Kirner Electric Corp. sells $100,000 of bonds to private investors. The bonds have an 8% coupon rate and interest is paid semiannually. The bonds were sold to yield 9%. What periodic interest payment does Kirner make?

At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $20,000 and the allowance for uncollectible accounts is estimated at 15% of gross receivables?

Savannah Inc. has 35,000 common shares issued at a $1.50 par value of which 22,000 are outstanding. If Savannah has no other outstanding stock, what size dividend must be paid such that each share receives $2?

Cisco Inc. reported the following in its income statement for the year ended July 31, 2010: Basic earnings per share of $1.36 and diluted earnings per share of $1.33. 5,732 million weighted average shares were outstanding during the year. What approximate net income, did the company report for 2010? Selected Answer: B. $7,796 million Correct Answer: B. $7,796 million