Answer:
The answer is 5.73%
Explanation:
Given Coupon rate=5.5%; Years of maturity= 12years, Face value bonds= $1,000, Price=98.2
NPER= Years of maturity *2= 12*2=24
PMT= (Face value * coupon rate)/2= (1000*5.5)/2= 5500/2= 2.75
Therefore:
Rate = (NPER, PMT, -Price, Face value)= (24, 2.75, -98.2, 1000)= 2.87%
Yield to maturity= Rate *2= 2.87*2= 5.73%
Answer:
Explanation:
Giving gifts and promotions to hardworking employees
Answer:
$2,700
Explanation:
Calculation for the expected value of the outcomes
Using this formula
Expected value=respective outcome*Respective probability
Let plug in the formula
Expected value=(0.25*1100)+(0.55*2300)+(0.20*5800)
Expected value=$275+$1,265+$1,160
Expected value=$2,700
Therefore the expected value of the outcomes will be $2,700
Answer:
558
Explanation:
Since his monthly salary is $9,000
6.2% is the percentage of his salary that he will pay as social security tax while the Employer pays the other 6.2% making 12.4% in total
The amount to be taken out of his salary for social security for the month of December will be
6.2% * 9000= $558
Answer:
In the income statement, there is no loss or gain and assets worth $3,000 is recorded in the balance sheet.
Explanation:
Exchange of non- monetary assets which is not expected to change the cash flows of the entity significantly lacks the commercial substance.
The accounting for exchange is grounded on the carrying amount of the assets given up, unless the boot is received so there is no gain recognized.
The asset named computer is recognized at the amount of carrying value of the copy machine amounts to $3,000.
Working Note:
Asset value = Cost of machine - Accumulated Depreciation
= $5,000 - $2,000
= $3,000
