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Reptile [31]
3 years ago
8

Devin is, a private investor, purchases $1,000 par value bonds with a 12 percent coupon rate and a 9 percent yield to maturity.

devin will hold the bonds until maturity. thus, he will earn a return of ____ percent. 12 9 10.5 more information is needed to answer this question
Business
1 answer:
melisa1 [442]3 years ago
5 0
The par value of a bond is the amount issuer promises to pay the bond-holder on the maturity date.

The overall return depends on when the bond was bought.  The closer to the maturity date, the lower the overall return, or yield-to-maturity (YTM).
If the YTM has been quoted as 9%, it means that the effective yield from today to the maturity date is 9%, according to the current price, and accounting for the 12% coupon, if applicable.
So Devin will earn a return of 9%.


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A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per
Gnom [1K]

Answer:

c. $3,200 favorable.

Explanation:

We know that

Total controllable cost variance = Budgeted overhead cost - actual overhead cost

where,

Budgeted overhead cost =  Variable overhead + Fixed overhead

where,

Variable overhead = 40,000 units × $2 = $80,000

And, the fixed overhead = $72,000

So, the budgeted overhead = $152,000

And, the actual one is $148,800

So, the total controllable cost variance would be

= $152,000 - $148,800

= $3,200 favorable

7 0
3 years ago
A personal business letter is written by an individual to a company for resolving issues related to an unexpected error on a bil
yarga [219]

Answer:

See the explanation below.

Explanation:

                                                                        62, Charlton Street,

                                                                        Ibadan, Oyo State,

                                                                        Nigeria.

                                                                        14 May 2020.

The Accounting Officer,

XYZ Company,

Ibadan, Oyo State,

Nigeria.

Dear Sir,

Complaint Lodgment Over an Unexpected Error in My Bill

This is to bring to your notice an unexpected error of $9 over charge in the consumable items I purchased from your store yesterday, 13 May 2020.

From my recalculation of the total amount for the purchased item, I could observed that the error was due to a transposition of figure by your cashier; he charged me a total sum of $76 instead of $67.

Copies of the invoice and the payment receipt for the items are hereby attached to this letter for your verification. After your verification, kindly get back to me so that I can come to your office for the refund.

I look forward to receiving your usual timely response.

Yours sincerely,

Amcool.

4 0
3 years ago
when designing a supply chain that meets customer requirements and aligns with strategy, what are the two goals that firms try t
wolverine [178]

Designing a supply chain that meets customer requirements and aligns with strategy to be more effective to be more responsive.

What is supply chain?
A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer. The importance of supply chain management can be seen in the reduced costs and improved productivity that come from an optimised supply chain. Companies work to enhance their supply chains in order to lower costs and maintain competitiveness. Each step taken to deliver a finished good or service to the customer is considered to be part of the supply chain. The process may involve obtaining raw materials, transferring them to the production stage, and then transporting the finished goods to a distribution facility or a retail location where the consumer may pick them up.

To learn more about supply chain
brainly.com/question/25160870
#SPJ4

5 0
1 year ago
A salary owed to employees is an example of an accrued expense <br> a. True <br> b. False
pogonyaev
<span>a. True

An accrued expense is an expense that exists in the books before it is paid off and it's a liability. It's a periodic and documented expense, and they are the opposite of prepaid expenses. A salary owed to employees is an example of an accrued expense.</span>
5 0
2 years ago
Read 2 more answers
Rita is a customer service representative who is working toward a resolution with an unhappy customer. She has already set the t
Minchanka [31]

Answer:

work toward possible solutions

5 0
3 years ago
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