What is the purchase price for a bond that is paying 6 percent annual coupon rate in Semi-annual payments if its Yield to Maturity is 10 % and it has 10 years and 10 months from its purchase date until its maturity? What is the accrued interest rate? Assume the bond is traded in a year of 366 days when calculating the accrued interest.

Q: will be paid by his insurance company if a fire causes $710, 000 in losses? $568, 000 $735, 000…

A: Introduction;- The following basic information as follows under:- Troy's Tire Mart has a…

Q: Nancy and Betty enter into a partnership agreement whereby they undertake to share profits according…

A: Partnership means the form of business where two or more person joins together to run the business…

Q: age 65 for the rest of her life. At age 65 her expected return multiple is 20. In the year that she…

A: Deferred Annuity In the deferred annuity which are given some benefit after a stipulated period of…

Q: he information on the defined benefit plan is provided in the picture. a) What is the net defined…

A: Following table will be prepared for calculation of required information:     Pension Plan…

Q: Of P13,636. Payments oI P9 were made on both January 2, 2017 and January 2, 2018. Welington's…

A: A lease is an agreement to rent an asset in exchange for periodic payments. The agreement's two…

Q: During the current year, Bashful Company incurred the following costs to develop and produce a…

A: Cost: Cost is explained as the amount or something that is being incurred in monetary terms by an…

Q: The Pierce Company started operations this month and had the following transactions: 1 Owners…

A: An accounting equation refers to a mathematical representation of the transaction. It indicates that…

Q: Another team member who is preparing the Budgeted Balance Sheet for the business for  the same…

A: Trade Receivable Trade Receivable is an important part in the liquidity of the business entity which…

Q: P10-1C: MULTIPLE CHOICE - PROBLEMS 1. During the year ELLE Company purchased P400,000 of inventory.…

A: Inventory Turnover Ratio is calculated by dividing Cost of Goods Sold by Average Inventory  It is…

Q: What is the total amount of National Insurance contributions payable by Aaron for the contribution…

A: National insurance contribution is the contribution which are made by the taxpayer or an individual…

Q: 10. YOU Company has 40,000 shares of common stock outstanding that it originally issued for P30 per…

A: The dividend yield can be calculated by dividing the dividend per share by the market price per…

Q: Thomas Company is issuing 4 000 ordinary shares, payable by instalments. Investors must pay $10 per…

A: option c Debit cash, Credit Ordinary Share Capital

Q: Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted…

A: Journal entry is the primary step to record the transaction in the books of account. The debit and…

Q: o ente

A: Liabilities are accumulated financial obligations that result from past events that are expected to…

Q: Peter's Records purchases a new desktop computer for $8,900, on the 1st January 2020 The computer is…

A: Straight line rate = 1 / useful life = 1 / 5 = 20% Reducing balance rate = 2 x 20% = 40%

Q: Sun Valley showed the following on its direct materials budget for May: Units to be produced 62,500…

A: Cost of direct materials per unit is equal to cost incurred for direct materials for total units to…

Q: d AC end on 31 December. ​ Required a) Calculate the hire purchase interest included in the hire…

A: "Since you have asked multiple sub part question we will solve the first three sub part question for…

Q: Karen White helped organize a charity fund to help cover the medical expenses of her friend, Vicky…

A: Answer -  Effect on Cash is shown in below table.

Q: On January 1, 2022, Old Corp. paid P500,000 for 20,000 shares of Hannah Corp.'s ordinary shares and…

A: Held for Trading security means a debt or equity investment that investors purchase with an…

Q: Stanley sold a building used in his business and held for 5 years for a $50,000 loss. It is the only…

A: A capital asset is an asset that is held for more than one year whereas, a current asset is an asset…

Q: QUESTION 25 How long must a capital asset be held to qualify for long term treatment? O A. Six…

A: As per IRS  An capital asset is qualified for short term or long-term treatment on basis of time…

Q: Problem #4 At December 31, Beaver Company's records show the following amounts in ending Market…

A: Under LCM METHOD inventory is valued at lower of cost and market value.  If there is a loss because…

Q: The engagement quality control reviewer (choose he INCORRECT one) Does not otherwise participate in…

A: The Engagement quality control reviewer is an associated person of a registered accounting firm. The…

Q: Biotechtron, Inc., has two research laboratories in the Southwest, one in Yuma, Arizona, and…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: An adjusting entry in relation to unearned revenues will: а. increase total liabilities. b. increase…

A: The Unearned revenue is the revenue received in cash in advance but not earned yet by the business.

