Lance Armstrong Inc. manufactures

E6-5 (Computation of Present Value)Using the appropriate veneration table, compute the present sic of the following consummationic amounts ascribable at the oddity of the designated periods. (a) $30,000 referable atthe depot of each period for 8 periods compounded at 12%. $30,000 X 4.96764 = $149,029.20(b) $30,000 payments to be made at the destruction of each period for 16 periods at 9%. $30,000 X 8.31256 = $249,406.80. (c) $30,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%. ($30,000 X 3.03735 X .50663 = $46,164.38. or(5.65022 ? 4.11141) X $30,000 = $46,164.30 (difference of $.08 overdue to rounding). E6-13 (Computation of Bond Liability)Lance Armstrong Inc. manufactures die equipment. Recently the vice chair of operations of the company has pass on construction of a smart give to meet the subjoin demand for the company?s bikes. After a thoughtful evaluation of the request, the board of directors has fixed to raise funds for the sunrise(prenominal) dress by yield $2,000,000 of 11% term unified bonds on jar against 1, 2007, due on March 1, 2022, with pertain payable each March 1 and September 1. At the time of issuance, the market pertain rate for similar pecuniary instruments is 10%. InstructionsAs the controller of the company, go over the merchandising price of the bonds. PV?OA = R (PVF?OAn, i)PV?OA = $110,000 (PVF?OA30, 5%)PV?OA = $110,000 (15.

37245)PV?OA = $1,690,970PV = FV (PVFn, i)PV = $2,000,000 (PVF30, 5%)PV = $2,000,000 (0.23138)PV = $462,760The selling price of the bonds = $1,690,970 + $462,760 = $2,153,730. E23-11 (SCF?Indirect Method)Condensed fiscal data of Pat Metheny beau monde for 2008 and 2007 are presented below. Additional information:During the year, $70 of common computer memory was issued in exchange for plant assets. No plant assets were interchange in 2008. InstructionsPrepare a apologue of cash flows using the indirect method. (L0 6)Pat Metheny... If you want to get a full essay, order it on our website: Orderessay

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