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Maslowich
3 years ago
11

Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and se

lling for $948. At this price, the bonds yield 5.1 percent.What must the coupon rate be on the bonds?(please show how to do with a financial calculator)
Business
1 answer:
Elena-2011 [213]3 years ago
4 0

please find the attached for an explanation

Download docx
You might be interested in
Jerry Rice and Grain Stores has $4,430,000 in yearly sales. The firm earns 2 percent on each dollar of sales and turns over its
olganol [36]

Answer:

a. 5.37%

b. 5.08%

Explanation:

Firstly, we need to calculate net profit before return on stockholder's equity

Sales. $4,430,000

Net income % on sales 2%

Net income. $88,600

We will also calculate total stockholder's equity

Sales. $4,430,000

Asset turnover ratio. 4.5

Total assets. $984,444

Less: current liab. ($167,000)

Less: long term liab. ($342,000)

Total stockholder's. $475,444

equity

a. Return on stockholder's equity

= Total stockholder's equity ÷ Net income

= $475,444 ÷ $88,600

= 5.37%

b. New return on stockholder's equity

Total assets $984,444

× Asset turnover ratio. 4.75

New total sales. $4,676,109

Net income % sales. 2%

Net income $93,522

Recall that total stockholder's equity = $475,444

Net income = $93,522

Therefore, New return on stockholder's

equity = Total stockholder's equity / Net income

= $475,444 ÷ $93,522

= 5.08%

3 0
3 years ago
The net income for Sheridan Company for 2020 was $350,000. For 2020, depreciation on plant assets was $69,700, and the company i
enyata [817]

Answer:

350,000 net income

+69,700 depreciation

+13,300 loss on disposal

433,000 adjusted income

no change in working capital

cash generated from operating activities 433,000

Explanation:

We need to remove from the net incoem the non-monetary terms

The depreication is an accounting concept, it doesn't involve cash disbursements, so it is added.

Also the los son disposal doesn't involve using cash so is also removed.

Rule:

to remove a non-monetary expense we should add it.

to remove a non-monetary gain we should decrease it.

5 0
3 years ago
All of the following are benefits of going to college EXCEPT…
sammy [17]
All of these are benifits besides getting your dream job. College will help you further your education but it’s not guaranteeing that you’ll get your dream job.
8 0
3 years ago
Read 2 more answers
A particular stock has a dividend yield of 1.5 percent. Last year, the stock price fell from $82 to $68. What was the return for
alexandr1967 [171]

Answer:

The return for the year is -15.57%.

Explanation:

We have the formula to calculate Return for the year as:

* Return for the year = Dividend yield + Capital Gain/(Loss).

in which:

* Dividend yield is given at 1.5%;

* Capital Gain/(Loss) = Price at year end/ Price at the beginning of the year - 1 = 68/82 -1 = - 17.07%;

So we have:

* Return for the year = Dividend yield + Capital (Loss) = 1.5% - 17.07% = -15.57%.

Thus, the answer is -15.57%.

7 0
3 years ago
What is globalization in business.
aivan3 [116]

Answer:

the increase in the flow of goods, services, capital, people, and ideas across international boundaries.

6 0
2 years ago
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