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olga2289 [7]
2 years ago
11

A customer buys 10 Allied Corporation 8% debentures, M '25, at 90 on Tuesday, Oct 9th. The interest payment dates are Feb. 1 and

Aug. 1. The trade settled on Thursday, October 11th. The annual interest payments amount to:
Business
1 answer:
pshichka [43]2 years ago
5 0

Based on the information given the annual interest payments amount to:$800.

<h3>Annual interest payments:</h3>

The 10M represent 1-1,000 bonds which is $10,000

Using this formula

Annual interest payment= Interest rate annually×Bonds

Where:

Interest rate annually=8%

Bonds=$10,000

Let plug in the formula

Annual interest payment=8% of $10,000

Annual interest payment=$800

Inconclusion the annual interest payments amount to:$800.

Learn more about annual interest payment here:brainly.com/question/2151013

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Complete the sentences to describe two different ways to rearrange slides in PowerPoint.
zimovet [89]

Answer:

In normal view, go to the slide deck.

Then, click and drag a slide thumbnail to a new position.

Or, in Slide Sorter View, drag and drop slides to a new location in the presentation.

7 0
2 years ago
Which of the following is true of grapevine communication? a. It has a reputation for being speedy but inaccurate. b. It passes
Tomtit [17]

Answer:

The correct answer is a. It has a reputation for being speedy but inaccurate.

Explanation:

Taking into account the nature of this type of information (Informal), the idea that the greatest advantage is speed is reinforced because it is not necessary to comply with a series of regular channels such as authorizations or document printing to transmit the message. . However, within informal communication, a series of interpretations is usually generated that can generate a wrong handling depending on the person who receives it, so it is not advisable to do this unless the importance of the message is low and it can be communicated assertive way.

7 0
3 years ago
Read 2 more answers
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
maw [93]

Answer:

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

Explanation:

The beginning Raw Materials Inventory balance = $22,000

The materials used to complete jobs during the month = $141,000 of direct materials and $13,000 of indirect materials

Journal entry for raw material used will be :

Dr. Work in process Inventory $141,000

Cr. Raw materials Inventory $141,000

The form of inventory is modified but the company's assets remain in the form of Work in Process. Assets are debited at all times.

5 0
3 years ago
If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and
MrRa [10]

If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the M1 money multiplier is (A) 2.54.

<h3>What is Money Supply?</h3>

The interest rates depend on the money supply and money demand. Generally, the interest rate directly relates to money demand and has an inverse relationship with the money supply. M1 money supply includes currency in circulation and checkable deposits with bank.

Formula :

m 1 = 1 + ( C / D ) / [ r r + ( E R / D ) + ( C / D ) ]

Where:

C/D = currency ratio

ER/D = excess reserves ratio

So if :

Required reserve ratio (rr) = .15

Currency in circulation = $400 billion

Deposits = $1000 billion

Excess reserves = $1 billion

m 1 = 1 + ( 400 / 1000 ) / ( .15   +   ( 1 / 1000 ) + ( 400 / 1000 ) )

m 1 = 1.4 / ( .15 + .001+ .4 )

m 1 = 1.4 / .551

m 1 = 2.54

Therefore , we can conclude that the correct option is A.

Your question is incomplete, but most probably your full question was:

If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the M1 money multiplier is

A) 2.54.

B) 2.67.

C) 2.35.

D) 0.551.

Learn more about Money Supply on:

brainly.com/question/25803402

#SPJ4

5 0
2 years ago
During the year, Wright Company sells 415 remote-control airplanes for $100 each. The company has the following inventory purcha
mihalych1998 [28]

Answer:

See explanation section.

Explanation:

We know, first in first out (FIFO) inventory system shows that items were sold those were purchase earlier.

Cost of good sold under FIFO method,

Jan. 1 Beginning inventory                       50 units × $75 = $3,750

May. 5 Purchase                                       215 units × $78 = $16,770

<u>Nov. 3 Purchase                                        150 units × $83 = $12,450</u>

Cost of good sold                                      415 units            = $32,970

Ending inventory = Total inventory - cost of good sold

Ending inventory = 430 units - 415 units = 15 units

Cost of inventory = Total cost - Cost of good sold

Cost of inventory = $34,215 - $32,970 = $1,245

7 0
3 years ago
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