Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018,

Response and Clarification:a. The journal entry is displayed below:-

1. Cash Dr, $32,433,150

To Premium on Bonds Payable $2,433,150

To Bonds Payable $30,000,000

(Sale of bonds is recorded)

2. Interest Expense Dr, $1,297,326

($32,433,150 × 4%)

Premium on Bonds Payable Dr, $202,674

To Cash $1,500,000

($30,000,000 × 5%)

(First semiannual interest payment, including premium amortization is recorded)

3. Interest Expense Dr, $1,289,219

($32,433,150 - $202,674) × 4%

Premium on Bonds Payable Dr, $210,781

To Cash $1,500,000

(Second semiannual interest payment, including premium amortization is recorded)

($30,000,000 × 5%)

b. Total annual interest paid = $3,000,000

Less: Premium amortized = $364,094

($202,674 + $161,420)

Interest expense for the first year = $2,635,906

Answer:

Coca Cola's dominant strategy is strategy 1.

Explanation:

A dominant strategy refers to the choice a company makes that yields the maximum benefit compared to other available options. In this scenario, Coca Cola's optimal move is to choose strategy 1, as it results in the highest possible profit for the company.

Answer: One potential action is to contact the credit card company to inquire if the payment can be made over the phone.

Explanation:

Other alternatives for settling a credit card bill without mailing include online payments. You'll need to create an online account, which typically requires your account number and some identification details. After registering, you can select the pay now feature to use your debit card or an online checking option for payment. It will process swiftly, though it may take a day to reflect in your account.

Most credit card companies offer an automated service allowing customers to make payments during the call. You'll require your card number, social security number, and debit card details for this transaction. While these payments are commonly free, it may vary based on the specific credit card provider.