Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

S14A-14 please show your work S14A-14 (similar to Quesfion Help On December 31, 2018, when the market interest rate is 12 % , Lee Realty

S14A-14 please show your work image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
S14A-14 (similar to Quesfion Help On December 31, 2018, when the market interest rate is 12 % , Lee Realty issues $400,000 of 9.25% , 10- year bonds payable. The bonds pay interest semiannually, Determine the present value of the bonds at issuance, (Round all currency amounts to the nearest whole dollar.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) issu ance amounts to $ The present value of the bonds at Enter any number in the edit fields and then click Check Answer Check Answer All parts showing Clear All Present Value of $1 18% Periods 3% . 4% 5% 6% 7% 9% 10% 12% 14% 15% 1% 2% 18% 20% 0.971 0.943 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0893 0.877 0.870 0.862 0.990 0.980 0.847 0.833 0.890 0.840 0.857 0.842 0.826 0.769 0.980 0.873 0.797 0.756 2 0.961 0.907 0.925 0.889 0.864 0.743 0.718 0.694 0.658 0.942 0.924 0816 0.794 0.772 0.751 0.712 0.675 0.641 3 0.971 0.915 0.609 0.579 0.683 0.792 0.735 0.708 0.636 0.592 0.572 0.552 0.516 0.482 0.961 0.888 0.855 0.823 0.763 4 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 5 0.951 0.906 0.863 0.822 0.666 0.623 0.582 0.507 0.456 0.432 0.410 0.370 0.314 0.335 0.790 0.746 0.705 0.630 0.596 0.564 0.942 0.888 0.837 0.452 0.400 0.376 0.354 0.279 0.813 0.760 0711 0.665 0.583 0.547 0.513 0.933 0.871 0.305 0.327 0.266 0.233 0.467 0.404 0.351 0.923 0.789 0.731 0.677 0.627 0.540 0502 0.853 0.284 0263 0.225 0.194 0.645 0.460 0.422 0.424 0.361 0.308 0.766 0.703 0.592 0.544 0.500 0.463 0.914 0.837 0.191 0.162 0.270 0.247 0.227 0.386 0.322 0.820 0.744 0.676 0.614 0.558 0.508 10 0.905 0.195 0.162 0.137 0.135 0.287 0.237 0.208 0.215 0.388 0.350 0.722 0.650 0.585 0.527 0.475 0.429 11 0.896 0.804 0.112 0.093 0.187 0.168 0.145 0.257 0.397 0.356 0.319 0.701 0.625 0.557 0.497 0.444 12 0.887 0.788 0.116 0.182 0.163 0.368 0.290 0.229 0.469 0.415 0.326 0.681 0.601 0.530 0.879 0.773 0.125 0.099 0.078 0.065 0.160 0.141 0.263 0.205 0.505 0.442 0.388 0.340 0.299 0.758 0.661 0.577 0.870 14 0.123 0.108 0.084 0.183 0.140 0.275 0.239 0.417 0.362 0.315 0.642 0.555 0.481 15 0.861 0.743 0071 0.054 0.107 0.093 0.292 0.252 0.218 0.163 0.123 0.339 0.317 0.458 0.394 0.623 0.605 0.534 0.853 0.728 0.080 0.060 0045 0.146 0.108 0.093 0.198 0270 0.231 0.436 0.371 0.513 0.844 0.714 0.038 0.031 0.051 0.095 0081 0.069 0.212 0.180 0.130 0.296 0.250 