Reference no: EM132634254
Question - Monty Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,454,800 of 11% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2020. At the time of issuance, the market interest rate for similar financial instruments is 10%.
A. As the controller of the company, determine the selling price of the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
B. Sunland Corporation wants to withdraw $130,390 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%?
What challenges an individual in this field would encounter
: Select 1 area from forensic engineering, forensic linguistics, forensic oceanography, forensic medicine, forensic digital investigation, forensic social work.
|
Do bit of research on hearsay rule in legal proceeding
: Do a bit of research on the hearsay rule in legal proceedings. explain the hearsay rule and describe how it relates to the concept of an expert witness.
|
How much would hollern report for cost of goods
: If beginning finished goods inventory was $5,000 and cost of goods sold was $20,000, how much would Hollern report for cost of goods manufactured?
|
Define contribute to the lack of women in law enforcement
: Discuss two factors that may contribute to the lack of women in law enforcement. Select any 2 police psychology organizations and fully explain the organization
|
What should be the required initial investment
: Sunland Corporation wants to withdraw $130,390 from an investment fund at the end of each year for 9 years. What should be the required initial investment
|
Determine the cost of goods manufactured for january
: Determine the Cost of Goods Manufactured. Cost of direct materials used in production $25,000; Direct manufacturing labor: $35,000; Total Indirect manufacturing
|
Contingency planning is risk mitigation process
: Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual'.
|
What does owners investment mean
: What does owners investment mean? What is fixed assets and why is it important for a business to measure depreciation
|
Detail the four categories of computer crime
: The term computer crime encompasses a very broad range of criminal acts. Explain in detail the four categories of computer crime.
|