Answer:
The rate of return is 7.20%
Explanation:
a) Assuming you purchased the bond for $880, in order to calculate the rate of return you earn if you held the bond for 25 years until it matured with a value $5,000 we would have to calculate the following formula:
Rate of Return = [FV/PV]1/n - 1
Rate of Return= [$5,000 / $880]1/25 - 1 = [5.6818]0.04 - 1 = 1.0720 - 1 = 0.0720, or 7.20%
Rate of Return= [5.6818]0.04 - 1
Rate of Return= 1.0720 - 1
Rate of Return=0.0720, or 7.20%
The rate of return is 7.20%
Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
Public hotspots such as the one Tenisha encountered in a local coffee shop allows people to gain Wi-fi through a Wireless Local Area Network (WLAN) which uses a router that is connected to an internet service provider. Tenisha, upon clicking the hotspot name, will be prompted to connect to the network. Afterwards, she may be required to type in a password in order to be connected to the internet.
<span>This particular style of management would be Autocratic in nature. In this management style, the style of the manager and his or her opinion is the one revered, and the only one that is honored. It does't matter how talented the subordinates are, they will do that manager's will, or face consequences. High turnover of good talent is high in this type of management style.</span>