0416 0.350 0.494 0.836 0.700 0.587 0060 0.043 0.116 0083 0.070 0.194 0.164 0.277 0.232 0.396 0.331 0.475 0.686 0.570 0828 0.026 0.051 0.037 0.104 0073 0.061 0.178 0.149 0.258 0.215 0.312 0.456 0.377 0.673 0.554 20 0.820 0.031 0022 0.053 0.044 0.135 0.093 0.064 0.199 0.164 0.294 0.242 0.359 0439 0.660 0.538 21 0.811 0.018 0.038 0.026 0.046 0.123 0.083 0.056 0.049 0.184 0.150 0.138 0.226 0.342 0.278 0.422 0.647 0.522 0.803 22 0.015 0.112 0.074 0.102 0.066 0043 0.092 0.059 0.033 0.022 0.040 0.170 0.211 0.252 0.406 0.326 0.507 0.795 0.634 0.013 0.028 0.019 0.016 0.035 0.158 0.146 0.12 0.197 0.247 0.310 0.492 0.390 0.788 0.622 24 0010 0.024 0038 0.030 0.116 0.184 0.233 0.295 0.375 0.610 0478 25 0.780 0.014 0.009 0.011 0.007 0010 0.021 0.033 0026 0.084 0.053 0.135 0.106 0.172 0.220 0.281 0.361 0.772 0.598 0.464 25 0.023 0.020 0017 0.015 0.018 0.098 0076 0.090 0.069 0.029 0.047 0.161 0.125 0.207 0.196 0.268 0.347 0.586 0.450 0.764 0.006 0.016 0026 0.042 0.116 0.150 0.255 0.333 0.574 0.437 0.757 0.008 0.005 0.007 0.004 0.014 0.012 0.022 0.037 0.082 0.075 0.063 0.107 0.141 0.185 0.321 0.308 0.243 0424 0.749 0.563 0.020 0.033 0.057 0.099 0.131 0.174 0.231 0412 0.742 0.552 0.001 0.001 0.003 0.004 0.005 0011 0.032 0.022 0.046 0.067 0.097 0.208 0.142 0 307 0.672 0.453 40 0.001 0.001 0.001 0.003 0.013 0.009 0.034 0.021 0.054 0.141 0.087 0.228 0.372 0608 50 Done Print 6789 7888 883 N 8 S 8 Future Value of $1 Periods 1% 2% 3% 5% 4% 6% 7% % 9% 10% 12% 1.010 14% 1.020 15% 1.030 1,040 1.082 1.050 1.060 1.124 1.191 1.262 1.338 1.070 1.145 1.080 1.166 1.090 1.188 1.100 1210 1.331 1464 1.611 2 1.120 1.140 1.300 1.020 1.040 1.061 1.082 1.150 1.061 1.093 1.126 1,103 1.254 1.030 1.323 1.521 1.749 2011 1.125 1.158 1216 1.225 1.260 1.295 1.405 1.574 1.762 1,482 1.041 1.170 1,217 1.311 1360 1.412 1,689 1,051 1.104 1.159 1276 1.403 1469 1.539 1.925 6 1.062 1.126 1.194 1265 1340 1.419 1.504 1.501 1,587 1.677 1.772 1.949 1.974 2.211 2476 2.195 2.502 2.853 3.252 3.707 2.313 2.660 3.059 3.518 4.046 7 1.072 1.149 1.172 1.230 1316 1.369 1.407 1.477 1.606 1714 1828 8 1.083 1,267 1.594 1.718 1.838 1.967 1851 1.993 2.144 9 1.094 1.195 1.305 1.344 1.423 1.551 1.689 1.999 2.159 2.172 2.367 2.358 2594 2773 10 1.105 1.219 1.480 1.629 1.791 3.106 11 1.116 1.243 1.384 1.426 1539 1.710 1.898 2.105 2.332 2.518 2.580 2.853 3.479 4.226 4.652 12 1.127 1.138 1.268 1.601 1.796 2.012 2.252 2.813 3.138 3.896 4.363 4.887 5.474 4818 5 350 13 1.294 1.469 1.665 1.732 1.801 1.886 2.133 2410 2579 2.720 3.066 3.452 5.492 6.153 7.076 8.137 14 1.149 1.319 1.346 1.513 1980 2.079 2.261 2.937 3.172 3.342 3.642 