You signed a 15-year interest swap with annual payments to pay fixed and receive floating. The quote was 4.5-4.7% against LIBOR flat. The principal is 100,000. What is the value of the swap 5 years later if the 15-Y LIBOR is 2% and the 10-Y

Q: On January 1, 2024, a Company adopted the dollar-value LIFO method for its one inventory pool. The…

A: The dollar value LIFO method refers to the method used for the calculation of cost while considering…

Q: Journalize the following entries on the books of the borrower and creditor. Label accordingly.…

A: Journal is a book used to record of day to day transactions of the business.

Q: Sofia Gomez runs a mobile pet grooming service. She charges $26 direct labor per grooming hour. She…

A: The overhead rate is the rate that is computed by dividing estimated overheads by estimated hours or…

Q: Concord Corporation's charter authorized issuance of 96,000 shares of $10 par value common stock and…

A: The company issues either common shares or preferred shares. When the company issues these shares…

Q: Sarasota Company reported the following information for 2019: October November December Budgeted…

A: Cash collection budget:— This budget is prepared to estimate the collection of sales from customers…

Q: Swifty Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The…

A: Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…

Q: Based on the adjusted trial balance below, which of the following journal entries is recorded…

A: Preparation of closing entries is a method used by the business entity to close its temporary…

Q: Riley and Gretchen run a shuttle service from Times Square to New York's JFK airport. Last month,…

A: Net income after taxes = (Revenue - Expenses)×(1-tax rate)

Q: A. What is the total income if all titles were produced? B. If Title X was dropped, what would be…

A: There are three lang publishing and the company is deciding to drop one of the titles so that the…

Q: Bond Company budgets the following purchases of direct materials for the first quarter of the year:…

A: Budget is the estimation of revenue and expense prior to start the operation. To manage the working…

Q: Colorado Mining paid $616,000 to acquire a mine with 44,000 tons of coal reserves. The financial…

A: Lets understand the basics. Depletion method is used where extraction of minerals are made by the…

Q: On January 16 of year 1, Javier purchased a building, including the land it was on, to assemble his…

A: Accelerated method of depreciation consider the more depreciation during initial years but consider…

Q: Tabitha sells real estate on March 2 of the current year for $308,800. The buyer, Ramona, pays the…

A: Property tax also referred to as the real estate tax is the tax calculated on the value of the…

Q: Edge Company produces two models of its product with the same machine. The machine has a capacity of…

A: The contribution margin is higher if the variable costs are lower. The contribution margin must be…

Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…

A: Planning a budget involves creating a spending plan that outlines how much money an organization has…

Q: The records of Jefferson Corporation reflected the following data at the end of the year. Required…

A: EPS is the value of earnings that is earned by equity shareholders for every share, it is computed…

Q: Record the Year 3 transactions in a statements model. (

A: A horizontal statements model is actually the statement or the worksheet in which the effects of…

Q: Robinson Products Company has two service departments (S1 and S2) and two production departments (P1…

A: There are so many departments in a company, from which some are primary departments where the main…

Q: Vermont Automotive is a regional chain of auto parts stores. The managers of the Individual stores…

A: The question has multiple sub parts. As if it's not enough, the last sub part has further sub parts.…

Q: 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three…

A: Solution: % of completion = Cost incurred to Date / Total Estimated costs Gross profit for the year…

Q: Hoosier Incorporated is an Indiana corporation. It properly included, deducted, or excluded the…

A: Indiana state tax is a type of tax that is paid by the Indiana businessman at the state and federal…

Q: ok k 2: Homework gageNOWv2 | Om X Ilm/takeAssignment/takeAssignment…

A: Long term capital loss is the loss which is occurring on sale of an assets which has been owned by…

Q: Enter the month-end totals from the Cash Receipts journal. Enter the month-end totals from the Cash…

A: There are four types of general other than general journals i.e., cash receipt journal, cash…

Q: Trog Industries pays and records the semiannual interest on its $860,000, 10-year, 6% bonds…

A: A bond is a type of instrument that is identified as a loan given by a party known as a lender to…

Q: On January 1, 2020, Bramble Corp. issued 10-year bonds with a face amount of $1,000,000 and a stated…

A: BOND  Bond is a Financial Securities which is Generally Issued by the Corporation's, Government…

