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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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A company bills customers for services provided. the company records this transaction with a:_______
geniusboy [140]

A company bills customers for services provided. the company records this transaction with a  Debit Accounts Receivable.

A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.

The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.

In sales, commerce, and business, customers (sometimes called customers, purchasers, or purchasers) receive goods, services, products, or ideas obtained from sellers, vendors, or suppliers through financial transactions. is a person. Transaction or exchange for money or other valuable consideration

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6 0
1 year ago
Which of the following statements is false about the order in which management determines the sequencing of support department a
GaryK [48]

Answer: A. Departments with more employees are allocated earlier.

Explanation:

In the sequential method, it should be noted that a company allocates the service costs one department at a time. Once the service department cost is allocated by the accountants, the department won't get any other costs from the other service departments.

The statement that is false about the order in which management determines the sequencing of support department allocations under the sequential method of allocating support department costs to production departments is that the departments with more employees are allocated earlier.

Under the sequential method, the department costs that are allocated earlier include having an accurate cost drivers, having a higher cost, or having a large number of support.

4 0
2 years ago
Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices,
Svetlanka [38]

Answer: a) $30,400

b)$10,394

c)$16,830

d)$8,015

e)$76,626

Explanation:

When a credit term such as 2/10, n/30 is given, it means that the buyer is liable for a 2% discount if they pay within 10 days otherwise they must pay within 30 days.

Discounts are applied AFTER returns are subtracted.

Also any freight charges are charged to the buyer.

With that said, let's calculate this with gusto

a) No discount. Returns of $1,600

= 32,000 - 1,600

= $30,400 is amount to be paid.

b) Freight charges of $300. 2% discount. Returns of $2,500

= (1-0.02)*(12,800 - 2500) + 300

= $10,394 is amount to be paid.

c)Discount of 1%. Returns of $4,000.

= (21,000-4000) * ( 1 - 0.01)

= $16,830 is amount to be paid.

d) Freight charges of $175. Returns of $1,000 and discount of 2%.

= (9,000 - 1,000) * (1 - 0.02) + 175

= $8,015 is amount to be paid.

e) Discount of 1%. No returns.

= 77,400 ( 1 - 0.01)

= $76,626 is amount to be paid.

8 0
3 years ago
As an auditor for Bernard and Thomas, you are responsible for determining the proper classification of income statement items in
sdas [7]

Answer:

a. One of the company's restaurants was destroyed in a forest fire that raged through Southern California. Uninsured losses from the fire are estimated to be $450,000: Other expenses.

b. California Sports Grill has three operating divisions: restaurants, catering, and frozen retail foods. The company sells the frozen retail foods division of the business for a profit of $2.4 million in order to focus more on the restaurant and catering business: Discontinued operations.

c. An employee strike to increase wages and benefits shut down operations for several days at an estimated cost of $200,000: Other expenses.

d. A restaurant waiter slipped on a wet floor and sued the company. The employee won a settlement for $100,000, but California Sports Grill has not yet paid the settlement: Other expenses.

e. The company owns and operates over 40 restaurants but sold one restaurant this year at a gain of $650,000: Other revenues.

Explanation:

Other expenses in business management are non-operating expenses that a business incurs. It is a cost that isn't related to the main operation of a company's business, such as interest expense, losses incurred from disposal of a fixed asset.

Other revenues in business are revenues that are derived by a company from any source other than the company's business operations, such as a company selling one of it's restaurants.

Discontinued operations in business describes a situation where parts of a company's core business are sold, abandoned or shut down and all the profits or losses are usually reported separately on an income statement.

6 0
3 years ago
The CPI is based on an: Multiple Choice average of the goods and services purchased by "urban consumers." average of the goods a
lisabon 2012 [21]

Answer:

average of the goods and services purchased by "urban consumers."

Explanation:

The US Bureau of Labor Statistics determines the CPI by calculating the weighted average of a basket of goods. More than 24,000 people are interviewed each year in order to elaborate this index, and the sample is taken from the US Census and includes people that live or work in urban areas around the country.

4 0
3 years ago
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