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leonid [27]
3 years ago
7

Pierce wishes to purchase a municipal bond with a par value of $500 from Chattahoochee County, and he is trying to decide which

broker he should employ to purchase the bond. Broker A charges a 3.1% commission on the market value of each bond sold. Broker B charges a flat $24 for each bond sold. If the bond has a market rate of 88.754, which broker will give Pierce the better deal, and by how much?
Business
2 answers:
Mrrafil [7]3 years ago
6 0

He should take the option one of sales commission of 3.1% on each bond. If he takes the 2nd option, he is required to pay 24$ per bond. But if he takes the ist option, he is required to pay 15.5$ per bond. 88.754 is the market rate. Total investment is of 500$. Multiply the commission rate with the amount and you get 15.5 $. There is a difference of 8.5 dollars between the two options.

Burka [1]3 years ago
5 0

the answer to this is d


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What entry would blue make to record the sale of the machine for $30,250 cash?
nirvana33 [79]
An increase in cash would definitely placed in debit because it considered an asset and we need to place the increase of sales on the credit side.
So, in this case, the entry would be

Cash       $ 30,250
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3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r
Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

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Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

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3 years ago
3 types of AIDE that USA uses to alleviate poverty?
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3 years ago
Kremena's bank account earns 4.5% simple interest. How much must she deposit in the account today if she wants it to be worth $1
12345 [234]

Answer:

$1,101.32

Explanation:

Simple interest accounts balances are calculated using the following formula

A = P ( 1 + rt)

where:

A = final account balance

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r = interest rate (annually) percentage divided by 100

t = years

Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.

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1,101.32 = P

Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.

4 0
2 years ago
Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend
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Answer:

44

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according to the constant dividend growth model

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