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coldgirl [10]
4 years ago
8

Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p

rice of $1,030. At this price, the bonds yield 6.14 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Business
1 answer:
PSYCHO15rus [73]4 years ago
4 0

Answer:

6.32%

Explanation:

Bonds yield amount = $1,030 × 6.14% = $63.242

Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

Therefore, the coupon rate on the bonds must be 6.32%.

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If the supplies on hand at the end of January totaled $500 and the Supplies on Hand account before adjustment is $900, what shou
Natali5045456 [20]

Answer:

The adjustment at month-end is :

Supplies Expense $400 (debit)

Supplies $400 (credit)

Explanation:

The Supplies Account is an asset Account that decreases as the supplies are used in the business.

The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :

<em>Supplies Expense $400 (debit)</em>

<em>Supplies $400 (credit)</em>

4 0
3 years ago
D
trasher [3.6K]

The type of organizational learning that involves a formal approach to familiarize a new staff member with the organization's values and policies is <u>B. employee orientation</u>.

<h3>What is organizational learning?</h3>

Organizational learning involves the process of gaining experience and creating knowledge for organizational improvement.

Organizational learning enables employees to:

  • Share insights
  • Brainstorm together
  • Solve problems
  • Improve performance.

Thus, familiarizing new staff members with the organization's values and policies involves <u>employee orientation</u>, not employee mentorship, training, or development.

Learn more about employee orientation as part of organizational learning at brainly.com/question/11815347

#SPJ1

7 0
2 years ago
Liz meija is employed as a social worker in a host setting. she is most likely employed in a(n) ______.
olga_2 [115]
Liz Meija is emplayed as a social worker in a host setting. She is mosy likly employed in an agency.
8 0
3 years ago
Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufacture
Dmitry_Shevchenko [17]

The correct answer is A) Yes, meets all assumptions.

Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufactures their socks: Yes, meets all assumptions.

What we are trying to do here is to define if the affirmation is about a competitive market. And the answer is yes, it meets all assumptions. The socks market is a competitive market because it has a large number of buyers and sellers that is not as big if compared to the size of the total market. The socks matter is offering barely the same product to customers. There is no differentiation at all. And in this case, companies can enter or leave the market whenever they want.

6 0
3 years ago
On January 1, 2015, East Lansing, Inc, issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually.
Trava [24]

Answer:

The answer is option D

Explanation:

The bond can be issued at par, at a discount or at a premium depending on the coupon rate and the market interest. The price of the bond which pays semi annual coupon can be calculated using the formula of bond price. The formula to calculate the price of the bond is attached.

First we need to determine the semi annual coupon payment, periods and YTM.

Semi annual coupon payments = 2000000 * 0.1 * 6/12 = 100000

Semi annual periods = 5 * 2 = 10

Semi annual YTM = 0.08 * 6/12 = 0.04

Bond Price = 100000 * [(1 - (1+0.04)^-10) / 0.04]  +  2000000 / (1+0.04)^10

Bond Price = $2162217.916

The price of the bond is thus $2162290 approx. The difference in answers is due to rounding off.

5 0
4 years ago
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