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agasfer [191]
3 years ago
8

Malko Enterprises’ bonds currently sell for $1,020. They have a 6-year maturity, an annual coupon of $75, and a par value of $1,

000. What is their current yield?
a. 6.40%
b. 6.91%
c. 6.62%
d. 7.35%
e. 8.46%
Business
1 answer:
mel-nik [20]3 years ago
3 0

Answer:

Current yield = <u>Annual coupon</u>

                         Current market price

Current yield = <u>$75</u>

                         $1,020

Current yield = 0.0735 = 7.35%

The correct answer is D

Explanation:

Current yield equals annual coupon divided by the current market price of the bond.

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Cullumber Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following co
yarga [219]

Answer:

<u>Net Income  $ 494,000</u>

Explanation:

Cullumber Inc.

CVP income statement

For the Quarter Ended March 31, 2020.

Sales of $2,300,000

Variable

Cost of goods sold $941,000

Selling expenses 104,000

Administrative expenses 108,000

Total Variable Expenses      $1153,000

Contribution Margin             $ 1147,000    

Fixed

Cost of goods sold $474,000

Selling expenses 77,000

Administrative expenses 102,000

Total Fixed Costs       $ 653,000        

Net Income  $ 494,000

7 0
3 years ago
If fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130, what is the amount of sales
seraphim [82]

Answer:

15,000 units

Explanation:

The computation of the  break even point in units after considering the desired profit is shown below:

= (Fixed cost + desired operating income) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $250 - $130

= $120

And the other values of items will remain the same now placing these values in the formula above.

So the units would be

= ($1,500,000 + $300,000) ÷ ($120)

= ($1,800,000) ÷ ($120)

= 15,000 units

7 0
4 years ago
A company cannot effectively differentiate its branded footware from the brands of rivals by
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When you have competition in the market, you want to make sure you are able to differentiate or show what is different/better about your product over your competition. If you aren't different, how will you product stand out? It won't. In a market, especially a market for shoes, it is a must to stand out because the competition is heavy!
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7 0
3 years ago
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According to the results, if a CEO in the Financial industry and a CEO in the Health Care industry both have 88 years of experie
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Answer: $19,032.79

Explanation:

There is some data missing that I was unable to find so I will answer a similar question and can use your data to answer this using mine as a reference.

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= 0 - Coefficient of Financial industry

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4 0
3 years ago
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Answer:

the answer to a is 3 same as b

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