Solution:
a.
N I/Y PV PMT FV
10 × 2 10 / 2 CPT
PV −1,000.00 100 / 2 1,000
10%/2=5% *1000= 50
n=20
i=5%
pmt 50
fv 1000
Answer: $1,000.00
b.
N I/Y PV PMT FV
5 × 2 10 / 2 CPT
PV −1,000.00 100 / 2 1,000
n=8
pmt 50
i 5%
fv 1000
Answer: $1,000.00
a.
Appendix D
Present value of interest payments:
PVA = A × PVIFA (5%, 20)
= $50 × 12.462
= $623.10
Appendix B
Present value of principal payment at maturity:
PV = FV × PVIF (5%, 20)
= $1,000 × .377
= $377.00
Bond price = $623.10 + 377.00
= $1,000.10
b.
Appendix D
Present value of interest payments:
PVA = A × PVIFA (5%, 10)
= $50 × 7.722
= $386.10
Appendix B
Present value of principal payment at maturity:
PV = FV × PVIF (5%, 10)
= $1,000 × .614
= $614.00
Bond price = $386.10 + 614.00
= $1,000.10
C. Send a quick reply stating that she needs more time to consider the question
Answer:
Option A) passion those it halp
Answer: Chapter 7 bankruptcy
Explanation:
Sondra was expecting a shipment of food from one of her suppliers and it didn't come. When she called the supplier the phone was disconnected. Later Sondra read that the supplier had gone out of business because it couldn't pay its debts. The supplier likely declared Chapter 7 bankruptcy.
It should be noted that chapter 7 bankruptcy is a very common form of bankruptcy and does not involve filing of a repayment plan.
Answer:
Direct material price variance= $69,160 unfavorable
Explanation:
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Standard price= 478,800/72,000= $6.65
Actual price= 574,560/76,000= $7.56
Direct material price variance= (6.65 - 7.56)*76,000
Direct material price variance= $69,160 unfavorable