Hawks News Inc. sells a monthly magazine called "The Hawk". Hawks News Inc. has chosen a December 31 fiscal year end and began operations in 2020. During the year ended December 31, 2020 Hawks News Inc. received customer subscription payments as follows:

Subscriptions for the period October 2020-September 2021 $ 3780

Subscriptions for the period November 2020-October 2021 $ 9780

Subscriptions for the period December 2020-November 2021 $ 12030

Hawks News Inc. delivered the magazine subscriptions for October, November and December. Calculate the amount of unearned subscriptions revenue at December 31, 2020. Round your answer to the nearest dollar.

Your Answer

Question 2 (2 points)

Hawks Delivery Inc. purchased a van to deliver goods. The vendor offered Hawks Delivery Inc. financing terms that required Hawks Delivery Inc. to make 4 equal payments of $ 28000 at the end of each year. The current interest rate for Hawks Delivery Inc. is 6 %.

How much would Hawks Delivery Inc. record as the initial purchase price of the van? Round your answer to the nearest dollar.

Your Answer:

Question 3 (1 point)

Bonds that the issuer can by back at the issuer's option are called

Question 3 options:

	Premium bonds
	Indentures
	Retractable bonds
	Redeemable bonds

Question 4 (3 points)

On January 1, year 1, ABC. Corp. issued bonds as follows:

Face value $330000

Stated (or coupon) annual rate of interest 5 % Coupon is paid once annually.

Market annual rate of interest 3 %

Term in years 10

How much did the bond sell for? Round your answer to the nearest dollar.

Your Answer: