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riadik2000 [5.3K]
3 years ago
14

Paul's Dogs Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.5 percent. The current yield on these bonds

is 8.85 percent. How many years do these bonds have left until they mature
Business
1 answer:
Setler79 [48]3 years ago
4 0

Answer:

4.17 years

Explanation:

For Bond,

Let's take Bond Par Value = $1,000

Coupon Rate = 9%

YTM = 8.5%

Current Yield = Annual Dividend/Current Price

0.0885 = 90/Bond Price

Bond Price = $1,016.95

Calculating Time left to Maturity,

Using TVM Calculation,

T = [FV = 1000, PV = 1016.95, PMT = 90, I = 0.085]

T = 4.17 years

So,

Time left to Maturity = 4.17 years

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Bantam company calculated its net income to be $38,775 based on the unadjusted trial balance. The following adjusting entries we
Goryan [66]

Answer:

the amount of net income or loss is $39,285

Explanation:

The computation of the amount of net income or loss is shown below:

= Net income + interest earned + unearned revenue - salaries & wages - prepaid insurance

= $38,775 + $375 + $805 - $395 - $275

= $39,285

hence, the amount of net income or loss is $39,285

The same should be considered and relevant

5 0
3 years ago
The following costs were incurred in May:
galben [10]

Answer:

the conversion cost is $58,200

Explanation:

The computation of the conversion cost is shown below:

The conversion cost is

= Direct Labor + Manufacturing Overhead

= $32,800 + $25,400

= $58,200

Hence, the conversion cost is $58,200

It is the combination of the direct labor and the manfacturing overhead

6 0
2 years ago
Wayne has been employed as a trainee in a print shop for one month and receives less than minimum wage for his work. According t
ipn [44]

Answer:

Explanation below

Explanation:

When organizations are looking at hiring interns, they should make sure it does not go against the laws of the Fair Labor Standards Act (FLSA) which broadly defines what it means to employ someone and remained silent regarding whether interns should be exempted from minimum wages.  

FLSA provides that if your company like that of Wayne in the question, benefits from the use of interns they hired, then they must pay them a sum that is equivalent to the minimum wage.

But if the intern does not do any work that directly benefits the organization, but just there to learn and watch how things are going, then it can be justified in not paying them at all.  

so Wayne's rights have been violated since the wage was below the minimum wage.

4 0
2 years ago
As an alternatives to FDI, firms could choose ______, which involves producing goods at home and shipping them overseas, or ____
Vladimir79 [104]

Answer:

As an alternatives to FDI, firms could choose <u>EXPORTING</u>, which involves producing goods at home and shipping them overseas, or <u>LICENSING</u>, which is granting a foreign firm the right to produce and sell a product in return for a royalty fee.

Explanation:

To export a good (or service) means to sell a domestically produced good to other foreign countries. Traditionally basically only goods were exported, but lately there has been a surge of service exports, e.g. outsourcing customer services to India.

Licensing a product or service refers to a licensor giving permission to produce a product or service and sell it within a given market, usually foreign market. The licensor charges royalties to the licensee in exchange for that permission.

7 0
3 years ago
Benitez Company makes wicker and wooden slat picnic baskets. It requires approximately 1 hour of labor to make one basket of eit
kifflom [539]

Answer:

Assigned cost= $16,080

Explanation:

Giving the following information:

Wicker baskets are produced in batches of 100 units.

Wooden slat baskets are produced in batches of 50.

Setup is required for each batch. During the most recent accounting period, the company made 8,000 wicker baskets and 2,000 wooden slat baskets. Setup costs amounted to $24,000 for the baskets produced during the period.

First, we need to determine the number of batches.

Wicker= 8000/100= 80 batches

Wooden= 2000/50= 40 batches

Proportion of batches= 80/120= 0.67

Assigned cost= 24000*0.67= $16,080

8 0
3 years ago
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