The bond value computed shows that the percentage change in the price of Bill's bond is -10.20%.
<h3>How to calculate the percentage</h3>
From the information given, the following can be deduced:
Nper = 10
PMT(semi annual payment) = 1000 × 12.4% × 0.5 = 62
FV (face value) = 1000
Rate = (12.4 + 3)/2 = 7.7%
New bond value = PV(7.7%, 10.62, 1000) = $897.97
Therefore, the percentage change will be:
= (897.97 - 1000)/1000
= -10.20%.
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<span>Failure to shred financial documents, as given in option A, puts you at risk for dumpster diving. If financial documents are not shredded, then it is possible for bad actors going through your trash to recover personal and confidential information which can be used for various kinds of fraud and theft.</span>
Answer:
Weighted average contribution margin= $1.85
Explanation:
Giving the following information:
It sells two large drinks for every small drink. A large drink sells for $3.00 with a variable cost of $ 0.60. A small drink sells for $ 1.25 with a variable cost of $ 0.50.
To calculate the weighted average contribution margin, we need to use the following formula:
Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)
Sales proportion:
Large drink= 0.67
Small drink= 0.33
Weighted average contribution margin= (0.67*3 + 0.33*1.25) - (0.67*0.6 + 0.33*0.5)
Weighted average contribution margin= 2.4225 - 0.567
Weighted average contribution margin= $1.85
