A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
Eddie industries issues $1,500,000 of 8% bonds at 105, the amount of cash received from the sale is
Solution:
It is given that
Face value of bonds = $1,500,000
Issued price = 105
Cash received from the sale can be found by multiplying the face value with the issued price.
So we get,
Cash received from the sale = 1,500,000 × 105/100
= 1,575,000
Therefore, the amount of cash received from the sale is $ 1,575,000.
Eddie industries issues $1,500,000 of 8% bonds at 105, the amount of cash received from the sale is
Summary:
Eddie industries issues $1,500,000 of 8% bonds at 105, the amount of cash received from the sale is $ 1,575,000.
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