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ira [324]
8 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]8 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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A good marketing plan helps managers make strategic planning decisions and provides a framework for effective implementation and
m_a_m_a [10]

A good marketing plan helps managers make strategic decisions and provides a framework for effective implementation and control.

<h3>What are implementation and control?</h3>
  • One of many strategic controls available to the company to help direct the strategy's execution is implementation control. Implementation control aims to ensure that results are being delivered while maintaining strategy execution on course as planned.
  • The process of putting plans into practice to achieve the desired outcome is known as strategy implementation. In essence, it's the art of accomplishing things. Every organization's ability to carry out choices and crucial procedures effectively, consistently, and efficiently determine how successful it will be.
  • Implementation control typically establishes performance standards, assesses actual performance, and identifies the reasons why these standards weren't met. Implementation controls also include timelines, budgets, and milestones.
  • Security measures can also be categorized in different ways based on how they are implemented. Technical, managerial, and operational are the three main categories for implementation.

A good marketing plan helps managers make strategic decisions and provides a framework for effective implementation and control.

To learn more about implementation and control, refer to:

brainly.com/question/14273000

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3 0
1 year ago
Question 1<br> What is the most important question you should have after seeing this ad about a check cashing business?<br> Why
TEA [102]

The most important question you should have after seeing this ad about a check cashing business is"

  • Why Choose ACE to Cash Your Check?
  • No credit check necessary?
  • Can I get a written copy of all of the fees that you charge for your services?

<h3>Is a check cashing business considered a financial institution?</h3>

A money service business is one that is seen as a kind of  a financial institution that is known to be  involved with one or a lot of of the following entities such as:

  • Check casher
  • Foreign currency dealer, etc.

So, the most important question you should have after seeing this ad about a check cashing business is"

  • Why Choose ACE to Cash Your Check?
  • No credit check necessary?
  • Can I get a written copy of all of the fees that you charge for your services?

Learn more about check cashing business from

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6 0
1 year ago
What's the difference between current balance and available balance?
pickupchik [31]
Your current balance<span> is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals. Your </span>available balance<span> is your </span>current balance<span> minus any pending debit card purchases, automatic drafts, processing checks or other debits from your account</span>
5 0
2 years ago
Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.50. That is, if disposable income increas
evablogger [386]

Answer:

The level of saving =  $450 billion - $400 billion= $50 billion

Marginal propensity to save = 1- marginal propensity to consume (MPC)=0.5

Expected consumption

MPC=  change in Consumption/ change in income 200 billion * 0.5 = $100billion

Therefore consumption = 100 billion + 400 billion = $500 billion

Saving = $650 billion - $500 billion=  $ 150 billion

Explanation:

4 0
3 years ago
In addition to other costs, Grosha Telephone Company planned to incur $600,000 of fixed manufacturing overhead in making 500,000
Whitepunk [10]

Answer:

Please find the detailed answer as follows:

Explanation:

a) Predetermined overhead rate = Estimated manufacturing overhead cost   / Estimated total units in the allocation based

Predetermined overhead rate = 600,000 / 500,000 = 1.2 perunit

b) Total fixed cost spending variance = Actual fixed overhead cost - Estimated overhead cost

                                                         = 599,400 - 600,000

                                                         = 600 (F) Favourable

c) Total fixed cost volume variance = Actual fixed overheads - Estimated fixed overheads

  Actual fixed overheads = Estimated fixed overhead rate * Actual units produced

                                        = 1.2 * 508,000 = $609,600

Total fixed cost volume variance =$ 609,600 - $600,000 = $9600 (F) Favourable

4 0
3 years ago
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