Answer:
The current value of the bond is $796.04
Explanation:
The current value of a bond is the present value of all the cash inflows expected from the bond in the form of an annuity of interest payments and the term end face value payment discounted by the required rate of return or market interest rates. Thus, the current price of this bond will be,
Interest payment from the bond per year = 1000 * 0.07 = $70
The present value of ordinary annuity formula is attached in the answer.
Price = 70 * [ (1 - (1+0.14)^-4) / 0.14 ] + 1000 / (1.14)^4
Price of the bond = $796.04
Based on the Trompenaar's value dimensions the culture that separate the work and the private lives of the manager is the specific oriented value
Explanation:
There are seven basic values based on which each of them are defined and the dimension that allow the people to keep their private lives and their work life different is called as specific oriented culture
The other dimensions also includes the difference between the national cultures and they developed the model in each cultures and they can help the people to understand the basic differences
Answer:
The advisory fees will be "$500, 6 months or more in advance of rendering services".
Explanation:
- Whenever a nation-registered investment manager recognizes $500 (and sometimes more) of advanced consulting fees, 6 months more than before anticipation of providing services, then perhaps the consultant is deemed to have obtained ownership of customer funds being defined by NASAA.
- (In comparison, it should also be noted that perhaps the Advisers (investment) Act of year 1940 established the cap at $1,200 among Federal Covered consultants, although that wasn't the law for govt-registered consultants).
Answer:
Yes, Tammy should ask for an email confirming the telephone conversation if she accepts the job immediately.
Explanation:
A job offer is more authentic when there is a reference material to show the provisions such as an employment letter, offer letter or contract of employment.
Apparently, the job in question is not an internship, it will continue even after she graduates which make it even more appropriate to provide formal documentation.
An email will validate the date of the job offer, contain the information of the sender ( HR supervision) and the information of the hiring company. It will also spell out specific details that will guide against misunderstanding and ambiguity.
Another reason why she should ask for an email is to have it handy to present when the need arises even if the HR supervisor that called her to give the job offer is no longer available.
Answer:
$17,667
Explanation:
Premium on bonds
= $454,000 - $450,000
= $4,000
Cash interest paid
= $450,000 × 8% × 6/12
= $18,000
Amortization of premium for each period
= $4,000 ÷ 12
= $333
Therefore,
Interest expense
= $18,000 - $333
= $17,667