Answer:
$414,282.91
Explanation:
The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :
FV = $440,000
PMT = ($440,000 x 9%) ÷ 2 = $19,800
P/yr = 2
N = 9 x 2 = 18
I/yr = 10%
PV = ?
Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91
Answer:
A) the Fair Labor Standards Act.
Explanation:
The fair labor standard act is a federal legislation set up to protect employees from certain sharp practices by employers which pertains to pay packages, minimum wage, record keeping in private or governmental organizations.
This also includes employment standards followed by employers when recruiting workers.
Answer:
The true β of the stock is 0%
Explanation:
6% = a + 12% (1 − 0.5); a = 0%.
Answer:
$5,490
Explanation:
Computation for the equivalent units for conversion costs
To complete beginning work in process inventory 360
[400*(1-10%)]
Units started and completed 4,500 (4,900-400)
Ending work in process inventory 630 (900*70%)
Equivalent units for Conversion costs $5,490 units
Therefore the equivalent units for conversion costs is $5,490
Answer:
d. $1,400.
Explanation:
The computation of the gain on sale of debt investment is shown below:
Gain on sale of debt investment = Sale price - purchase price
where,
Sale price = $32,000 - $300 = $31,700
And, the purchase price is
= (60,000 + $600) × 30 days ÷ 360 days
= $30,300
Now the gain on sale of debt investment is
= $31,700 - $30,300
= $1,400
