In may 1868, an entrepreneur issued $1000 bonds (to pay for an access road in a city). the bonds carried an 8% annual interest rate payable semiannually. the entrepreneur paid the interest until may 1894, at which time the city assumed responsibility for the bonds (and the road they financed). (a) the first of these bonds matured in may 2010. at that time, how much interest had the city paid on this bond? (b) another of these bonds will not mature until may 2143! at that time, how much interest will the city have paid on this bond?

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?