Good news is when families are happy not arguing with each other. The bad news is when they fight and it messes up the family they separate.
Answer:
c. $326,948
Explanation:
we must determine the market price of the bonds:
market price = PV of face value + PV of coupons
- PV of face value = $300,000 / (1 + 2%)¹⁰ = $246,104.49
- PV of coupons = $9,000 (coupons) x 8.9826 (PV annuity factor 2%, 10 periods) = $80,843.40
total market price = $326,947.89 ≈ $326,948
since the market rate is lower than the coupon rate, the bonds should be sold at a premium.
Answer:
d. 0 3,120 units.
Explanation:
Consider the following formula to calculate the budgeted production
= Budgeted sales + Desired ending inventory - Beginning inventory available
= 3,000 + (4,200*10%) - 300 Setting the values of the previous formula.
= 3120 units
