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Pavlova-9 [17]
3 years ago
9

Consider the following bond quote: a municipal bond quoted at 101.25. If the municipal bond has a par value of $5,000, what is t

he price of the bond in dollars?
Business
1 answer:
Elena L [17]3 years ago
5 0

Answer:

= $5,062.5

Explanation:

A municipal bond represents a security usually of debt used primarily for capital expenditure financing by the government of a municipality, a state or a county. Such capital expenditure includes building infrastructures such as roads, schools, hospitals, bridges among several others.

Municipal bonds are usually exempted from taxes; federal taxes and even in quite a number of states both the state and the local taxes. This is done to motivate the people to purchase the bonds.

To calculate the price of the bond in dollars, the step is to

Multiply the Municipal bond quote (in percentage) by the Municipal bond par value

= Municipal bond quote = 101.25%

Municipal bond par value= $5,000

= 101.25% x $5000

= $5,062.5

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On March 3, Cobra Inc. purchased a desk for $280 on account. On March 22, Cobra purchased another desk for $410 also on account,
damaskus [11]

Answer:

The amount of $690  should recorded for desks

Explanation:

The amount which should be reported for desks at the end of march is computed:

Amount that should be reported for desks = Purchased on March 3 + Purchased on March 22

where

Purchased on March 3 amounts to $280

Purchased on March 22 amounts to $410

Putting the values above:

Amount = $280 + $410

= $690

Therefore, the amount of $690, which is to be recorded for the desks purchased by the Cobra company.

4 0
3 years ago
Harvey buys a used Jet Ski from Taylor's Water Sports. Harvey takes the Jet Ski to the river and discovers that it doesn't work.
joja [24]

Answer:

The correct answer is option A

a. cure the defect.

Explanation:

A problem that can be corrected based on the agreed terms and conditions by a seller or buyer is a curable defect.

6 0
3 years ago
If the cross-price elasticity of demand between Good A and Good B is 3, the price of Good B increases, and the price elasticity
Morgarella [4.7K]

<u>Answer: </u>

We can expect to see a large change in the quantity demanded for Good A.

<u>Explanation: </u>

  • As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
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5 0
3 years ago
Feeling "He who does the work of the King ought to be King," Pope Zacharias helped whom become King of the Franks in 751?
Gnom [1K]

Answer:

(C) Pepin The Short

Explanation:

In 741AD, Pepin took over from his father as Mayor of the Palace. He ruled alongside his elder brother.

In 743AD, Pepin and his brother chose Childeric to be the <em>apparent</em> King of the Franks. Both brothers still wielded the functional power to the throne. Childeric was just to 'appear to be' the King (unknown to him though).

In 747AD, Pepin's brother stepped down (intentionally and on his own accord). Pepin then became the only ruler of the entire Frankish territory.

In 751AD, Pepin, without full support from his clan, lured Childeric into monastery in order to remove him as the 'face of Francia'.

Pope Zacharias helped Pepin to be proclaimed King of the Franks, against all opposition.

3 0
3 years ago
When you are saving or investing, the amount of expected return you receive is based on this:
shutvik [7]

It is Based on The <u>Risk</u><u> </u><u>Level</u><u>.</u><u> </u>

7 0
2 years ago
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