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Question - On May 1, 2020, Blackhawks Industries Ltd. issued $ 2,000,000, 10% bonds and received cash proceeds of $ 2,243,313. The bonds pay interest semi-annually on May 1 and November 1. The maturity date on these bonds is November 1, 2028. Blackhawks uses the effective interest method of amortizing bond discounts and premiums. The bonds were sold to yield an effective interest rate of 8%.
Required -
a) Based on the data provided, verify the yield rate using a Financial Calculator or Excel or PV Tables.
b) With proper headings, present an amortization table, indicating the amount of interest expense, interest paid, discount or premium amortized and balance of the carrying value from issuance date to May 1, 2022, while the above-mentioned bonds were outstanding. Show calculations and round all values to the nearest dollar.
During the current year, Charlie's company had a net income of 20,000,000. Compute for the company's return on assets and interpret the results
Question - Describe the Beta factor. (a) What is the range of beta? (b) Can beta be negative? (c) What is the formula
Which actions could Comfy Home's owners use to reduce its leverage? Randolf Singh sells all his shares in Comfy Home to Tenisa Singh.
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Blue Ltd shares and Green Ltd shares. You want to invest $5,250 in Blue Ltd shares and $9,750 in Green Ltd shares. Calculate standard deviation of portfolio
Opening WIP - raw materials $18,000. Calculate the closing WIP and the value of completed goods for the month ended 29 February 2019
On June 1, 2004, XYZ Company paid $360,000 to purchase land, building, and equipment. The market value of these assets on that date were: land $90,000; building $260,000; The equipment will be depreciated using the straight-line method. On December 3..
To be eligible for volume discounts, the Parks and Recreation, Identify the control problems and suggest how to correct the inappropriate inventory procedures.
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In 2013, Colin's personal residence was damaged by fire. Colin was insured for 80% of his actual loss, and he received the insurance settlement. Colin had adjusted gross income, before considering the casualty item, of $40,000. Pertinent data with re..
The product requires $45.00 per unit in variable costs to produce and sell, and fixed costs per annum are $720,000. Determine the unit sales volume necessary
The after-tax profit margin is forecasted to be 5%, and the forecasted payout ratio is 70%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Round your answer to the nearest dollar. Do not round intermediate c..
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