subject
Business, 06.10.2019 10:30 lukeperry

Xyz corporation issued $4,000,000 of 9%, ten-year convertible bonds on july 1, 2014 at 99 plus accrued interest. the bonds were dated april 1, 2014 with interest payable april 1 and october 1. bond discount is amortized semiannually on a straight-line basis. on april 1, 2015, $800,000 of these bonds were converted into 500 shares of $20 par value common stock. accrued interest was paid in cash at the time of conversion. what was the effective interest rate on the bonds when they were issued?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 12:30
Is not a primary concern when writing menu copy.
Answers: 1
question
Business, 22.06.2019 18:30
Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.
Answers: 3
question
Business, 22.06.2019 19:20
Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect
Answers: 2
question
Business, 22.06.2019 22:10
Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800
Answers: 1
You know the right answer?
Xyz corporation issued $4,000,000 of 9%, ten-year convertible bonds on july 1, 2014 at 99 plus accru...
Questions
question
Spanish, 07.10.2020 23:01
question
Mathematics, 07.10.2020 23:01
Questions on the website: 13722362