Business, 10.05.2021 22:30 Cjdjejfjiv8568
On January 1, 2018 , the Nixon Corporation purchased $500,000 par value 6% bonds that mature on December 31, 2021. The company has the positive intent and ability to hold the bonds until they mature. The market rate of interest was 8% when Nixon purchased the bonds. Nixon receives interest on the bonds semiannually each June 30 and December 31. What future cash inflows will Nixon receive on this investment? What is the purchase price of the bonds? Did purchase the bonds at a discount or premium? Prepare the journal entry to record the acquisition of the bonds. What future cash inflows will receive on this investment? The future cash inflows that Nixon will receive on investment is . What is the purchase price of the bonds? (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.. Round intermediary currency computations and your final answers to the nearest whole dollar.) The purchase price of the bonds is . Did purchase the bonds at a discount or premium? Nixon purchased the bonds at a of . Prepare the journal entry to record the acquisition of the bond investment. (Record debits first, then credits. Exclude explanations from any journal entries.)
Answers: 3
Business, 22.06.2019 02:00
On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)
Answers: 3
Business, 22.06.2019 12:40
Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?
Answers: 1
Business, 22.06.2019 15:40
Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.
Answers: 1
Business, 22.06.2019 17:00
Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?
Answers: 2
On January 1, 2018 , the Nixon Corporation purchased $500,000 par value 6% bonds that mature on De...
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Mathematics, 27.01.2021 05:40
Mathematics, 27.01.2021 05:40