Answer:
Yield To Maturity is 7.82% per year and 3.9% per 6 months
Explanation:
Assuming Coupon value is $100
C = Coupon Payment = 100 x 8.1%/ = $8.1
F = Face Value = $100
P = Price = $102
n = number of years = 10
Yield To Maturity = ( C + ( F - P )/n ) / ( ( F + P ) / 2 )
Yield To Maturity = ( $8.1 + ( $100 - $102 )/10 ) / ( ( $100 + 102 ) / 2 )
Yield To Maturity = $7.9 / $101
Yield To Maturity = 7.82%
Answer:
I) Days sales outstanding (DSO) for all customers? 48.7days
= (53*0.9)+(10*0.1) = 48.7 days
II) Net sales? $166.600
The Net sales = Gross sales - sales allowance
The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==> 0.02 * 0.1 * 170 ===> 0.34 mn
∴ The Net sales = 17 - 0.34 mn = 16.66 mn
Amount paid by discount customers? $13.600
Explanation:
I. General Credit Policy Information
Credit stamps 2/10 Net 30
Days sales outstanding (DSO) for all customers 48.7days
DSO for customers who take the discount (10%) 10days
DSO for customers who forgo the discount (90%) 53days
II. Annual Credit Sales and Costs ($ millions)
Gross sales $170.000
Net sales? $166.600
Amount paid by discount customers $13.600
Amount paid by non discounted customers $153.000
Variable operating costs (82% of gross sales) $139.40
Bad debts $0.0
Credit evaluation & collection costs (10% of gross sales) $17.00
Answer:
Wei Company
Journal Entry:
Debit Allowance for Doubtful Accounts $7,800
Credit Accounts Receivable $7,800
To write-off accounts determined to be uncollectible.
Explanation:
a) Data and Calculations:
Allowance for Doubtful Accounts (Balance) = $35,000
Uncollectible accounts:
Oakley Co. $1,400
Brookes Co. $6,400
Total = $7,800
b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable. This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.
Monopoly: possession or control of a supply or trade in service. (in other words a business with little to no competition. Not common in the US.)Cartel: association of manufacturers with purpose of setting prices high to restrict competition.
Michael's estimated current monthly take-home pay is $4,500. His total existing monthly disability benefits are $2,950. Michael's estimated monthly disability benefits needed are: $1,550.
<h3>What conditions are considered disability?</h3>
- According to the law, a physical or mental impairment that can be expected to cause death or that has lasted or is anticipated to last for a continuous period of at least 12 months qualifies as a disability if it prevents the person from engaging in any substantial gainful activity (SGA).
- Any additional benefits you received while receiving Disability Allowance or Blind Pension can be kept if you continue to work. However, your higher income may have an impact on how much Rent Supplement you receive. In general, when you participate in an employment scheme, you can keep any additional benefits you were receiving.
- Ask yourself where you stand in relation to your full retirement age if you're wondering whether disability would pay more. Disability levels will be higher if you fall below it. Social Security will be higher if you are over it.
To learn more about : Disability benefits
Ref : brainly.com/question/16810465
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