Business, 05.05.2020 07:49, danielhall

Macy's, Inc., operates nearly 850 Macy's and Bloomingdale's department stores nationwide. The company does more than $23 billion in sales each year Assume that, as part of its cash management strategy, Macy's purchased as a long-term investment $6.5 million in 10-year bonds for $7,467,200 cash on July 1 of the current year. The bonds pay 8 percent interest semiannually on June 30 and December 31. The market rate on the bonds on the date of purchase was 6 percent. (FV of $1. PV of $1. EVA of $1, and PVA ot$1) (Use the appropriate factor(s) from the tables provided. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars, not in millions.) Required: 1. Record the purchase of the bonds on July 1 of the current year View transaction list Journal entry worksheet Record the purchase of the bonds on July 1, current year. 2. Record the receipt of interest on December 31 of the current year

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:30, rhettperkins

Emil motycka is considered an entrepreneur because

Answers: 2

continue

Business, 22.06.2019 15:30, jasonoliva13

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration

Answers: 2

continue

Business, 22.06.2019 21:30, jefersonzoruajas

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.

Answers: 1

continue

Business, 22.06.2019 23:50, iiisavageoreo

In june, one of the processinthe assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units the assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units were in its ending work in process inventory

Answers: 2

continue

Do you know the correct answer?

Macy's, Inc., operates nearly 850 Macy's and Bloomingdale's department stores nationwide. The compan...