Q: What is the initial cost of the machine on July 31, 2022?

A: A new machine was acquired on July 31, 2022 by Harian Company. Now the cost of a Property, Plant…

Q: On December 31, 2018, Welington Company leased a new machine from Daniel with the following…

A: Lease represents the agreement between two parties (known as lessor and lessee). Lessor provides the…

Q: Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. Perpetual…

A: Inventory valuation refers to the methods used by the company to determine the value of its…

Q: Determine the gross profit, cost of merchandise sold, and ending inventory on July 31 using the (a)…

A: Cost flow statement under FIFO Date No. of units purchased Cost per unit  Total cost of goods…

Q: Carol, a self-employed CPA, purchases hockey tickets online for $180 and takes a client to the game.…

A: Given: - Particulars Amount Cost of hockey ticket $180 Bill for Dinner $140 Total expense…

Q: reported the following information wi Roundt espect to cost of goods sold for the current year:…

A: 1.Inventories shall be measured at the lower of cost and net realizable value on balance sheet date…

Q: This is a method of recognizing bad debts that requires a company to estimate the uncollectible…

A: Bad debts are those customers that are not going to pay their debt to the company. The direct-write…

Q: Jaybo Company purchased the following portfolio of equity instrument designated as fair value…

A: Unrealised gains or losses are those gains or losses, which are not realised yet. These are only…

Q: Company A, makes and sells two types of shoes, Plin and Facy.  Data concerning these products are as…

A: The break even sales are the sales where business earns no profit no loss during the period.  The…

Q: ded the following information at the Atla beginning of the current year: 12% convertible bonds…

A: Given that, Net income for the year = P9,500,000  Tax rate = 30%  Ordinary share outstanding at…

Q: The following data were taken from the accounting records of Wrecking Balls, Inc Balance at January…

A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…

Q: What should be reported in a hyper-inflationary statement of financial position prepared on December…

A: Carrying amount of the asset is the value of the asset which has been computed and determined by the…

Q: Theresa bought a car (5-year property) for $10,000 for her business on 1/3/2019. She used it 100%…

A: Depreciation: It is a non-cash expense. This is the decrease in the value of a fixed asset because…

Q: Rianna is 60 years old. She purchased a deferred annuity for $40,000. The annuity will begin paying…

A: The correct answer for the above question is given in the following steps for your reference.

Q: ould accept the factoring service offered by Powell. What use should the company make of any finance…

A: Cash conversion cycle indicates that number of days required to recover money from inventories to…

Q: A has an investment property acquired at a cost of P2,000,000. Depreciation is estimated to be…

A: As per accounting standards on investment property, these assets are valued always valued at the…

Q: From the following details, calculate interest coverage ratio: Net Profit after tax $ 60,000; IS%…

A: The interest coverage ratio is calculating as EBIT divided by interest expense.

Q: on and appeal process against the Commissioner’s decision?

A: When making an objection, the following procedure should be followed: The Income Tax Act's Sections…

Q: US Tax Law Taxpayer is single and has the following items: state taxes withheld, $7,500; property…

A: Tax Deduction: It implies to a reduction or decrease in the taxable income of taxpayer as being an…

Q: Laker Company reported the following January purchases and sales data for its only product. The…

A: Under Specific Identification Method, Cost of goods sold and value of ending inventory is calculated…

Q: Kindly explain and give an example of Capital Gains Tax

A: Introduction:- The capital gains tax is a federal tax. It is charged on profit made from selling…

Q: Which deduction was lost in the new tax law? A. mortgage interest

A: Tax is a liability reported in the balance sheet calculated on the income earned. It is paid to the…

Q: 21. if the direct method of allocntion is used, how much of the equipment maintenance costs would be…

A: CORRECT ANSWER IS OPTION "B" i.e 1750 in Direct Allocation method the Cost of Particular Cost Center…

Q: On June 30, 2015, Gell-O Corp paid USD48 per share for 50,000 shares, representing a 25% ownership…

A: Since Gell-O Corp acquired 25%, ownership interest in Migs Company, it will be treated as investment…

Q: Explain the various business organization and the type of taxes calculated by each type of business.

A: Disclaimer: "Since you have multiple questions at a time so we have done the first question for you.…

Treasury Market

On-the-run securities are the most recently issued securities in the market depth and are therefore traded at some premium. The off-the-run securities are the ones issued just before the most recent ones. The on-the-run securities have a lower yield to the investor than the off-the-run securities.