Answer:
i think it is a company's fleet of cars. Because the fleet of cars is the responsibility of the company.
Explanation:
Answer:
Employment at will
Explanation:
Employment at will can be considered as principle of employer which gives right to employer to end the employment of employee at any specific time.
it is term used in contract between the employer and employee at the time contract which gives authority to the job provider to dismiss the employment for any reason which is legal according to federal law.
Answer:
The Gold Division’s break-even sales is closest to $102,174
Explanation:
Break even point is the level of sales at which business has no profit no loss position. At this level of sales business covers all the variable and fixed costs as well.
Gold Division
Sales $131,000
Contribution margin $60,260
Contribution Margin Ratio 46%
Traceable fixed expenses $47,000
Break-even Sales $102,174
Common fixed cost will not be added in calculation of divisional break-even.
Working
Contribution margin ratio = Contribution margin / Sales = 60260 / 131,000 = 46%
Break-even Sales = Fixed cost of division / Contribution margin of division = $47,000 / 46% = $102,174
Answer:
Price of the bond is $940.
Explanation:
Price of bond is the present value of future cash flows. This Includes the present value of coupon payment and cash flow on maturity of the bond.
As per Given Data
As the payment are made semiannually, so all value are calculated on semiannual basis.
Coupon payment = 1000 x 11% = $110 annually = $55 semiannually
Number of Payments = n = 11 years x 2 = 22 periods
Yield to maturity = 12% annually = 6% semiannually
To calculate Price of the bond use following formula of Present value of annuity.
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond =$55 x [ ( 1 - ( 1 + 6% )^-22 ) / 6% ] + [ $1,000 / ( 1 + 6% )^22 ]
Price of the Bond = $55 x [ ( 1 - ( 1.06 )^-22 ) / 0.06 ] + [ $1,000 / ( 1.06 )^22 ]
Price of the Bond = $662.29 + $277.5
Price of the Bond = $939.79 = $940
