INVESTING IS THE CORRECT ANSWER ]
Answer:
Bond Price= $1,774.05
Explanation:
Giving the following information:
Coupon rate= 0.0573/2= 0.02865
YTM= 0.067/2= 0.0335
The bond matures in 23 years.
Par value= $2,000
<u>To calculate the bond price, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 57.3*{[(1 - (1.0335^-46)] / 0.0335} + [2,000/1.0335^46]
Bond Price= 1,334.76 + 439.29
Bond Price= $1,774.05
<span>$1500 was invested at 11%
$2500 was invested at 8%
Assuming simple interest for each investment, we have the following expressions
0.11x = interest on 11% investment. (x = amount invested at 11%)
0.08(4000-x) = interest on 8% investment
Adding the 2 expressions together and setting the sum to 365 gives
0.11x + 0.08(4000-x) = 365
Now solve for x by first distributing the 0.08
0.11x + 320 - 0.08x = 365
Subtract 320 from both sides and combine x's
0.03x = 45
Divide both sides by 0.03
x = 1500
So $1500 was invested at 11% and (4000-1500) = 2500 was invested at 8%</span>
Answer:
The Utopians make chamber-pots out of gold and The Utopians use gold to chain enslaved people.
Complete question :
Your company has sales of $101,500 this year and cost of goods sold of $66,300. You forecast sales to increase to $118,900 next year. Using the percent of sales method, forecast next year's cost of goods sold. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The forecasted cost of goods sold (COGS) is $ ___________ (Round to the nearest dollar.)
Answer:
$77,666
Explanation:
Given the following :
Sales for the year = $101,500
Cost of goods sold =$66,300
Forecasted increase in sales for next year = $118,900
Forecasted cost of goods sold for next year =?
Percentage cost of goods sold for this year:
Cost of goods sold / sales for this year
$66300/$101500
= 0.6532019
Forecasted cost of goods sold for next year:
(Forecasted increase in next year's sale * % cost of goods sold for this year)
= 118,900 * 0.6532019
= $77665.714
= $77666 ( nearest dollar)
