Answer:
YTM is 6.90%
Explanation:
The yield to maturity on the bond can be computed using the rate formula in excel.
=rate(nper,pmt,-pv,fv)
nper is the time to maturity of 20 years multiplied by 2 since the bond is paying interest on semi-annual basis
pmt is the semi-annual interest receivable by investor which 6.8%/2*$1000=$34
pv is the current market price of $989.45
fv is the face value of $1000
=rate(40,34,-989.45,1000)
rate=3.45%
The 3,45% is the semi-annual YTM, whereas the annual YTM 3.45%
*2=6.90%
Because the private sector is much larger than the public sector, it dominates the economy.
Capitalism is a monetary gadget in which capital items are owned by personal individuals or groups. The manufacturing of products and services is based totally on deliver and demand in the general market, rather than thru central planning.
They are both correct in this scenario. There are many ways that the oil can be distributed depending on how the company delivers the oil and systems. Engines are built differently depending on the specific needs, vehicles, operating systems.
Answer:
PAIRS OF SUBSTITUTES
tea - coffee
butter - margarine
petroleum - natural gas
PAIRS OF COMPLEMENTARY GOODS
printer - ink cartridge
pen-refill
Explanation:
Substitutes are goods that can replace other goods. On the other hand, complementary goods go hand in hand with one another. This implies that while substitutes can be used in isolation, complementary goods cannot be used in isolation of each other. For example, if one needs a pen, they also require a refill.
Answer:
Part A. $8514
Part B. Purchase Return
Explanation:
Part A. The cash required to payment is the inventory purchases after the sales return. And here the inventory purchases after purchase return are:
Purchases after purchase return = $9,900 - $1,300 = $8600
Now the discount available is 1%
So this implies:
Cash required = $8600 * (100-1)% = $8,514
Part B. Now the double entry under perpetual inventory system would be:
Dr Accounts Payables $86
Cr Purchase Return $86