Answer:
8.48%
Explanation:
Calculation to determine What must the coupon rate be on the bonds
First step is to find the coupon rate of the bond.
Coupon payment = $957 = C(PVIFA9.0%,16) + $1,000(PVIF9.0%,16)
Solving for the coupon payment will give us C= $84.83
Now let calculate the coupon rate using this formula
Coupon rate= Coupon payment/ Par value
Let plug in the formula
Coupon rate = $84.83 / $1,000
Coupon rate = .0848*100
Coupon rate =8.48%
Therefore the coupon rate on the bonds is 8.48%
Answer:
The largest tax deduction = $8,874 mileage method
Explanation:
mileage method = 15300*0.58 =$8,874
Actual Expense = $5,540 + 765 + 3,095 +165 +240 + 1000 = $10,805
business use % = 15300/(15300+5100)
= 15300/20400 = 0.75
Actual expense = $10,805 * 0.75 = $8,103.75
If the interest expense on loan for the Van is considered as an expense for profit and loss section in calculating Net income then
ACTUAL EXPENSE = $10,805 - $1000 = $9,805 * 0.75= $7,353.75
nonetheless Mileage method gives the largest deduction
Answer:
$80 million
Explanation:
The total income received by the plant's employees during the year will be $40 million (= 1,000 employees x $40,000 per employee). Since their propensity to consume is 2/3, they the employees will spend $26.67 million and save $13.3 million.
The money multiplier can be calculated using the formula: money multiplier = 1 / (1 - MPC) = 1 / (1 - 0.67) = 1 / 0.33 = 3
To determine the total income effect in St. Louis we have to multiply the money spent times the money multiplier = $26.67 million x 3 = $80 million
Answer:
The correct answer is "None of these".
Explanation:
The formula presented in the problem has all of its components described in the statement. The speed is equal to the distance divided by time. In the statement, it explicitly states that V is the velocity, t is the time and d is the distance. In this way, it describes all the components of the present formula.
Have a nice day!
Answer:
Amount of Cash paid is $2,415.3
Explanation:
Credit terms of 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after purchase with net credit period of 30 days.
Purchase = $2,800
Amount Due = $2,800 - $310 = $2,490
As payment is made within discount period, so the discount will be availed.
Discount = $2,490 x 3% = $74.7
Payment = $2,490 - $74.7 = $2,415.3
Payment = $7,500 - $150 = $7,350
