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Anettt [7]
2 years ago
11

Sykora Corp. sells $540,000 of bonds to private investors. The bonds are due in 5 years, have a 6% coupon rate and interest is p

aid semiannually. Sykora received $490,222 for the bonds at issuance. The effective rate on these bonds is:
Business
1 answer:
Katen [24]2 years ago
7 0

The effective rate on these bonds is 7.17%

<h3>What is the effective rate?</h3>

The effective interest rate of a bond is the rate that equates the present value of the bond's future interest payments and the bond's maturity value to the bond's current market value.

The effective interest rate can be determined using a financial calculator:

  • Cash flow in year 0 = -490,222
  • Cash flow from period 1 - 12 = 6% x 540,000 = 32,400
  • Cash flow in year 6 or period 12 = $540,000

effective interest rate = 7.17%

To learn more about effective interest rate, please check: brainly.com/question/13735414

#SPJ1

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Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct
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Answer:

Variable overhead efficiency variance= $558 favorable

Explanation:

Giving the following information:

Variable overhead 0.60 hours $ 3.10 per hour

Actual output 4,100 units

Actual direct labor-hours 2,280 hours

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (0.6*4,100 - 2,280)*3.10

Variable overhead efficiency variance= $558 favorable

8 0
3 years ago
Discuss the possible causes of change in Shoprite​
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Answer:

Economical factors, company reasons, innovative leadership, business growth, and competitor actions are common causes of business change.

Explanation:

The economic factors influencing business activities

In a country concerned with the production, distribution, and use of goods and services, the economy includes all activities.

The economic environment has a major impact on companies. Consumer expenditure affects prices, investment decisions, and the number of employees employed by enterprises.

In four main ways, the economic climate affects companies:

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6 0
3 years ago
What is a type of tort?
fomenos

Answer:

There are 3 main types of tort; intentional tort, negligence tort and strict liability

Explanation:

By definition, a  tort is a civil offense against another person. The victim who suffers in that offense can sue for damages, get represented by a lawyer  and receive a compensation. There are 3 main types of tort; intentional tort, negligence tort and strict liability. Tort laws are followed when making a decision whether to hold a person legally responsible for the breach against another, and the type of compensation the injured party receives.An intentional tort for example is a civil offense committed when a person engages in intentional conduct that results in damages to another.

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3 years ago
On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond ma
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3 years ago
Jeanine, the operations manager of an auto dealership, has been redesigning operations. She feels there are many places where th
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3 years ago
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