Answer:
Price of bond = $916.26
Explanation:
<em>The amount to be paid for the bond would be equal to the Present value (PV) of the redemption Value (RV) plus the present value of the interest payments discounted at the yield rate.</em>
Let us assume that the face value of the bond is 1000 and it is redeemable at par
Interest payment = 6.375%× 1000 = 63.75
PV of interest payment = A× (1- (1+r)^(-n))/r
A- 63.75, r-8.5%, n-5
PV = 63.75 ×(1- (1.085)^(-5))/0.085)
PV = 251.215
PV of RV
PV = RV × (1+r)^(-5)
= 1,000 × (1.085)^(-5)
= 665.045
Price of bond = $916.26
Answer:
Kelli can deduct up to $6,000 in expenses from her net income, so her net income for this year would be $0. She could have deducted an even larger amount if her net income had been higher (up to $12,000 in deductions), since you can only deduct up to the amount of your net income.
Answer:
Total cost= $8,966
Explanation:
Giving the following information:
Direct materials $3,991
Direct labor-hours 85 labor-hours
Direct labor wage rate $13 per labor-hour
Machine-hours 129 machine-hours
The predetermined overhead rate is $30 per machine-hour.
The total cost is calculated as follow:
Total cost= direct material + direct labor + allocated overhead
Total cost= 3,991 + (85*13) + (129*30)
Total cost= $8,966
Answer:
b) Initiator
Explanation:
As Martha owns a chocolate factory where each chocolate treat is made by hand. Her assistant Daniel feels that the rate of production can be dramatically increased if the company switched to an automated assembly line to manufacture the chocolates. When he proposes this idea to Martha, she agrees and begins evaluating different vendors who might provide the equipment to the company. Daniel has performed the role of initiator in this purchasing process. In purchasing process, there are many people involved:
Initiator - Influencer - Decider - Buyer - User
Initiator starts the idea, presents the idea of buying something which then is influenced and enhanced by the influencer, and then actual decider decides the buying product and is being bought then and further used by someone. These all persons can be the same person and or either one single person can perform all of these roles but here in this case Daniel has performed the role of initiator as he has given the advise of automation to Martha.
Explanation:
A database is a huge stock of data stored on a computer that can be managed by the software. When data and details of anything is stored in a software, and the purpose is to retrieve and use information when needed, a database is created. Thousands and thousands of records are there in a database and it is impossible to find the desired record by screening all the records one by one. So for this purpose, databases are made intelligent. There are different search queries that are used to get the records of only required data. Like in this example, John needs to find out the records of parts that fit in a machine A100. So what john will do, he will just put a search command on the search bar in the database to show record of parts that fitt in machine A100. Then the database will search those results and show only required asked records to john.
