlman Corporation reported net income of $28,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?
What is most likely to worng in the analysis of direct material and other direct costs and what can be done about it?
A firm believes it can generate an additional $250,000 per year in revenues for the next 5 years if it replaces existing equipment with new equipment that costs $210,000.
Kingbird redeems 200 of Amata's shares for $1,000 per share. Amata paid $300 per share for her Kingbird stock nine years ago. Which of the following statements is correct with respect to the stock redemption?
They also have a policy of maintaining a raw material inventory at the end of each month equal to 20% of the pounds needed for the following month's production. There were 3,920 pounds of raw material on hand at Dec. 31, 2010, For the first quarter o..
The Electronics Shack is a retailer of electronics such as cell phones, satellite radios, mp3 players, and high end LCD and plasma TVs. The Electronics Shack is a large chain with stores in strip shopping centers throughout the United States. Howe..
Discuss why these three areas are important to identify for estimation errors when you are considering an investment project.
For each of the following transactions, identify the net asset classification ( unrestricted, temporarily restricted, permanently restricted) that is affected in the NFPO financial statements for the year ended December 31, 2013. More than one net..
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