Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D Question 8 3 pts On January 1, 2019, Tonika Company issued a seven-year, $10,000, 6% bond. The interest is payable annually each December 31.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
D Question 8 3 pts On January 1, 2019, Tonika Company issued a seven-year, $10,000, 6% bond. The interest is payable annually each December 31. The bonds were issued at a 7% effective interest rate. Tonika uses the effective-interest amortization method. (Use excel or appropriate factor(s) from the tables provided.) The book value of the bonds as of December 31, 2019 is closest to: $8861 $9399 $9461 $9523 4/2/2020 table e1.jpg (1000x1195) TABLE E.1 Present Value of $1 Periods 1.0% 3.0% 0.96154 0.92456 0.95230 0.90703 29000 0.87344 0.99010 0.98030 097059 096093 0.96386 0.92902 544 085307 0.82270 0.79209 0.7290 0.98009 0.96117 09012 092335 0905 088797 087056 085349 089676 08.2005 0.97087 0.94260 091514 0.88849 261 0.83748 081309 0.78941 0.76642 0.14409 085480 092193 0.79031 0.95923 0.92013 OR . 081212 0.72901 0.74725 071679 0.68757 0.65954 080181 072283 074490 71797 0.69202 0.74622 71003 0157584 0.94205 092222 0.92343 091434 090529 Present Value of $1 Paris 067225 OSER 072069 070496 OSOS 052741 0501 055839 067556 0.61391 050835 3.0% 062265 052579 067509 548 255684 0.66701 0.64290 061956 0.59726 057568 055437 0.44230 050507 102 0.89612 0.88745 087866 0.86996 0.86135 0.85282 0.84638 033502 022774 0.81954 0.72977 0.74192 010426 0.78849 0.77303 0.75788 14.301 0.72845 071416 0.70016 06643 0.67297 0.6095 0.55207 072242 0.70138 0609 0.66112 054186 0.62317 0.00502 0.58739 0.57029 55368 0.47761 0.41199 064058 062460 060052 0.57748 055526 053391 051337 0.49353 0.4454 049639 0.37512 030832 56212 0.55839 053562 0.51379 0.49284 0.47275 0.43 0.43499 0.38782 25 033873 1652 0.29585 0251 051543 0.49 047839 029255 3705 2014 033651 0.31180 23300 0.17611 003630 41552 OST 3769 29530 023138 13 013137 13140 0.28589 Present Value of $1 Perlis 8.0% 10.0% 11.0% 12.0% 13.0% 16.09 15.0% 20.0 25.04 0.83333 0.92593 0.85734 0.93 0.88496 7315 069305 0.86957 075614 065752 057175 051200 0.90090 0.81162 0.73119 065873 059345 053456 57870 25 0.91743 0.84168 0.77218 0.70843 0.64993 059627 0.54703 050187 0.46043 0.42241 0.90909 082645 0.75131 068301 062092 056467 0.51316 046651 0.42410 038554 0.89286 0.79719 0.71178 063552 0.56743 50663 0.45235 0.40388 0.35061 0.32197 0.68058 0.63017 0.58349 0.54027 0.50025 0.66319 32798 026214 20972 0.87719 0.76941 06097 5208 0.51937 045559 029954 005056 0.30751 026974 0.0166 0. 39 0.27908 054275 GROEP 0.42506 0. 3616 0.33288 29459 043393 0.39092 0.35218 0.13422 0.28426 024718 19381 0.16151 Present Value of $1 Periods 8.0% 9.0% 10.0% 11.05 12.0% 15.0 2010 0.38753 0.4298 039711 0.36720 014046 0.31728 0.28584 0.25751 023199 0.20900 0.26070 23071 020416 0.23662 020756 0.18207 021494 100 0.16253 02 0.13459 0.11216 009346 0.12289 0.35049 031863 0.28966 02 0.23939 021763 19784 17986 0.16351 Q10364 009230 0.05731 15989 16150 0.12522 0.28743 25668 0.22917 0.20402 0.18270 16312 0.14554 13004 0.11611 0.10367 0.05882 QON 003513 00215 0022 0 29189 022022 0.25025 0.23171 0.21655 0.14602 0.09928 0.32618 0.225 0.27454 025187 0.23107 021199 0.19449 017841 0.11597 0.07537 09293 0.10010 012289 010780 009456 0.08295 007276 003729 0.01953 006491 GOD 004502 DO 0.03130 0. 00108 0.00421 0.16963 15282 0.13758 0.12001 0.07361 00410 0.09806 DO2022 0611 2014 001153 COST 000124 0.04710 0.0955 0000 001510 2.09 3 75 097087 0.96385 109237 191347 0.95923 18736 26198 360851 2. 