Refer to the bond listing table below to determine the current bond yield for CMCD.GC. Click the icon to view the bond listing from the table below. ... The current yield of the CMCD.GC bond is. (Type an integer or decimal rounded to the nearest thousandth as needed.)
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- The following investment account was taken from the general ledger of One Dream Investment Company: Debt Investments - Fulfilled Dream 6% bonds (2,000,000 face value, due December 31, 2027) Date PR Debit Credit Balance January 2, 2022 VR P1,812,300 P1,812,300 June 30, 2022 CRJ 60,000 1,752,300 Dec. 31, 2022 CRJ 60,000 1,692,300 Dec. 31, 2022 195,000 1,497,300 In the course of your examination, you obtained the following information: Interest checks were received on June 30 and December 31 and were credited to the investment account. One dream sold P200,000 of its investment on December 31, 2022 for P195,000. Effective interest rate on this investment, as computed by your audit staff, is 8%. One Dream included this investment in a portfolio that is held to collect and for sale. The fair value at December 31, 2022 and 2023 is 97.5 and 105, respectively. Question 1: The entry to correct the interest income for 2022…1. The following balances were obtained from the books of The Hartland Ltd as at December 31, 2015:DETAILS DR CRPremises800,00010% Mortgage250,000Retained earnings40,000Goodwill100,000Debtors110,000Creditors65,000General reserves30,000Management fees30,000Ordinary shares @ $0.50200,0005% Preference shares @ $1200,000Share premium50,000Motor vehicle80,000Prov. for depreciation on motor vehicle12,00010% Debenture120,000Mortgage interest7,000Debenture interest5,000Cost of sales750,000Closing stock80,000Insurance20,000Wages & salaries60,000Interim ordinary shares dividend2,000Bank53,000Sales1,100,000Commission received4,0002,084,0002,084,000Notes:a. Provide for depreciation on motor vehicle at 5% on the reducing balanceb. Insurance is prepaid by $4,000 while wages and salaries is owing by $20,000c. The goodwill should be written down by 25%d. Transfer $25,000 from profits to the general reservese. Corporation tax is estimated at $30,000f. The…Sandra Williams <sandra_williams_resume@yahoo.com> To:JEFFREY WILLIAMS Calculate the accrued interest (in $) and the total proceeds (in $) of the bond sale. (Round your answers to the nearest cent.) Company CouponRate MarketPrice TimeSince LastInterest AccruedInterest Commissionper Bond BondsSold TotalProceeds Company 3 6.95% 91.50 21 days $ $5.00 10
- Assume the following is a portion of the investment footnote from MetLife’s 2016 10-K report. Investment earnings are a crucial component of the financial performance of insurance companies such as MetLife, and investments comprise a large part of Metlife’s assets. MetLife accounts for its bond investments as available-for-sale securities. a. $223,926 million, $8,329 million gainb. $230,050 million, $6,124 million gainc. $223,926 million, $6,124 million gaind. $230,050 million, $2,205 million lossBond (Held-to-Maturity)Investment Journalize the entries to record the following selected bond investment transactions for Marr Products: If an amount box does not require an entry, leave it blank. a. Purchased for cash $180,000 of Hotline Inc. 5% bonds at 100 plus accrued interest of $1,500. Investments-Hotline Inc. Bonds fill in the blank 58d32df6c011fb9_2 fill in the blank 58d32df6c011fb9_3 Interest Receivable fill in the blank 58d32df6c011fb9_5 fill in the blank 58d32df6c011fb9_6 Cash fill in the blank 58d32df6c011fb9_8 fill in the blank 58d32df6c011fb9_9 Feedback a. Record the investment at face value. Interest that is receivable on the date of purchase must be recorded as well. b. Received first semiannual interest payment. Cash fill in the blank a853e5026064fa2_2 fill in the blank a853e5026064fa2_3 Interest Receivable fill in the blank a853e5026064fa2_5 fill in the blank a853e5026064fa2_6 Interest Revenue…are given the following information about Jordan plc:Financial position statement at January 2017£000 £000Non-current assets 1,511Current assets 672Total assets 2,183Equity financeOrdinary shares (50p) 200Reserves 150Non-current liabilities7% preference shares 3009% bonds (redeemable after 8 years) 6509% bank notes 560Current liabilities 323Total liabilities 2183You are also given the following information:• Yield on Treasury bills 7%• Jordan plc equity beta 1.21• Equity risk premium 9.1%• Current ex-div ordinary share price £2.35• Current ex-div preference share price 66p• Current ex-interest bond price £105• Corporate tax rate 30%Required:(a). calculate the company’s weighted average cost of capital (WACC) using market weightings.(b). critically discuss whether you consider that companies, by integrating a sensible level of gearinginto their capital structure, can minimise their weighted average cost of capital.
- Th e management of Bank EZ repurchases its own bonds in the open market. Th ey pay€6.5 million for bonds with a face value of €10.0 million and a carrying value of €9.8 million. Th e bank will most likely report:A . other comprehensive income of €3.3 million.B . other comprehensive income of €3.5 million.C . a gain of €3.3 million on the income statement.A$1000,5%bondwithannualcouponswillberedeemedattheendof9years.Findthepricetoyield6%. a. $1,074.35 b. $974.00 c. $1,004.95 d. $931.98Use Exhibit 20-5, Corporate Bond Quotation Table, to find the information for the corporate bond. VERIZON COMMUNICATIONS INC ask price in dollars $
- 1) A long-term note secured by collateral may be referred to as a a) premium. b)bond. c)debenture. d)mortgage. 2) Which of the following usually represents the largest number of common shares? a)treasury shares. b)authorized shares. c)issued shares. d)restricted shares. What is the effect of the declaration of a cash dividend? like increase or decrease to either liability, asset, statement of income, statement of financial position and shareholder equity? 3) At December 31, 2022, Marigold Inc. has 14200, $4, cumulative preferred shares issued. If the board of directors declares a $54400 dividend at this date a) the company will owe the preferred shareholders nothing further. b) the company still has to pay the preferred shareholders $56800, regardless of what amount was declared. c) the company will still owe the preferred shareholders $2400 and should record a dividend payable for this amount. d) $2400 will be disclosed as dividends in arrears in the notes to the financial statements.…Problem5: OnJanuary1,2021,BLITZENCompanyissued10%bondsdatedJanuary1,2021withafaceamountof ₱8,000,000.ThebondsmatureonDecember31,2026.Forbondsofsimilarriskandmaturity,the marketyieldis14%.Interestispaidsemi-annuallyonJune30andDecember31.(Useatmost,4decimal placesforPVfactors) Preparethejournalentriesfor2021 Computeorprovidetheanswersforthefollowing: DeterminethepriceofthebondsonJanuary1,2021. Howmuchistheinterestexpensefortheyearended,December31,2021? Howmuchistheinterestexpensefortheyearended,December31,2022? WhatisthecarryingamountofthebondsonDecember31,2022?Use Exhibit 20-5, Corporate Bond Quotation Table, to find the information for the corporate bond. DUKE ENERGY FLA LLC ask price in dollars $