Answer:
13%
Explanation:
The computation of MIRR is shown below:-
=MIRR({-1000;400;300;200;300;50},15%,15%)
= 12.666%
or
= 13%
Since the MIRR is 12.67% and the appropriate cost of capital is 15% so the project should be rejected as it is less than the cost of capital
For more clarification please find the spreadsheet so that we make more understand.
The cost of a European tour includes four stopovers from a list of ten destinations. In ( 10 choose 4 ) or 210 ways can one plan such a tour.
European tour
On the European Tour, total prize money is around half that of the PGA Tour. The disparity for regular tournaments is significantly bigger because this includes the majors and World Golf Championships, which are the most lucrative events on the calendar.
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Answer:
23,690
Explanation:
From July Purchases = 61,600
(77,000 * 80%)
From August Purchases = 14,600
(73,000 * 20%)
From July: 3,230
(32,300 * 10%)
From August : 31,860
(35,400 * 90%)
Overhead (77,200 - 6,350) = 70,850
Loan repayment (23,000 +(23,000*9% *4/12)
Answer:
January 1, 2021
Bonds Payable $91.5 million Dr
Loss on Redemption-Bonds Payable $6.33 million Dr
Discount on Bonds Payable $4.5 million Cr
Cash $93.33 million Cr
Explanation:
To calculate the loss on redemption of the bonds, we first need to calculate the value at which bonds have been redeemed. The bonds are redeemed at 102 which means they are redeemed at 102% of the face value.
Redemption amount = 91.5 million * 102% = 93.33 million
The bonds have a carrying value on redemption date of,
Carrying value = Face Value - Discount
Carrying value = 91.5 - 4.5 = $87 million
The loss on redemption of bonds is = 93.33 - 87 = $6.33 million
They will issue you a late fee which will be reflecting on your next billing statement.