Answer:
$188,947
Explanation:
Data provided in the question:
Future value = $190,000
Time, t = 270 days = \text{ 270 days } =
= 0.73973 years
Interest rate = 0.75% = 0.0075
Compounded quarterly i.e number of periods n = 4
Now,
Future value = Amount invested × 
or
$190,000 = Amount invested × 
or
$190,000 = Amount invested × 
or
Amount invested = $188,947
Answer:
$35,706
Explanation:
Machining:
= Cost ÷ Total MHs
= $43,200 ÷ (7,300 + 2,700) MHs
= $43,200 ÷ 10,000 MHs
= $4.32 per MH
Order Filling:
= cost ÷ Total orders
= $13,900 ÷ (600 + 1,400) orders
= $13,900 ÷ 2,000 orders
= $6.95 per order
Overhead cost for Product N8:
= Machining + Order Filling
= ($4.32 per MH × 7,300 MHs) + ($6.95 per order × 600 orders)
= $31,536 + $4,170
= $35,706
Answer:
7.75%
Explanation:
We are given the present and future value of the bonds, the payments, and the number of payments, but we must determine the discount rate. Since I like to use excel, I will prepare a payment a series of cash flows to determine the internal rate of return:
- initial cash flow = -1,128
- 37 cash flows = 88
- 38th cash flow = 1,088
using the IRR function:
=IRR(-1128,88 ... 37 times,1088) = 7.75%
In order for Bdj Co. to be able to sell their bonds at par value, they should offer a 7.75% coupon rate.
