If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
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- Assume that Money Wang sells his bonds to BSP amounting to P50,000. From this,Money Wang receives a check awarded by BSP with the same amount. Money Wangdeposits the check at Metrobank. In the banking system, BSP’s required reserve ratio is20%, and that the banking system currently has no excess reserves. Answer thefollowing questions:1. By how much will be the change in Metrobank’s checkable deposit on its balance sheet? 2. How much is the change in the required reserves and the excess reserves on Metrobank’s balance sheet? 3. Now assume that Metrobank lends out all of its excess reserves to Roberta Marasigan. Determine the amount that Metrobank can lend to Roberta Marasigan.4. Roberta Marasigan deposits the loaned amount in BDO. BDO, just like Metrobank, loans out also all of its excess reserves from Roberta Marasigan’s deposit to Noella Bautista.A. What will be the amount of the loan by BDO?B. Determine the change in the checkable deposit on the balance sheet of BDO. 5. Now think of…Illustrate the effects of accepting the note from Valley Designs on the accounts and financial statements of Bork Furniture Company. Financial Statement Effects Balance Sheet Assets = Liabilities + Stockholders' Equity + = + Apr. 20. fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Statement of Cash Flows Income Statement fill in the blank 10 fill in the blank 12 b. Determine the due date of the note. c. Determine the maturity value of the note. To simplify, use 360 days per year to compute interest.$fill in the blank 14 d. Illustrate the effects of receiving payment of the note from Valley Designs at its maturity on the accounts and financial statements of Bork Furniture Company. Financial Statement Effects Balance Sheet Assets = Liabilities + Stockholders' Equity + = + Aug. 18. fill in the blank 19 fill in the blank…When a customer is delinquent on paying a notes receivable, your company has the option to continue to attempt collection or sell the debt to a collection agency. Research the benefits and challenges with each of these options and in a short essay, answer the following questions. A. What are the benefits and challenges of continuing to attempt collection yourself? B. What are the benefits and challenges of selling debt to a collection agency? C. If you had a dishonored notes receivable, which option would you select and why? D. Would you weight certain benefits or challenges differently when making your selection? How?
- 1) Edie deposits funds with First National Bank, which issues an instrument that promises to repay the funds, with interest, on a certain date. Before the maturity date, Edie wants to access the funds. Edie can a. sell the instrument to a third party. b. advance the date for repayment. c. submit the instrument to the maker for immediate payment. d. withdraw the funds before the date of maturity. 2) Direct Connect Company orders a quantity of wire from Electric Supply Inc. To finance the purchase, Direct signs a note that includes a reference to the parties' contract, a payment schedule, and a security agreement. This note is a. negotiable. b. nonnegotiable, because it refers to a security agreement. c. nonnegotiable, because it refers to the parties' contract. d. nonnegotiable, because it refers to a payment schedule. 3) Hedy draws a check "payable to the order of Ilsa or Jeto" and gives the check to Ilsa. Hedy's obligation on the check to Jeto is a. suspended. b. discharged. c. to…. Cheating is a serious offense and a clear violation of academic integrity and test-taking protocol. If cau shown that there has been cheating occurred on any EXAM, the student(s) involved will be dealt with a involved will receive a score of zero (0) for the EXAM. • Canvas records your online activity while taking the exam. Question 20 All of the following are money market instruments except what? O Treasury bills O Repurchase agreement O Commercial paper Treasury bonds Quiz saved at 5:41pmYou have $141,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $43,000. a. Does this create a disbursement float or a collection float? b. What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
- Jasper Company accepted a check from Harp Company as payment for services rendered. Jasper's bank statement revealed that the Harp check was a NSF check. What effect will recording the NSF check have on the accounting equation of Jasper Company? A. B. C. D. Multiple Choice O Total Assets Decrease No effect Decrease No effect O Option B Option C Option A Option D Total Equity Decrease Decrease No effect No effectWhen a customer is delinquent on paying a notes receivable, your company has the option to continue to attempt collection or sell the debt to a collection agency. Research the benefits and challenges with each of these options and in a short essay, answer the following questions. Required part B What are the benefits and challenges of continuing to attempt collection yourself? What are the benefits and challenges of selling debt to a collection agency? If you had a dishonored notes receivable, which option would you select and why? Would you weight certain benefits or challenges differently when making your selection? How?You have $13,800 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,400 . a. Does this create a disbursement float or a collection float? b. What is your available balance? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g. 32.) c. What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. )
- Which of the following statements about the company's financial operations and financial decisions is FALSE? If your company overdraws its checking account, the Global Community Bank will automatically issue your company a 1-year loan in an amount sufficient to bring your ending cash balance up to zero. The interest rate charged on overdraft loans is always 2% above whatever interest rate your company would otherwise pay on a 1-year loan from the GCB (for example, if your company's B credit rating entitled your company to a 1-year loan carrying a 6.5% interest rate, then the interest rate on a 1-year overdraft loan would be 8.5%). If the company needs to secure additional capital, it can take out loans with 1-year, 5-year. and/or 10-year terms from the Global Community Bank and/or it can issue new shares of common stock. The company's banking arrangement with the Global Community Bank calls for the company to be paid interest on any positive cash balance in the company checking…You have $19,700 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,600. What are your disbursement, collection, and net floats? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Disbursement float Collection float Net floatCan you calculate the liquidity securities indicator? Round your answer to the nearest two decimals if needed. Type your answer as percentage and not as decimal (i.e. 5.2 and not 0.052). Do not type the % symbol. Hint: Make sure to learn the other liquidity indicators as well. Cash and deposits held at depository institutions Government Securities Federal funds sold Net loans and leases Total Assets Federal funds purchased Demand deposits Time deposits Millions 699 207 213 3,569 208 1,385 2,832