James Page, finance director for the city of Bridgeport, has asked you to help him account for bond proceeds from two bond issuancesâone which was issued at a premium and another which was issued at a discount. Prepare journal entries to record the following transactions in the city of Bridgeportâs Capital Projects Fund during its 2019 fiscal year.1. Bridgeport issues $18 million face value of general obligation bonds to build a new outdoor music arenaâHarbor Arena. The City received an extra $1.5 million as a bond premium.2. The bond covenant states that bond premiums must be transferred to a Debt Service Fund. The transfer of cash to the Debt Service Fund is made.3. Bridgeport issues a $15 million face value of general obligation bond to construct a new road. Unfortunately, interest rates increased prior to the issuance of the bonds, and this resulted in the city receiving only $14.6 million from the bonds
Answers: 2
Business, 22.06.2019 04:00, cameronbeaugh
Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.
Answers: 1
Business, 22.06.2019 13:00, dolltan
Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?
Answers: 1
Business, 22.06.2019 13:30, OnWheels
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
James Page, finance director for the city of Bridgeport, has asked you to help him account for bond...
Mathematics, 12.02.2021 02:00
Mathematics, 12.02.2021 02:00
English, 12.02.2021 02:00
Mathematics, 12.02.2021 02:00
Mathematics, 12.02.2021 02:00
Mathematics, 12.02.2021 02:00