Assume that the following are independent situations recently reported in the Wall Street Journal. 1. General Electric
Question:
1. General Electric (GE) 7% bonds, maturing January 28, 2018, were issued at 111.12.
2. Boeing 7% bonds, maturing September 24, 2032, were issued at 99.08.
Instructions
(a) Were GE and Boeing bonds issued at a premium or a discount?
(b) Explain how bonds, both paying the same contractual interest rate, could be issued at different prices.
(c) Prepare tabular summaries to record the issue of each of these two bonds, assuming each company issued $800,000 of bonds in total.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a The General Electric bonds were issued at a premium and the Boeing bonds were ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
The following are independent situations that require professional judgment for determining when to recognize revenue from the transactions. 1. Costco sells you a one-year membership with a single,...
-
The following are independent situations for which you will recommend an appropriate audit report on internal control over financial reporting as required by PCAOB auditing standards: 1. The auditor...
-
The following are independent situations for which you will recommend an appropriate auditors report: 1. Subsequent to the date of the financial statements as part of the post-balance sheet date...
-
If a restaurant's total sales on a given day were $4,350.00, and the restaurant had served 365 customers, what is the average dollar sale? $10.05 $11.92 $11.35 $11.05
-
A wooden casket is thought to be 18,000 years old. How much carbon would have to be recovered from this object to yield a 14 C counting rate of no less than 5 counts/min?
-
Sundown Rent-a-Car, a large automobile rental agency operating in the Midwest, is preparing a leasing strategy for the next six months. Sundown leases cars from an automobile manufacturer and then...
-
How can quota sampling being applied through a website like www.linkedin.com?
-
Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.)The December 31, 2010 balance sheet of Wolfe Co. included the following items: 7.5%...
-
Bombay Inc. developed a new product which analysts believe will result in rapid growth of 10% over the next 2 years, and then reach a steady growth rate of 6%. The company just paid a $2.50 dividend...
-
Bright Sparks Electrical - Bank Register Report: Now that you have completed the journals for the month, you need to prepare the Bank Register Report in the template below. Not all general journals...
-
Beauty Island Corporation began operations on April 1 by issuing 55,000 shares of $5 par value common stock for cash at $13 per share. In addition, Beauty Island issued 1,000 shares of $1 par value...
-
The following data are taken from the financial statements of Colby Company. __________________________________________20172016 Accounts receivable (net), end of year..............$ 550,000......$...
-
The electric field inside a cell membrane is 8.0 MN/C. Whats the force on a singly charged ion in this field?
-
Find the APR (rounded to the nearest tenth of a percent) for each of the loans described in Problems 39-42. Purchase a stereo for \(\$ 2,500\) at \(13 \%\) add-on interest for 2 years.
-
How has the role of the management accountant been reinvented in recent years ?
-
A payday loan provides short-term loans ranging from \(\$ 250\) to \(\$ 2,000\). In Problems 47-50, assume the cost of the loan is \(\$ 1.00\) per day per \(\$ 100\) borrowed until the loan is...
-
Round your answers in Problems 35-38 to the nearest dollar. Make a \(6 \%\) offer on a Chevrolet Corsica that has a sticker price of \(\$ 14,385\) and a dealer cost of \(\$ 13,378\).
-
What is a permutation? What is the formula for permutations?
-
With the help of the DH values given in Tables 3-1 and 3-4, calculate the H values for addition of each of the following molecules to ethene, using 65 kcal mol -1 for the carbon carbon bond...
-
For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...
-
Data for Klemmer Company are presented in P12-7B. Further analysis reveals the following. 1. Accounts payable pertains to merchandise creditors. 2. All operating expenses except for depreciation are...
-
Condensed financial data of Cadet Company are shown below. Additional information:1. New plant assets costing $151,000 were purchased for cash during the year.2. Investments were sold at cost.3....
-
Data for Cadet Company are presented in P12-9B. Further analysis reveals that accounts payable pertain to merchandise creditors. Instructions Prepare a statement of cash flows for Cadet Company using...
-
As of June 30, Year 1, the bank statement showed an ending balance of $16,878. The unadjusted Cash account balance was $15,239. The following information is available: 1. Deposit in transit, $2,190....
-
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
-
Marin Company produces two software products (Cloud-X and Cloud-Y) in two separate departments (A and B). These products are highly regarded network maintenance programs. Cloud-X is used for small...
Study smarter with the SolutionInn App