Skill development, more opportunities
The value of the bond is $865.80.
<h3>What is a bond?</h3>
A bond is a debt instrument used to raise capital. Bondholders receive periodic interest payment. At the maturity of the bond, the bondholders receive the amount invested.
<h3>What is the value of the bond?</h3>
The value of the bond can be determined by calculating the present value of the bond. The present value is the sum of the discounted cash flows.
Present value = (60 / 1.08) + (60 / 1.08^2) + (60 / 1.08^3) + (60 / 1.08^4) + (60 / 1.08^5) + (60 / 1.08^6) + (60 / 1.08^7) + (60 / 1.08^8) + (60 / 1.08^9) + (60 / 1.08^10) + (1000 / 1.08^10) = $865.80
To learn more about present value, please check: brainly.com/question/25748668
Answer:
TVG
Times Interest Earned Ratio (TIER) = Earnings Before Interest & Taxes divided by Interest Expense
= $300,000/$$80,000 = 3.75 times
Explanation:
a) TVG Income Statement:
Revenue $3,000,000
Cost of goods sold 2,500,000
Gross profit $500,000
Depreciation 200,000
EBIT $300,000
Interest Expense 80,000
Pre-tax Income $220,000
b) TVG's TIER shows the number of times that its earnings before interest and taxes covers the interest expense. It shows the ability of the TVG to settle its maturing debt obligations from current earnings. It is an important financial performance measure which potential investors in TVG will use to gauge the ability of TVG to meet financial obligations from the earnings it generates.
by automatically generating shipping forms
So what is the question? This is just a statement.
