QUESTION 13 1. New England Corp. issued $720,000 of its 7-year bonds with a 5% coupon rate. Interest is paid semiannually, and the bonds were sold to yield 10%. What proceeds does the company receive from its investors? QUESTION 14 Merrimack, Inc. uses the FIFO inventory method and had the following inventory in fiscal 2019: Beginning Inventory, January 1, 2019: 130 units @ $17.00 Purchase 200 units @ $18.00 Purchase 44 units @ $14.5 Purchase 138 units @ $15.5 Ending Inventory, December 31, 2019: 103 units The company's cost of goods sold for fiscal 2019 is: (Round your answer to zero decimal places and omit the "$" sign. For example, if your answer is $1,000.2, type in "1000") 4 points QUESTION 15 A firm should write off uncollectible accounts as soon as the firm estimates them, because this is the way the firm can resolve all the uncertainty. True False 4 points QUESTION 16 CVS and Walgreens released the following financial statement information: CVS Walgreens (in thousands) 2019 in millions) 2019 Year-end accounts payable $ 1.242 Year-end accounts payable S 203.872 Average accounts payable 1.193 Average accounts payable 190.373 Sales 16,148 Sales 3.305,802 Cost of goods sold 9.855 Cost of goods sold 2,191.803 Which of the two companies listed above is leaning on the trade more? CVS because its accounts payable turnover is higher and its accounts payable days outstanding is lower. Walgreens because its accounts payable turnover is lower and its accounts payable days outstanding is higher Walgreens because its accounts payable turnover is higher and its accounts payable days outstanding is lower. CVS because its accounts payable turnover is lower and its accounts payable days outstanding is higher