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Vera_Pavlovna [14]
3 years ago
3

You are purchasing a 15-year, zero–coupon bond. The yield to maturity is 6.85 percent and the face value is $1,000. What is the

current market price? Assume semiannual compounding.
Business
1 answer:
ruslelena [56]3 years ago
5 0
Sorry wish I could help
You might be interested in
Bank reserves are $200, the public holds $1000 in currency, and the reserve-deposit ratio is 20%. What is the Value of Bank Depo
Alja [10]

Answer:

What is the Value of Bank Deposits?

bank deposits = bank reserves / required reserve ratio = $200 / 20% = $1,000

What is the Money Supply?

money supply = bank deposits + currency held by the public = $1,000 + $1,00 = $2,000

Suppose that the Fed sells $50 worth of bonds in an "open market sale." Assuming that the public does not wish to change the amount of currency it holds, what is the new money supply after this open market purchase?

if the FED sells $50 worth of bonds, money supply will decrease by $50 x (1 / 20%) = $50 x 5 = $250

total money supply = $2,000 - $250 = $1,750

6 0
3 years ago
The residents of Bucktown, Illinois, place their trash at the curb each Wednesday morning to be picked up by Municipal Crews. Ex
svetoff [14.1K]

Answer: 8.56crews

Explanation:

To get critical fractile probability SL,

We stock up the local trash collection capacity.Cost of overstocking by 1 ton =MC = 625/5 = $125Cost of understocking by 1 ton = additional cost of using outside trash pick up = MB = $650-$125 = $5

SL = Prob(RQ) = MB /( MB + MC) = 525/(125 + 525) = 0.8077 appropriate # of crews = 8.56 crews

8 0
3 years ago
Dividing a diverse market into groups of customers who share similar traits or characteristics is the process known as:
victus00 [196]

Answer:

Market segmentation

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations. A market segment is a group of people who share one or more common characteristics, lumped together for marketing purposes.

5 0
3 years ago
Lion Company's direct labor costs for the month of January were as follows: What was Lion's direct labor efficiency variance? Se
lakkis [162]

Answer:

Direct labor time (efficiency) variance= $6,150 favorable

Explanation:

Giving the following information:

Lion Company's direct labor costs for the month of January were as follows:

Actual total direct labor-hours 20,000

Standard total direct labor-hours 21,000

Direct labor rate variance - unfavorable $3,000

Total direct labor cost $126,000

First, we need to calculate the standard direct labor hour cost.

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 126,000/20,000= 6.3

-3,000= (SR - 6.3)*20,000

-3,000= SR20,000 - 126,000

123,000/20,000= SR

6.15= Standard rate

To calculate the direct labor efficiency variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (21,000 - 20,000)*6.15

Direct labor time (efficiency) variance= $6,150 favorable

7 0
3 years ago
g The Village of Lake George decided to establish an internal service fund to account for the operations of a Print Shop. The Pr
Natali5045456 [20]

Answer:

Check the explanation

Explanation:

 General Journal    

     

Ref.  Account Title & explanation          Debit              Credit

a)                Cash                               $1,200,000    

                      Contribution                                             $400,000

                  Long term liability                                    $800,000

            (To record receipt of fund )      

b)              Equipment                        $890,000    

                             Cash                                             $890,000

              (To record purchase of equipment)      

c)                Supplies                              $120,000    

                      Accounts payable                               $30,000

                             Cash                                               $90,000

           (To record purchase of supplies)      

d)                  Cash                                   $350,000

                     Accounts receivable                  $50,000    

                             Sales                                             $400,000

                  (To record sales )      

e)        Supplies expenses                     $73,000    

                             Supplies                                               $73,000

              (To record supllies expenses)      

f)         Salaries and wages expenses      $19,000    

                                 Cash                                                $19,000

          (To record salaries and wages expenses)    

 Utilities expenses                                              $3,000    

 Cash                                                                                $3,000    

 (To record utilities expenses)      

g)  Depreciation expenses                        $80,000    

 Accumulated depreciation-Equipment                          $80,000

     (To record depreciation expenses)      

h)  Long term liability                               $200,000    

                    Cash                                                    $200,000    

 (To record payment of instalment of advance)    

     

Ref.  CASH ACCOUNT  Debit  Credit    

a)  Contribution  $400,000    

a)  Long term liabilities  $800,000    

b)  Equipment   $890,000    

c)  Supplies   $90,000    

d)  Sales  $350,000    

f)  Salaries & wages expenses   $19,000    

f)  Utilities expenses   $3,000    

h)  Long term liabilities   $200,000    

 Balance   $348,000    

 TOTAL  $1,550,000  $1,550,000    

 Closing balance brought forward  $348,000    

     

 TRIAL BALANCE      

 Account  Debit  Credit    

 Cash  $348,000    

 Contribution   $400,000    

 Long term liabilities   $600,000    

 Equipment  $890,000    

 Supples  $        47,000   (120000-73000)  

 Accounts payable   $30,000    

 Accounts receivable  $50,000    

 Sales   $400,000    

 Supplies expenses  $73,000    

 Salaries and wages expenses  $19,000    

 Utilities expenses  $3,000    

 Depreciation expenses  $80,000    

 Accumulated depreciation-equipment   $80,000    

 TOTAL  $1,510,000  $1,510,000    

     

 INCOME STATEMENT      

 Contribution   $400,000    

 Sales   $400,000    

 Total income   $800,000    

 Expenses:      

 Supplies expenses  $73,000    

 Salaries and wages expenses  $19,000    

 Utilities expenses  $3,000    

 Depreciation expenses  $80,000    

 Total expenses   $175,000    

 Net Income   $625,000    

     

 BALANCE SHEET      

 ASSETS:      

 Cash  $348,000    

 Supples  $        47,000    

 Accounts receivable  $50,000    

 Equipment  $890,000    

 Accumulated depreciation  ($80,000)    

 Total assets  $1,255,000    

 Liabilities:      

 Accounts payable  $30,000    

 Long term liabilities  $600,000    

 Net assets  $625,000    

 Total Liabilities & net assets  $1,255,000  

3 0
3 years ago
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