6:03 PM3.7KB/s A ll88On August 31, 2020, Cebu PacificCo. issued a 3,000, P1,000, 10%, 5year bonds at 110 including accruedinterest. The bond was datedJanuary 1, 2020. Each bond isentitled of 2 warrants where eachwarrant gives the bondholder theright to purchase 15 shares ofcommon stock, P100 par at P110.On August 31, 2020, the prevailingmarket interest rate for similar debtwithout warrant is 12%.On January 1, 2021, 40% of thewarrant was exercised.Question: On December 31, 2020,the interest expense to berecognized upon payment of annualinterest is:

Data given isOn August 31, 2020;;3000 P1,000 10% 5 Year bonddated January 1,2020 issued at P110…

Answered: August 31, 202O, Cebu Pacific D1 000 %…

Business

Accounting

August 31, 202O, Cebu Pacific D1 000 % 10

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ye тин 6 Note Solve all insurance QNO! operation total P₂ Solve full 13 -A project capatalized for in depredade invested earn PSoroso assets will annual in 10 years 90009 Cost the income first esch Componey expects to earn is year, will cost The and mes maintenance faxes and full accurate a uniform of p19, 249 costs of 4% of the year. If the its capital Justify you 12% before income taxes. investment worthwhile? Answer
Exercise 14-7 (Algo) Trend Percentages [LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 3 Year 5 $ 5,708,920 Sales $ 4,979,380 Cash Year 1 $4,591,750: $80,200 413,498 814,114 $ 1,307,812 $ 308,914 Accounts receivable, net Inventory Year 4 $5,434,060. $ 76,553 505,857 887,534 Year 2 $4,865,560 $ 106,666 417,361 873,932 $1,397,959 $ 340,884 $ 87,376 442,664 832,253 $67,970 565,864 908,890 $ 1,542,724 Total current assets. $ 1,362,293 $ 337,318 $ 1,469,944 $ 329,578 $ 407,641 Current liabilities Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales % Current assets Cash % Accounts…
Hh1. Account
CH9 HW 5 points 2 On January 1 of this year, Skamania Company completed the following transactions (assume a 9% annual interest rate): (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Skipped eBook Print References a. Bought a delivery truck and agreed to pay $60,100 at the end of three years. b. Rented an office building and was given the option of paying $10,100 at the end of each of the next three years or paying $28,100 immediately. c. Established a savings account by depositing a single amount that will increase to $90,200 at the end of seven years. d. Decided to deposit a single sum in the bank that will provide 9 equal annual year-end payments of $40,100 to a retired employee (payments starting December 31 of this year). Required: a. What is the cost of the truck that should be recorded at the time of purchase? b. Which option for the office building results in the lowest present value? c. What single amount must be…