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3 years ago

What is the e-file rejection error for an Invalid bank account or routing transit numbers?

1 answer:

3 0

The e-file rejection error for an invalid bank account or routing transit numbers is error code "0019". It might be caused due to a variety of reasons and is present in tax accounting software, where an e-file sent to the IRS is rejected, hence the error name. An incomplete installation might be one of the several reasons behind an e-file rejection error.

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Assume that a bond makes 10 equal annual payments of $1,000 starting one year from today. The bond will make an additional payme

ohaa [14]

Answer:

$79,208.48

Explanation:

The computation of the current price of the bond is shown below:-

Number of Cash flow PV annuity factor Discounted cash

years flow

1 -10 years $1,000 8.3166 $8,316.6

10 years $100,000 0.7089188 $70,891.88

Current price of the bond $79,208.48

Refer to the PV annuity factor so that we get to know the discounting factor value.

6 0

3 years ago

Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are p

Akimi4 [234]

Answer:

Please find the detailed answer in the explanation section

Explanation:

1. Current ratio = Curren assets / Curren liabilities.

For Simon:

Current assets are:

Cash and cash equivalents $ 620

Short-term investments $3,690

Net receivables $992

Inventory $510

Other current assets $335

Total current assets $6,147

Current liabilities are:

Accounts payable $7,220

Short-term debt $1,270

Other current liabilities. $0

Total current liabilities $8,490

So current asset is $6,147/$8,490

0.72:1

For Garfunkel:

Current assets are:

Cash and cash equivalents $2,920

Short-term investments $0

Net receivables $1,330

Inventory $203

Other current assets $477

Total current assets $4,930

Current liabilities are:

Accounts payable $4,285

Short-term debt $1,028

Other current liabilities. $1,306

Total current liabilities $6,619

So current asset is $4,930/$6,619

0.74:1

1b Simon current asset is 0.72 while Garfunkel's own is 0.74

Therefore Garfunkel with 0.74 has a better current ratio

2a. Acid-test ratio = total current assets minus Inventory / total current liabilities

For Simon:

($6,147 - $510) / $8,490

=0.66:1

For Garfunkel:

($4,930 - $203) / $6,619

=0.71:1

2b. Garfunkel with 0.71 has a better acid-test ratio

6 0

3 years ago

Consider the following $1,000 par value zero-coupon bonds:

ratelena [41]

Answer:

The expected 1-year interest rate 2 years from now should be 8.11%

Explanation:

The Zero-coupon rate bond is a bond that does not offer the coupon payment. This coupon is issued at a deep discount value. The only cash flow associated with this bond is the face value at the maturity date.

Use following equation to calculate the The expected 1-year interest rate 2 years from now

( 1 + 1 years maturity rate)^1 x ( 1 + 2 years maturity rate)^2 = ( 1 + 3 years maturity rate)^3

( 1 + 1 years maturity rate) x ( 1 + 6.60%)^2 = ( 1 + 7.10%)^3

( 1 + 1 years maturity rate) x ( 1.0660)^2 = ( 1.0710)^3

( 1 + 1 years maturity rate) = ( 1.0710)^3 / ( 1.0660)^2

( 1 + 1 years maturity rate) = 1.228481 / 1.136356

1 + 1 years maturity rate = 1.081071

1 years maturity rate = 1.081071 - 1

1 years maturity rate = 0.081071

1 years maturity rate = 8.1071%

1 years maturity rate = 8.11%

5 0

3 years ago

An increase in interest ratesA. increases investment spending on machinery, equipment, factories, consumption spending on dura

RoseWind [281]

Answer:

The correct answer is option C.

Explanation:

An increase in the interest makes it more expensive to borrow money. In other words, the cost of borrowing increases. This will cause investment expenditure on machinery, equipment, and factories to decline.

Increased interest rate also increases the opportunity cost of holding money. The consumers will get more return from saving. This will reduce, the consumer spending on durable goods.

The increased interest rate will attract foreign capital inflows. The increase in demand for currency will increase its value. This will reduce exports and increase imports. As a result, net exports will decline.

8 0

3 years ago

The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in 10 years. The bond cert

Elena-2011 [213]

Answer:

$1,140.85

Explanation:

We use the Present value formula that is shown on the attachment below:

Data provided in the question

Future value = $1,000

Rate of interest = 7.20% ÷ 2 = 3.60%

NPER = 10 years × 2 = 20 years

PMT = $1,000 × 9.2% ÷ 2 = $46

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the price of the bond is $1,140.85

In semi annually, the coupon rate and the interest rate would be half whereas the time period is doubles

7 0

3 years ago