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1 year ago

Why it it not working the app?

Business

1 answer:

luda_lava [24]1 year ago

6 0

1,2,3,6

this is what i would choose of course

not sure how to explain it though

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Cullumber, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,03

Sedbober [7]

Answer:

The worth of the bond is $1068.44

Explanation:

Solution

Given that

Supposed that the face of the bond is $1000

Thus

The semiannual coupon payment = 1000*8%*6/12

= 40 (semiannual period in a year comprising of 6 months each)

Then

Semiannual periods = 6 years *2

=12

The semiannual yield = 6.6*6/12

= 3.3%

So,

The present value of bond = (PVA3.3%,12*semiannual coupon payment) + (PVF3.3%,12*Face value)

=(9.77808*40) + (.67732*1000)

=391.12+ 677.32

=$1068.44

The worth of the bond is $1068.44

nnote: Find present value factor using the formula 1/(1+i)^n

(Where i = 3.3%, n= 12 ) or using financial calculator by putting i = 3.3%,n=12 and FV= 1

Also, Find present value annuity factor using the formula [1/(1+i)^1 +1/(1+i)^2 +......+(1+i)^11+1/(1+i)^12 ] or using financial calculator where i = 3.3%,n= 12 and PMT =1

6 0

3 years ago

Read the introduction to an argumentative essay about entrepreneurs and free enterprise. Mary Kay Ash wanted to write a book abo

katrin [286]

Answer:

The introduction is effective because it is setting an example of why the thesis behind the book is correct.

Mary Kay Ash, instead of introducing with a statement about her ideas, and why she believes in those, decided to tell a story about a business plan. This is a concrete form to show that under a free enterprise system, women like her, are able to succeed in the business world because they are given the freedom to do so.

3 0

3 years ago

Read 2 more answers

How is depreciation accounted for if disposal of a plant asset occurs during the year? A : It is not recorded for the year. B :

Brrunno [24]

Answer:

C : It is recorded for the fraction of the year to the date of the disposal.

Explanation:

Depreciation is the expense charged for providing against benefits arising through the assets. When any assets are to be sold, then depreciation is to be provided against the time period it is used as the benefit have been received for such.

Therefore, even in case of sales of the asset, the depreciation is provided for the period, it is in the books, and held in hand.

Therefore, the correct statement is:

Statement C

8 0

3 years ago

Pell is the principal and Astor is the agent in an agency coupled with an interest. In the absence of a contractual provision re

Verdich [7]

Answer: B. Pell: No; Astor: Yes.

Explanation: According to Termination of agency law:

-An agent is entitled to renounce his power by refusing to act or by notifying the principal that he will not act for the principal.

The agent can terminate the agency first in absence of contractual agreement relating to the provision of duration of contract.

3 0

3 years ago

Under the allowance method for estimating uncollectible accounts: A. a company sets up an Allowance for Uncollectible Accounts

mr_godi [17]

Answer:

D. all of the above.

Explanation:

Allowance for doubtful accounts or Uncollectible accounts: It is that account in which the estimation amount would be recorded which can be received or not depending upon the circumstances.

It generally has a credit balance. Moreover, it also has a contra account as it deducted from the accounts receivable ending balance which is shown under the asset side of the balance sheet.

Thus, all the given statements are true.

4 0

4 years ago