subject
Business, 30.09.2019 19:30 logan541972

On january 1, 2016, tonika company issued a five-year, $10,000, 9% bond. the interest is payable annually each december 31. the issue price was $9,621 based on an 10% effective interest rate. tonika uses the effective-interest amortization method. the book value of the bonds as of december 31, 2016 is closest to:

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:10
If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?
Answers: 2
question
Business, 22.06.2019 12:50
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
question
Business, 22.06.2019 14:00
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
question
Business, 22.06.2019 17:30
Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $
Answers: 2
You know the right answer?
On january 1, 2016, tonika company issued a five-year, $10,000, 9% bond. the interest is payable ann...
Questions
question
Mathematics, 17.05.2021 02:10
question
Mathematics, 17.05.2021 02:10
question
Mathematics, 17.05.2021 02:10
question
Mathematics, 17.05.2021 02:10
question
Mathematics, 17.05.2021 02:10
Questions on the website: 13722360