Question
I need help with the following questions: A company issued 6-year, 8% bonds with a par value of $150,000. The market rate when the bonds
I need help with the following questions:
A company must repay the bank a single payment of $25,000 cash in 2 years for a loan it entered into. The loan is at 8% interest compounded annually. The present value factor for 2 years at 8% is 0.8573. The present value of the loan is: |
$25,000.$23,000.$29,000.$21,433.$21,000.
Use the following information and the indirect method to calculate the net cash provided or used by operating activities: |
Net income | $ 13,400 |
Depreciation expense | 13,100 |
Payment on mortgage payable | 16,100 |
Gain on sale of land | 7,200 |
Increase in merchandise inventory | 3,150 |
Increase in accounts payable | 7,250 |
Proceeds from sale of land | 8,550 |
$30,600.$15,850.$14,850.$37,800.$23,400.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started