Pacific northern corp. needs new manufacturing equipment 37059

Question

Connect with a professional writer in 5 simple steps

Please provide as many details about your writing struggle as possible

Academic level of your paper

Type of Paper

When is it due?

How many pages is this assigment?

1. Pacific Northern Corp. needs new manufacturing equipment. Two companies can provide similar equipment but under different payment plans:

a. Henderson Manufacturing offers to let Pacific Northern pay $60,000 each year for five years. The payments include interest at 12% per year. What is the present value of the payments?

b. Southern Corp. will let Pacific Northern make a single payment of $400,000 at the end of five years. This payment includes both principal and interest at 12%. What is the present value of this payment?

c. Pacific Northern will purchase the equipment that costs the least, as measured by present value. Which equipment should Pacific Northern select? Why?

 Annuity Annuity of $1 at 12% for 5 years (Exhibit 12A-7)” Present Value
a. Henderson
Present Value of $1 at 12% for 5 years (Exhibit 12A-6) Present Value
b. Southern:

_________________

2 Lex Rolf is considering two plans for building an education fund for his children.

Plan A—Invest $2,000 each year to earn 10% annually for six years.
Plan B—Invest $10,000 now, to earn 8% annually for six years.

Before making any calculations, which plan would you expect to provide the larger future amount? Calculate the future value of each plan. Which plan provides the larger amount at the end of six years?

“Future Value of Annuity of $1 at 10% for 6 years (Exhibit 12A-4)” Future Value
Plan A:

“Future Value of $1 at 8% for 6 years (Exhibit 12A-2)” Future Value
Plan B:

_______________–

3 Orbit Corp. issued a $400,000, 10%, 15-year mortgage on January 1, 2007, to purchase warehouses.

Semiannual Interest Period Cash Payment Interest Expense Decrease in Principal Principal Balance
(10% x 6/12)
January 1, 2007 $400,00
June 30, 2007 $26,021 $20,000 $6,021 393,979
December 31, 2007 $26,021 $19,699 $6,322 387,657
June 30, 2008
December 31, 2008
June 30, 2009

Journal

Date Accounts and Explanations Post Ref. Debit Credit
2007
Jan 1

Jun 30

Requirements:
1. Complete the amortization schedule for Orbit Corp., assuming payments are made semiannually.
2. Record the journal entries for (a) issuance of mortgage on January 1, 2007, and (b) the first interest cash payment on June 30, 2007.

_______________________

4 Family Food Industries reported the following at September 30:

Long-term liabilities:
Convertible bonds payable $400,000
Less: Discount on bonds payable (12,000) $388,000

Requirements:
1. Record retirement of half of the bonds on October 1 at the call price of 101.
2. Imagine that the bonds had not been retired. What would cause the bondholders to convert their bonds into stock?

Journal
Date Accounts and Explanations Post Ref. Debit Credit

Oct 1

Computations:
Maturity value of bonds being retired
Less: Discount on bonds payable
Carrying value of bonds payable
Less: Market price
Loss on retirement of bonds payable

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

At 111papers.com, we value all our customers, and for that, always strive to ensure that we deliver the best top-quality content that we can. All the processes, from writing, formatting, editing, and submission is 100% original and detail-oriented. With us, you are, therefore, always guaranteed quality work by certified and experienced writing professionals. We take pride in the university homework help services that we provide our customers.

Money-Back Guarantee

As the best homework help service in the world, 111 Papers ensures that all customers are completely satisfied with the finished product before disbursing payment. You are not obligated to pay for the final product if you aren’t 100% satisfied with the paper. We also provide a money-back guarantee if you don’t feel that your paper was written to your satisfaction. This guarantee is totally transparent and follows all the terms and conditions set by the company.

Read more

Zero-Plagiarism Guarantee

All products that we deliver are guaranteed to be 100% original. We check for unoriginality on all orders delivered by our writers using the most advanced anti-plagiarism programs in the market. We, therefore, guarantee that all products that we submit to you are 100% original. We have a zero-tolerance policy for copied content. Thanks to our strict no plagiarized work rule, you can submit your homework to your professor without worrying.

Read more

Free-Revision Policy

TThis is one of the most cherished courtesy services that we provide to help ensure that our customers are completely satisfied with our finished products. Delivering the best final product to our customers takes multiple inputs. 111papers.com prides itself on delivering the best university homework help services in the writing industry. And, in part, our free revision policy is how we do it. What’s more, all our revisions are 100% free without any strings attached.

Read more

Privacy Policy

Client privacy is important to use. We know and understand just how important customers value their privacy and always want to safeguard their personal information. Thus, all the information that you share with us will always remain in safe custody. We will never disclose your personal information to any third party or sell your details to anyone. 111 Papers uses the most sophisticated, top-of-the-line security programs to ensure that our customers’ information is safe and secured.

Read more

Fair-Cooperation Guarantee

Placing your order with us means that you agree with the homework help service we provide. We, in turn, will endear to ensure that we do everything we can to deliver the most comprehensive finished product as per your requirements. We will also count on your cooperation to help us deliver on this mandate. Yes, we also need you to ensure that you have the highest-quality paper.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency