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a_sh-v [17]
3 years ago
15

"A 5 year 3 1/2% Treasury Note is quoted at 98-4 - 98-9. The note pays interest on Jan 1st and Jul 1st. A customer buys 5M of th

e notes. Approximately how much will the customer pay, disregarding commissions and accrued interest?"
Business
1 answer:
UkoKoshka [18]3 years ago
3 0

Answer:

$4,914.06

Explanation:

Calculation for how much will the customer pay by disregarding commissions and accrued interest

The 5M which the customers used to buy the notes means that the customer is buying $5,000 par value of the notes.

Take note that the capital letter M in Latin means for $1,000.

Therefore the customer will have to buy at the ask price of 98 and (9/32nds =0.28125) which means that 98%+0.28125 will gives us 98.28127.

Now let calculate for how much will the customer pay by disregarding commissions and accrued interest

98.28125% * $5,000 par

= $4,914.06

Therefore the amount that the customer pay by disregarding commissions and accrued interest will be $4,914.06

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Peter operates a dental office in his home. The office occupies 250 square feet of his residence, which is a total of 1,500 squa
Alex777 [14]

Answer:

$3,000

Explanation:

Per IRS form 8829, allocation of total expense to home office can be arrived by dividing the total usable area of home by the work area to get the percentage of expenses allocable to home office.

So, 250 square feet / 1500 square feet = 16.6666666%

Total expenses incurred;

Rent $12,000

Utilities 4,800

Maintenance 1,200

—————

Total $18,000x16.6666666%=$3,000

or simply, $18,000 x 250/1500 = $3,000 (to be exact in decimal points)

7 0
3 years ago
Compute conversion costs given the following data: direct materials, $381,400; direct labor, $196,500; factory overhead, $194,00
qwelly [4]

Answer:

Conversion costs: c.$390,500

Explanation:

Conversion costs are those production costs required to convert raw material to finished goods. Conversion costs include direct labor and manufacturing overheads costs.

Conversion Costs = Direct Labor cost + Manufacturing Overheads cost= Total Manufacturing Costs – Direct Material cost

With direct labor cost of $196,500; factory overhead cost of $194,000.

Conversion Costs = $196,500 + $194,000 = $390,500

4 0
3 years ago
Kathy fields wants to buy a condominium selling for $95,000. The bank is requiring 20% down and is charging 9.5% interest for a
tatuchka [14]

Answer:

The down payment is 19000 and monthly payment is 664.009

Explanation:

The purchase price of condominium = $95000

Down payment = 20%

Interest charged  = 9.5 %

Time period = 25 years

Down payment amount =  95000 × 20% = 19000

Remaining loan amount = $76000

Below is the calculation of monthly payment:

\text{Present vlaue of annuity} =\frac{A(1-(1+r)^{-n})}{r} \\A = monthy \ installment \\76000 = \frac{A(1-(1+ 0.095/12)^{-25\times 12})}{ 0.095/12} \\A(0.906112) = 601.667 \\A = 664.009

3 0
3 years ago
How to delete a car from your state farm insurance
s2008m [1.1K]

Answer:

hack

Explanation:

hack into the system and move it off your perminate recorder you won't be able to delete it

7 0
2 years ago
Read 2 more answers
Who has a fear of clowns?
Mashutka [201]

I do lol, they kinds scary yk?

4 0
3 years ago
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