3.798 4.177 6.261 7.138 15 1.161 1.558 2.397 2.759 16 17 18 19 1.173 1.373 1.605 1.873 2.183 2540 2.952 3.426 3.700 3.996 3.970 4.595 5.054 5.560 6.130 8.137 9.358 10.76 12.38 14.23 1.184 1.400 1.653 1.948 2.292 2.693 3.159 4.328 4.717 5.142 6.866 7,690 8.613 9.276 1.196 1.428 1.702 1.754 2.026 2.107 2.407 3.380 3.617 2854 10.58 12.06 1.208 1,457 3.026 3.207 2.527 4.316 6.116 1806 2.191 20 1.220 1.486 2.653 3.870 4.661 5.604 6.727 9.646 13.74 16.37 21 1.232 1.516 1.860 2.279 2.786 3.400 4.141 5.034 10.80 12.10 6.109 6659 7.400 8.140 8954 15.67 17.86 18.82 2.925 3.604 3.072 3.820 22 23 4.430 1.245 1.546 1.916 2.370 5.437 21.64 24.89 1.257 4.741 5.871 1.577 1.974 2.465 7.258 13.55 20.36 24 1.270 1.608 2.033 2.563 3.225 4.049 5.072 6.341 7.911 9850 15.18 17.00 23.21 26.46 28.63 32.92 1282 4.292 25 1.641 2.094 2.666 3.386 5.427 6.848 8.623 10.83 30 37.86 34.39 4354 26 1.295 1,673 1.707 2.157 2 221 2.288 2.772 3.556 3.733 3.920 4.549 5.807 7.396 9.399 11.92 19.04 27 10.25 13.11 21.32 2.883 4822 6.214 7.988 1.308 50.07 6.649 8.627 11.17 14.42 23.88 39.20 28 1.321 2.999 5.112 1.741 44.69 57.58 66.21 7.114 7.612 9317 10.06 1217 15.86 26.75 4.116 4.322 5418 29 1.335 1.776 2.357 3.119 50.95 13.27 17.45 29.96 3.243 5.743 30 1.348 1,811 2.427 188.9 267 9 45.26 93.05 21.72 31.41 7.040 10.29 14.97 40 1.489 2.208 3.262 4.801 700.2 1084 289.0 1174 1.645 2.692 29.46 46.90 74.36 4.384 7.107 11.47 18.42 50 Done. Print N34 Proeont Value of Ordinary Annuity of $1 Periods 1% 2% 3% . 4% 5% S% 0 926 6% 7% 10% 12% 14% 15% 0870 1.625 2283 10% 20% 18% 0.990 1,970 1 0.980 0.971 0.962 0.952 0.943 0.935 1.808 0 909 0917 1.759 0.893 1690 2402 0.877 0.862 0.847 0.833 1.528 2.106 2589 2.991 1942 1913 1886 1.859 1833 1.783 1.736 1647 1.605 2.246 2798 3 274 1566 3 2.829 2941 2884 2.775 2.723 2673 2624 2577 3.312 2.531 2.487 3.170 3.791 2322 2.174 4 3.902 3.808 3.717 3.630 3546 3.465 3.387 4.100 3.240 3.890 3.037 2914 2855 2690 4853 4.713 4580 4.452 4,329 4212 3.993 3.605 3433 3.352 3.127 5.795 6.728 6 5,601 5.417 5242 5.076 4.917 5.582 4.623 4.767 4.486 5,033 4.355 4.111 3.889 3784 4.160 4487 4772 5019 3685 3.498 3.812 4.078 3.326 7 6472 6.230 6.002 5.786 6463 5.389 5.971 5.206 5.747 6.247 4.868 4.564 4.288 4.039 3.605 7 652 7.325 7.020 6.733 7.435 8.111 6.210 5535 5.335 4.968 4.639 4.344 3.837 4.031 4.192 8.566 8.162 8.983 7.786 8.530 7.108 6.802 7.360 6.515 5.995 6418 5.759 6.145 5328 4.946 4.607 4303 10 9.471 7.722 7.024 6.710 5650 5216 4.833 4494 10.368 9.787 9.253 11 8.760 9.385 8.306 7.887 8.863 8.384 7499 7.139 7536 7.904 6.805 7.161 7.487 6495 6814 5.938 6.194 5.453 5660 