Answer: 1.82
Explanation:
Following the information given, the number of years that it will take until this bond matures will be calculated thus:
Current price = $1021.26
Coupon = 8% = 0.08
Face value = $1000
Semiannual coupon = 0.08/2 × 1000 = 40
Semiannual Yield = 6.74%/2 = 0.0674/2 = 0.0337
Total semiannual period = NPER(0.0337, 40, -1021.26, 1000) = 3.64
Total years will now be: = 3.64/2 = 1.82
Therefore, the correct option is B.
Answer:
$4,800
Explanation:
Data provided as per the question
Uncollectible receivables = $5,800
Allowance for Doubtful Accounts = $1,000
The computation of Bad Debt Expense is shown below:-
Estimated Uncollectible receivables - Allowance for doubtful accounts as per aging analysis
= $5,800 - $1,000
= $4,800
Therefore we assume credit balance for accounts for doubtful allowance.
Answer:
$60,000,000
Explanation:
Market value is simply defined as the price an asset would fetch in the marketplace, or the value that the investment community gives to a particular equity or business.
Formula for market value is given as
Company's Share × Current Market price per share.
Therefore, given that
Numbet of shares = 3,000,000
Price of share = $20
Then, MV = 3,000,000 × 20
= $60,000,000
The term organization culture refers to the values and norms that are shared among employees of an organization. Your culture is the values, norms and beliefs you were raised in and believe in. This is also true for a business, they have values and norms that everyone follows when representing the company they work for.
Answer:
b. Tom’s marginal income tax rate is 15 percent.
c. The income tax is progressive.
Explanation:
If higher incomes are subjected to higher tax rates, then the income tax is progressive. But if higher incomes are subjected to lower tax rates, then the income tax is regressive.
In this case, we can notice an increase in taxes associated with an increase in income, thus, the income tax is progressive.
Since Tom earns $35,000 per year, his income falls into the $20,001 to $35,000 tax range and his marginal income tax rate is 15 percent.
Alternatives b and c are correct.