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OLga [1]
4 years ago
5

If the market rate of interest is 7%, the price of 6% bonds paying interest semiannually with a face value of $500,000 will be _

___.
a.less than $500,000
b.equal to $500,000
c.greater than or less than $500,000, depending on the maturity date of the bonds
d.greater than $500,000

Business
1 answer:
rusak2 [61]4 years ago
7 0

Answer:

a.less than $500,000

Explanation:

For computing the amount we need to applied the present value which is to be shown in the attachment below:

Data provided in the question

Future value = $500,000

Rate of interest = 7%  ÷ 2 = 3.5%

NPER = 2

PMT = $500,000 × 6% ÷ 2  = $15,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

After applying the formula, the present value amount is $495,250.76

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Please describe how local agriculture and consumption of locally produced item helps develop sustainability in the local communi
Helga [31]

Answer:

Sustainability refers to activities that can continue without depleting nonrenewable resources. By locally producing food, shipping costs are reduced. Shipping costs involve the use of fuel (gasoline and diesel), materials (boxes and plastic bags), equipment (machinery and trucks), etc. Many of these costs require the use of nonrenewable resources, e.g. oil by-products and metals, so reducing their use helps the environment.

Economically speaking, local food production helps to lower food costs, local farmers are benefited and more money stays in the local economy. Globalization shrunk the world, so producing food locally may apply to a region surrounding a city or a whole country, and the large the net exports (exports - imports) of a region or country, the better.

6 0
3 years ago
913,256Write the digit in the ten thousands place
Elodia [21]

Answer:1

Explanation:

9= is the hundred thousands digit

1= is the ten thousand digit

3=is the thousands digit

2= is the hundreds digit

5= is the tens digit

6= is the ones digit

6 0
4 years ago
Marr Co. sells its products in reusable containers. The customer is charged a deposit for each container delivered and receives
faust18 [17]

Answer:

C. $674,000

Explanation:

The answer is calculated as :

Deposits for containers delivered in 20X5 + Deposits for containers returned in 20X5 - Deposits for containers returned in 20X5 from deliveries in 20X5 - Sales credited = The liability for deposits on returnable containers.

$580,000 + $780,000 - $626,000 -$60,000 = $674,000

Customers from 20X3 still hold some containers $150,000 - $90,000 = $60,000 which is the sales credited as the two year refund warranty is expired.

5 0
4 years ago
During 2020, Starnes Corporation developed a patent. Starnes incurred the following costs related to the development of the pate
Vitek1552 [10]

Answer:

a. Patent development and registration costs incurred in 2020.

Dr Patent 11,200 (only patent registration fees)

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    Cr Accumulated depreciation 6,400

    Cr Cash 54,400

b. Legal fees paid in 2021.

Dr Patent 4,800

    Cr Cash 4,800

c. Amortization expense in 2021.

Dr Amortization expense 607.50

    Cr Patent 607.50

($11,200/20 x 9/12) + ($15,000/20 x 3/12) = $607.50

d. Amortization expense in 2022

Dr Amortization expense 750

    Cr Patent 750

7 0
3 years ago
Which of the following statements is true about how our U.S. demographics are changing?
VashaNatasha [74]
I think it’s gonna be C
4 0
3 years ago
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