5.234 5029 4.656 4.793 4.327 12 11.255 10.575 9.954 13 7.943 8.358 5.197 5.342 5.724 5468 5.421 4439 12.134 11.348 10.635 9.986 13.004 12.106 11.296 10.563 15 9.394 8.853 9.295 9.712 7.103 6.424 5.842 5583 4.910 4533 5.008 14 9.899 8.745 8.244 7.786 7.367 6.628 6.811 6.002 6.142 4.611 13.855 12.849 11.938 11.118| 10.380 9.108 8.559 8.061 7.606 4.675 5.847 5.575 5.092 14.718 13.578 12.561 11.652 10.838 10.106 9447 15.562 14.292 13.166 12.166 11.274 10.477 9.763 18 16 8.851 9.122 9.372 8.313 8.544 6.974 8.022 7.120 8.201 250 8.365 7.824 6.265 6.373 6.467 5.669 5749 5818 6.198 5877 5.954 6.047 5.162 4.730 4775 17 5 222 16.398 14.992 13.754 12.659 11.690 10.828 10.059 17.226 15.678 14324 13.134 | 12085 11.158 10.336 18.046 16.351 14.877 13.590 12.462 11.470 10.594 8.756 8 950 6.128 5.273 4.812 5.316 4.844 19 9.604 7.356 6 550 9.818 9.129 20 8.514 7.469 6.623 6.259 5.929 5.353 4.870 18.857 17.011 15415 14.029 12.821 11.764 10.836 10.017 9292 7.562 6.687 6.312 5973 8.649 4.891 4.909 21 5.384 5410 5432 4.925 19.660 17658 15.937 14.451 13.163 12.042 11.061 22 8.772 10.371 9580 8883 8985 9.077 10.201 9442 7.645 7.718 6.743 6.792 6.359 6.399 6.011 6.044 20.456 18 292 16.444 14.857 13489 12.303 11.272 23 21.243 18.914 16.936 15.247 13,799 12.550 11.469 5 451 5 467 4.937 4.948 10.529 9.707 10.675 823 7.784 6.835 6.434 6.073 6.097 24 22.023 19.523 17413 15.622 14.094 12783 11.554 25 7 843 6873 6.464 6.118 5480 4.956 4.964 4 970 4.975 4979 17.877 15.983 14.375 13.003 | 11.826 18.327 16.330 14.643 13.211 | 11.987 18.764 16.663 14.898 13.406 12.137 11051 | 10.1169.307 19 188 16.984 15.141 13.591 12.278 11.158| 10.1989370 19.600 17.292 15.372 13.765 12 409 10.810 9929 9.161 10.935 10.027 9237 7.896 7.943 7.984 6.906 6.935 6.961 6.491 6.514 6136 5492 6.534 26 22.795 20.121 23.550 20.707 24 316 21.281 25 066 21.844 25 808 22 396 32.835 27 355 5 502 6.152 6166 6 983 8.022 8.055 7.003 5.510 6.551 6.566 6177 5.517 10.274 9427 11.258 4997 6.233 5.548 11925 10 757 9.779 7.105 6,642 23 115 19.793 17.159 15.046 13 332 8 244 40 4.999 12 233 10 962 9.915 6.651 6245 5.554 39.196 31.424 25 730 21 482 18 255 15762 13.801 8.304 133 50 Done Print Future Value of Ordinary Annuity of $1 Periods 1% 2% 3% 7% 4% S% 6% 10% 12% 14% 15% 1.000 1000 1.000 1.000 1000 1,000 1.000 1000 2080 1.000 1.000 1,000 1000 1,000 2.020 2.010 2.030 2040 2.050 2060 2070 3.215 2.090 2100 2.120 2140 2.150 3.030 3.060 3.091 4.184 3.122 3.153 3.184 3.246 3.278 3310 3.374 3.440 3.473 4.993 6.742 4 4.060 4.122 4246 4310 4.375 4.440 4506 4.573 4,641 4.779 4.921 5.101 5.204 5.309 5416 5526 5.637 5.751 5867 5.985 