Answer:
The accrued interest at December 31, 2022 amounts to $3,540
Explanation:
Accrued Interest = Amount borrowed × rate × Number of months/ 12
where
amount borrowed is $88,500
rate is 12%
= $88,500 × 12% × 4/12
= $3,540
The accrued interest for one year note is $3,540
Note: Number of months from September to December will be 4 months that is September, October, November and December.
Answer:
The dollar will appreciate. Because expected U.S. inflation falls as a result of the announcement, there will be an expected appreciation of the dollar and so the expected return on dollar assets will rise. As a result, the demand curve will shift to the right and the equilibrium value of the dollar will rise.
Answer:B.dividing the cost budgeted for each activity pool by the estimated activity base for that pool.
Explanation: Product costing is a term used in Manufacturing to describe the process through which the total cost of Manufacturing a product is determined.
Activity based costing is a costing method that gives manufacturers the opportunity to cost the product by determining the cost of each activity involved in the Manufacturing process of that product.
ACTIVITY RATE IS EQUAL TO THE RATIO OF BUDGETED ACTIVITY COST OF THE COST POOL AND THE ESTIMATED OR BUDGETED ACTIVITY BASE OF THE COST POOL.
Answer:
$976.90 will be the new price if interest rates increase to 8.5 percent.
Explanation:
YTM = 8%
Change in interest rate = (8.5% - 8%) = 0.5% <em>(Increase of 0.5%
)</em>
%Change In Price of Bond = -Duration/(1+YTM) X Change in Rate
= -4.99/(1+0.08) X 0.5%
= -2.310%
There will be a decrease of 2.310% in Bond Price
New Bond Price = 1000 - (1000 X 2.310%)
= 1000 - 23.10
= $976.90
