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Marrrta [24]
3 years ago
8

Florida state saving bond can be converted to $1000 at maturity date of five year from purchase if the state bond are to be comp

etitive with the USA saving bonds which pay 1% interest compounded annually at what price will the state bonds sell
Business
1 answer:
melisa1 [442]3 years ago
3 0

Answer:

The price will the state bonds sell would be $951.46

Explanation:

In order to calculate the price will the state bonds sell we would have to make the following calculation:

price will the state bonds sell=price to be converted/(1+interest rate)∧n

According to given data we have the following:

price to be converted=can be converted to $1,000 at maturity date of five year from purchase

interest rate=1%

n=5

Therefore, price will the state bonds sell=$1,000/(1+1%)^5

price will the state bonds sell=$951.46

The price will the state bonds sell would be $951.46

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An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. when will the pol
ExtremeBDS [4]
If the insurer takes the policy as applied for the coverage will take effect when the conditions of the receipt are met and from the date of the application or medical exam. The two types of conditional receipts are insurability and approval. The insurability receipt provides interim coverage as the applicant is insurable while the approval receipt will not begin until the insurer will approve the claim. However, conditional receipts will provide the coverage if the applicant is insurable as applied for and coverage will not be delivered until the applicant accepts the coverage if the insurer concerns a counter-offer because the applicant is substandard risk. 
4 0
3 years ago
Smashed pumpkins co. Paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by
Maru [420]

Dividends that were paid last year = $200

Retained earnings = $522

Net Income = Retained earnings + Dividends paid = 200+522 =722

Tax rate was 38%.

Earnings before tax (EBT) = Net income/ (1-tax rate) =722/(1-0.38) = 1,164.52

Interest expense= 624

Earnings before interest and tax (EBIT) = EBT + interest expense = 1,164.52 + 624 = 1,788.52

Earnings before interest and tax (EBIT) = 1,788.52


3 0
3 years ago
Sawaya Co., Ltd, of Japan, is a manufacturing company whose total factory overhead costs fluctuate considerably from year to yea
coldgirl [10]

Answer:

Explanation:

1. Indirect Material variable cost Per Direct Labor HR 5000000/50000=100

Indirect Material (variable) 100*75000 =7500000

Rent Fixed 6000000

Hence total Maintenace Fixed =17625000-7500000-600000= 4125000

2.

                   Low            High      Change

Cost 3250000 4125000 875000 [4125000-3250000]

Activities 50000          75000   25000

variable Portion of Maitencance cost =875000/25000= 35.00

Fixed cost=4125000-75000*35=1500000

Variable cost=35

cost formula for maintenance= 1500000+35b

3.

Indirect Material (variable) 100*70000 = 7000000

Rent Fixed                      6000000

Maintenance cost = 1500000+35*70000=3950000

5 0
3 years ago
Output range with increment of 10 5.15.1: Output range with increment of 10 Write a program whose input is two integers, and who
kvasek [131]

Answer:

// Program is implemented using Coral Programming Language

int X

int Y

int Sum

Put "Enter any two numbers" to output

x = Get next input

Y = Get next input

if Y < X

Put "Second integer can't be less than the first" to output

else

for Sum = X; Sum <= Y; Sum = Sum + 10

Put Sum to output

Explanation:

The above program is written using Coral Programming Language

The first line is a comment

The next 3 lines declares 3 integer variables

Which are X, Y and Sum

X and Y represent the two input numbers as seen on line 6 and 7

X, being the first and Y being the second

Line 8 tests the larger of the two numbers

If Y is less than X, the output is "Second integer can't be less than the first" without the quotes

Else

The last two lines perform iterative operations that assigns the addition of 10 and X to Sum

It continues printing sum as long as sum is less than the value of Y.

8 0
3 years ago
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