6.105 6.353 6.610 6 6.152 6.308 6.468 6.633 7.898 6.802 6.975 7.153 7.336 7.523 7.716 8.115 8.536 8.754 7214 7.434 7.662 8.142 8.394 9.897 8.654 8.923 9.200 9.487 10.09 10.73 11.07 8.286 8.583 8.892 10.16 11.46 9.214 9.549 10.260 10.64 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10 10.46 10.95 12.01 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 11 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 20.65 18.53 23.04 27.27 24.35 12.68 13.81 14.95 12 1341 14.19 15.03 16.63 15.92 16.87 17.89 18.98 20.14 21.38 24.13 29.00 13 14.68 15 62 17.09 17.71 18.88 20.14 21.50 22.95 26.02 24.52 28.03 32.09 34.35 14 15.97 18.29 19.60 21.02 22.55 24.21 27.98 32.39 37.28 37,58 40.50 15 16.10 17.29 18.60 20.02 25.13 21.58 23.28 27.15 29.36 31.77 43.84 47 58 16 17.26 18.64 20.16 21.82 30.32 33.00 23.66 25.67 27.89 35.95 42.75 48.88 55.75 50.98 55.72 20.01 17 18.43 21.76 23.70 25.84 28.21 30.84 34.00 37.38 33.75 36.97 40.54 59.12 65.08 18 19.61 21.41 23.41 25.65 28.13 30.91 37.45 41.30 46.02 45.60 68.39 75.84 19 20.81 22 84 25.12 27.67 30.54 33.76 41.45 51.16 63.44 78.97 88.21 20 22.02 24.30 26.87 29.78 3307 36.79 41.00 45.76 51.16 57.28 102 4 72.05 91.02 21 23.24 25.78 28.68 31.97 35.72 39.99 43.39 44.87 50.42 56.76 64.00 81.70 104.8 118.8 22 24.47 27.30 30.54 71.40 34.25 38.51 49.01 55.46 62.87 92.50 120 4 137.6 23 25.72 28.85 32 45 36.62 41.43 47 00 53.44 60.89 69.53 79.54 159 3 184 2 212.8 104.6 138.3 24 26.97 58.18 66.76 30.42 34.43 39.08 50.82 44 50 76.79 88.50 118.2 158.7 25 28.24 32 03 35 46 41.65 47.73 54.86 63.25 73.11 24.70 98.35 133.3 181.9 26 29.53 33 67 38.55 44.31 51.11 59 16 68.68 79.95 93.32 109.2 150.3 208.3 245.7 27 30.82 35.34 169 4 283 6 40.71 47.08 54.67 63 71 74 48 8735 102.7 121.1 238.5 2729 37.05 42.93 38 79 45.22 47.58 28 32.13 49.97 58.40 68.53 80.70 134 2 95.34 113.0 190.7 327.1 29 33 45 62.32 73.64 52.97 87.35 104.0 124.1 148.6 214.6 312.1 377 2 30 34.78 40.57 56.08 66.44 79.06 434.7 94 46 113.3 135.3 164.5 241.3 356 9 60 40 40 48 89 75 40 95.03 120 8 154.8 199.6 1342 1.779 259.1 337 9 442.6 767 1 84 58 50 209 3 290.3 573.8 815 1 64 46 112.8 406 5 1,164 2400 152 7 7.213 4.995 23stin

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To determine the present value of the bonds at issuance we need to compute the present value of both ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Auditing A Guide To Principles And Practice

Authors: J H Crowhurst

1st Edition

0304309052, 978-0304309054

More Books

Students also viewed these Accounting questions

Question

How would we like to see ourselves?

Answered: 1 week ago