A company with working capital of $800,000 and a current ratio of 2 pays a $131,000 short-term liability. The amount of
Posted: Sun Jun 05, 2022 7:34 pm
- A Company With Working Capital Of 800 000 And A Current Ratio Of 2 Pays A 131 000 Short Term Liability The Amount Of 1 (9.42 KiB) Viewed 50 times
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The Levi Company issued $72,000 of 9% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on June 30 and December 31. The bonds are dated January 1, and mature in five years, on January 1. Determine the total interest expense related to these bonds for the current year ending on December 31 is a. 56,480 b. 5540 Oc. $1,240 Cd. 54,860
The present value of $74,000 to be received in two years, at 12% compounded annually, is Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0.94340 0.93458 0.90909 0.89286 0.95238 0.90703 0.89000 2 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 9 0.64461 0.59190 0,54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197 a. $58,992 b. $64,635 Oc. $65,860 d. $61,157 (rounded to nearest dollar). Use the following table, if needed.