90.2K

Verified Solution

Link Copied!

If Bramble Company issues a $9.000, 5%, 120-day notes receivable on October 15, how much cash will it receive on the note's maturity date? Round your answer to the nearest dollar. Use commas. Do not use a dollar sign. Question 14 3 pts Satisfied, Inc. offers a 2-year warranty on its products. This year, Satisfied experienced the following financial data: Product Sales Revenue $8,000,000 Estimated Percent of Sales Dollars for Warranty Work Estimated Warranty Liability at the Beginning of the Year $300,000 Warranty Work Performed During the Year $305,000 Calculate the balance of the Estimated Warranty Liability account at the end of the year. Round your answer to the nearest dollar. Use commas. Do not use a dollarsign Question 15 3 pts Charleston, Inc. purchased machinery with a cost of $800,000. Charleston estimates that the machinery will last for 10 years and have a salvage value of $50,000. Calculate (rounding to the nearest dollar) the depreciation expense for this machinery in year 2 using the double declining balance method. Include commas. Do not include a dollar sign Question 16 3 pts Spearhead Company purchased equipment for $250,000 and incurred $25,000 in costs to assemble and install the equipment for use Spearhead anticipates the equipment to last 8 years and have a salvage value of $35,000. What is the book value of this equipment at the end of year 5 using the straight-line method of depreciation? Please use commas. Do not use a dollar sign. 3 pts Question 17 If Westside Corp. issues $5,000,000, 6%, 10 year bonds that pay interest semiannually and the market rate of interest is 8%, calculate the following cash flow components of the bond: on the maturity date of the bond (assuming all Westside will have to pay the bondholders interest payments have already been paid). Each interest payment that Westside makes will equal Round your answer to the nearest dollar. Use commas. Do not use a dollar sign

Answer & Explanation Solved by verified expert

See Answer