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lorasvet [3.4K]
3 years ago
15

How much is one euro in american dollars?

Business
1 answer:
djverab [1.8K]3 years ago
4 0
A euro equals $1.08 in American dollars.
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An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
ra1l [238]

Answer:

Bond Price​= $846.3

Explanation:

Giving the following information:

YTM= 0.05

Maturity= 15*2= 30 semesters

Par value= $1,000

Coupon= $40

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 40*{[1 - (1.05^-30)] / 0.05} + [1,000 / (1.05^30)]

Bond Price​= 614.90 + 231.38

Bond Price​= $846.3

6 0
3 years ago
American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed const
galben [10]

Answer and Explanation:

1. The Journal entry is shown below:-

Equipment Dr,  $4 million

         To Notes payable $4 million

(Being purchase of machine is recorded)

2. The preparation of amortization schedule for the four-year term of the installment note is shown below:-

Present value annuity factor for 10% for 4 years = 3.16987    

Note amount = $4,000,000    

Annuity value = $1,261,881

($4,000,000 ÷ 3.16987)

                    A              B = (A × 10%)      C            D = (C - B)       E = (A - D)

Dec 31   Opening value Effective  Installment Reduction in Ending value

                  of Note           Interest     Paid          value of note       of note

2021     $4,000,000     $400,000  $1,261,881   $861,881         $3,138,119

2022     $3,138,119        $313,812    $1,261,881   $948,069       $2,190,050

2023     $2,190,050      $219,005   $1,261,881   $1,042,876     $1,147,174

2024     $1,147,174         $114,707     $1,261,881    $1,147,174        $0

3. The Journal entry to record the first installment is shown below:-

Interest expense Dr, $400,000

Long term note payable Dr, $861,881

       To Cash $1,261,881

(Being the first installment paid is recorded)

4. The Journal entry to record the third installment is shown below:-

Interest expense Dr, $219,005    

Long term note payable Dr, $1,042,876    

        To Cash $1,261,881  

(Being third installment paid is recorded)

6 0
3 years ago
The owner of a successful restaurant has gotten bored with his business. He
marta [7]

Answer:

my best guess would be C.

5 0
3 years ago
Read 2 more answers
The Laramie factory runs two departments: the Preparation Department and the Processing Department. The departmental overhead co
Westkost [7]

Answer:

The answer are:

  • $62.50 per direct labor hour - for preparation department
  • $33.33 per direct labor hour - for processing department

Explanation:

To calculate the departmental overhead cost per direct labor hour we must divide the total overhead cost over the total amount of direct labor hours.

Preparation department: $25,000 / 400 DLH = $62.50 per DLH

Processing department: $20,000 / 600 DLH = $33.33 per DLH

6 0
3 years ago
A trial balance (select one):
Furkat [3]

Answer:

a. is a list of accounts with their balances at a given time.

Explanation:

There are two columns in the trial balance, namely debit columns and columns of credit. The total amount of columns of debit and credit should always match and equaled.

The debit columns reflect assets and expenses side while earnings, stockholder equity, and liability side are listed in the credit column. It is prepared for the given period of time.

4 0
3 years ago
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