Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 15, 2024

On September 1 20x1 a government issues 50 million of 10 year bonds at par. Interest payments of 1 million are due every 6 months

On September 1 20x1 a government issues 50 million of 10 year bonds at par. Interest payments of 1 million are due every 6 months starting on March 1 , 20x2

What amount of interest should tis government record in its 20x1 fund statements?

A .4 million

B 1 million

C 0

D 20 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Word Scramble For Auditors And Accounting Professionals Puzzle Book Vocabulary Brain Puzzle Adults And Teens

Authors: Drew Dream

1st Edition

B0B5KVD4CK, 979-8839167865

More Books

Students also viewed these Accounting questions

Question

★★★★★

One concept of a solar collector reduces the pressure of the air gap to a value low enough to eliminate free-convection effects. For the air space in Problem 7-96 determine the pressures to eliminate...

Answered: 1 week ago

Question

★★★★★

5. About income elasticity of demand and cross elasticity of demand, and how they can be applied.

Answered: 1 week ago

Question

★★★★★

=+The instructions that follow assume the use of MINITAB. If you are using a different software package or a graphing calculator, your instructor will provide alternative instructions.

Answered: 1 week ago

Question

★★★★★

Hatcher Village, which operates on the calendar year, issued a 5-year, 8%, $100,000 note to the Bank of Hatcher on January 5, 20X4. The proceeds of the note were recorded in a Capital Projects Fund....

Answered: 1 week ago

Question

★★★★★

On September 1 20x1 a government issues 50 million of 10 year bonds at par. Interest payments of 1 million are due every 6 months starting on March 1 , 20x2 What amount of interest should tis...

Answered: 1 week ago

Question

★★★★★

The yield to maturity on one-year zero-coupon bonds is 8.5%. The yield to maturity on two-year zero-coupon bonds is 9.5%. a. What is the forward rate of interest for the second year? (Do not round...

Answered: 1 week ago

Question

★★★★★

Beam 1 - Simply Supported with 3-point loads 0.25m RAT W W W3 0.2m 0.1m b d 0.5m 0.1m RAY REY Select values for the loads w1, W2 and w3 from the lowest 3 numbers in you student Therefore, the 3...

Answered: 1 week ago

Question

★★★★★

Explore the dismissal process in your organization with the view of determining whether or not this process in fair. Research topic: Managing Dismissal: A Review of the Dismissal Process in...

Answered: 1 week ago

Question

★★★★★

Monde Nissin needs your help! Read about the Lucky Me products recall due to the presence of ethylene oxide. What strategy would you make for the company? Discuss in not more than 20 sentences.

Answered: 1 week ago

Question

★★★★★

6. Permanent tooling is to be evaluated for an operation and product. Let the estimated unit savings in direct labor be $.20 for a part if tooling is used, burden on labor saved -35%, cost of each...

Answered: 1 week ago

Question

★★★★★

Consider a person you believe served as an excellent role model as a leader. This could be a friend, coach, teacher etc..or anyone else you know. Andrea the following What traits, skills, and...

Answered: 1 week ago

Question

★★★★★

8. Weigh the evidence and consider the burden of proof and the levels of proof. Be the arbitrator and support your decision. This matter of arbitration stems from an indictment of Thomas Allen for...

Answered: 1 week ago

Question

★★★★★

1. Explain the principle of nexus as it applies to off-duty misconduct. How does it apply in this case? This matter of arbitration stems from an indictment of Thomas Allen for one count of arson...

Answered: 1 week ago

Question

★★★★★

3. How much weight should be given to the following: a. Mr. Comos testimony that he did not make the decision to remove Allen b. Ms. Balks testimony that Mr. Allen has restored the burned cabin c....

Answered: 1 week ago

Previous Question Next Question