Ask Question
BusinessBusiness
29 November, 06:52

On january 1, applied technologies corporation (atc) issued $510,000 in bonds that mature in 10 years. the bonds have a stated interest rate of 8 percent. when the bonds were issued, the market interest rate was 8 percent. the bonds pay interest once per year on december 31. required: 1. determine the price at which the bonds were issued and the amount that atc received at issuance

+5
Answers (1)
  1. 29 November, 08:16
    0
    The correct answer for both is $510,000.

    Explanation:

    According to the scenario, the computation of the given data are as follows:

    Issued in Bonds = $510,000

    Interest rate = 10%

    Market rate = 10%

    As, interest rate is equal to market rate of the the bond, So it can be considered as bonds are issued at the face value.

    So, the issued price = $510,000

    The issuance amount = $510,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On january 1, applied technologies corporation (atc) issued $510,000 in bonds that mature in 10 years. the bonds have a stated interest ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A growing car dealership would like to expand its market with online sales. To do this, they want to allow customers to put together their own options and be able to watch a video of a car using these options.
Answers (2)
Determine the net income of a company for which the following information is available for the month of September. Service revenue $ 300,000 Rent expense 48,000 Utilities expense 3,200 Salaries expense 81,000
Answers (1)
Little's law states that the average number of people in a waiting line is the average customer arrival rate multiplied by the:
Answers (1)
Which of the following is true of the Discount on Bonds Payable account? The bonds are due inten years. A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on thebalance sheet.
Answers (1)
Laura owns 6,700 shares of GP Global stock worth $92,460. The firm has 15,000 shares outstanding. Each share is entitled to one vote under the straight voting policy of the firm.
Answers (1)
New Questions in Business
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply. 1) A higher price level decreases the real value of consumers' assets.
Answers (1)
If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?
Answers (1)
Explain how globalization influence management
Answers (1)
Home » Business » On january 1, applied technologies corporation (atc) issued $510,000 in bonds that mature in 10 years. the bonds have a stated interest rate of 8 percent. when the bonds were issued, the market interest rate was 8 percent.
Sign Up Forgot Password?