Given:
<span>bonds on the market with 19.5 years to maturity
</span><span>a yield to maturity of 6.6%,
current price of $1,043
face value of $1,000
YTM = Coupon payment / current price
6.6% = Coupon payment / 1,043
6.6% * 1,043 = Coupon payment
68.838 = coupon payment
Coupon rate = Coupon payment / Face Value
Coupon rate = 68.838 / 1,000
Coupon rate = 0.068838 or 6.88%
The coupon rate of DMA Corporation's bonds is 6.88%.
Regardless of its price in the market, each bond will have 68.838 annual interest payment or 34.419 semi annual payments.</span>
Answer:
Explanation:
It means that there must be a huge number of people that have little or nothing.
The most recent estimate of America's population is 331,000,000 roughly
1% of the population is 331,000,000 * 1/100 = 3,310,000
So that means that 3 million people own 33% of 14 trillion in property alone. These numbers are really hard to imagine.
1 trillion has 12 zeros behind it
so 14 trillion has 12 zeros behind it.
3 million people own 1,400.000,000 = 14 000 000 000 000 dollars worth of property.
That means that each person in that group of 3 million is 1 of 14 , 000, 000 in wealth just in property alone. The goods will dilute this somewhat, but I think you get the idea.
3 million people in the United States are multimillionaires, if they own 100% of the property. Of course that isn't true, but I think it's fair to say that they are not poor either.
Answer:
Since there is not enough room here, I prepared the financial statement effects template on an excel spreadsheet that I attached.
a)
January 1, unearned revenue
Dr Cash 30,150
Cr Unearned service revenue 30,150
b)
January 31, accrued services
Dr Unearned service revenue 5,025
Cr Service revenue 5,025
c)
January 31, service revenue from hourly custodial work
Dr Accounts receivable 570
Cr Service revenue 570
Answer: $700
Explanation:
Based on the information given in the question, the optimal price for this new jPad, which can be assumed to operate in a monopoly will be calculated thus:
P = 2000+Q
TR = P × Q
TR = (2000 + Q) × Q
TR = 2000Q + Q²
MR = 2000 + 2Q
MC = 600
Since marginal revenue equals to marginal cost, this will be:
MR = MC
2000+2Q = 600
2Q = 2000 - 600
2Q = 1400
Q = 1400/2
Q = 700
Answer:
Japan $760
The United States $1,600
France $6,320
Explanation:
Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.
The household saving rate is specified as total saving divided by disposable income.
Household saving = Disposable income * Households saving rate
Japan:
$40,000*1.9% = $760
United States
:
$40,000*4% = $1,600
France
:
$40,000*15.8% = $6,320
