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Marina CMI [18]
3 years ago
11

A customer buys a new issue municipal bond with a dated date of January 1st, settling on February 1st. The first interest paymen

t is due March 1st. How many days of accrued interest must the customer pay to the underwriter
Business
1 answer:
yKpoI14uk [10]3 years ago
4 0

Answer: 30 days

Explanation:

The accrued interest is to be paid for the period beginning from the date of issue till the date of settlement. However, the date of settlement is not included which means interest will not be paid for the 1st of February.

That leave the 31 days of January for payment. With Municipal Bonds however, accrued interest is calculated assuming only 30 days in a month so January will have 30 days in terms of accrued interest.

30 days is the number of days that accrued interest must be paid to the underwriter.

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Your local pawn shop loans money at an annual rate of 23 percent and compounds interest weekly. What is the actual rate being ch
Eddi Din [679]

Answer:

D. 25.80 percent

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

= (1 +  annual interest rate ÷ periods)^ number of period - 1

= (1 + 23% ÷ 52)^52 - 1

= (1 + 00442)^52 - 1

= 1.00442^52 - 1

= 1.2579618615  - 1

= 25.80%

There are 52 weeks in a year and we considered the same in the above calculation

6 0
3 years ago
<img src="https://tex.z-dn.net/?f=%283%20%5Csqrt%7B2%20-%209%7D%20%29%283%20%5Csqrt%7B2%20%2B%209%7D%20%29" id="TexFormula1" tit
lara31 [8.8K]

(3 \sqrt{2  - 9} )(3 \sqrt{2 + 9} ) \\ 3 \sqrt{2 - 9}   \:  \: \times  \:  \: 3 \sqrt{2 + 9}  \\ 3( \sqrt{2 - 9}  \times  \sqrt{2 + 9} ) \\ 3( \sqrt{(2 - 9)(2 + 9)}  \:  \: )  \\ by \: using \: identity \:  \:  {x}^{2}  -  {y}^{2}  = (x + y)(x - y) \\ 3( \sqrt{ {2}^{2} -  {9}^{2}  } ) \\ 3( \sqrt{4 - 81} ) \\ 3 \sqrt{77}

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7 0
3 years ago
1) Debit changes to current assets are added or subtracted from net income _____?
V125BC [204]

Answer

(1)Subtracted (2) Subtracted (3) Subtracted (4) yes, it will affect the statement of cash flow as the amortization of bonds payable (premium) to be added back to the Net income because, it is a non cash expense.

Explanation:

Solution

Given that:

(1) The changes of debit to current assets are added or subtracted from net income:

Answer: They are subtracted from net income

(2) The changes of debit to current liabilities are added or subtracted from net income.

Answer: they are subtracted from net income

(3) Redemption gains  of bonds are added or subtracted from net income.

Answer: Gains on redemption of bonds are subtracted from net income

(4), Yes, it will affect the statement of cash flow  As the amortization of bonds payable (premium) to be added back to the Net income, because it is a non cash expense.

Thus the cash flow statement is adjusted.

7 0
3 years ago
What is the function of the organelles that are labeled f? to temporarily store water, waste products, food, and other cellular
wel

The function of the organelles that are labeled F is to move proteins and other substances through the cell. Thus the correct answer is C.

<h3>What is Organelles?</h3>

Organelles are tiny structures in the cytoplasm that perform tasks crucial for a cell to stay in balance. In the diagram, the organelle designated "F" is the endoplasmic reticulum.

They carry out a variety of tasks inside cells, including the creation of energy and the synthesis of proteins and secretions.

Therefore, option C to move proteins and other substances through the cell is the appropriate answer.

Learn more about organelles, here:

brainly.com/question/6358664

#SPJ1

4 0
2 years ago
Cupola Awning Corporation introduced a new line of commercial awnings in 2016 that carry a two-year warranty against manufacture
Alex_Xolod [135]

Answer:

warranty expense 250,000 debit

         waranty liability    250,000 credit

warranty liaiblity     37,500 debit

                 cash               37,500 credit

Explanation:

The warranty expense will be 5% of sales

5,000,000 x 5% = 250,000

We will create a liability to represent the future expenses and when they occur we decrease the warrant liability.

As we already declare the associate warranty expense based on sale the expenditures o ot generate an expense.

4 0
3 years ago
Read 2 more answers
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