Answer:
Direct material price variance= $29,120 unfavorable
Explanation:
Giving the following information:
Standard: Direct materials 6 pounds $4.30 per pound $25.80
Actual= Jackson purchased 145,600 pounds of direct material at a total cost of $655,200.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 655,200/145,600= $4.5
Direct material price variance= (4.3 - 4.5)*145,600
Direct material price variance= $29,120 unfavorable
Answer:
B. they spend every other day making decisions, because with every passing day trends changes.
C. Liz wants to live in a country where the government makes almost all the economic decisions.
Answer:
Convert the bonds into 20 common stocks.
Explanation:
the investor has 3 options:
- sell the bond at $1,000 x 1.005 = $1,005
- sell the bond to the corporation at $1,000 + $10 = $1,010
- convert the bond into 20 common stocks = 20 x $51 = $1,020
the option that yields the highest return is to convert the bonds into common stocks.
Answer:
Ans. The price of the bond immediately after it makes its first coupon payment is $1,068.02
Explanation:
Hi, we have to bring to present value the remaining cash flows, that is 9 coupons and its face value, so we need to use the following equation.

Where:
Coupon = 0.07*$1,000=$70
YTM = Yield to maturity, in our case 6% or 0.06
n = 9 (since the bond is paying every year and there are 9 years left until maturity)
Face Value= $1,000.
Everything should look like this

Therefore:

So, the price of this bond right after paying its first coupon is $1,068.02
Best of luck.