Dhalia Corporation issued $100 million bonds that mature in 30 years and have a 5% coupon rate that is paid annually. If the bonds were sold to yield 3.4%, determine the price of the bonds at the end of year 5.
A) $103,202,658 B) $105,659,506 C) $107,244,589 D) $118,559,603 E) $126,658,944
A) help create stable demand. B) have very little effect on the timing of customer orders. C) tend to create spikes in customer orders. D) ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.
Present entries to record the following selected transactions of Masterson Co.(a)Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100.(b)Purchased 3,500 shares of the 10,000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted for by the equity method.(c)Received a cash dividend of $1 per share on the Dankin Corporation stock acquired in (a).(d)Received a cash dividend of $2 per share on the Ramon Co. stock acquired in (b).(e)Sold 100 shares of the Dankin Corporation shares acquired in (a) for $2,100.(f)Dankin Corporation reported net income of $30,000 and Ramon Company's reported net income was $50,000.