What was the interest revenue that microlevel earned

Assignment Help Financial Management

Reference no: EM131959110

On January 1, 2016, Microlevel, Inc., purchased $70,000 face value of the 2% bonds of Service Express, Inc., at 104.

The bonds mature on January 1, 2021. For the year ended December 31, 2017, Microlevel received cash interest of $1, 400.

What was the interest revenue that Microlevel earned in this period?

Reference no: EM131959110

Questions Cloud

Examine the cultural and communication issues : MOD003313 - Business Communications - Report explaining the cultural and communication issues that may have caused the breakdown in communication

What is the total amount of interest revenue that will be : Borrowed $115,200 for eight years. Will pay $6,100 interest at the end of each year and repay the $115,200 at the end of the 8th year.

Write down janets budget constraint : Lets denote the money she spends on stocks as 's' and the money she spends on bonds as 'b'. Each bond has an interest rate of 0%.

What is the molar mass of a hydrocarbon : What is the molar mass of a hydrocarbon if 5.19 × 1016 molecules of the hydrocarbon weigh 5.00 µg

What was the interest revenue that microlevel earned : The bonds mature on January 1, 2021. For the year ended December 31, 2017, Microlevel received cash interest of $1, 400.

What would your capital gains yield have been : Today, the market rate has fallen to 13.3 percent. What would your capital gains yield have been if you had purchased this stock one year ago.

To achive this the equations : From the following data calculate e510 ( molar absorptivity at 510nm) for species A and species B (which are the only two in the solution).

Determine what is the amount of the first withdrawal : Jane Smith wants to retire 20 years from now. Money can be deposited in an account at an actual interest rate of 12% compounded monthly.

Show that the average total cost drops somewhat as output : Experience shows that the average total cost drops somewhat as output is expanded beyond 100,000 but rises again if output is expanded above 120,000 units.

User Account

All Pages