Entries by mary WAMBUGU

In this final week, we have one problem using the effective interest rate method. In order to use this, we need to calculate time value of money. There are three ways to go about this:

September 15, 2019 in /by

In this final week, we have one problem using the effective interest rate method. In order to use this, we need to calculate time value of money. There are three ways to go about this: 1. Use a table that is an appendix in most accounting books and is easily found by  conducting an Internet search for […]

 

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District Water Company issued 10-year bonds with a face value of $100,000 and a stated interest rate of 7.0%.

September 15, 2019 in /by

 District Water Company issued 10-year bonds with a face value of $100,000 and a stated interest rate of 7.0%.   The bonds are dated April 1, 2016, and call for semiannual interest payments on each April 1 and October 1.   Due to market fluctuations, the bonds actually sold to yield 10.0% per year.   INSTRUCTIONS:   1.  Compute […]

 

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If a taxpayer in the 28% tax bracket has the opportunity to invest in a taxable corporate bond that pays 6% interest or to invest in a tax-exempt municipal bond that pays 3.5% interest

September 15, 2019 in /by

1) If a taxpayer in the 28% tax bracket has the opportunity to invest in a taxable corporate bond that pays 6% interest or to invest in a tax-exempt municipal bond that pays 3.5% interest (assuming that all other elements of the two bonds, e.g., risk, are equal and that taxable interest would not put […]

 

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On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock

September 15, 2019 in /by

On December 31, 2015, Alpha  Corporation has outstanding 1,000 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2014 and 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of […]

 

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