I believe it’s B it makes more sense
Answer: the market price is $2,484.1434
Explanation:
Market price =
C × 1 - (1+r)*-n /r + F/ (1+r)*n
C = coupon rate = 5.75% of 2000
= 5.75/100 × 2000
= $115
F= face value = $2,000
r = yield to maturity = 4.7% = 0.047
n = number of years to maturity =22
Price = 115 × 1-(1+0.047)*-22 / 0.047 + 2000/(1+0.047)*22
Price = 115 × 1-(1.047)*-22 / 0.047 + 2000/(1.047)*22
Price= 115 × 1 - 0.364060032/0.047 + 2000/2.74679974
Price =( 115 × 0.635939968/0.047 ) + 928.120063
=( 115 × 13.5306376) + 928.120063
= 1556.02332 + 928.120063
Market price = $2,484.1434
Note: ( * ) means "raised to power"
Answer: False
Explanation:
In a production budget, when the number of units in finished goods inventory at the end of the period is less than the number of units in the finished goods inventory at the beginning of the period, this simply means that the expected number of units sold is higher than the number of units that was produced for that particular period.
Fro example, let's assume that the beginning inventory is 20,000 and the units of goods produced is 25,000 while the units sold is 27,000. Then, the ending units will be:
= 20,000 + 25,000 - 27,000
= 18,000
As we can see from the example, the number of units in the finished goods inventory at the end of the period(18,000) is less than the number of units in the finished goods inventory at the beginning of the period(20,000), the expected number of units sold(27,000) is more or higher than the number of units to be produced(25,000) during the period.
Answer: $20,000
Explanation:
The reserve requirement is a central bank regulation which sets minimum amount of reserves which must be held by a commercial bank.
When reserve requirement = 20%
= 20/100
= 0.20
Total increase in the checkable deposit will be = $4,000 / 0.20= $20,000
<span>First we must determine the cost of goods sold during November. For this we use beginning inventory ($368,000) + purchases ($217,500) - ending inventory ($226,750). This gives us a total cost of goods sold for November of $358,750.
Then, we take the net sales ($1,000,000) minus the cost of goods sold ($358,750) which equals our gross profit of $641,250.
Finally we divide gross profit ($641,250) by net sales ($1,000,000) to determine the gross profit rate to be 64.125%</span>
