The truth in lending act is contained in title of I of the:

simmons company issued four-year bonds with a par value of $1,000,000. the bonds have a 4% coupon rate and interest is payable s

VLD [36.1K]

Simmons Company issued four-year bonds with a $1,000,000 par value. Interest is due semi-annually on the bonds, which have a 4% coupon rate. The market interest rate is 6%. $1002402.88 must Simmons pay investors in interest on a semi-annual basis.

The Indeed Editorial Team is made up of a brilliant and diverse group of writers, researchers, and subject-matter experts who use Indeed's data and insights to provide helpful advice for navigating your career path.

Understanding how loans and investments operate is essential to laying a solid financial foundation for both you and your company. How interest is calculated is one of the key aspects of loans and investments. Your loans and investments may have simple interest or compound interest terms. You will discover what it implies, why it matters, and how to compute interest that is compounded semiannually interest in this post.

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7 0

1 year ago

ProCart manufactures shopping carts which it sells directly to supermarkets at a unit price of $36. Salesmen complain that they

Anna71 [15]

Answer:

salesman sell before contributes anything to manufacturing overhead and profit = 1852 units

Explanation:

given data

Sale price = $36

variable cost = 40%

budgeted auto and travel expenses = $12,000

salary = $28,000

to find out

how many units will the salesman sell before contributes anything to manufacturing overhead and profit

solution

we get here makes variable cost that is

makes variable cost = 40% of $36

makes variable cost = $14.40

so contribution margin per unit will be

contribution margin = 36 - 14.4

contribution margin = $ 21.60

and Fixed cost will be as

Fixed cost = salary + budgeted auto and travel expenses

Fixed cost = 28000 + 12000

Fixed cost = $40000

and now salesman sell before contributes anything to manufacturing overhead and profit will be as

salesman sell before contributes anything to manufacturing overhead and profit = Fixed cost ÷ Contribution margin per unit .......................1

salesman sell before contributes anything to manufacturing overhead and profit = $\frac{40000}{21.6}$

salesman sell before contributes anything to manufacturing overhead and profit = 1852 units

5 0

3 years ago

The Japanese method of organizing for product design features: a. teams. b. product managers (champions). c. distinct department

Dvinal [7]

Answer:

The correct option is D, a single organization without subdivisions or individual teams.

Explanation:

Typically organizations are divided along functions and divisions.

A functional structure consists of different departments such as production,marketing ,finance.supply chain,maintenance, human resources and so on,with each function saddled with distinct responsibilities and having its own performance metrics.

Under a divisional structure, the firm is divided into division based on location or products with each division having different functions under it.

However, the Japanese method does not support divisionalization or departmentalization, instead advocated for an organization where everyone irrespective of specialty is seen as a member of a single team

8 0

3 years ago

PLEASE HELP!

vesna_86 [32]

I would say the third sentence. Proper planning and supervision is of utmost importance while catering to the client. I say this because the word diligence means, careful and persistent work or effort. This shows that the work is carefully planned. That's my opinion and not a fact so don't trust this unless my reasoning convinces you.

7 0

3 years ago

Getaway Travel Company reported net income for 2021 in the amount of $68,000. During 2021, Getaway declared and paid $18,000 in

Lynna [10]

Answer:

$0.35 per share

Explanation:

According to the scenario, computation of the given data are as follows,

Net income = $68,000

Preferred cash dividend = $18,000

So, we can calculate the basic earning per share by using following formula,

Basic Earning per share = ( Net income - Preferred cash dividend) ÷ Outstanding common shares

= ($68,000 - $18,000) ÷ [( 58,000 × 2) + (28,000 × 2 × 6/12)

= $50,000 ÷ [ 116,000 + 28,000]

= $50,000 ÷ 144,000

= $0.35 per share

4 0

3 years ago