1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aneli [31]
3 years ago
5

National Storage issued $90 million of its 10% bonds on April 1, 2018, at 99 plus accrued interest. The bonds are dated January

1, 2018, and mature on December 31, 2035. Interest is payable semiannually on June 30 and December 31. What amount did National receive from the bond issuance?
Business
1 answer:
Ahat [919]3 years ago
3 0

Answer:

The total amount of cash  received is $91,350,000

Explanation:

The amount of cash proceeds realized from the bond issuance is the 99% of face value of $90 million plus the coupon interest due from January 2018(date of the bond) to April 1 ,2018(the date of bond issuance),that is three months of coupon interest payment.

The bond proceeds is computed as below:

Discounted bond price 99%*$90,000,000            =$ 89,100,000

Three months of interest 10%*$90,000,000*3/12   =$2,250,000

Total amount received from bond issue                    $91,350,000

You might be interested in
You're more likely to be effective if you begin with "harder" tactics and move to "softer" tactics only if the harder tactics fa
blagie [28]

Answer:

False

Explanation:

As per the chapter of power and politics, all tactics exercised depends on the audience on which it is exercised, and how responsive the audience reacts to such tactics, but it is said to apply the softer tactics as would be easy to apply for the individual and it might result favorable on audience.

If such soft tactics fail then harder tactics shall be practice. As this will minimal the efforts of individual and will impact highly on the power to attain goals.

Thus, the above stated statement is False.

7 0
3 years ago
In Macroland, currency held by the public is 2,000 econs, bank reserves are 300 econs, and the desired reserve/deposit ratio is
kotegsom [21]

Answer:

the money supply in Macroland will increase from <u>5,000</u> econs to <u>7,000</u> econs

Explanation:

Currently, Macroland's money supply = 2,000 econs held by the public and 3,000 econs held by the banks (= 300 econs x 1/0.1).

In order to determine the increase in the money supply we must multiply the inflow of econs by the money multiplier. The money multiplier = 1 / reserve ratio = 1/0.1 = 10.

Since the government is injecting 200 econs to the economy, the increase in the money supply = 200 econs x 10 = 2,000 econs.

So now, Macroland's money supply will increase from 5,000 to 7,000 econs.

The money multiplier measures the banking system's ability to "create" money. The banking system creates money by first receiving deposits, e.g. you deposit 10 econs in your savings account, and then lending money to another client. The bank will lend 9 econs (-10% required reserve) to John that will purchase a bike. The seller of the bike receives the money form John and deposits the 9 econs in his own bank. Then this second bank will lend 8.10 econs to Sarah. Sarah will use the money to purchase a new computer and a printer from Tom. Tom then deposits the money in his bank, and then his bank lends 7.29 econs to Sally, and the wheel goes on and on.

This money creating process is possible because Macroland uses a fractional banking system, which means that the banks are only required to keep a fraction of total deposits as reserves.

7 0
3 years ago
Calliope Corp. has outstanding 400 shares of common stock of which Yak, So, Day, and Ren each own 100 shares or 25 percent. No s
Karo-lina-s [1.5K]

Answer:

Day

Explanation:

To qualify as an exchange, a redemption must be substantially disproportionate. It should be below 80% of what it was before the redemption

They had 25% 80% would be 20% so those shareholders below 20% will be considered exchange:

Yak: 100 - 34 = 66   then 66 / 300 = 22%

So:  100 - 24 = 76   then  76/300 = 25.33%

Day 100 - 42 = 58 then 58/300 = 19.33%

Dya qualifies as decrease below 80% of their previous percentage of owership

8 0
3 years ago
Privatization is a way to a. shrink the federal budget by selling government services or property in the private sector. b. incr
kumpel [21]

Answer:

c. reduce government costs by relocating government programs to private groups or corporations.

Explanation:

Privatisation is reducing the share of government ownership & increasing the share of private ownership.

It can be done in two ways : Disinvestment of Public Sector Units (PSUs)  Equity , Transfer of PSU (s) ownership & management to private sector.

Privatisation by either of the two ways reduces the financial burden on government, by liberating them from management of public sector or state owned enterprises. This public private reallocation, hence reduces government costs or expenditure -  by assigning programs unnecessary to be done by public sector - to private groups or corporations.

Eg : When Indian Economy underwent New Economic Policy [Liberalisation, Privatisation, Globalisation] in 1991, it reduced government reserved sectors from 18 to only crucial 3 - Railways, Defence etc.

6 0
3 years ago
Why is white-collar employment more significant in a postindustrial society than in a industrial society?
iren2701 [21]

Answer:

Explanation:

White-Collar is a term that refers to employees that wear suit and tie, and usually work from a desk job, while excluding physical labor. These desk jobs are everywhere in a postindustrial society which focuses on the use of technology and providing goods and services to the consumers, usually through online routes. While industrial societies focus on hard labor and mass production of goods and services through manufacturing assembly lines.

8 0
3 years ago
Other questions:
  • Five Seasons is a merchandiser of packed foods. The company provides the following information for the​ year: Sales Revenue $ 15
    13·1 answer
  • What type of organization provides the liability advantages of a corporation, without the regulations corporations must deal wit
    8·1 answer
  • Many areas of sales promotions are regulated by the _____ through the marketing practices division of the bureau of consumer pro
    14·1 answer
  • Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. however, this
    7·1 answer
  • International marketing can be defined as
    13·1 answer
  • Tulsa Company, (a merchandising Co.) has the following data pertaining to the year ended December 31, 2016: (CPA adapted) Purcha
    5·1 answer
  • The _____ was developed to review workforce needs and make recommendations to the federal government to ensure that national pol
    9·1 answer
  • A bond par value is $1,000 and the coupon rate is 6.3 percent. The bond price was $946.86 at the beginning of the year and $984.
    7·1 answer
  • For each hypothetical scenario, indicate whether the tariff described is more likely a protective tariff or a revenue tariff.
    9·1 answer
  • Anyway hi, I'm Janis Ian/Janis Sarkasian, Mean Girls movie/musical introject, pronouns are she/sketch, I identify as a girl, and
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!