Hello please provide the correct response with an explanation. Please and thank you!

Question #12

If the market rate of interest is 6%, the issue price of 6% bonds paying interest semiannually with a face value of $100,000 will be

Greater than or less than $100,000, depending on the maturity date of the bonds

Incorrect.

Greater than $100,000

Less than $100,000

Equal to $100,000

Question #14

Hot Shot Delivery Inc. provides the following year end data:

2018 2017

Cash $65,000 $38,000

Accounts Receivable 60,000 39,000

Merchandise Inventory 66,000 26,000

Property, Plant & Equip 219,000 154,000

Total Assets 410,000 257,000

Sales Revenue $530,000

Cost of Goods Sold 180,000

Interest Expense 30,000

Net Income 112,000

Calculate the rate of return on total assets for 2018.

55.3%

52.5% Incorrect.

42.6%

27.3%

Question #15

Based on the following data for the current year, what is the accounts receivable turnover?

Net sales on account during year

$400,000

Cost of merchandise sold during year

300,000

Accounts receivable, beginning of year

45,000

Accounts receivable, end of year

35,000

Inventory, beginning of year

90,000

Inventory, end of year

110,000

11.4

10.0

8.9

4.0: Incorrect.

Question #17

Based on the following data for the current year, what is the number of days' sales in accounts receivable?

Net sales on account during year

$584,000

Cost of merchandise sold during year

300,000

Accounts receivable, beginning of year

45,000

Accounts receivable, end of year

35,000

Inventory, beginning of year

90,000

Inventory, end of year

110,000

5.8: Incorrect.

25

11.4

22.5

Question #20

Lone Start Golf, Inc. provides the following information for 2018.

Net Income $380,000

Market price per share of Common Stock $60 per share

Dividends paid to Common Stock holders $180,000

Common Stock outstanding at Jan. 1 2018 170,000 shares

Common Stock outstanding at Dec. 31 2018 220,000 shares

There is no preferred stock outstanding. Calculate the earnings per share for 2018.

$1.22 per share

$1.03 per share: Incorrect.

$1.51 per share

$1.95 per share