What is the interest expense of the second installment? (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx)

The following problems (23 – 27) are related with the following information: The comparative balance sheets for the Bale Company for Year 1 and Year 2 are presented below. The dividend declared and paid in Year 2 is $13,500.   Year 1 Year 2 Cash $36,000 $48,000 Noncurrent Assets 132, 000 183,000   Total Assets $168,000 $231,000       Current Liabilities $0 $0 Noncurrent Liabilities 99,000 75,000   Total Liabilities $99,000 $75,000 Contributed Capital $49,500 $90,000 Retained Earnings 19,500 66,000   Total Shareholders’ Equity $69,000 $156,000   Total Liabilities and Shareholders’ Equity $168,000 $231,000 The net income of year 2 is: (3 points. Please write positive cash flows as $xx,xxx and negative cash flows as -$xx,xxx)

The following questions (30 – 32) are related with the following information: On January 1, 2010, Brightstar Inc. issues $1,000,000 of 8%, semiannual 3-year coupon bonds with yield-to-maturity of 10%. The present value of all future cash flows is $949,242. What is the cash raised from the bond issuance? (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx)

Prepaid assets are valued on the balance sheet at (2 points)

Rapidly growing firms must often _____ to finance their acquisitions of noncurrent assets

What is the amount of cash paid to suppliers for merchandise during year 8? (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx)

The following questions (35 – 36) are related with the information below: On January 1, 2010, Hampton purchased equipment at a cost of $400,000. The installation cost is $20,000. The equipment has a 10 year life and an expected salvage value at the end of 10 years of $20,000. On January 1st, 2011, Hampton revised the useful life of the computers to a total of 14 years to replace the original assumption of 10 years and the salvage value to $30,000. What is the annual depreciation expense for year 2010? (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx) 

Which is a source of cash? (2 points)

Examples of nonmonetary transactions is/are:

Q5. (20 pts) In the following cable system, mass at B is 70 kg and mass at C is 25 kg. What magnitude of the force P is required to maintain the equilibrium at the given position? Your solution must include FBDs.