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Use the following amortization table for Mechanical Autoparts to answer these questions about the company's long-term debt: (Click the icon to view the amortization table.)
Use the following amortization table for Mechanical Autoparts to answer these questions about the company's long-term debt: (Click the icon to view the amortization table.) 1. How much cash did Mechanical Autoparts borrow on January 31, 2017? How much cash will Mechanical Autoparts pay back at maturity on January 31, 2027? 2. How much cash interest will Mechanical Autoparts pay each six months? 3. How much interest expense will Mechanical Autoparts report on July 31, 2017, and on January 31, 2018? Why does the amount of interest expense increase each period? Explain in detail. . How much cash did Mechanical Autoparts borrow on January 31, 2017? How much cash will Mechanical Autoparts pay back at maturity on January 31, 2027? How much cash did Mechanical Autoparts borrow on January 31, 2017? $ How much cash will Mechanical Autoparts pay back at maturity on January 31, 20277 S 2, How much cash interest will Mechanical Autoparts pay each six months? 3. How much interest expense will Mechanical Autoparts report on July 31, 2017, and on January 31, 2018? Why does the amount of interest expense increase each period? Explain in detail. How much interest expense will Mechanical Autoparts report on July 31, 2017? S How much interest expense will Mechanical Autoparts report on January 31, 20187 S Why does the amount of interest expense increase each period? Interest expense increases because the as the bonds move toward matuity and themust be amortized over the lite of the bond bond carying amount produoes I must be amortized over the life of the bond bond carrying amount produces amount of interest expense each period
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