Amount needed after 5 years for debenture redemption: 60,00,000. Rate of interest on investments expected: 5% Annual

Question:

Amount needed after 5 years for debenture redemption: ₹60,00,000.

Rate of interest on investments expected: 5%

Annual investment needed to get ₹15 after 5 years: ₹2.71462.

Ascertain the annual transfer to sinking fund.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

See More Books

Question Posted: Aug 31, 2023 12:11 PM

See More Questions

Fifteen years ago, Manish Kothari set up a company called Manish Detergents to make detergent powder. After few years of teething problems, the company established itself as a low-cost producer of...
Amount needed after 5 years for debenture redemption: 60,00,000. Rate of Interest on investments expected: 5% Annual investment needed to get 15 after 5 years, *2.71462. Ascertain the annual transfer...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Macmillan Learning A Geiger-Muller tube is a type gas-filled radiation detector. It can detect particles like X-rays, alpha particles, and beta rays (electrons). This is useful in quantizing the...
Alicia, Bob, and Carol are equal partners in Dunning Law Associates. In 2005, Alicia, in an attempt to maximize the firms return on its investment portfolio, encourages her partners to acquire...
The beginning inventory of merchandise at Martin Co. and data on purchases and sales for a two-month period are as follows: Instructions 1. Record the inventory, purchases, and cost of goods sold...
A horizontal metal strip $1.0 \mathrm{~mm}$ thick and $20 \mathrm{~mm}$ wide carries a 20-A current along its length, and both the length and the width are perpendicular to a uniform magnetic...
A food-products company has recently introduced a new line of fruit pies in six U.S. cities: Atlanta, Baltimore, Chicago, Denver, St. Louis, and Fort Lauderdale. Based on the pies apparent success,...
(a) (b) (c) Small business owners are discovering that social media marketing is quickly becoming an important method for driving business growth. While the idea of using "free tools" to drive...
Pradeep Ltd. has taken over the business of Mr. Sandeep and agreed to pay the purchase price as given below: (a) 2,800 shares of 50 each fully paid at 60 per share. (b) 25,000 in 8% preference shares...
Gowtham Ltd. issued 6,000 12% debentures of 100 each, at a discount of 5%, repayable after 5 years at a premium of 5%. Give journal entries both at the time of issue and redemption of debentures.
What is the difference between an essential and a real use case?
Explain the differences between 2, 2.0 , '2', "2", and "2.0".
At a hospital planning meeting, the marketing director reports on consumer interest in a women's health center. Hearing strong interest, the planning committee endorses the concept. A group of...
Write a program RandomPrice that prints a random price between $10.00 and $19.95 every time the program is run.
Write a CenteredSquaresPrinter program that constructs a Rectangle object square representing a square with top-left corner (100, 100) and side length 200, prints its location by calling System.out....
Mean and standard deviation. Write a program that reads a set of floating-point data values. Choose an appropriate mechanism for prompting for the end of the data set. When all values have been read,...
What is an asset-backed public offering?
Prove the following D,(cos x) = - sin x (Hint: Apply the identity cos(A + B) = cos A cos B sin A sin B)
Every Balance Sheet and Statement of Profit and Loss of a company shall comply with: A. US GAAP B. Indian Accounting Standard C. International Accounting Standard.
What are the legal provisions in India regarding over-all maximum managerial remuneration?
Following is the Profit and Loss Account of Azad Ltd. for the year ended 31st March, 2017: Additional information : Original cost of the Machinery sold was ~ 40,000. Depreciation on fixed assets as...
Monty Home Electronics Corp. completed the following merchandising transactions in the month of July 2024. At the beginning of July, Monty's ledger showed Cash $22,000; Accounts Receivable $9,900;...
The following represent different scenarios for Larkspur Company. Prior to any year-end adjusting entries, Larkspur Company had a balance in Accounts Receivable of $122,000. Credit sales during the...
K 7. Big Apple Electronics and Supply has the following transactions in July related to the purchase of merchandise inventory. View the transactions Journalize the purchase transactions for Big Apple...

Amount needed after 5 years for debenture redemption: 60,00,000. Rate of interest on investments expected: 5% Annual

Question:

Step by Step Answer:

To calculate the annual transfer to the sinking fund we need to de...View the full answer

Corporate Accounting

Students also viewed these Business questions