Answer:
$2,189.76
Explanation:
<em>The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.</em>
<em>The price of the bond can be calculated as follows:</em>
<em>Step 1</em>
<em>PV of interest payment</em>
Interest payment =( 5.94%× $2000)/2
= $59.4
Semi annual yield = 5.1/2 = 2.6%
PV of interest payment
= 59.4× (1-(1.026)^(-20×2))/0.026)
= 59.4 × 24.41400537
=<em>$ 1,450.19</em>
Step 2
<em>PV of redemption value</em>
= 2,000 × (1+0.051)^(-20)
= 2,000 × 0.369781925
= 739.56
Step 3
<em>Price of bond </em>
= $1,450.19 + $739.56
=$2,189.76
Answer:
$21000
Explanation:
To determine Gray’s tax basis for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and deduction items.
Gray’s beginning basis = $5,000
Gray’s 50% distributive share of ordinary income = 50% × $20000 = $10000
Gray’s 50% tax-exempt income= 50% × $8000 = $4,000 and
portfolio income = 50% × $4000 = $2,000
Therefore, the ending basis of Gray’s Fabco partnership interest = $5000 + $10000 + $4000 + $2000 = $21000
Answer:
1. 780,000 pints
2. $1
3. $780,000
Explanation:
1. The computation of the equivalent units of production is shown below:
= Units completed and transferred out + completed units in ending inventory × completion percentage
= 700,000 pints + 200,000 pints × 40%
= 780,000 pints
2. The computation of the unit cost for January month is shown below:
= (Beginning Work in process + Costs added during January) ÷ equivalent units
= ($156,000 + $624,000) ÷ (780,000 pints)
= $1
3. The computation of the assigned units is shown below:
= Units completed and transferred out × unit cost + completed units in ending inventory × completion percentage × unit cost
= 700,000 pints × $1 + 200,000 pints × 40% ×$1
= $780,000
Answer:
Raw materials used during November was $34,800.
Explanation:
The formula for Raw Materials Used is given below:
Opening Raw Materials + Purchases - Closing Raw Materials = Raw Materials Used
Putting Values:
⇒ Raw Materials Used = 7,600 + 31,500 - 4,300 = $34,800.
Thanks!
The coupon rate is 4.37 %.
Explanation:
The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:
current yield = coupon payment/current market price
current yield=4.28%
coupon payment=unknown
current market price=102.311 % *$10,000
current market price=$102.311
4.28%=coupon payment /$ 102.311
coupon payment=$10231.1*4.28%
coupon payment=$437.89108
coupon rate=coupon payment/face value
coupon rate=$437.89108 /$10,000
coupon rate=4.37%
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