Bonds-sinking funds, Gordon company issued $1,000,000 10

Bonds-sinking funds

Assignment Help Finance Basics

Reference no: EM1330554

Problem 1: Gordon company issued $1,000,000 10 year bonds and agreed to make annual sinking fund deposits of $80,000.00. the deposit are made at the end of each year into an account paying 5% annual intrest. What amount will be in the sinking fund at the end of 10 years?

Problem 2: Galway Bay Enterprises issued 10%,8 year, $2,000.00 par value bonds that pay interest semiannually on October 1 and April1. The bonds are dated April 1.2002, and are issued on that date. The discount rate of interest for such bond on April 1,2002, is 12%. What cash proceeds did Galway Bay received from issuance of the bond?

Reference no: EM1330554

Questions Cloud

Explain academic approach to e-business : What makes an online business a successful e-business? There are many factors. Mention four factors and explain why they are important - support your answer with examples

Walmarts product line classification : What is walmarts product line classification?

Defining five components of emotional intelligence : List and define five components of emotional intelligence.

Prepare an innovative human resources policy : Prepare an innovative human resources policy that limits a company's liability and promotes its core mission and values. ( can sexual harassment in the workplace be an innovative HR policy?, If yes, please help with this)

Bonds-sinking funds : Gordon company issued $1,000,000 10 year bonds and agreed to make annual sinking fund deposits of $80,000.00. What amount will be in sinking fund at the end of ten years?

Human resource planning and recuitment : Human Resource Planning and Recuitment - Are there any methods described that could be adapted for online screening

Explain how do a companies goals affect website planning : How does the consideration of a website's potential value to the company assist the company in determining how to develop the site?

What is triage : What is triage and how is it factored into project management?

Case briefing the holding/decision : Can you help me find holding and the decision for this case? If possible can you give about a paragraph. Can you please add the reference,

User Account

All Pages