Answer:
False
Explanation:
The money that people have in their retirement funds depends on the percentage of the income that they contributed with and the performance of the investments. Because of this, the statement is false because Bruce and Christopher may be both retiring from Best Conditioning Company but it is possible that their contributions to the fund were different which makes that the amounts in their retirement funds differ.
Answer:
Explanation:
First of all, as the interest is paid semi-annually, we calculate semi-annual interest rate by dividing yield to maturity by the number of periods in a year (2).
Semi-annual interest rate = 0.0818 / 2 = 0.0409
Now using the following formula
![YTM\;=\;\sqrt[n]{\frac{Face\;Value}{Current\;Price}}\;-\;1](https://tex.z-dn.net/?f=YTM%5C%3B%3D%5C%3B%5Csqrt%5Bn%5D%7B%5Cfrac%7BFace%5C%3BValue%7D%7BCurrent%5C%3BPrice%7D%7D%5C%3B-%5C%3B1)
where,
YTM = 0.0409 (semi-annually)
Face Value = $1000
Current Price = $823.5
n = Number of semi-annual periods
![0.0409\;=\;\sqrt[n]{\frac{1000}{823.5}}\;-\;1\\\\0.0409\;+\;1=\;\sqrt[n]{{1.214}}\\\\1.0409^{n} =\;1.214\\\\](https://tex.z-dn.net/?f=0.0409%5C%3B%3D%5C%3B%5Csqrt%5Bn%5D%7B%5Cfrac%7B1000%7D%7B823.5%7D%7D%5C%3B-%5C%3B1%5C%5C%5C%5C0.0409%5C%3B%2B%5C%3B1%3D%5C%3B%5Csqrt%5Bn%5D%7B%7B1.214%7D%7D%5C%5C%5C%5C1.0409%5E%7Bn%7D%20%3D%5C%3B1.214%5C%5C%5C%5C)
Taking natural log on both sides,
![ln(1.0409)^{n} =ln(1.214)\\\\n*ln(1.0409)=ln(1.214)\\\\n=\frac{ln(1.214)}{ln(1.0409)}\\n=4.837](https://tex.z-dn.net/?f=ln%281.0409%29%5E%7Bn%7D%20%3Dln%281.214%29%5C%5C%5C%5Cn%2Aln%281.0409%29%3Dln%281.214%29%5C%5C%5C%5Cn%3D%5Cfrac%7Bln%281.214%29%7D%7Bln%281.0409%29%7D%5C%5Cn%3D4.837)
Hence, semi-annual periods are 4.837. Therefore, the bond will mature in approximately (4.837/2) 2.4185 years.
$6824.00...multiply 2.80 by 580=1624.00$ + 5200.00= 6824.00$
Answer:
DR Prepaid expense $9,000
CR Cash $9,000
Explanation:
Based on the information given about Plum Co. In which we were been told that the company paid the amount of $9,000 in cash in order for management services to be performed and since the company record all prepaid expenses to their asset accounts this means that on July 1 Plum should:
DR Prepaid expense $9,000
CR Cash $9,000
Answer:
Glass ceiling effect
Explanation:
Nicola is experiencing the glass ceiling effect,which is a barrier or resistance to the efforts of women and minorities to reach the top ranks of management in major corporations. This term refers to gender gap in managerial or executive positions in an organization that is faced by women and minorities even though they are well qualified for such positions. women in such organizations find themselves unable to advance beyond a certain level of management.