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Stels [109]
3 years ago
11

1) A T-bill quote sheet has 90-day T-bill quotes with a 5.17 ask and a 5.11 bid. If the bill 1) has a $10,000 face value, an inv

estor could sell this bill for ________. A) $9870.75 B) $9872.25 C) $10,000 D) $9874.00
Business
1 answer:
Oksanka [162]3 years ago
6 0

Answer:

A

Explanation:

To solve this problem, we use a mathematical formula.

The Price = face value * [1 - (Ask * days/360)]

Here, face value = $10,000 , Ask = 5.17% , days = 90

Price = 10,000 * [1 - 5.17/100 * 90/360]

Price = 10,000[1-(0.0517*0.25)]

Price = 10,000(1-0.012925)

Price = 10,000(0.987075)

Price = $9870.75

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If management identifies even one material weakness in internal control, then management will conclude that the organization’s i
solong [7]

Answer:

Statement is true

Explanation:

Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.

Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.

8 0
3 years ago
Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine produ
ioda

Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decision is the kind of 'Market Socialist' economy.

Market socialism, sometimes known as liberal socialism, is an economic system that strikes a balance between free enterprise and socialist planning. In this system, businesses are publicly owned, but output and consumption are determined by the market rather than by governmental planning.

In real life, Market socialism components have been present in a number of different economies. A version of market-based socialism, based on socially owned cooperatives, workers' self-management, and market allocation of capital, is usually regarded as having existed in the former Socialist Federal Republic of Yugoslavia.

To learn more about Communist

brainly.com/question/14018486

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8 0
1 year ago
Subprime lending means lending to borrowers and charging interest that is below the current prime interest rate.
STALIN [3.7K]

Answer:

<em>False</em>

Explanation:

<em>Subprime lending means lending to borrowers and charging interest that is </em><u><em>above</em></u><em> the current prime interest rate. </em>

The <em>current prime interest</em> refers to the rate offered to the best credit rated customers based on their credit history. This rate is lower as it is meant to be an attraction for the customers who are good credit payers and takers.

The <em>sub-prime lending</em> refers to giving loans at a rate higher than current prime interest rate to the borrowers who are lower on credit rating. This lending takes on higher risk and hence thereby charges higher interest from the borrowers.

8 0
3 years ago
Umbridge Purses Unlimited sells purses with a sales price of $35 each. Each purse costs the company $20 to produce, and the stor
aivan3 [116]

Answer:

Break-even point in units= 20,000 units

Explanation:

Giving the following information:

Selling price= $35

Unitary variable cost= $20 t

Total fixed cost= $300,000

<u>To calculate the break-even point in units, we need to use the following formula:</u>

<u></u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 300,000/ (35 - 20)

Break-even point in units= 20,000 units

3 0
3 years ago
Which of the following are amortizable organizational expenditures? Group of answer choices Professional fees to issue the corpo
satela [25.4K]

Answer:

The answers are:

  • Professional fees to issue the corporation’s stock
  • Commissions paid by the corporation to underwriters for stock issue
  • Printing costs to issue the corporation’s stock

Explanation:

Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.

After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.

5 0
3 years ago
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