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Bonds and Notes Payable: Calculations, Interest, Premium, Discount, and Maturity Concepts

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Finance - Personal Finance

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charlotte1oxhi Created by 10 mon ago

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Cards in this deck(30)
A company must repay the bank $25,000 cash in 2 years for a loan with 8% interest compounded annually. How much cash did the company receive from the bank on the day they borrowed this money? Round your answer to the closest dollar.
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A company borrowed $300,000 cash from the bank by signing a four-year, 10% installment note. Monthly payments are required. How much is each monthly payment? Round your answer to the nearest dollar.
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When an issuer sells a bond at a date other than the interest payment date, what does the buyer normally pay?
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What type of bonds have an option exercisable by the issuer to retire them at a stated dollar amount prior to maturity?
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What type of bonds have specific assets of the issuing company pledged as collateral?
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A bond sells at a premium when the contract rate is _____ the market rate.
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A bond sells at a discount when the contract rate is _____ the market rate.
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A company issues 7%, 30-year bonds with a par value of $3,000,000. The current market rate is 6%. How much interest is owed to the bondholders for each semi-annual interest payment? Show your answer as a whole number.
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What type of account is a discount on bonds payable?
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What type of account is a premium on bonds payable?
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Xavier, Inc. issued 20-year, 7% bonds with a par value of $500,000. Interest is paid semi-annually. The market rate on the issue date was less than 7%. What must Xavier, Inc. pay at maturity?
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Which activities are included in the Statement of Cash Flows?
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Which items are typically included in Operating Activities?
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Which items are typically included in Investing Activities?
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Which items are typically included in Financing Activities?
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What costs are incurred as part of the manufacturing process?
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What does it mean to classify costs by behavior?
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What are Fixed Costs?
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What are Variable Costs?
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What are Product Costs?
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What are Period Costs?
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What is Cost-Volume-Profit Analysis (CVP)?
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What is the Margin of Safety?
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How may the Margin of Safety be expressed?
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What does the Contribution Margin per Unit determine?
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What is Least Squares Regression used for in cost accounting?
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What does the Vertical Axis represent in cost analysis?
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What does the Horizontal Axis represent in cost analysis?
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What is the Break-even Point?
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What is the order in which the Master Budget components are completed?
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