31 TABLE E.2 Present Value of Annuity of $1 Periods 1.0 0.99010 197040 294099 390197 485343 5.79548 672819 765168 856602 9.47130 Present Value of Annuity of $1 Periods 1.0 0.98039 194156 2 BRA 30773 4.71346 5.60143 6.47199 732548 442073 232861 371710 45791 5.41719 623028 701969 7.78611 8.53020 448325 528507 6.05790 630230 75022 8.21279 2.77509 362990 445182 524214 6.00205 6.73274 7.43533 8.11090 0.95238 135941 272025 154595 43294 507569 578637 646.321 7 10782 7.72173 0.94340 133309 267301 346511 421236 4.91732 5.58238 6 20979 6.80169 7.35009 0.93458 1 802 26242 1720 410020 475654 53929 597130 65193 702358 5.96 6.66378 7.35135 8.01089 8.98259 2.0% 3.0% 3.75% 5.05 6.05 70% 8.75048 794269 8.35165 10.56312 1036763 11 2550 12.13374 13.00370 13.86505 1471787 15 56225 1639827 17.22601 18.04555 22.02316 25.80771 9.78685 10.57534 11.34837 12.10625 12.84926 13.57771 1429187 14.99203 15 67846 16.35143 19.52346 22.39646 9.95400 10,63496 1129607 11 90794 12.56110 12.16612 13.75351 1432380 1487747 1741315 19.60044 8.87979 9.52269 10.14235 10.73952 11.31530 11.87017 1240498 12.92046 13.41731 13.89620 16.04320 17.82925 11 65230 12.16567 12 65930 13.13394 13.59033 15 62209 17.29203 8.64354 9.25039 983251 10.39090 10.92652 11.44031 11.93315 12.40590 1259 13.29437 15.21734 16.77902 8.86325 9.39357 9.89864 10.37966 1083777 11 27407 1168959 1208532 1246221 1409394 15.37245 8.38384 5258 9.29090 9.71225 10.10590 10.47726 10.32260 1115812 1166992 12.78336 13.76483 10791 946665 9.76322 100 10.33960 10 59001 11.65358 1260904 Present Value of Annuity of $1 Periods 3.0% 100% 11.05 12.0% 13.0% 14.0% 15.05 20.0% 2 0.92593 1.78326 2.57710 331213 3.99271 4.62288 5.20637 S7684 .24689 6.71008 091743 175911 253129 323972 388965 448592 5.03295 S5342 599525 6.4176 090909 1.73554 248685 3.16987 3.79079 4.35526 486842 531493 5.79002 6.14457 090090 1.71252 244371 3.10245 3.69590 4.23054 4.71220 510612 553705 538923 0.89286 1 69005 2.40183 3.03735 3760478 4.11141 495376 4764 5.32825 5.65022 0.88096 1.66810 236115 297447 3.51723 399755 4.42261 4.1977 5.13166 5.42624 087719 154666 22163 291371 3.40308 388857 428830 463886 94637 521612 0.86857 162571 2.28323 285198 235216 3.78448 416042 083333 1.52778 2.10648 258873 299061 3.39551 3.60459 380716 403097 4 19247 195200 2 36160 2.68928 295142 316114 337891 3.46313 157050 9 6 4.77158 5. 01877 Present Value of Annuity of $1 Perles 10.ON 11.09 12.05 13.09 16.09 20.0 6 20652 6.4925 3.65640 3.72512 37010 30 325926 388741 7.13996 75108 7.90378 8 24424 8.59948 8.85137 9.12164 9.37189 960360 9.81815 1067478 1125778 6.80519 716073 743690 7.78615 8.06069 1256 8.54363 8.75563 8.95011 9.12855 902258 10.27365 6.49506 6,819 7.10306 73559 7.60608 782371 8.02155 8.20141 836492 8.51356 9.07704 9.42691 5.90770 6.1947 6.62355 6.62817 6.81086 6.92399 7.11963 7.24967 736578 7.46944 784314 8.05518 698187 7.19087 737916 754879 7.70162 789929 796333 8.42174 869379 568694 591765 6.12181 530249 6.46238 6038 6.72909 683991 693797 7.02475 712998 7.49565 5.45273 5.66029 5.84235 6.00207 6.14217 6 26506 6.37286 6.46742 6.55017 6.62313 6.87293 7.00266 5.23371 5.42062 5.58015 5.72448 5.84737 595423 6,04716 6.12797 6. 