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EleoNora [17]
4 years ago
7

Union local school district has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 13 years to maturity.

the yield to maturity on these bonds is 2.5 percent and the bonds have a par value of $10,000. what is the price of the bonds?
Business
1 answer:
Umnica [9.8K]4 years ago
8 0
<span>10,718.63 ± .1% To find the price of this bond, we need to find the present value of the bond's cash flows. So, the price of the bond is: P = $145(PVIFA1.25%,48) + $10,000(PVIF1.25%,48) P = $10,718.63</span>
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Can you think of an industry (or product) with near infinite elasticity of supply in the short term? That is, what is an industr
trapecia [35]

Supply price elasticity measures sellers' sensitivity to changes in price. When price changes have a large impact on supply, we say that supply is price elastic, with small price increases supply will increase considerably. We say that an offer is perfectly elastic when from a certain price level, suppliers have bid as much as possible. In the short term, however, firms bump into structural factors to deliberately increase their supply. For example, a factory has a short-run maximum production limitation. In the short term, the factory may grow its plant and buy more machines, but in the short term from one point the supply is more rigid.

There are, however, some exceptions. In the case of natural monopolies, such as water supply, the increase in price may increase supply indefinitely. This is a case where, in the short run, price elastic supply can be infinitely elastic. Thus, rising prices can increase the amount of water supplied as much as demanded by consumers. This is because the marginal cost of supplying more water is low for the firm.

Note: marginal cost is the cost of manufacturing one more unit of the product supplied. In the case of water, the marginal cost of providing 1 unit of water measurement is very low.

4 0
3 years ago
Laila created a new piece of workout gear. She's calling it the Toned Tushie. Although she couldn't initially find potential inv
exis [7]

Answer: Optimistic

Explanation: Being optimistic is expecting the best from the situation of life. It's a state of mind of always expecting the best out of life and also making the best of what life gives.

Laila is optimistic her idea would succeed, despite a few setbacks she experienced in the business, she still believes her business would be a success. To back up her believe she adds action, investing the resources at her disposal.

4 0
4 years ago
Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment
AysviL [449]

Balance Sheet and income statement account include supplies, amount payable for interest and salaries.

<h3>What is a Balance Sheet?</h3>

Balance Sheet are financial statement that shows a company's assets and liabilities.

The pair of balance sheet and income Statement account that can require adjustment include,

  • Supplies of goods and services
  • Unearned Revenue
  • Salaries and Wages Payable
  • Interest Payable
  • Income Tax Payable Balance

This adjustment is dependent on the amount of increase or decrease that is made on the account.

Therefore, Balance Sheet and income statement account include supplies, amount payable for interest and salaries.

Learn more on balance sheet here,

brainly.com/question/25846533

4 0
2 years ago
Kevin's boat was wrecked by hurricane Harvey (a federally declared natural disaster). Damage to the boat was estimated at $30,00
SVEN [57.7K]

Answer:

A) $4,900

Explanation:

Options are: <em>"A) $4,900 B) $5,000 C) $9,900 D) $14,900"</em>

<em></em>

Particulars                                       Amount

Original cost                                    $25,000

Damage                                           $30,000

Lower of the two is                        $25,000

Less: Insurance reimbursement    <u>$15,000</u>

Actual loss                                       $10,000

Less: Deduction                               $100

Less: 10% of AGI (10% of 50,000)   <u>$5,000 </u>

Final Deduction                               <u>$4,900</u>

Note: Flat $100 is deducted from this amount and also 10% of AGI, i.e 10% of $50,000 is deducted to finally arrive at the deduction.

6 0
3 years ago
The following data have been provided by Liggett Corporation: Budgeted production 7,400 units Standard machine-hours per unit 6.
abruzzese [7]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Budgeted production 7,400 units Standard machine-hours per unit 6.6 machine-hours Standard lubricants rate $ 3.50 per machine-hour

Actual production 7,600 units Actual machine-hours (total) 49,840 machine-hours Actual lubricants cost (total) $ 179,821

Manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Manufacturing overhead spending variance= (3.5 - 3.607965)*49,840= 5,381 unfavorable

5 0
3 years ago
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