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.
Why should i ever care just kidding
Answer:
"Ordering" is the correct solution.
Explanation:
- Ordering expenses are incurred in purchasing a new shipment of manufactured goods. This would include expenditures for the attempting to place of a purchase agreement, cost savings for the evaluation including its batches expected to receive, ends up costing for documentary evidence, etc.
- The cost of ordering correlated negatively with either the cost of transport. This appears to mean because the much more purchases a business location including its providers, the significantly higher the ordering costs will indeed be.
Answer:
CC100 has $31.25 per hour
CC11O has $250 per hour
CC120 has $62.5 per hour
CC190 has $62.5 per hour
Explanation:
The IDC rate for each department would be the department IDC allocated divided by operating hours as shown below:
CC100
IDC rate=$25,000/800=$31.25 per hour
CC110
IDC rate=$50,000/200=$250 per hour
CC120
IDC rate=$75,000/1200=$62.5 per hour
CC190
IDC rate=$100,000/1600=$62.5 per hour
Judging from the IDC rates of the departments,department CCC110 seems to have the highest IDC rate per hour,which implies that each hour is charged with $250 against the CC100 where each operating hours is just $31.25.
The higher the IDC rate in a department the higher the cost of the output of that department since the cost has to be recovered from output.
Answer:
704076 $
Explanation:
Exact statement of the question is:
<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>
Solution:
Fro 3rd May to October 1st. 2017 there are 151 days
But 365 days = 1 year
==> 151 days = 151× 1/365 =0.414 years
But we use 1 year as one term
==> 1year = 1T
==> T = 0.414
R= 6.86
P= 685000
A=?
We use formula for the term:
A= P
Where A= ammount at the end of term
P= Loan amount
R= Rate of interest
T= No. of terms
Putting values in this formula;
==> A= 685000×
==> A= 685000 × 1.02784938489=704076 $
