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help with both Fiesta Corp purchases a $500,000 face value bond which matures in two years. The coupon rate is 6% and the market rate
help with both Fiesta Corp purchases a $500,000 face value bond which matures in two years. The coupon rate is 6% and the market rate is 7%. How much premium or discount will be amortized in the first year? Select one: O a. $9,039.40 O b$4,367.24 Oc. $34,36724 O d. $30,000.00 A fire destroyed the inventory of Mantis Company in June. Reconstructed data follows: Gross margin as a percentage of sales 40% Sales to date of fire 460,000 Gross purchases to date of fire 280,000 Purchase returns and allowances to date of fire 8,000 Freight-in 4,000 Sales returns 10,000 Beginning inventory 28,000 What was the cost of the inventory lost in the fire? Select one: a $34,000 Ob $50,000 O c. $30,000 O d. $26,000
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