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3 years ago

What is the amount of money you still owe to their credit card company called

Business

2 answers:

ella [17]3 years ago

8 0

Credit card balance

irina1246 [14]3 years ago

7 0

Are you talking about Debt?

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Smiley Industrial Goods has $1,000 face value bonds on the market with semiannual interest payments, 13.5 years to maturity, and

Snezhnost [94]

Answer:

Annual Coupon rate = 66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

Option B is the correct answer

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = C

Total periods (n) = 13.5 * 2 = 27

r or YTM = 0.064 * 6/12 = 0.032 or 3.2%

The formula to calculate the price of the bonds today is attached.

We will first calculate the value of semi coupon payment made by the bond.

1023 = C * [( 1 - (1+0.032)^-27) / 0.032] + 1000 / (1+0.032)^27

1023 = C * 17.8994796 + 427.2166529

1023 - 427.2166529 = C * 17.8994796

595.7833471 / 17.8994796 = C

C = 33.28495355 rounded off to 33.28

The annual coupon payment will be = 33.28495355 * 2 = 66.56990711 rounded off to 66.57

Annual Coupon rate = 66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

4 0

3 years ago

Rachel sells 100 shares short at $43. The sale requires a margin deposit equal to 60 percent of the proceeds of the sale. If the

andrew11 [14]

Answer:

23.25%; 62.01%

Explanation:

(a) Amount received:

= No. of shares × selling price

= 100 × $43

= $4,300

Sales deposit = 60% of Amount received

= 0.6 × $4,300

= $2,580

Amount paid = No. of shares × Purchase price

= 100 × $49

= $4,900

Therefore, Loss = $4,900 - $4,300

= $600

(b) If buys at $27, then

Amount paid = $27 × 100

= $2,700

Profit = $4,300 - $2,700

= $1,600

Loss on investment:

= ($600 ÷ $2,580) × 100

= 23.25%

Profit on investment:

= ($1,600 ÷ $2,580) × 100

= 62.01%

7 0

3 years ago

A company purchased $2,300 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $450 worth of merchandise. On

Aleksandr [31]

Answer:

Dr Accounts payable 1850

Cr Merchandise inventory $37

Cr Cash $1813

Explanation:

Preparation of the journal entry to record the payment on July 12 Using the gross method,

JOURNAL ENTRY

Jul-12

Dr Accounts payable ($2300-450) 1850

Cr Merchandise inventory ($1850*2%) $37

Cr Cash $1813

($1850-$37)

(Being entry recorded for payment to supplier)

7 0

3 years ago

What peripherals would you need to host a video conference?

Leto [7]

The answer would be C. Webcam, Speakers, and microphone.

5 0

3 years ago

Read 2 more answers

Stretch goals" can be described as

inn [45]

You can describe stretch goals as goals placed above the ones you need or strive to achieve, as a secondary objective. Think of achieving a stretch goal as doing even better than expected.

4 0

3 years ago