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1 year ago

The following bond was quoted in The Wall Street Journal:

1 answer:

6 0

If Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more that the 5 bonds cost today is: $75.

<h3>Cost of bonds today</h3>

Using this formula

Bond Yield =Total annual interest of bond / Total current cost of bond at closing

First step is to calculate the Closing bonds

Closing bonds=(96.875 x 10)× 5 bonds

Closing bonds= $968.75 × 5 bonds

Closing bonds= $4,843.75

Second step is to calculate the Next day cost of bonds

Next day cost of bonds=[(96.875 + 1.50) x 10]× 5 bonds

Next day cost of bonds = $983.75 × 5 bonds

Next day cost of bonds= $4,918.75

Third step is to calculate the Cost of bonds today

Cost of bonds today=$4,918.75 - $4,843.75

Cost of bonds today = $75

Therefore If Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more that the 5 bonds cost today is: $75.

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Answer:

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2 years ago

Roberson Corporation was organized on January 1, 2014, with authorized capital of 750,000 shares of $10 par value common stock.

Novosadov [1.4K]

Answer:

additional paid capital = $63000

Explanation:

Given data

share = 750000 @ $10 / common stock

issued = 30,000 shares @ $12 per share

purchased = 3,000 shares @ $13 per share

sold = 3,000 shares @ $14 per share

to find out

the amount of Additional paid-in capital

solution

we know here additional paid capital is sum of all value

so we find first

issued value that is

issue share value = no of share × excess per share

issue share value = 30000 × (12-10)

issue share value = $60000 ...............................1

and

purchased value

purchased share value = no of share × excess per share

purchased share value = 3000 × (13-10)

purchased share value = $9000 ...............................2

and

sold value

sold share value = no of share × excess per share

sold share value = 3000 × (14-10)

sold share value = $12000 ...............................3

additional paid capital is sum of equation 1 , 2 and 3

additional paid capital = $60000 + $9000 +$12000

additional paid capital = $63000

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3 years ago

Rhett corporation manufactures and sells dress shirts. each shirt (unit) requires 3 yards of cloth. selected data from rhett's m

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Rhett corporation's Plan on budgeted purchasing in may is 97,600 yards

Explanation:

Opening inventory of May = Closing inventory of April = 2100 yards

Budgeted production of May = 32,000 units

Closing inventory of May = 2800 yards

Required inventory for producing 32,000 units

= 32,000 × 3 yards (per unit production of shirt) = 96,000 yards

Plan on purchasing in may

= Total yards needed - opening inventory + closing inventory

= 96,000 - 2100 + 2800 = 97,600 yards

$= 96,000 - 2100 + 2800 = 97,600 yards$

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2 years ago

gross domestic product understates the total production of final goods and services because of the omission of

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90% sure that your answer is (household production)

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2 years ago

Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly. How long will it

miskamm [114]

Answer:

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

Explanation:

SOLUTION:

Using the Formula: A = P(1+r/n) ${nt}$

Where:

A= $60.00;

P = $3,200.00;

r = 12.9%;

n = 12

t =?

Substituting the values into the Formula =

$60 = $3,200(1 + 12.9%/12) ${12t}$

= $60 = $3,200(1 + 12.9%/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.129/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.01075 ) ${12t}$

= $60.00 = $3,200.00 (1.01075 ) ${12t}$

= $60.00/$3,200.00 = $3,200.00 (1.01075 ) ${12t}$ /$3200.00

= 0.01875 = (1.01075) $12t$

= Using the law of logarithm

= log $A^{N}$ = Nlog A

=12tlog(1.01075) = log0.01875

= 12log(1.01075)/(1.01075) = log0.01875/log(1.01075)

= 12t = log(0.01875)/log1.01075

= 12t = 1.7270/0.04644

Divide 12 by both sides

=12t/12 = 371.88774/12

t= 30.9898

∴ 30.99 years

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

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3 years ago