12 6.25933 6.6415 6.5459 4.32706 4922 451258 451057 467547 472956 477463 481219 484950 486958 494759 497894 390993 395338 3.98489 3.990S Future Value of $1 Perie 1.0% 2.0% 3.0 3.75% 4.0% 4.25% 5.0% 5.0% 100g 1.10250 115763 101000 102010 103030 104060 105101 1.06152 1 07214 1 0286 1.09369 1.10462 102000 1.04040 105121 1.08243 1.10409 1.12616 114869 1.1716 1.19509 121899 103000 106090 108273 1.12551 1.15927 11405 1.22987 126677 1.30477 1.3092 100750 107641 111677 15865 1 20210 1.24718 1 29395 134247 139281 140104 104000 108160 112486 1.169 1.21665 120532 131593 1857 142331 148024 104250 108681 113300 118115 123135 120368 133824 179511 1.45440 151621 106000 1.12360 1.19102 126248 33823 141852 150363 122628 34010 1.40710 147746 155133 107000 1.14490 122504 131000 1 40255 150073 160578 171819 183846 14715 168948 16889 Future Value of $1 Periods 1.0% 2.0% 30 3.755 4.25% SON 6.0% 7.0% 111567 1.12583 113009 1.14947 116097 1.17258 1.13430 1.19615 1.20811 122019 128243 134785 1 24337 1.26824 1.29351 13190 1.34587 1 17279 1.40024 142825 1.45681 1.48505 1 64061 181136 138423 1.42576 146853 1.51259 1.55797 1.60471 1.65285 170243 1.75351 180611 209378 2.42726 149923 1.55545 161378 1.67430 1.73709 1.80223 1 86981 190990 201268 208815 251017 301747 150945 1.60103 1 66507 1.73168 1.80094 1.87298 194790 202582 2.10685 219112 260584 3.24340 150065 1.64783 171786 1.79087 1.8669 1.94633 202905 2.11529 2.20519 2.29891 283075 171034 1.79585 1565 1.97993 207893 2.18287 220202 240662 2.52695 2.65330 3.38635 4.32194 19830 201220 213293 2.26090 239656 2 54035 269277 285694 3.02560 320714 429187 5.74349 210485 2.25219 200965 25753 2.75003 295216 3.15882 337990 3.61653 5.4273 761226 Future Value of $1 Periods 3.045 9.0% 10.0% 11.05 12.05 13.05 16. OS 15.0% 100% 25.0% 1. 10000 1.20000 1.25000 1.56250 1.95313 100000 1.16640 1.25971 136049 1.46933 1.58687 1712 185093 199900 2.1582 100000 1.18810 129503 141158 153862 167710 182804 199256 2.17189 2.36736 121000 1.33100 146410 161051 1.77156 1.94872 2.14359 235795 2.59374 1.11000 1.21210 1.36763 1.51807 1.68506 187041 2.07616 2.30454 2.55804 2.83942 1.12000 1.25440 1.40493 157352 1.76234 197382 221068 247596 277308 3.10585 1.13000 127690 1.44290 163047 184244 208195 23521 265844 3.00404 3.39457 1.14000 1 29950 1.48154 1 6896 1.92541 219497 250227 1.15000 132250 1.52088 1 74901 201136 2231306 266002 305902 3.51788 404556 1.72800 207360 2.48832 2598 35318 429982 5.19978 6 19174 305176 181470 4.76837 596046 7.45058 931323 3.25195 370722 Future Value of $1 Paris 80% 9.0% 100% 110 12.04 130 16 15.0% 20.0% 25.0% 258043 281266 206580 383586 433452 489801 481290 5.49241 233164 2.51817 271967 2.93719 217217 3.42594 2.70002 3.9602 3150 4.66096 6.84843 1006266 3.64248 397031 432763 471712 5.14166 5.60441 862308 13.26768 2.85312 3.13843 3.45227 2.29750 4.17725 4.59497 5.05447 555992 6.11591 6.72750 1061471 17.44940 315176 3.49845 388328 1044 4.78459 531689 589509 654355 726334 8.06231 13 58546 22 89230 3.47855 3.89598 436349 498711 5.47357 6.13039 6.86604 768997 861276 9.64629 17.00006 6 25427 706733 798608 902427 10.19742 11 52309 21 23054 39.11590 7.13794 813725 927646 10 52517 12.05569 13.74349 26.46192 5095016 4,65239 535025 6.15279 7,07571 8.13706 935762 10.76126 1237545 1423177 16.365654 32.91895 66.21177 7.43008 891610 1061932 12.83918 15.40702 18.48843 22.18611 2662033 31.90800 38.33760 95.39622 237,37631 11.54153 1455192 1818909 22.70737 28.42171 35 52714 4440082 55 51115 6938894 86.73617 264 69780 807.79357 Future Value of Annuity of $1 Periods 1.0% 2.0% 3.0% 4.0% 4.25% SON 100000 207000 3.21490 100000 201000 303010 406040 5 10101 6.15202 7.21354 8.28567 9.36853 10.46221 Future Value of Annuity of $1 100000 202000 306040 41261 5.2004 6.30812 7.43428 8.58297 9.75463 10.94972 1.00000 203000 30000 41843 530914 6.46841 7.66246 