If you are planning to place an ad in a local newspaper with a size of 5 inches long by 4 columns wide and the newspaper's rate per column inch is $18, the ad will cost $360.
Solution: <span>5 inches x 4 columns = 20
20 column inch x $18 = $360</span>
Answer:
4.9%
Explanation:
The computation of the annual average rate of return over the three years is shown below:
Given that
Positive return in 1st year is 12.5%
The Negative return in 2nd year is 3.3%
And, the positive return in 3rd year is 5.5%
So, the annual average rate of return is
= (12.5% - 3.3% + 5.5%) ÷ (3 years)
= 4.9%
Answer:
$16,695.11
Explanation:
the price of the bond is equal to the present value of its cash flows:
value of cash flows in year 6 = $1,100 x 12.75523 (PV annuity factor, 16 periods, 2.8%) = $14,030.75
value of cash flows in year 14 = $1,400 x 10.07390 (PV annuity factor, 12 periods, 2.8%) = $14,103.46
present value in year 0 = [$14,030.75 / 1.056⁶] + [$14,103.46 / 1.056¹⁴] = $10,118.06 + $6,577.05 = $16,695.11
Answer:
The answer is C: dishonored
Explanation:
When the maker of a promissory notes fails to pay on the due date, the promissory note is called dishonored. With a promissory note, a buyer makes a short-term commitment to pay a supplier for merchandise within a stated period of time and at a certain interest rate. The maker of the note is the party promising to make payment, the payee is the party to whom payment will be made, the principal is the stated amount of the note, and the maturity date is the day the note will be due.
It is called dishonored because the maker made a promess to pay a determined amount in a period of time. By failing at honoring it's word, the note its called dishonored.
