Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer 1-5 chapter 8-10 in class assignment-su

answer 1-5 Chapter 8-10 in class assignment-submitted in Canvas n PV$1...

70.2K

Verified Solution

Question

Accounting

answer 1-5
image
Chapter 8-10 in class assignment-submitted in Canvas n PV$1 FV$1 PVA FVA 6 4.5% 0.76790 1.30226 5.15787 6.7169 72 0.375% 0.76377 1.30930 62.99598 82.4808 1. You want to have $35,000 at the end of 6 years to buy a new car. How much should you save each month to achieve your goal if you can earn 4.5%? $ _(round to nearest dollar) n 10 For 2-3 use the following: The company issues 9% 5-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 9.2%. Round to nearest dollar % PV PVA 4.50% 0.64393 7.9127 10 4.60% 0.63780 7.8740 2. What is the issue price of the bond? $ 3. What is the bond liability after the first interest payment? $ For 4 - 5 use the following Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100) $1,000,000 Common stock (par $0.01) 1,500 Additional Paid in capital 2.128,500 Total paid in capital 3,130,000 Retained earnings 445,000 Treasury stock (10,000 common shares) (190,000) Total stockholders' equity $3.385.000 4. Assume that the company sold 6,000 shares of its treasury stock for $20.00 per share. How much would additional paid in capital change? $ 5. How many shares of Common stock would be outstanding after the

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students