According to johnson in "privacy" all of these areas have seen changes due to the use of computerized data except:

What is the discount yield, bond equivalent yield, and effective annual return on a $3 million commercial paper issue that curre

aleksklad [387]

Answer:

(a) 6.206%

(b) 6.54%

(c) 6.58%

Explanation:

Given that,

Commercial paper value = $3 million

Currently selling at 97.50 percent of its face value.

Days from maturity = 145

(a) Discount yield:

= $\frac{(Face\ value - Current\ price)}{Face\ value}\times\frac{360}{Days\ in\ maturity}$

= $\frac{(100 - 97.50)}{100}\times\frac{360}{145}$

= 0.025 × 2.4827

= 0.06206 or 6.206%

(b) Bond equivalent yield:

= $\frac{(Face\ value - Current\ price)}{Current\ price}\times\frac{365}{Days\ in\ maturity}$

= $\frac{(100 - 97.50)}{97.50}\times\frac{365}{145}$

= 0.026 × 2.52

= 0.0654 or 6.54%

(c) Effective annual return:

Future value = Present value × $(1+r)^{n}$

$100 = $97.50 × $(1+r)^{\frac{145}{365}}$

$(\frac{100}{97.50})^{\frac{365}{145}} = 1+r$

1.0658 = 1 + r

0.0658 or 6.58% = r

6 0

3 years ago

The following items appear on the balance sheet of a company with a one-year operating cycle. Identify the proper classification

nexus9112 [7]

Answer:

1. Notes payable (due in 13 to 24 months) - Long term Liability

This note will be owed for a period of more than 1 year. When this happens the note is said to be Long term.

2. Notes payable (due in 6 to 11 months). - Current Liability

As this note is due in a period less than a year, it is considered a current Liability.

3. Notes payable (mature in five years). - Long term Liability

This is a note that matures in a period more than a year making it a Long term Liability.

4. Current portion of long-term debt. Current Liability.

The current portion is due to be paid within the period so it is short term and hence a Current Liability.

5. Notes payable (due in 120 days). Current Liability.

Due in less than a year.

6. FUTA taxes payable. Current Liability

Taxes are generally considered a short term Liability until they are paid.

7. Accounts receivable. N (Not a Liability)

Accounts Receivable are Assets.

8. Sales taxes payable. Current Liability.

Taxes are generally considered a short term Liability until they are paid.

9. Salaries payable. Current Liability.

These salaries are owed for the period but have not been paid making them Current.

10. Wages payable. Current Liability.

Same as above. They are owed for the period but not yet paid.

4 0

3 years ago

The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.

Nikitich [7]

Answer:

See below

Explanation:

With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.

Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.

7 0

3 years ago

The brake pedal is low and spongy ; all brake adjustments have been completed according to specifications.the cause of the probl

Aleksandr-060686 [28]

The problem could most likely be a weak hydraulic brake hose.
A weak hydraulic brake hose could cause a spongy pedal. As the pressure builds in the system, the hose may expand and not relay the pressure to the brake units.

6 0

3 years ago

Prison contain only felony criminals. true or false?

alex41 [277]

"A felony conviction, like a misdemeanor conviction, may not result in time behind bars. But felonies carry potential imprisonment that ranges from time in prison (a year is often the low end) to life in prison without parole or even death." So the answer is true

6 0

3 years ago