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103.Sketel Company issued $100,000 six-year bonds on January 1, 2019. The coupon rate for these bonds is 4% and the market rate on the date
103.Sketel Company issued $100,000 six-year bonds on January 1, 2019. The coupon rate for these bonds is 4% and the market rate on the date of issuance was 3%. Assuming Sketel pays interest on the bonds annually, what is the total interest expense over the life of the bonds? a. $18,582.81 b. $76,000.00 c. $21,668.77 d. $24,000.00 the calendar year 2019, Palmer Inc. had the following items that affected the accounts receivable account: $6,500,000 of credit sales, $250,000 in write-offs, and $5,000 of recoveries. The beginning and ending accounts receivable balances reported on the financial statements were $2,600,000 and $3,200,000, respectively. How much cash did Palmer collect from credit customers in 2019? a. $6,145,000 b. $5,655,000 c. $6,855,000 d. $5,905,000
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