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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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Pat manages the customer care department of her firm. She is very happy with her team of 15 customer care representatives​ who'v
Serggg [28]

Answer:

Motivation

Explanation:

<em>Motivation in work is when employees are incentivized due to their good performance</em>, this happens when they provide the company a greater value. There are two kinds of motivation:

  • Internal: it includes emotions and thoughts, <em>in the exercise given this internal motivation is letting the team know that they are doing good</em>
  • External: includes salary and work environment, <em>in the case given the bonuses are the external motivation</em>

I hope you find this information is useful and interesting! Good luck!

3 0
3 years ago
Assume that salaried employees of Mayer, Inc., earn 2 weeks of vacation per year. The salaried employees earn a total of $160 ea
Dafna11 [192]

Answer:

Jan .7 Dr Vacation Benefits Expense $ 160

Cr To Vacation Benefits Payable $160

Explanation:

Journal entry for Mayer

Date Account Name Debit Credit

Jan .7

Dr Vacation Benefits Expense $ 160

Cr To Vacation Benefits Payable $160

( to record vacation pay expense.)

4 0
3 years ago
Read 2 more answers
Describes how a monopoly controls an industry
stira [4]

Answer:

Key ideas:

  • A single entity controls the flow of the product.
  • Possesses the power to limit prices.
  • Will have some influence in politics.
  • Difficult for new companies to enter the market.

Explanation:

Monopoly refers to the state when there is only one company controlling the flow of products, therefore controlling the prices of it. There are a lot of examples of monopoly in the contemporary era such as AB Inbev, but it doesn't mean that it is totally a modern concept. Monopoly existed even in history take for example the case of Carnegie steel mills or the issue of railroads.

When one company possess such power that it can control the price, it can badly damages the interest of other investors and consumers. But the reason they create a monopoly is that they have heavy influence in politics. That is how they turn up the decisions to their own benefits. And monopolies always try to create hurdles for new investors to get in the market. Because they are charging whatever they want due to no competition, as soon as new competition arrive it will challenge the monopoly which it can't take.

3 0
3 years ago
Mountaineers Inc. sells its rock-climbing shoes worldwide. Mountaineers Inc. expects to sell 4,000 pairs of shoes for $165.00 ea
bogdanovich [222]

Answer:

expected sales January, 4,000 pairs of shoes at $165 each = $660,000

expected sales February, 2,000 pairs of shoes at $220 = $440,000

expected COGS = 75% of expected revenue

expected sales March, 4,600 pairs of shoes at $240 = $1,104,000

ending inventory = $18,000 plus 45% of next month's COGS

<h2>                   <u>Sales budget</u>   </h2>

Month                       January              February             March

Units                           4000                  2000                  4600

Price                           $165                   $220                  $240

Total sales               $660,000         $440,000         $1,104,000

                   

<h2><u>Inventory, Purchases and COGS Budget</u></h2>

                                                       January        February      March

cost of goods sold                        $495,000    $330,000     $828,000

<u>+ desired ending inventory           $166,500    $390,600           ?        </u>

Total merchandise required         $661,500     $720,600           ?

<u>- beginning inventory                   ($315,000)   ($346,500)   ($374,100)</u>

budgeted purchases                    $346,500     $374,100            ?

8 0
3 years ago
Which of the following could be a synonym for the world 'externality'?
abruzzese [7]
Answer: option C. side-effect

Externality is an economic term, used to refer the damage or benefit that an individual or community experience, due to the activity of other agents who are pursuing other objective.

For example, when a enterprise burns fuel to produce energy, the increase of CO2 is an externality.
5 0
3 years ago
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