Answer:
Credit was invented by Mr A Smith (of bank note fame) to allow parents to top-up teenagers phones. This was viewed as particularly important since without it they would be unable to cheat on their homework.
Explanation:
Do I really need to explain such an egregious answer
To solve:
Dividend yield = Annual Dividend / Market Price
Dividend yield = $2.40 / $46.10
Dividend yield = 0.0521
Then we are going to multiply by 100 to get the total in a percent
Dividend yield percent = (0.0521)(100)
Dividend yield = 5.21%
Answer:
E
Explanation:
Dividends thereafter will be lower
Answer:
Discount yield is 8%
Bond equivalent yield is 8.19%
Explanation:
The discount yield on the commercial paper is calculated as:
(($500,000 - $495,000)/$500,000 ) x (360/45)
= ($5,000/$500,000 x (360/45)
= 0.01 x 8
= 0.08
= 8%
And bond equivalent yield is calculated as:
(($500,000 - $495,000)/$495,000) x (365/45)
= ($5,000/$495,000) x 8.11
= 0.0101 x 8.11
= 0.0819
= 8.19%
On July 15, there is pending 6000 on the cash account.
Then on July 20, Cajon Co. returns the merchandise of 1000, so the pending cash decreases and now it is only 5000.
Afterwards, on July 24, Cajon paid for the merchandise. Since the credit terms is 2/10, 2 percent discount will be given if they paid within 10 days. So 5000 multiplied by . 02 = 100. 5000 - 100 = $4900 is the amount of cash received.
