Answer:
Correct Answer: The least likely question to be included in the ethic test is:
A) What Health-Tech employees will be affected by my actions?
Explanation:
This is because, it does not have a direct implication to the code of conduct expected by the Health-Tech's company when compared with others. <em>For example, seeing a fraud going on in the company, it is expected that the staff should report to the appropriate management staff irrespective of whether the action would affect the staff's friend or not.</em>
Answer:
The required quarterly payment is $52,096
Explanation:
According to the given data we have the following:
Principal=$2,000,000×0.90=$1,800,000
I=8.1%/4=2.025%
N=15×4=60
Therefore, in order to calculate the required quarterly payment we would have to use the following formula:
quarterly payment=<u>$1,800,000</u><u>×2.025%</u>
1-(1+2.025%)∧-60
=$52,096
Answer: $1,193,838.80
Explanation:
The price of a bond is the sum of the present value of the coupon payments and the face value at maturity.
= Present value of coupon payments + Present value of face value at maturity
First adjust the variables for semi-annual:
Number of periods = 5 * 2 = 10 semi annual periods
Coupon payment = 8% * 1,100,000 * 1/2 years = $44,000
Yield = 6% / 2 = 3%
Present value of coupon payments:
The coupon payments are constant so are an annuity:
= Annuity * Present value of an annuity factor, 10 periods, 3%
= 44,000 * 8.5302
= $375,328.80
Present value of face value
= 1,100,000 * Present value of 1, 3%, 10 periods
= 1,100,000 * 0.7441
= $818,510
Selling price:
= 375,328.80 + 818,510
= $1,193,838.80
Answer:
The Russell Company's net income would be $64,440
Explanation:
The computation of adjusted net income is shown below:
= Net income - office supplies used + service performed for clients - interest accrued to bank
= $66,000 - $2,160 + $2,640 - $2,040
= $64,440
The office supplies are an expense so it is deducted
The service performed is an unearned revenue which is an income so it will be added
And, the interest is accrued to the bank which is also an expense so it will also be deducted. If the question says from the point of the lender, so it will be added.
Hence, the Russell Company's net income would be $64,440
