Answer:
The amount to be received onthe coupon date is $154000.
The amount to be received at bonds maturity is $4154000.
Explanation:
amount received on the next coupon date = 4000*$1000*7.7%*6/12
= $154000
amount to receive when the bonds mature = face value + interest
= 4000*$1000 + $154000
= $4,000,000 + $154000
= $4154000
Therefore, the amount to be received onthe coupon date is $154000 and the amount to be received at bonds maturity is $4154000.
Answer:
4 times
Explanation:
The inventory turnover ratio of the AD corporation can be calculated using the below mentioned formula:
Inventory turnover=Costs of goods sold/Average inventory
In given question
Costs of goods sold=$350,000
Assuming, inventory at year end= Average inventory=$87,500
Inventory turnover=$350,000/$87,500=4 times
Business used mass production to decrease prices and increase profits because since there was many of one product the prices had to decrease so people could afford the products and if more people buy the products then the businesses will gain more profits from it ( from mass production) .
This is an example of the Shoe-leather effect of inflation
Explanation: Here Carols faces a lot of inconvenience in minimizing the cash holdings he has in the fear of it losing its value in the long term. So, he pays a steep fee to convert which we can call as shoe leather costs.
Answer:
Marc's Adjusted gross income (AGI) for the current year is $32,000
Explanation:
Adjusted Gross Income (AGI): is the net income realized after deduction all the adjustments that reduce the total amount of the gross income. AGI is used mainly for calculation of tax returns, that is it is used to calculate what the actual tax should be based on what you really earn after adjustments.
In our example, the incomes within the current year are; ordinary income and short term capital gains. we do not use long term capital gains because they are gains on investments realized later than one year, and we are interested in the current year, while the adjustment to be deducted is the short term capital losses ($6,000). Hence;
AGI = (ordinary income + short term capital gain) - short term capital losses
AGI = (35,000 + 3000) - 6,000 = $32,000.