Convertible bonds are normally ________
A) debentures
B) income bonds
C) zero coupon bonds
D) mortgage bonds
A
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Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bond's price?
A. $923.22 B. $946.30 C. $969.96 D. $994.21 E. $1,019.06
Breakeven is when total fixed costs equal total revenues
Indicate whether the statement is true or false
The accounting records of Calli Inc indicate that the firm sold for $1,800 during Year 2 a machine originally costing $6,000, with accumulated depreciation of $4,600 . The journal entry made to record this sale was as follows: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1,800 Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . 4,600
Loss on Disposal of Equipment . . . . . . . . . . . . . . . . . . . . 400 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000 In preparing the statement of cash flows using the work sheet, the accountant. a. adds the $400 loss to net income in computing cash flow from operations. b. subtracts the $400 loss from net income in computing cash flow from operations. c. adds the $400 loss to net income in computing cash flow from investing activities. d. subtracts the $400 loss from net income in computing cash flow investing activities. e. subtracts the $400 loss from retained earnings in computing cash flow investing activities.
Materials used by Square Yard Products Inc in producing Division 3's product are currently purchased from outside suppliers at a cost of $5 per unit. However, the same materials are available from Division 6. Division 6 has unused capacity and can produce the materials needed by Division 3 at a variable cost of $3 per unit. A transfer price of $3.20 per unit is established, and 40,000 units of
material are transferred, with no reduction in Division 6's current sales. How much would Division 3's income from operations increase? A) $150,000 B) $50,000 C) $32,000 D) $72,000