Answer:
Hersey's bond = $1125.513
Mars bond = $1172.259
Explanation:
Hersey bond;
Period(t) = 10years = 40(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
Using the both present value (PV) and compound interest formula ;
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-40)÷0.025] + [1000÷(1.025)^40]
PV =( 753.083251562) + (372.4306236)
PV = $1125.513
Mars bond;
Period(t) = 20years = 80(quartely)
Coupon (C) = $30
Rate (r) = 0.1 = 0.025(quarterly)
Pay at maturity(p) = $1000
PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]
PV = [30×(1-(1.025)^-80)÷0.025] + [1000÷(1.025)^80]
PV =(1033.55451663) + (138.704569467)
PV = $1172.259
Quality management is a management program that seeks to improve the quality of process outputs by identifying and removing the cause of defects and variations in various processes.
Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.
Management is the dynamic process of getting things done by others with the goal of achieving a common goal effectively and efficiently. All functions, from planning to organization, personnel allocation, management, and generalization, are essential for the smooth execution of management in an organization.
Corporate governance is the coordination and organization of business activities. Business managers oversee operations and help employees achieve peak productivity.
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Answer:
It will purchase at the local store at an economic cost of $123
Explanation:
Answer:
It will puchase the skirt across town as it has the less economic cost.
Explanation:
We are going to add up the opportunity cost (lost wages) to the cost of the skirt:
place travel-time Price Cost to travel Economic Cost
local store 30 $ 102.00 $ 21.00 <u> $ 123.00 </u>
across town 60 $ 85.00 $ 42.00 $ 127.00
neighboring city 120 $ 76.00 $ 84.00 $ 160.00
*travel-time we multiple the time it took each eway by 2
**The cost to travle will be Juanitas wages per hour ($42) times the travel-time/ 60
That's because the wages are express in hours and the travel time in minutes so we convert into hours
Then, the economic cost is the sum of the value of the skirt and the lost wages.
<em>Juanita, as a rational consumer will chose to purchase at the lower cost.</em>
Answer:
a. A counterfeit is an imitation of the genuine money, created with the intent to defraud.
U.S. Currency was originally printed on blue paper.
- FALSE: THE DOLLAR HAS ALWAYS BEEN GREEN
b. The First bank of the United States was started in 1888.
- FALSE: THE (FIRST) BANK OF THE UNITED STATES WAS ESTABLISHED IN 1791
c. The French unit of money is the dollar.
- FALSE: THE EURO IS THE OFFICIAL CURRENCY IN FRANCE
d. A euro is the Australian unit of money.
- FALSE: EUROS ARE THE OFFICIAL CURRENCY OF THE EUROPEAN UNION.
In 1945 $10,000 bills were discontinued for public use by the Board of Governors of the Federal Reserve System.
