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3 years ago

9

A local Barnes and Noble paid a $79.99 net price for each hardbound atlas. The publisher offered a 20% trade discount. What was

the publisher’s list price?

1 answer:

lana66690 [7]3 years ago

8 0

Answer:

i believe it would be 63.99

Explanation:

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Juanita worked hard all year so that she could go to nursing school the following year. She put her savings into a mutual fun

Shkiper50 [21]

Answer:

Real Interest Rate = -2.7%

Explanation:

The formula to calculate the Real Interest rate is:

$r=(\frac{1+i}{1+p})-1$

Here,

r = Real Interest Rate

i = Nominal Interest Rate = 3% = 0.03

p = Rate of Inflation

We have the value of Nominal Interest Rate. Before using the formula we need to calculate the Rate of Inflation. We have the values of CPI at the beginning and end of the year. From these we can calculate the Inflation Rate. The formula to calculate the inflation rate is:

$p=\frac{CPI_{new}-CPI_{old}}{CPI_{old}} \times 100\%$

Using the values in this formula, we get:

$p=\frac{180-170}{170} \times 100\%\\\\ p=5.88\%$

Now we have all the values that we need to use. The values in the formula will be used in decimals, not in percentages. Substituting the values, we get:

$r=(\frac{1+0.03}{1+0.588} )-1\\\\ r=-0.027\\\\ r=-2.7\%$

Thus, the Real Interest Rate that Juanita earned is -2.7%. This shows that rate of Inflation is more than the Nominal Interest and the value of her savings actually decreased compared to the beginning of the year.

5 0

3 years ago

Trade-offs between the characteristics that make information useful may be necessary or beneficial. Issuance of interim financia

SashulF [63]

Answer:

A- relevance and reliability

8 0

3 years ago

Why are public goods important

umka2103 [35]

Answer:

Because it can be use by many people

6 0

3 years ago

The amount of goods or services that consumers are willing and able to buy is determined by

RoseWind [281]

The best answer is "C" or demand. Consumers will buy more or less depending on the demand.

I hope this helps!
<em>~cupcake</em>

5 0

3 years ago

Myriad Solutions, Inc. issued 12% bonds, dated January 1, with a face amount of $350 million on January 1, 2021, for $312,921,21

sammy [17]

Answer:

Myriad Solutions, Inc.

The net amount of the liability that Myriad would report in its balance sheet at December 31, 2021 is:

= $314,793,494

Explanation:

a) Data and Calculations:

Face value of bonds = $350 million

Discounted value (Cash receipt) = $312,921,210

Total amount of discount = $37,078,790

Bond's interest rate = 12%

Market yield = 14%

June 30, 2021:

Cash payment for interest = $21 million ($350 m * 6%)

Bonds' Interest expense = $21,904,485 ($312,921,210 * 7%)

Amortization of bond discount = $904,485 ($21,904,485 - $21 million)

Bond book value = $313,825,695 ($312,921,210 + $904,485)

Dec. 31, 2021:

Cash payment for interest = $21 million ($350 m * 6%)

Bonds' Interest expense = $21,967,799 ($313,825,695 * 7%)

Amortization of bond discount = $967,799 ( $21,967,799 - $21 million)

Bond book value = $314,793,494 ($313,825,695 + $967,799)

6 0

3 years ago