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ira [324]
10 months ago
12

simmons company issued four-year bonds with a par value of $1,000,000. the bonds have a 4% coupon rate and interest is payable s

emi-annually. the market rate of interest is 6%. what is the amount of the semi-annual interest payment that simmons must make to investors?
Business
1 answer:
VLD [36.1K]10 months ago
7 0

Simmons Company issued four-year bonds with a $1,000,000 par value. Interest is due semi-annually on the bonds, which have a 4% coupon rate. The market interest rate is 6%. $1002402.88 must Simmons pay investors in interest on a semi-annual basis.

The Indeed Editorial Team is made up of a brilliant and diverse group of writers, researchers, and subject-matter experts who use Indeed's data and insights to provide helpful advice for navigating your career path.

Understanding how loans and investments operate is essential to laying a solid financial foundation for both you and your company. How interest is calculated is one of the key aspects of loans and investments. Your loans and investments may have simple interest or compound interest terms. You will discover what it implies, why it matters, and how to compute interest that is compounded semiannually interest in this post.

Learn more about semiannually interest here

brainly.com/question/14969931

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Which of the following is a reason that a chief executive officer might commit financial statement fraud?a. To receive or increa
Harlamova29_29 [7]

d. All of the above

To be granted or have a performance bonus increased.

To prevent being let go for performing poorly.

To keep the company's actual performance a secret.

<h3>What is financial statement fraud?</h3>

Asset misappropriation, financial and non-financial reporting, regulatory compliance areas, and illegal conduct should all be covered in the fraud risk assessment.

One of the most typical methods used to commit financial statement fraud is the recording of false revenues. Due to their understanding of accounting and unrestricted access to accounts, the controller or chief financial officer (CFO) of a corporation is frequently the perpetrator of financial statement fraud.

By purposefully making false assertions, fraudsters may be after either monetary or non-monetary assets. Fraudulent conduct could include, for instance, knowingly lying about one's age to gain a driver's license, criminal past to get a job, or income to get a loan.

To learn more about financial statement fraud refer to:

brainly.com/question/28240425

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3 0
1 year ago
IMB Corporation recently reported an EBITDA of $22.5 million and $5.4 million of net income. The company has $6 million interest
Mandarinka [93]

Answer:

$8.2 million

Explanation:

As per given data

EBITDA         $22.5

Net Income    $5.4 Million

Interest Expense = $6 million

Tax rate = 35%

As we know the Tax is deducted from the income before tax to calculate the net income. We will calculate the Earning before tax first.

EBT = Net Income x 100% / ( 100% - 35% )

EBT = 5.4 million x 100% / 65%

EBT = $8.3 million

Now we need to calculate the Earning Before interest and Tax

EBIT = EBT + Tax Expense = $8.3 million + $6 million = $14.3 million

The Difference between EBIT and EBITDA is depreciation and amortization expense.

Depreciation and Amortization expense = EBITDA - EBIT = $22.5 million - $14.3 million = $8.2 million

3 0
2 years ago
Is the process of planning, scheduling, and then controlling the activities during system development?
bogdanovich [222]
This process is called project management it leads a team or group of people with this process to achieve a goal they want or need to meet but sometimes at a certain time. I hope this helps! 
8 0
3 years ago
Why would this be a better career choice than some of the other points she was looking for
larisa86 [58]

Answer:

your not giving enough information

Explanation:

7 0
2 years ago
The demand for plumbers is the same in country A and country B, but the plumbers in country A earn less than the plumbers in cou
Tpy6a [65]

Answer:The supply of plumbers in country A is greater than the supply of plumbers in country B.

Explanation:

The state of demand and supply of labour has a great effect on wages of workers. If the supply of plumbers is grater than the number s of households demanding plumbering services the wages for the plumbers will fall because more plumbers are available for the few works available and this is the situation why plumbers in country A earn less than B though the demand in both countries are the same but they do not vary in the same proportion with their demands.

The supply of plumbers in B is not greater than A and this why B earn more. Productivity refers to measuring the level of outputs in relation to the inputs such labour, capital in production and this does not have impact on wages compare to demand and supply of labour but it's impact is on production.

6 0
3 years ago
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