Hallelujah Alarms Co. issued $40,000,000 of five-year, 11% bonds with interest payable semiannually, at an effective interest
Question:
Transcribed Image Text:
Present Vau of at Compound Interest Periods 5% 7% 10% 11% 12% 13% 14% 0.95238 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 0.87719 2 0.90703 0.89845 0.89000 0.88166 087344 0.82645 0.81162 0.79719 0.78315 0.76947 3 0.86384 0.85161 0.83962 0.82785 0.81630 0.75132 073119 0.71178 0.69305 0.67497 4 0.82270 0.80722 0.79209 0.77732 0.76290 0.68301 0.65873 0.63552 0.61332 0.59208 5 0.78353 0.76513 0.74726 0.72988 0.71299 0.62092 0.59345 0.56743 0.54276 0.51937 6 0.74622 0.72525 0.70496 0,68533 0.66634 0.56447 0.53464 0.50663 048032 045559 7 0.71068 0.68744 0.66506 0.64351 0.62275 0.51316 0.48166 0.45235 042506 0.39964 8 0.67684 0.65160 0.62741 0.60423 0.58201 0.46651 0.43393 0.40388 0.37616 0.35056 9 0.64461 0.61763 0.59190 0.56735 0.54393 0.42410 039092 0.36061 0.33288 0.30751 10 0.61391 0.58543 0.55840 0.53273 0.50835 0.38554 0.35218 0.32197 0.29459 0.26974 Present Value o Annuity of S1 at Compound Interest Periods 5% 10% 11% 12% 13% 14% 10.95238 0.94787 0.94340 0.93897 0.93458 090909 0.90090 0.89286 0.88496 0.87719 2 185941 1.84632 1.83339 1.82063 1.80802 1.73554 1.71252 1.69005 1.66810 1.64666 3 2.72325 2.69793 2.67301 2.64848 2.62432 2.48685 2.44371 2.40183 2.36115 2.32163 4 3.54595 3.50515 3.46511 3.42580 338721 3.16987 3.10245 3.03735 2.97447 2.91371 5 4.32948 4.27028 4.21236 4.15568 4.10020 3.79079 3.69590 3.60478 3.51723 3.43308 6 5.07569 4.99553 4.91732 4.84101 4.76654 4.35526 4.23054 4.11141 3.99755 3.88867 7 5.78637 5.68297 5.58238 5.48452 5.38929 486842 4.71220 4.56376 442261 4.28830 8 6.46321 6.33457 6.20979 6.08875 597130 5.33493 5.14612 4.96764 4.79677 4.63886 9 710782 6.95220 6.80169 6.65610 6.51523 5:75902 5.53705 5.32825 5.13166 4.94637 10 7.72174 7.53763 7.36009 7.18883 7.02358 6.14457 5.88923 5.65022 5.42624 5.21612
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Present value of 1 for 10 semiannual periods at 5 s...View the full answer
Answered By
Robert Mwendwa Nzinga
I am a professional accountant with diverse skills in different fields. I am a great academic writer and article writer. I also possess skills in website development and app development. I have over the years amassed skills in project writing, business planning, human resource administration and tutoring in all business related courses.
4.90+
187+ Reviews
378+ Question Solved
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Question Posted:
Students also viewed these Accounting questions
-
Mason Co. issued $430,000 of four-year, 11% bonds with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present...
-
Interest rates determine the present value of future amounts. Requirements 1. Determine the present value of seven-year bonds payable with maturity value of $91,000 and stated interest rate of 14%,...
-
Interest rates determine the present value of future amounts. Requirements 1. Determine the present value of seven-year bonds payable with maturity value of $83,000 and stated interest rate of 12%,...
-
Calculate the half life potential for Zn electrode is 0.01M Zn(NO 3 ) 2. Given that Zn 2+ + 2e= Zn E o = 0.763
-
Give the product of each of the following reactions: a. b. c. d. e. CH3 CH3 CH3
-
What is the difference between a letter of transmittal and letter of authorization?
-
The number of A grades received in different subjects per student (a) find the mean, variance, and standard deviation of the probability distribution, (b) interpret the results. Grades 0 1 2 3 4 5 6...
-
As the accountant for Veneskey & Sons, you have been hired to prepare the payroll and everything that goes along with it for OlFashion Industries which has 4 employees. Their necessary payroll...
-
The United World Corporation has three subsidiaries. Sales Net income (after taxes) Assets Computers $20,690,000 2,160,000 21,220,000 Magazines $5,770,000 668,000 8,780,000 Cable TV $4,590,000...
-
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
-
Fowler Co. produces and sells bottle capping equipment for soft drink and spring water bottlers. To finance its operations, Fowler Co. issued $12,000,000 of five-year, 8% bonds with interest payable...
-
Walt Disney 2.125% bonds due in 2023 were reported in The Wall Street Journal as selling for 103.536. Were the bonds selling at a premium or at a discount? Explain.
-
Why is it recommended that you not post private data on a social network, even those with privacy settings?
-
Write a brief note on the visual and conceptual characteristics of Surrealism. What inspired these artists? Which concepts and themes are common in Surrealist art?
-
What are the multifaceted effects of rapid urbanization on the spatial distribution of resources and the resulting socio-economic disparities within metropolitan areas ? Explain
-
Mason Company has two manufacturing departments - Machining and Assembly. All of the company's manufacturing overhead costs are fixed costs. It provided the following estimates at the beginning of...
-
The government of Newfoundland and Labrador recently implemented a sugar tax. Other Provinces are expected to follow this policy action, and the implications for the economy are huge. What are the...
-
Delph Company uses job - order costing with a plantwide predetermined overhead rate based on machine - hours. At the beginning of the year, the company estimated that 5 6 , 0 0 0 machine - hours...
-
The most common type of dividend is the stock dividend. True/false
-
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
-
Two examples of exception to the special harm requirement for slander are _____________ and ______________.
-
What are some of the techniques of disclosure for the balance sheet?
-
What are some of the techniques of disclosure for the balance sheet?
-
What are some of the techniques of disclosure for the balance sheet?
-
On January 1, 2023, Bertrand, Incorporated, paid $86,900 for a 40 percent interest in Chestnut Corporation's common stock. This investee had assets with a book value of $229,500 and liabilities of...
-
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production Machine-hours...
-
Explain the concept of gene-environment interactions, and how these interactions influence the expression of complex traits and the risk of developing multifactorial diseases ?
Study smarter with the SolutionInn App