Answer:
It will use a 3% rate
Explanation:
We need to solve for the discount rate which makes the coupon payment and maturity of the similar bond equal their current market value of 1,170.50
This is done using excel goal seek tool:
C 50.00 (1,000 x 5%)
time 10 years
<em>rate 0.030011</em>
PV $426.4860
Maturity 1,000.00
time 10.00
<em> rate 0.030011071</em>
PV 744.01
PV c $426.4860
PV m $744.0139
Total $1,170.5000
<em>market rate = 0.030011071 = 3% </em>
The procedure will be to build up the formulas and link the rates to a cell.
and then, click on the total cell and use goal seek changing the rate cell
Because small business actually do more and got more stuff going on
Answer:
A. $288
Explanation:
The cost incurred to produce or purchase the product which is being sold is called cost of goods sold.
Cost of Goods Sold = Beginning Inventory + Purchases in the period - Ending Inventory
Cost of Goods Sold = $152 + $492 - $356
Cost of Goods Sold = $288
The answer to this question is <span>Taxes paid and purchases made by the employees they support will allow all those things above
When a company pay their tax and give enough salary to their employees, the wealth will be distributed to the whole nation and will help the nation's economy to develop (the money that employees spent with their salary will be received by other members of society)</span>
Answer:
The share capital will increase by $34000
Explanation:
dividend declared is in stock (10% of existing holding)
Share capital = 68,000 shares. dividend = 10% of 68,000 = 6,800
Par value of share is $5 per unit. Thus share capital increase is $5 x 6,800 = $32,000
share premium (23-5)= $18 per share. Thus share premium reserve will increase by 18 x 6,800 = $122,400
share premium is the difference between market value and par value of shares.
