Answer:
The correct answer is $9432.31.
Explanation:
According to the scenario, The given data are as follows:
Par Value (FV) = $10,000
Time Period = 15 years
Time period (Semi annual) (Nper) = 30
Coupon rate ( semi annual) = 3.3% / 2 = 1.65%
So, payment (pmt) = $10,000 × 1.65% = $165
Yield (r) (semiannual) = 3.8% / 2 = 1.9%
By putting the value in financial calculator, we get
Hence, The price of the bond is $9432.31.
Answer:
3.69
Explanation:
We know,
The productivity in sales revenue/labor expense =
Given,
Sales revenue = Units sold × Sale price per unit
Sales revenue = 1,217 units × $1,700
Sales revenue = $2,068,900
labor expense = Total labor hours × wage rate per hour
labor expense = 46,672 × $12
labor expense = $560,064
Putting the values into the formula, We can get,
The productivity in sales revenue/labor expense =
The productivity in sales revenue/labor expense = 3.69
Answer: $150,000
Explanation:
Seeing as the litigation expense will only be paid in 2018, it should be added back to income for 2015.
= 900,000 + 100,000
= $1,000,000
As the depreciation will reverse evenly over the next three years and with future income probable, it should be removed from income.;
= 1,000,000 - 300,000
= $700,000
Municipal Bonds have the advantage of being Tax-exempt so their interest income should be removed to calculate how much tax should be paid.
= 700,000 - 200,000
= $500,000
2015 Income Tax Payable = 500,000 * 30%
= $150,000
