1. Raines Umbrella Corp. issued 12-year bonds two years ago with a coupon rate of 8.6 percent. A bond dealer quotes the price to you as 97. You want to buy a bond with a face value of $1,000. What is the yield to maturity for this bond

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.