To me at least, the context is unclear, though "Trade" seems to be a reasonable answer as we get a lot of goods from trade with foreign countries and get labor and other such services from other countries.
Answer:
Current bond price is $891.74
Explanation:
Coupon rate: 7%
Tenor (Nper): 13 years
Par value: $1,000
YTM (discounting rate): 8.4%
Coupon received annually (PMT) = $1,000 * 7% = $70
Current bond price = present value of coupon received annually + present value of bond
To calculate PV of coupon received, we use excel in formula PV(discounting rate ,Nper,- PMT) = PV(8.4%,13,-70) = $541.30
or calculate manually = 70/(1+8.4%)^13+70/(1+8.4%)^12+…..+70/(1+8.4%)^1 = $541.30
present value of bond = 1000/(1+8.4%)^13 = $350.44
Current bond price = $541.30 + $350.44 = $891.74
Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months
A. monthly payment amount
to the nearest cent
B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713% (effective annual rate)
Answer:
$52,000 is the correct answer.
Explanation:
Answer: $65
Explanation: Under the FIFO method, that is, first in first out method inventory is recorded on the assumption that the goods that were purchased first will also be sold first and the remaining inventory will have the latest purchased units.
So, in the given question the two units sold would be costing $80 and $95
Hence,
Gross profit = $240 - ($80 + $95)
= $65
