Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Vaughn Manufacturing issues $21300000 of 10-year, 10% bonds on March 1, 2020 at 96 plus accrued interest. The bonds are dated January 1, 2020, and

Vaughn Manufacturing issues $21300000 of 10-year, 10% bonds on March 1, 2020 at 96 plus accrued interest. The bonds are dated January 1, 2020, and pay interest on June 30 and December 31. What is the total cash received on the issue date?

$20203000

$21690500

$20803000

$20448000

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

Patient Care Audit Criteria

Authors: Jean Gayton Carroll

1st Edition

0870943928, 978-0870943928

More Books

Students also viewed these Accounting questions

Question

★★★★★

Pan American Refineries, headquartered in Houston, must decide among three sites for the construction of a new oil-processing center. The firm has selected the six factors listed below as a basis for...

Answered: 1 week ago

Question

★★★★★

4-1 Define and implement a class named sort_by_animalID that has a single public static function but no constructors: static void sort(animal **animals,int n) // sorts the array of n animals into...

Answered: 1 week ago

Question

★★★★★

=+24.2. Show that T is ergodic if and only if n-1E"=| P(ANT-KB) - P(A)P(B) for all A and B (or all A and B in a T-system generating $ ).

Answered: 1 week ago

Question

★★★★★

Materials issued for the current month are as follows: Journalize the entry to record the issuance ofmaterials. Requisition No. Material Job No. Amount $25,400 101 Steel 210 102 Plastic 215 19,600...

Answered: 1 week ago

Question

★★★★★

Exercise 11-12 In 1987, Herman Moore Company completed the construction of a building at a cost of $4,700,000 and first occupied it in January 1988. It was estimated that the building will have a...

Answered: 1 week ago

Question

★★★★★

A Sydney fishing company purchases clams for $12.00 per kg from some north-coast fishermen for sale to various restaurants in Sydney for $18.00 per kg. Any clams not sold to the restaurants by the...

Answered: 1 week ago

Question

★★★★★

As an analyst for FinCorp Inc., you are responsible for many firms, including ADFC. Currently you have a "hold" recommendation on ADFC.20 The current price of ADFC is $140. You have conducted an...

Answered: 1 week ago

Question

★★★★★

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An...

Answered: 1 week ago

Question

★★★★★

Vignette AssumptionStory:Tatiana Tatiana is five years old and was adopted at age three. Tatiana's adoptive parents have three biological sons, aged eight, ten, and seventeen, who the parents say...

Answered: 1 week ago

Question

★★★★★

10. The Head of RAHA Institute has assured its staff of supply of laptop computer for all lecturers. He has discussed with Computa Ghana for the supply of the Laptops. He has been stopped by your...

Answered: 1 week ago

Question

★★★★★

Determine the price of 2 year bond with 6 monthly coupons of 10% per annum, a yield of 6.4% per annum and face value of 100$ where the bond is purchased with 40 days to the first coupon payment and...

Answered: 1 week ago

Question

★★★★★

As customer service manager for Mama Mias frozen foods, respond to a letter from Jane Gogh, a student at Seaside College. Jane wrote expressing dissatisfaction with your Veggie Lasagne. She didnt ask...

Answered: 1 week ago

Question

★★★★★

The Board of Directors of City Library has added activities for the summer. These additional activities include an 8 a.m. story hour and a 6 p.m. childrens theater production.The childrens theater...

Answered: 1 week ago

Question

★★★★★

Roscoes Personalized Printing specializes in customized printing of items used for business advertisements. Jennifer Fairbanks designed an unusual calendar to be given to her customers during the...

Answered: 1 week ago

Previous Question Next Question