Answer:
a) True: Operating cycles for most businesses are less than one year.
b) True: If a business does not plan to use any of its current assets to repay a debt, then that debt is listed as long term even if it is due within a year.
c) False: The current ratio is computed by dividing current assets by net income.
d) True: The current ratio is a useful measure of a company's liquidity.
e) False: Liquidity is the ability of a business to repay liabilities in the long run.
The us economy is so resilient because of the power and resources we hold
Answer:
The coupon rate is 10.3%
Explanation:
The interest to set on the bond in order to sell them at par can be computed using rate formula in excel:
=rate(nper,pmt,pv,fv)
nper is the number of times the bond would pay interest over its time to maturity which is 19*2=38
pmt is the interest payment semi-annually at $1000*10.3%/2=$51.5
pv is the price of the bond which is the par value of $1000
fv is the value at redemption which is also $1000
=rate(38,51.5,-1000,1000)
rate=5.15%
this is the semi-annual rate ,the yearly yield to maturity is 5.15%*2=10.30%
When a bond sells at par the yield to maturity is the same as the coupon rate
Answer:
B. a fixed-price contract.
Explanation:
"A fixed price contract places minimum administrative burden on the contracting parties, but subjects the contractor to the maximum risk arising from full responsibility for all cost escalations. Also called firm price contract."
Mr. Plow couldn't come back to Springfield because he took full responsability for all cost escalations.
Reference: WebFinance Inc. “What Is Fixed Price Contract? Definition and Meaning.” BusinessDictionary.com, 2019
Answer:
A. the lower of cost or market
Explanation:
- Regardless of the inventory cost the flow assumption that that is used to show the invention of the balance sheets is stated in the lower order of the cost to the market and that the cost on an inventory item changes form the time it's acquired or sold.