Answer:
$57,100
Explanation:
Aardvak enterprises has agreed to be exchanged by Lawson's products
The exchange is $23,000 worth of Lawson's product stock
Lawson's has an 1,300 shares as outstanding at a price of $15 per share
Aardvak has 1,900 shares outstanding with a market value of $18 per share
The incremental value of the acquisition is $3,400
Therefore, the value of Lawson's product after the merger can be calculated as follows
= (1,300 × $15) + (1,900×$18 )+ $3,400
= $19,500+$34,200+$3,400
= $57,100
Hence the value of Lawson's product after the merger is $57,100
Answer:
Insurance expense amount is $500
Prepaid insurance amount is $7,000
Explanation:
The prepaid insurance amounts to $300, on March 31, before the adjustment, that represents the remaining portion of the policy before the renewal. And this amount must have expired by the March 31, as there is only a single insurance policy and which will be renewed on March 1.
The $300 is involves in the insurance expense for the 3 months that ended on March 31, and in addition, 1 month coverage is there.
Therefore, amount of $200 ($7,200/ 36 months), which is involves in the insurance expense for the 3 months. In aggregate $500 of the insurance expense is acknowledged.
Prepaid insurance left out balance on March 31, is $7,000 ($7,200 - $200).
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Hope this helps!
Answer and Explanation:
The computation is shown below:
Given that,
Price = $97.75
Time = 182 days
Face value = $100
Based on the above information
1) bank discount rate is
= (Face value - price) ÷ Face value × 365 / Time
= ($100 - $97.75) ÷ 100 × (365 / 182)
= 0.0225 × 2.005494
= 0.0451 (or) 4.51%
2) equivalent yield to maturity
= (Face value ÷ price)^365 ÷ Time - 1
= ($100 ÷ $97.75)^365 ÷ 182 -1
= 0.04669 (or) 4.66%
