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3 years ago

In 2 hrs, Whitney can make 4 dozen cookies or 2 peach tarts. Her friend, Amy, can make 7 dozen cookies or 1 peach tart.

Business

1 answer:

bogdanovich [222]3 years ago

3 0

Answer: 4 dozen cookies and 1 peach tart

Explanation:

Whitney can make:

4 dozen cookies or 2 peach tarts in 2 hours

Amy can make:

7 dozen cookies or 1 peach tart in 2 hours

Here, we assume that there is only 2 hours of production

Cookies:

If Whitney specialize in cookies and there is no production of tart but only the production of cookies by Whitney, then,

Total production of cookies = 4 dozen cookies

Tart:

If Amy specialize in peach tart and there is no production of cookies but only the production of peach tart by Amy, then,

Total production of peach tart = 1 peach tart

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Chamberlain Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 12.2 percent

almond37 [142]

Answer:

The company should set the coupon rate on its new bonds at current yield to maturity of 4.81% if it wants them to sell at par.

Explanation:

There is a need to first calculate the yield to maturity (YTM) using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) * Number of semiannuals in a year = RATE(nper,pmt,-pv,fv)*2 .............(1)

Where;

YTM = yield to maturity = ?

nper = number of periods = number of years to maturity * number of semiannuals in a year = 17 * 2 = 14

pmt = semiannual coupon payment = face value * (annual coupon rate / number of semiannuals in a year) = 1000 * (12.2% / 2) = 61

pv = present value = current bond price = 1434.96

fv = face value of the bond = 1000

Substituting the values into equation (1), we have:

YTM = RATE(14,61,-1434.96,1000)*2

Inputting =RATE(14,61,-1434.96,1000)*2 into excel (Note: as done in the attached excel file), the YTM is obtained as 4.81%.

Therefore, the company should set the coupon rate on its new bonds at current yield to maturity of 4.81% if it wants them to sell at par.

Download xlsx

4 0

3 years ago

If parents say, "Never take candy from strangers" then why do we celebrate Halloween?

worty [1.4K]

Because of the paigans

3 0

3 years ago

Read 2 more answers

Suppose the Fed purchases $100 million of U.S. securities from security dealers. If the reserve requirement is 20 percent, the c

Alja [10]

Answer:

Option (D) is correct.

Explanation:

Given that,

Amount of securities purchased = $100,000,000

Reserve requirement ratio = 20 percent

Money multiplier:

= 1 ÷ Reserve requirement ratio

= 1 ÷ 0.20

= 5

Increase in money supply:

= Money multiplier × Amount of securities purchased

= 5 × $100,000,000

= $500 million

Therefore, the total impact on the money supply will be a $500 million increase in the money supply.

7 0

3 years ago

Presented below is net asset information related to the Marin Division of Santana, Inc.MARIN DIVISIONNET ASSETSAS OF DECEMBER 31

BartSMP [9]

Answer:

The impairment loss of $161m is jounalized below:

Account Debit Credit

$m $ m

Loss on impairment 161.00

Goodwill 161.00

Being impairment recorded

The impairment test on Marin division of Santana that gave rise to impairment loss of $161 m found in the attached spreadsheet

Explanation:

Please note excel formula used in each cell.

Download xlsx

8 0

3 years ago

Your firm needs a machine which costs $260,000, and requires $47,000 in maintenance for each year of its 10 year life. After 5 y

Aleks04 [339]

Answer:

nominal tax shield in year 10: 6,812 dollars

present value of the tax shield: 1,837.49

Explanation:

the nominal tax shield in year 10:

We look into the MACRS table for 10-years property class: 6.55%

The depreciation expense for this year is 260,000 x 6.55% = 17,030

Then this produces a tax shield of 40% 6,812

The nominal tax shield at year 10 is 6,812 dollars

considering time value of money today this tax shield is worth:

$\frac{6812}{(1 + 0.14)^{10} } = PV$

PV: 1,837.49

3 0

3 years ago