Business, 03.12.2019 22:31, dman09082000
Greener pastures corporation borrowed $1,500,000 on november 1, 2015. the note carried a 12 percent interest rate with the principal and interest payable on june 1, 2016.
(a) the note issued on november 1.
(b) the interest accrual on december 31.
indicate the effects of the amounts for the above transactions. (enter any decreases to account balances with a minus sign. do not round intermediate calculations.)
prepare the journal entries related for the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations.)
greener pastures corporation borrowed $1,500,000 on november 1, 2015. the note carried a 12 percent interest rate with the principal and interest payable on june 1, 2016. record the borrowing of $1,500,000.
greener pastures corporation borrowed $1,500,000 on november 1, 2015. the note carried a 12 percent interest rate with the principal and interest payable on june 1, 2016. record the interest accrued on the notes payable.
Answers: 3
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Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.
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Greener pastures corporation borrowed $1,500,000 on november 1, 2015. the note carried a 12 percent...
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