1.Xonic Corporation issued $8 million of 10-year, 12 percent bonds on April 1, 2018, at...
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1.Xonic Corporation issued $8 million of 10-year, 12 percent bonds on April 1, 2018, at 112.5 to yield 10 percent. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2028. Xonics fiscal year ends on March 31. What is the interest expense for the year ended March 31, 2019? Please round your answer to the nearest dollar.
2.Xonic Corporation issued $8 million of 10-year, 12 percent bonds on April 1, 2018, at 112.5 to yield 10 percent. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2028. Xonics fiscal year ends on March 31. What is net book value reported on the balance sheet on March 31, 2019? Please round your answer to the nearest dollar.
3.Mellilo Corporation issued $5 million of 10-year, 8.5 percent bonds on January 1, 2018 at 90.5 to yield 10 percent. Interest is due on June 30 and December 31 each year, and all of the bonds in the issue mature on December 31, 2028. Mellilo's fiscal year ends on December 31. What is the amount of interest expense reported in 2018? Please round your answer to the nearest dollar.
4.Mellilo Corporation issued $5 million of 10-year, 8.5 percent bonds on January 1, 2018 at 90.5 to yield 10 percent. Interest is due on June 30 and December 31 each year, and all of the bonds in the issue mature on December 31, 2028. Mellilo's fiscal year ends on December 31. What is the amount reported on the balance sheet on December 31, 2018? Please round your answer to the nearest dollar.
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