Solved: Annual sinking fund deposits, Accounting Basics

+44 141 628 6080
[email protected]

Annual sinking fund deposits

Question: Gordon Company issued $1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $80,000. The deposits are made at the end of each year into an account paying 5% annual interest. What amount will be in the sinking fund at the end of 10 years?

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Annual sinking fund deposits

Reference No:- TGS01942978

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Accrual-based ratio

Give an example of one accrual-based ratio and one cashbased ratio to measure these characteristics of a company: (a) liquidity, (b) solvency, (c) profitability

Q : Importance of sub-contracting and outsourcing in projects

Analyze and discuss the role, process, and importance of sub-contracting and outsourcing in projects.

Q : Identify important and distinct government policies

Identify at least two important and distinct government policies for each country that has helped lead to their unique experience.

Q : Financial accounting-return on investment

What amount should Smolinski Company pay for this investment to earn a 15% return?

Q : Annual sinking fund deposits

Gordon Company issued $1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $80,000.

Q : Competitive bidding on incomplete procurement contracts

Write a summary of this study and its findings. Analyze and discuss the role and importance of subcontracting in project management

Q : Contemporary perception of womens roles in religion

After reading Chapter of Gender in Cross-Cultural Perspective, discuss the importance of maintaining kinship ties within one of the cultures.

Q : Evaluate seth goldmans leadership performance

Evaluate Seth Goldman's leadership performance on the concept of the "Triple Bottom Line" using at least two (2) examples from both resources.

Q : Disadvantages of global sourcing

Outsourcing, especially to low labor-cost countries, has grown substantially. Be sure to address the following in your paper:

1934837

Questions
Asked

3,689

Active Tutors

1412148

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported