subject
Business, 04.04.2020 11:52 janetshirinyan

Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and December 31 at an annual rate of 12%. The bonds were priced to yield an effective rate of 10%.a. What were the proceeds received by Chico upon the sale of the bonds?
b. Prepare the entry made by Chico to record the sale of the bonds on December 31, 2015.
c. What is the total amount of interest payments to be made by Chico over the life of the bonds?
d. What is the total amount of interest expense that Chico will record over the life of the bonds?
e. What will be the net book value of the bonds at December 31, 2019, after the company makes the eighth semiannual cash interest payment?
f. Prepare the entry to record the ninth semiannual payment on June 30, 2020.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:40
Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.
Answers: 3
question
Business, 22.06.2019 15:00
Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?
Answers: 1
question
Business, 22.06.2019 19:10
Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production
Answers: 2
question
Business, 22.06.2019 21:00
You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank
Answers: 3
You know the right answer?
Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and D...
Questions
Questions on the website: 13722361