The yearly return of the investor is given to be 11.069%
<h3>How to find the YTM</h3>
In order to do this we have to make use of the Rate function in excel
This would be given as
=RATE(nper, PMT, PV, FV)
where Nper is 5 years
PMT is = $1,000*10% = $100
PV = $980
The future value Fv is given as $1,000
Hnece we would have to type in excel
RATE(5,100,-980,1000)
This would give us the value of the YTM as 10.5348%
Next would be to find the rate of return of this investor. This would be the rate that he actually earned.
We would also use the rate function
=RATE(nper, PMT, PV, FV
Npe = 4 years
PMT = $1,000*10% = $100
PV = $980
FV = $1,020 that is the amount for which the bond was sold
=RATE(4,100,-980,1020)
The solution would be = 11.0698%
Thus we can say that the return earned on investment is 11.0698%
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Answer and Explanation:
The journal entry to record the factory overhead is given below:
Predetermined Overhead rate is
= Estimated overhead ÷ Estimated machine hours
= $1,470,000 ÷ 40,000
= $36.75 per mh
Now journal entry is
Work in Process $175,665
To Factory Overhead $175,665 (4780 × 36.75)
(Being the factory overhead applied is recorded)
Here work in process is debited as it increased the assets and credited the factory overhead as it decreased the expense
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Answer:
Explanation:
Total unit product cost = $36
If purchased from outside, then fixed costs will be only $15 because 25% of 20 will be reduced.
So, if purchased from outside,
Total unit cost = 24 + 15
Total unit cost = $39
So, it is more when purchased from outside. Total operating income will decrease by = 8,000 * (39 - 36) = $24,000