1.00000 203750 311391 4.23068 5.3933 6.59143 7.83861 2015 107 11.86784 100000 204000 112160 424645 5.41632 6.63298 7,89829 9.21423 1058280 12.00611 100000 200250 312931 426230 5.44145 6,67430 7.95848 9.29671 10.69182 12.16622 100000 205000 315250 431013 552563 6.80191 8.14201 9.54911 110256 1257709 100000 200.00 318360 4.37462 561709 6.97532 8.39384 9.89747 11.49132 13.18079 5.75074 7.15329 8,65402 10.25080 11.97799 13.81645 10.15911 Periods 3.0% 3.75% 4.0% 5.0% 6.0% 7.0% 11.56683 1260250 13.80933 14.94742 1609690 1725785 2.0% 12.16872 13.41209 1468033 15.97394 1729342 1863929 20 01207 21.41231 2284056 24.29737 32.03030 40.56808 12.80780 14.19203 15.61779 17.08632 18 51891 20.15688 21.76159 23.41444 25.11687 2687037 36.45926 47.57542 13.31288 14.81212 16.36757 17.98135 1965565 21.39274 23.19497 25.06478 27.00471 29.01739 40.27112 53.79924 13.48635 15.02581 16.6284 18.29191 2002359 21.82453 23.69751 25.64541 2767123 29.77808 41.64591 568494 15 24309 16.99092 18.60879 20.1966 22.26665 24 21298 26.24203 28.35732 30.56250 43.07648 58.63553 14. 20679 15.91713 1271298 19.59863 21.57856 23.65749 2584037 28.13238 30.53900 33.06595 47.72710 66485 14.97164 16 86994 189214 21.01507 23 27597 25.67253 28 21288 3090565 33.75999 36.78559 54 86451 79.05819 15.78360 17.88845 2016054 22.55049 25.12002 27.BRROS 30.84022 33.99903 3737896 40.99549 63.2404 9446079 19.61475 20 81090 22.01900 28 24320 3478489 Future Value of Annuity of $1 Periods 8.0% 11.0% 12.0% 13.0% 14.0% 15.0% 20.0% 25.0% 100000 100000 1 00000 208000 3.24640 450611 5.86660 7.33593 8.92280 1063063 12.48756 14.406 1.00000 2.00000 3.27810 4.57313 5.98471 752333 9.20043 1 102847 1302104 15.19293 100000 210000 331000 4.64100 6 10510 271561 9.48717 11.43589 135790 1590742 100000 2.11000 3.34210 4.70973 6.22780 7 91286 9 .78327 1 1.85943 14.16397 1672201 212000 3 37440 4.77933 6 35285 311519 10.08901 12.29969 1477566 17.54074 2.13000 340600 4.84980 6.48027 332221 10.40466 12.75726 15.41571 18.41925 100000 2.14000 3.43960 4.92114 6,61010 8.53552 10.73049 13.23276 16.08535 1933730 100000 1.00000 2 15000 220000 3.47250 364000 4.99337 5.36800 6.74238 7.44160 875374 992002 1 1066801291590 13.72682 16.49908 16.0584 2079090 2030372 2595858 1.00000 2.25000 3.81250 5.76563 8.20703 11.25879 15.07349 19.84186 25.80232 33.25290 Future Value of Annuity of $1 Periods 3.0% 10.0% 11.0% 12.0% 13.0% 16.0% 15.0% 20.0% 25.0% 1853117 21.38428 24.52271 27.97498 31.77243 1664549 18.97713 21.49530 24.21492 27.15211 30.32428 32.75023 1745024 41.44626 4576195 73.10594 113.28321 1756029 20.14072 22.95338 26.01919 29.6092 33.00340 3697370 41.30134 46.01846 51.16012 84.70000 136,30754 19.56143 22.71319 26.21164 30.09492 3440506 39.18995 4450084 50.39594 56.99949 6420283 11441331 199.02088 2065458 2413313 2802911 32.39260 37.27971 42.75328 48 88367 55.74971 35.94973 21.31432 2565018 29.98470 34.30271 40.41746 46.67173 5373906 61.72514 70.74941 8096683 155 61956 293.19922 2304452 27.27075 32.08855 37.58107 41 34241 50.98035 59. 11760 68.39407 78.96923 91.02493 181.87003 356.78585 2434928 29.00167 34.35192 40.50471 4750041 5571747 6507509 75 836 88.21181 102.44358 212.79302 434.74515 32.15042 4250613 3958050 54 20766 484900 68.75958 59. 19592 86.94947 7203511 100 68684 87.44213138.10855 10593056 17363568 128. 11667 218.04460 154.74000 273.55576 18668800 342.94470 471 98108105479118 1 181.88157 3227.17427 4054470 51.15909 57.27500 9814706 164.49402 2205244 1313137 241.33268

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions