When a 2/10 end of month discount is used on an invoice dated may 29, a discount is allowed if the invoice is paid by_______

It has been a great year at Capital Funding, Inc., an SEC-registered broker-dealer that is also registered in 22 states. The com

sergey [27]

Answer:

Option D would be the appropriate alternative.

Explanation:

A broker dealer would be a company or organization engaged throughout the purchase as well as the sale of securities within its multiple occasions or even on behalf of the participants.
Brokerage serves as an intermediary whenever it implements order information on behalf of the shareholders while acting mostly as a dealer or superintendent whenever it exchanges on one's consideration.

Other choices available aren't connected to that same scenario in the statement. So the answer here is just the perfect one.

3 0

2 years ago

George Jefferson established a trust fund that provides $170,500 in scholarships each year for worthy students. The trust fund e

Aleonysh [2.5K]

The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

As the money distributed is only the product of interest, then that money is the result of multiplying the capital by the interest rate, to obtain how much money Mr. Jefferson contributed, the reverse process will have to be done.

Answers

let <em>C</em> be the capital, then :

$C\times4 \% = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500$

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

3 0

3 years ago

Read 2 more answers

Which one of the following statements is correct? Question 19 options: A longer payback period is preferred over a shorter payba

stich3 [128]

Answer:

The payback period ignores the time value of money.

Explanation:

This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.

The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.

8 0

3 years ago

Smiley Industrial Goods has $1,000 face value bonds on the market with semiannual interest payments, 13.5 years to maturity, and

Snezhnost [94]

Answer:

Annual Coupon rate = 66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

Option B is the correct answer

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = C

Total periods (n) = 13.5 * 2 = 27

r or YTM = 0.064 * 6/12 = 0.032 or 3.2%

The formula to calculate the price of the bonds today is attached.

We will first calculate the value of semi coupon payment made by the bond.

1023 = C * [( 1 - (1+0.032)^-27) / 0.032] + 1000 / (1+0.032)^27

1023 = C * 17.8994796 + 427.2166529

1023 - 427.2166529 = C * 17.8994796

595.7833471 / 17.8994796 = C

C = 33.28495355 rounded off to 33.28

The annual coupon payment will be = 33.28495355 * 2 = 66.56990711 rounded off to 66.57

Annual Coupon rate = 66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

4 0

2 years ago

Which of the following phrases might be useful in writing the purpose statement for your formal report? Check all that apply. Th

Elina [12.6K]

Answer:

Hi

The report is a text written in prose with the objective of informing a specific reader or readers about the specific events or activities. The purpose of the report is to inform. However, the reports may include persuasive elements, such as recommendations, suggestions or other conclusions that indicate possible future actions that the reader of the report could take. It must have the following characteristics:

-It must be an expository text.

-It must be an explanatory text.

-Its purpose is to give information on research results.

-You should focus on a specific topic.

-You must use an objective language.

-You must write in the third person.

-Its predominant structure is the enunciative.

-In this type of texts there is also an argumentative structure.

-In these reports the descriptive structure appears because facts are described.

Explanation:

6 0

3 years ago

When a 2/10 end of month discount is used on an invoice dated may 29, a discount is allowed if the invoice is paid by________