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Naddika [18.5K]
3 years ago
10

Vulcan, Inc., has 8.2 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments and

have a par value of $1,000. If the YTM on these bonds is 10.2 percent, what is the current bond price
Business
1 answer:
san4es73 [151]3 years ago
7 0

Answer:

The current bond price (PV) is $878.16.

Explanation:

The current bond price (PV) can be calculated by compiling the following data :

FV = -$1,000

n = 10

Pmt = $1,000 × 8.20% = -$82

P/yr = 1

YTM = 10.20%

Pv = ?

Using a Financial Calculator, the current bond price (PV) is $878.1575 or $878.16.

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Answer:

Debit Raw Materials Inventory  with $72,000; Credit Direct materials Cost Variance  with 28,200, and Credit Accounts Payable  with $43,800.

Explanation:

Direct materials purchase on account =  $43,800

Standard cost of direct materials = 12,000 * $6 = $72,000

Direct materials cost variance = $72,000 - $43,800 = $28,200

The journal entries will therefore be as follows:

<u>Details                                                Dr ($)                 Cr ($)        </u>

Raw Materials Inventory                   72,000

Direct materials Cost Variance                                   28,200

Accounts Payable                                                        43,800

<em><u>To record direct materials cost and variance.                                </u></em>

7 0
4 years ago
A paint company strategized three different types of marketing messages to revive customer interest in an older paint product. T
guajiro [1.7K]

Answer:

the marketing message should focus primarily on the medium of TV advertisements

Explanation:

Based on the information provided it can be said that from this marketing research the marketing could draw the insight that the marketing message should focus primarily on the medium of TV advertisements. This is mainly due to the fact that it was the only disliked campaign so the marketing team should focus on making this medium better and increase the like rate of this medium's message.

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4 years ago
Define one key area of your daily life that would benefit if you learned to communicate better. Explain in detail how that key a
Evgesh-ka [11]

Answer:

if I learned to communicate better I would have more patience

Explanation:

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3 years ago
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3 years ago
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
faust18 [17]

Answer and Explanation:

The preparation is presented below:

1. For Direct labor budget

<u> Particulars           1st quarter  2nd quarter   3rd quarter  4th quarter Year </u>

Production Units   10400        9400                11400            12400       43600

direct labor time

per unit (hr)             0.25         0.25                   0.25               0.25         0.25

Total direct labor

hour needed           2600      2350                   2850               3100     10900

direct labor cost

per hour                   12              12                         12                    12          12

Total direct

labor cost              31200         28200               34200           37200 130800

2. For Manufacturing overhead budget

<u>Particulars           1st quarter       2nd quarter   3rd quarter   4th quarter Year</u>

Variable

manufacturing overhead 4420    3995              4845            5270         18530

Fixed manufacturing

overhead               84000            84000            84000        84000      336000

Total manufacturing

overhead            88420               87995              88845          89270 354530

Less: depreciation  -24000        -24000             -24000        -24000 -96000

cash disbursement

for manufacturing overhead 64420  63995  64845    65270    258530

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3 years ago
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