Answer:
The correct answer is : 35.49
Explanation:
Calculation of the current bond price:
N = 28, I = 3.6, PMT = 32.50
FV = 1,000; CPT PV = -938.89
Calculation of the price in one year:
N = 26, I = 3.4, PMT = 32.50,
FV = 1,000; CPT PV = 974.38
So, the dollar change in price is:
$974.38 - $938.89 = $35.49
Answer: Interest earned by the account.
Explanation: When a bank debits an account money is been removed from the account. This can either be as a result of: the account owner withdrawing from the account, a cheque paid to another person, bank service charges.
While when a bank credits an account money is added to the account. It can occur as a result of : money paid into an account, bank interest paid on accounts.
Therefore interest earned on an account is credited to the account holder.
Answer:
$96,154.20
Explanation:
We are to find the future value of the annuity
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
A = Amount
R = interest rate
N = number of years
[(1.08)^9 - 1 ] / 0.08 = 12.487558
12.487558 x $7,700 = $96,154.20
Workhorse Air Crane Corporation employs aircraft mechanics, computer programmers, outside salespersons, and professionals, including pilots. Employees exempt from the Fair Labor Standards Act's overtime provisions include all of the following except (A) aircraft mechanics
Explanation:
Section 13(a)(1) of the <u>Fair Labor Standards Act's-FLSA</u> provides an exemption from both minimum wage and overtime pay for employees who are employed as<u> bonafide executive, administrative, professional and outside sales employees. </u>
Section 13(a)(1) and Section 13(a)(17) of <u>Fair Labor Standards Act's </u>also exempt certain computer employees.
To qualify for exemption under the <u>Fair Labor Standards Act</u> , employees generally must meet certain tests regarding their job duties and be paid on a salary basis at not less than $684* per week.
