Evaluate alternative financing plans. Based on the data in Exercise 14-1. What factors other than earning per share should be considered in evaluating these alternative financing plans? Corporate financing The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. What is the major source of financing for Nike? United States Steel 7.375% bonds due in 2020 were reported as selling for 103.00. were the bonds selling at a premium or at a discount? Why is United states Steel able to sell its bonds at this price? Gabriel Co. produces and distributes semiconductors for use by computer manufacturers. Gabriel Go issued $600.000 of 10-year. 8% bonds on May 1 of the current sear at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transcribed for the current year. May 1, Issued the bonds for cash at their face amount. Nov. 1. Paid the interest on the bonds. Dec.31. Recorded accrued interest for two months. On the first day of its fiscal year. Pretender Company issued $ 18,500.000 of five-year. bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of resulting in Pretender Company receiving cash of $17,13H.20H. Journalize the entries to record the following. Issuance of the bonds. First semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar). Second semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar.) Determine the amount of the bond interest expense for the first year. Show transcribed image text Evaluate alternative financing plans. Based on the data in Exercise 14-1. What factors other than earning per share should be considered in evaluating these alternative financing plans? Corporate financing The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. What is the major source of financing for Nike? United States Steel 7.375% bonds due in 2020 were reported as selling for 103.00. were the bonds selling at a premium or at a discount? Why is United states Steel able to sell its bonds at this price? Gabriel Co. produces and distributes semiconductors for use by computer manufacturers. Gabriel Go issued $600.000 of 10-year. 8% bonds on May 1 of the current sear at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transcribed for the current year. May 1, Issued the bonds for cash at their face amount. Nov. 1. Paid the interest on the bonds. Dec.31. Recorded accrued interest for two months. On the first day of its fiscal year. Pretender Company issued $ 18,500.000 of five-year. bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of resulting in Pretender Company receiving cash of $17,13H.20H. Journalize the entries to record the following. Issuance of the bonds. First semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar). Second semiannual interest payment. The bond discount is combined with the semiannual interest payment. (Round your answer to the nearest dollar.) Determine the amount of the bond interest expense for the first year.
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