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Frenza Bond Carrying Value: January 1, Year 1: $105,600 ...

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Accounting

Frenza Bond Carrying Value:
January 1, Year 1: $105,600
June 30, Year 1: $108,000
December 31, Year 1: $110,400
June 30, Year 2: $112,800
December 31, Year 2: $115,200
June 30, Year 3: $117,600
December 31, Year 3: $120,000
Cash & Inventory for Competing Companies:
Frenza:
Cash: $66,000
Inventory: $36,000
Lika:
Cash: $38,400
Inventory: $50,400
Nelo:
Cash: $21,600
Inventory: $84,000
Market Rate for Company Bonds:
Frenza: 9%
Lika: 7%
Nelo: 4%
Net Income:
Frenza: $120,000
Lika: $228,000
Nelo: $102,000
Total Equity:
Frenza: $4,800,000
Lika: $6,360,000
Nelo: $3,300,000
The founder of Frenza asks for assistance in accounting and analyzing her corporation's bonds, which have an annual contract rate of 8%.
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