Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $130 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $115 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $120 million.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $130 million of 8% bonds, dated January 1, on January 1, 2021. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Macro-marketing: 1. is concerned with the activities performed by individual business organizations. 2. none of the above is true. 3. refers to a set of activities performed by both profit and nonprofit organizations. 4.
Answers (1)
The LaGrange Corporation had the following budgeted sales for the first half of the current year: Cash Sales Credit Sales January $ 40,000 $ 140,000 February $ 45,000 $ 160,000 March $ 35,000 $ 120,000 April $ 30,000 $ 115,000 May $ 40,000 $ 190,000
Answers (2)
In a statistical study what is the difference between an individual and a variable?
Answers (1)
Ray was chosen by his boss to lead a team of coworkers during a companywide project. Ray spent a lot of time getting to know each of his individual team members and fostering intergroup relationships.
Answers (2)
McMahon Inc. reported the following on the company's statement of cash flows in Year 2 and Year 1: Year 2 Year 1 Net cash flow from operating activities $294,000 $280,000 Net cash flow used for investing activities (224,000) (252,000) Net cash flow
Answers (1)
New Questions in Business
Now consider a strangle using the same call with a strike price of $100 and a different put with a strike price of $95. Both have the same expiration date.
Answers (1)
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 Percent. The relevant tax rate is 35 percent.
Answers (1)
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)