Xyz corporation issued $4,000,000 of 9%, ten-year convertible bonds on july 1, 2014 at 99 plus accrued interest. the bonds were dated april 1, 2014 with interest payable april 1 and october 1. bond discount is amortized semiannually on a straight-line basis. on april 1, 2015, $800,000 of these bonds were converted into 500 shares of $20 par value common stock. accrued interest was paid in cash at the time of conversion. what was the effective interest rate on the bonds when they were issued?

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $