I LOVE that you say, "Can't do the math," for simple computations. But you have explained Accounting so clearly, I am understanding processes that I have been banging my head against the wall over. I'm taking an online class and it's been so frustrating. I wish I'd found you months ago!
I thought the 8% is for the 3 year bond. Why it's annual? Because if that bi-annual and the interest is 8k then 4k per 6 mos which is correct, but my question is, does it really mean 8% per year or for the whole 3 years? I thought i need to divide 8k by 6 so the interest expense is 1,333.33 something. Please teach me and correct me. It's really confusing for me.
I'm not sure what the 102.1 represents and is confusing for me to follow along and compare it to my own work, is it possible for you to clarify that for me?
Thank you so so so much for this video! All these numbers become overwhelming! My teacher is teaching effective method and straight line method so understanding when I needed to find present value was just so confusing. Again thank you!
I understand the video but its very difficult to answer same problems like applying the lessons your taught. I dont know how or what should i do. I want to be a CPA,too. Someday🥺 im so hopeless.
I really enjoy your videos. I currently am a student and my teacher confuses me so much and its hard to learn!! But being able to watch your videos really helps!! Thank you for posting!!
I LOVE that you say, "Can't do the math," for simple computations. But you have explained Accounting so clearly, I am understanding processes that I have been banging my head against the wall over. I'm taking an online class and it's been so frustrating. I wish I'd found you months ago!
I thought the 8% is for the 3 year bond. Why it's annual? Because if that bi-annual and the interest is 8k then 4k per 6 mos which is correct, but my question is, does it really mean 8% per year or for the whole 3 years?
I thought i need to divide 8k by 6 so the interest expense is 1,333.33 something.
Please teach me and correct me. It's really confusing for me.
Excellence video, thank you so much. Subscribed
This was exceptionally helpful! I struggle with bonds, and you broke it down beautifully. Thank you!
I'm not sure what the 102.1 represents and is confusing for me to follow along and compare it to my own work, is it possible for you to clarify that for me?
I am late but 102.1 means that it was paid 102.1% x 100,000 (face value). The 2.1% represents the premium (2,100).
I failed a test because of this... I must understand the concept!
Don't fail the test. That's not the goal of these videos! But hope this helped you on the exam. Patrick
Thank you so so so much for this video! All these numbers become overwhelming! My teacher is teaching effective method and straight line method so understanding when I needed to find present value was just so confusing. Again thank you!
Glad this was helpful. It can be complicated! - Patrick
I understand the video but its very difficult to answer same problems like applying the lessons your taught. I dont know how or what should i do. I want to be a CPA,too. Someday🥺 im so hopeless.
Well done Patrick. Very informative and helpful.
Glad you enjoyed it
I really enjoy your videos. I currently am a student and my teacher confuses me so much and its hard to learn!! But being able to watch your videos really helps!! Thank you for posting!!
This helps me alot thank you!
Thanks for watching. I hope my other lessons are just as helpful. - Patrick
wow, thank you!
You're very welcome. Hopefully my other videos are just as helpful. - Patrick
@@PatrickLeeCPA Yes I watched, the whole Intro to Financial Accounting Playlist, will also tell my classmates about it!