Answer:
Ending cash balance$8,230
Explanation:
Preparation of basic cash budget for the month of January.
Wildhorse Co CASH BUDGET for the month of January
Beginning cash balance$11,890
Add: Cash receipts $59,320
Total cash available $71,210
($59,320+$11,890)
Less: Cash disbursements ($66,850)
Excess of available cash over cash disbursements $4,360
Financing needed $3,870
($8,230-$4,360)
Ending cash balance$8,230
Therefore the basic cash budget for the month of January will be $8,230
The distribution channel control the flow of products from the manufacturer to a variety of retailers or business customers.
A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service.
Distribution channels include wholesalers, retailers, distributors, and the Internet.
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Answer: Ryan's view of job satisfaction is most consistent with the DISCREPANCY HYPOTHESIS
Explanation: THE DISCREPANCY HYPOTHESIS explains job satisfaction that focuses on the inconsistency between facts and sentiments, if any, between what a person wants from a job and how that person evaluates what is actually experienced at work
. This concepts explains that an individual's job satisfaction will come from what they feel is important to them.
Answer:
7.36%
Explanation:
Nper = (10-2)*2 = 16
Pmt = 1000*8.7%/2 = 43.5
Pv = -108%*1000 = -1080
Fv = 1000
YTM = Rate(Nper, pmt, -Pv, Fv)*2
YTM = Rate(16, 43.5, -1080, 1000)*2
YTM = 0.036795696 * 2
YTM = 0.073591392
YTM = 7.3591392%
YTM = 7.36%
The question is incomplete. The complete question is :
Selling bonds. Rawlings needs to raise $41,800,000 for its new manufacturing plant in Jamaica. Berkman Investment Bank will sell the bond for a commission of 2.2 %. The market yield is currently 7.7 % on twenty-year zero-coupon bonds. If Rawlings wants to issue a zero-coupon bond, how many bonds will it need to sell to raise the $41,800,000?? Assume that the bond is semiannual and issued at a par value of $ 1000. How many bonds will Rawlings need to sell to raise the $41,800,000?
Solution :
We know that a zero compound bond does not pay any coupon payments, so the bond price is present value for the cash inflow from a zero coupon bond.
The present value of a maturity value uses a YTM as a discount rate.
We will find the semi annual rates and the time periods as the semi annual bond is given.
The semi annual YTM is =
= 3.85 %
Number of the semi annual periods till maturity = 20 x 2
= 40
The bond price =
= $ 220.668308088
The investment bank will then sell the bonds at a price above but the charge will be2.2% commission on the above price.
The net proceeds to Rawlings
= $ 215.813605311
∴ The number of bonds required :
= 193,685.657
≈ 193,686 bonds