I'm having trouble with the following questions on this assignment

MGMT E-2600 Homework #7 Due: November 3, 2015 by 11:59pm EST ! ! Topic: Interest Accrual 1. Porters Inc. issued a 120-day note in the amount of $240,000 on 12/16/14 with an annual rate of 8%. What amount of interest has accrued as of 12/31/14? ! ! ! ! ! ! Topic: Bond Pricing 2. Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 4% coupon rate and interest is paid semiannually. The bonds were sold to yield 6%. ! ! ! ! ! Topic: Transaction Analysis - Accounts Payable 3. Electronics Incorporated (EI) purchased 120 computers from its supplier on credit at a cost of $400 per computer. The computers were purchased to be held for sale to customers. By the end of the month, EI had sold all 120 computers for $700 each. The store received payment for these computers but waited until the end of the month to settle its account payable with the supplier. Use the financial statement effects template below to record these transactions. ! Income Statement Balance Sheet Transaction Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues - Expen -ses = Purchase computers - = Sell computers = - = Record cost of goods sold ! ! ! ! ! ! ! ! ! ! ! = = - = Pay for computers = - = Net Incom e Topic: Understanding Credit Ratings and Financial Ratios 4. The table below shows financial ratios that S&P uses to assess risk for corporate debt. For each ratio, indicate whether financial risk increases or decreases when the ratio is higher. ! Ratio Increases / Decreases Return on equity (%) EBITDA interest coverage Operating income/Sales (%) Free operating cash flow/Total debt (%) Total debt/ equity (%) FFO/Total debt (%) EBIT interest coverage ! ! ! ! ! ! ! ! ! ! ! Long-term debt/ equity (%) Topic: Preparing Bond Amortization Table 5. Neel Industries recently issued $35 million of 12% coupon bonds, payable semiannually, which mature in 10 years. The bonds were sold for $33,071,761 to yield a 13% annual rate. Use the table below to show the amortization of the discount, interest expense, and the carrying amount of the bonds from issuance till the end of period 4. ! Interest Expense 0 1 2 3 4 Interest Paid Amortization Discount Bond Payable