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1. Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, annual pay bond that has a coupon rate of 7.98%.
1. Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, annual pay bond that has a coupon rate of 7.98%. If the yield to maturity for the bond is 8.44%, what will the price of the bond be?
2.
Category | Prior Year | Current Year |
Accounts payable | 3,114.00 | 5,958.00 |
Accounts receivable | 6,956.00 | 9,080.00 |
Accruals | 5,624.00 | 6,127.00 |
Additional paid in capital | 20,451.00 | 13,412.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,293.00 | 18,157.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 964.00 | 991.00 |
Interest expense | 1,278.00 | 1,143.00 |
Inventories | 3,096.00 | 6,731.00 |
Long-term debt | 16,611.00 | 22,172.00 |
Net fixed assets | 75,447.00 | 73,952.00 |
Notes payable | 4,013.00 | 6,597.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,774.00 | 34,731.00 |
Sales | 46,360 | 45,358.00 |
Taxes | 350 | 920 |
What is the firm's net income in the current year?
3.
Category | Prior Year | Current Year |
Accounts payable | 3,114.00 | 5,958.00 |
Accounts receivable | 6,956.00 | 9,080.00 |
Accruals | 5,624.00 | 6,127.00 |
Additional paid in capital | 20,451.00 | 13,412.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,293.00 | 18,157.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 964.00 | 991.00 |
Interest expense | 1,278.00 | 1,143.00 |
Inventories | 3,096.00 | 6,731.00 |
Long-term debt | 16,611.00 | 22,172.00 |
Net fixed assets | 75,447.00 | 73,952.00 |
Notes payable | 4,013.00 | 6,597.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,774.00 | 34,731.00 |
Sales | 46,360 | 45,358.00 |
Taxes | 350 | 920 |
What is the firm's cash flow from operations?
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