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bagirrra123 [75]
3 years ago
9

XYZ DebenturesIssue Date: 8-1-XXPayment Dates: J 1 & J 1Maturity Date: 7-1-XXSome years after issuance, a customer buys 10 d

ebentures in a regular way trade on Thursday, October 12th. The customer will owe the seller:________A. 103 days of accrued interestB. 105 days of accrued interestC. 106 days of accrued interestD. 107 days of accrued interest
Business
1 answer:
SashulF [63]3 years ago
4 0

Answer:

B. 105 days of accrued interest

Explanation:

The purchase on Thursday, October 12th will settle on Monday, October 16th - 2 business days after trade date.  

Accrued interest on corporate bonds is based on a 30days per month/360 day year.

And interest starts accruing from the day of the last interest payment, up to, but not including, settlement.

See below for day calculation

July   30 days

August  30 days

September 30 days

October  15 days (up to but excluding settlement)

Total  105 days

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RSB [31]

Answer:

net income increased by $1,537.50

Explanation:

Obviously, the original income statement is missing, so I looked for a similar question:

sales revenue                                 $16,500

COGS                                              <u>($9,300)</u>

Gross profit                                      $7,200

Operating exp.:

  • Administrative $950
  • Depreciation $1,300
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Net income                                 $4,537.50

net income increased by $4,537.50 - $3,000 = $1,537.50

8 0
3 years ago
Which industry most spurred economic growth and innovation in related industries?
Tatiana [17]

The actual correct answer is A railroads

4 0
3 years ago
Read 2 more answers
(01.02 mc) which of these actions was an economic cause of increased tensions between the north and south?
Damm [24]

The correct option is (b) Protective tariffs

Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.

<h3 /><h3>What is protective tarrifs?</h3>
  • An illustration of a protective tariff would be the US raising the customs charge on clothing imported from Britain so that it is significantly more expensive than clothing made domestically.
  • The importing countries profit the most from tariffs since they design the policy and receive the cash.
  • The main advantage of tariffs is that they generate income from imported products and services. Tariffs may also serve as a springboard for negotiations between two countries.
  • Protective tariffs are designed to shield vital American industries from international competition, stop foreign manufacturers from dumping inexpensive goods in the US, or both.

Learn more about the Tarrifs with the help of the given link:

brainly.com/question/11672570

#SPJ4

I understand that the question you are looking for is "Which of these actions was an economic cause of increased tensions between the North and South?

(a) Dred Scott decision

(b) Protective tariffs

(c) Bleeding Kansas

(d) Lincoln’s election"

6 0
1 year ago
Pls be nice and answer this for me. in the middle of a test. 50 pts!
Roman55 [17]

Answer:

c

Explanation:

nate should have chosen to ask the supplier for verification for the requisition order

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2 years ago
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Anni [7]
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