Juicy Energy Industries develops and produces biomass, an alternative energy source. The company has an outstanding $10,000,000, 30-year, 10% bond issue dated July 1, 2007. The bond issue is due June 30, 2037. Some bond indentures require the corporation issuing the bonds to transfer cash to a special cash fund, called a sinking fund, over the life of the bond. Such funds help assure investors that there will be adequate cash to pay the bonds at their maturity date.
The bond indenture requires a bond sinking fund, which has a balance of $1,200,000 as of July 1, 2012. The company is currently experiencing a shortage of funds due to a recent acquisition. Dillip Fogel, the company's treasurer, is considering using the funds from the bond sinking fund to cover payroll and other bills that are coming due at the end of the month. Dillip's brother-in-law, a trustee in a sinking fund, has indicated willingness to allow Dillip to use the funds from the sinking fund to temporarily meet the company's cash needs.
One of the components of the human development index is the percentage of the population who are high school graduates. the average daily intake of protein. the number of...Apr 21 2021
Refer to the information provided in Figure below to answer the question that follow. TC Coses (5) 800 TVC 500 450 300 0 5 9 10 11 12 Units of output Refer to Figure Micr...Apr 06 2021
If US consumers want to buy Chinese goods, they will:a. Buy Yuan and sell Dollars. b. Neither buy nor sell Dollars. c. Neither buy nor sell Yuans.d. Sell Yuan and buy Dol...Jun 12 2021
In the first part of your strategic marketing plan, you stated your business mission and objectives, and performed a detailed SWOT analysis. In the second part of the pla...Jul 23 2021
Mika earns $333 per week which she spends entirely at the grocery store, purchasing either food or alcohol. The price of food is $1/unit, while the price of alcohol is $5...Jun 01 2021
Differentiate the given function with respect toJul 04 2021
Recently, a discussion on increasing the minimum wage in the United States has developed. Historically, Democratic members of Congress typically support increases in the ...Mar 17 2020
A jet aircraft is flying at an altitude of 4900 m, where the ambient pressure is approximately 55 kPa and the ambient temperature is - 18°C. The velocity of the aircraft ...Jun 07 2020
In nucleic acids, the free hydroxyl group is attached to the _______________ carbon of the sugar. (A) 5' (B) 4' (C) 3' (D) 2' (E) 1'Mar 14 2018
Mankiw’s Ten Principles of Economics This week, we jump right in and talk about markets You probably already have a sense of what a market is, but what do you know about ...Mar 17 2020