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CP$8--$submit in Canvas

Your salary is $$1,100$ every week. Your employer provides health insurance which costs them $$300$ and costs you $$25$ every pay. Your average income tax rate is $10\%$ and you are subject to FICA taxes $(7\mathrm{.}65\%).$ What amount will be deposited into your bank account from your first pay? $$

$q,$

The corporation borrowed $$100,000$ at $9\%$ interest for $6$ months from the bank on August $1^{st},$ this year. They will pay off the borrowing and all interest when the note matures in $6$ months. When the accountant prepares their December ${31}^{st}$ balance sheet, at what amount will they report for interest payable? $$

The company borrowed $$500,000$ by signing a $5-$year $8\%$ note on January $1^{st}$ this year. The company will make principal payments of $$100,000$ each year plus accrued interest. On December ${31}^{st}$ of this year the company pays $$140,000($principal payment plus $$40,000$ in accrued interest$).$ After making the payment the accountant prepares their balance sheet, at what amount will be shown as a current liability for this borrowing? $$

The balance sheet shows the following: current assets: $$200,000$; total assets: $$800,000$; current liabilities: $$80,000$; total liabilities: $$350,000$; and stockholders' equity: $$450,000.$ What is the current ratio: $q,.-$

Identify all current liabilities from the list below:

$\backslash$table$[[$Accounts receivable,Deferred revenue$],[$Buildings$,$Short$-$term investments$],[$Inventory$,$Notes receivable due in $8$ months$],[$Accounts payable,Interest payable$],[$Furniture$,$Copyrigh

CP$9-$submit in Canvas

The company issues $12\%,10-$year bonds with a face amount of $$100,000$ with interest paid semi$-$annually. The market rate of interest is $11\mathrm{.}8\%.$

$\backslash$table$[[n,\%,$PVS$1,$PVA$],[10,11\mathrm{.}80\%,0\mathrm{.}32778,5\mathrm{.}69678],[10,12\mathrm{.}00\%,0\mathrm{.}32197,5\mathrm{.}65022],[20,5\mathrm{.}90\%,0\mathrm{.}31775,11\mathrm{.}56362],[20,6\mathrm{.}00\%,0\mathrm{.}31180,11\mathrm{.}46992]]$

ROUND ANSWERS TO NEAREST DOLLAR

What is the issue price of the bond? $ $$

What is the amount of the premium? $$

What is the interest expense for the first interest payment? $ $$

What is the bond liability after the first interest payment? $ $$

What is the interest expense for the second interest payment? $$

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