Q: Able Company issued $1,080,000 of 9 percent first mortgage bonds on January 1, 20X1, at 104. The…

A: Corporate Bonds - It is a type of debt security that businesses utilize to establish financial…

Q: 1. On July 15, Piper Co. sold $13,000 of merchandise (costing $6,500) for cash. The sales tax rate…

A: Journal Entry is the primary step to record the transaction in the books of accounts. The increase…

Q: c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation…

A: Depreciation is an accounting practice that distributes the expense of tangible assets throughout…

Q: . Prepare a check sheet for the above car repair shop data: Work Type Lube & oil Brakes Tires…

A: A Check Sheet is an important tool for effective data collection and analysis. It is used to…

Q: Allowance Method On March 10, Gardner, Inc. declared a $900 account receivable from the Gates…

A: The Allowance for Accounts Receivable is recorded separately to show the estimated value for…

Q: Required: 1. Determine budgeted cash collections for July and August. 2. Determine budgeted cash…

A: Cash Budget is prepared by the business entity to estimate the cash requirement in the budgeted…

Q: Required information [The following information applies to the questions displayed below.] Shadee…

A: Lets understand the basics. Management prepares budget to estimate future profit and loss account…

Q: An investment project has annual cash inflows of $3,700, $4,600, $5,800, and $5,000, for the next…

A: Discounted payback period refers to the number of years it takes for the present value of cash…

Q: Selma operates a contractor's supply store. She maintains her books using the cash method. At the…

A: Accrual method A method of accounting that records the revenue or incomes when it is earned and…

Q: Sarasota Co receives $2,680,000 when it issues a $2,680,000, 6%, mortgage note payable to finance…

A: Mortgage notes payable is kind of legal promissory note which binds one to pay the mortgage with the…

Q: Clay Company started construction of a new office building on January 1, year 4, and moved into the…

A: Construction contracts costing is one of the important form of costing. Under this, costs are…

Q: The following information pertains to Harvey's personal financial transactions. Opening Balances -…

A: T-accounts are the ledger accounts that are created for each account separately. They are prepared…

Q: KADS, Incorporated, has spent $400,000 on research to develop a new computer game. The firm is…

A: Cash Flow from the project is that amount which is earned by the investor from the project. It…

Q: In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa…

A: The revenue and profit or loss can be estimated for contract on the basis of the percentage of the…

Q: Vancouver Shakespearean Theater's board of directors is considering the replacement of the theater's…

A: As per the given information: Cost of new lighting system - $150,950Cost saving - $31,000 for the…

Q: Amazonia Inc. made a $100,000 distribution this year to its sole shareholder, Ellie. Ellie has a…

A: Capital gain is a profit which arises on sale of an asset. If an asset is sold after holding it for…

Q: Shaylee Corporation has $2.00 million to invest in new projects. The company's managers have…

A: Profitability index = Present value of cash inflows ÷ Initial investment. Project with highest…

Q: instructions Kirchhoff industries has computed that the proper balance for the Allowance for…

A: The allowance for doubtful accounts is created to record estimated bad debt expense for the period.…

Q: After several profitable years running her business, Ingrid decided to acquire the assets of a small…

A: To calculate the amortization expense for the phone list acquired by Ingrid, we need to use the…

Q: While completing undergraduate school work in information systems, Dallin Bourne and Michael Banks…

A: Section 179 Expenses: Businesses are entitled to immediately deduct costs associated with operating…

Q: The face value of a bond is $78,000, its stated rate is 7%, and the term of the bond is five years.…

A: Face value of Bond=$78,000 Interest rate=7%=7%/2=3.5% Market rate-8%=8%/2=4% Term=5 years=5*2=10…

Q: Prepare a multiple-step income statement.

A: Income statement represents the net income or net loss that is calculated by deducting the expenses…

Q: Creative Sound Systems sold investments, land, and its own common stock for $33.0 million, $15.3…

A: Cash flow statement :— It is one of the financial statement that shows change in cash and cash…

Q: As the buyer for the rrysburg, you are evaluating a supplier organ returned acceptable bids within…

A: The question is based on the concept of Financial Accounting. Weighted average is the sum of the…

Q: On November 30, 2019, a U.S. company, with a December 31 year-end, enters a forward purchase…

A: Forward contract is an agreement between two parties to buy or sell an asset at a prespecified price…