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3 years ago

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On July 1, 2012, you purchase a $10,000 par T-note that matures in five years. The coupon rate is 8 percent and the price quoted

is 98.1875. The last coupon payment was May 1, 2012, and the next payment is November 1, 2012 (184 days total). The accrued interest is ______.

1 answer:

Hunter-Best [27]3 years ago

6 0

Answer:

$132.61

Explanation:

132.61 ((8%/2) x 10,000) x (61 days since last coupon/184) = $132.61

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ABC Corporation has declared a rights offering to stockholders of record on Friday, December 10th. Under the offer, shareholders

VashaNatasha [74]

Answer:

The value of a right is $1

Explanation:

10 rights are needed to buy 1 share at the price of $19

Value of total rights = $29 - $19 =$10

Value of a right = $\frac{10}{10}$ = $1

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3 years ago

Pat can either drive to work, which takes half an hour and uses $1.50 worth of gas, or take the bus, which takes an hour and cos

Harrizon [31]

Answer:

pat should drive if saving half an hour is worth $0.50 or more

Explanation:

Marginal cost is the additional cost generated by producing an additional unit of output.

Marginal cost of taking the bus = 1 / 2 = 0.50

Marginal utility is the additional utility derived from consuming one more unit of a good

Marginal utility per good = marginal utility / price of the good

Pat should take the action that would yield him the highest utility given the marginal cost

So,pat should drive if saving half an hour is worth $0.50 or more

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3 years ago

true or false: The decrease in the proportion of income spent on the basic necessities of life has encouraged the demand for mor

KIM [24]

Answer: True

Explanation: This quiz question explains the relationship between income and demand.

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3 years ago

On December 31, prior to adjustment, Allowance for Uncollectible Accounts has a credit balance of $400. An age analysis of the a

slega [8]

Answer:

Bad debts expense Debit $ 600

Allowance for Uncollectible expenses Credit $ 600

Explanation:

The allowance for uncollectible accounts is estimated usually on the basis of a percentage of credit sales. The data in the question indicates that the estimated losses from uncollectible accounts is $ 1,000.

The unadjusted balance is $ 400, so the adjusting entry is for the balancing amount, i.e. $ 600. It is debited to bad debts and credited to allowance for uncollectible accounts.

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3 years ago

Say's Law argues that a given ____________________ must create an equivalent ________________________ somewhere else in the econ

serg [7]

Based on the economic theory of demand and supply, Say's Law argues that a given "<u>value of supply"</u> must create an equivalent "<u>value of demand</u>" somewhere else in the economy.

This is based on the idea that supply would deduce the size of the macro-economy, which in turn makes sense in the long run.

Jean Baptiste Say is a French economist famous for being an adherent supporter of business competition, free trade, and removing restraints on business activities.

His Say's law was famous as it tried to define the market condition. Say's law is sometimes referred to as the <u>Law of</u> <u>Market</u>.

Hence, in this case, it is concluded that the correct answer is option D. "<u>value of supply; the value of demand."</u>

Learn more here: brainly.com/question/16920124

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3 years ago