Answer:
Yield to maturity =9.9%
Explanation:
The yield to maturity is the return on debt expressed in percentage. It can be used to worked as follows using the formula below
YTM =( C + F-P/n) ÷ ( 1/2× (F+P))
C- annual coupon,
F- face value ,
P- current price,
n- number of years to maturity
YM - Yield to maturity
C- 9%× 1000 =90 , P- 92×1000= 920, F- 1000
AYM = 90 + (1000-920)/15 ÷ 1/2× (1000+920)
= 95.33
÷ 960
Yield to maturity =9.9%
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Answer:
300 comic books
Explanation:
<em>Purchasing power of money at any point in time is the quantity of goods and services that can be acquired using the stock of money at the prevailing price level.</em>
As at the time the $3000 money was deposited, the price per book stood at $10.
Purchasing power of $3000
= $3000/$10
= 300 comic books
Answer:
1. C
2. A
3. B
4. D
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
The various types of cost variance components and their definition includes the following;
1. Actual price: the amount paid to acquire input.
2. Actual quantity: the input used to manufacture the quantity of output.
3. Standard quantity: the expected input for the quantity of output.
4. Standard price: the expected price.
Answer:
63,100
Explanation:
Shovels Construction Company have the following financial information
Accounts payable $ 14,200
Buildings 87,000
Cash 12,300
Accounts receivable 9,800
Sales tax payable 3,400
Retained earnings 45,500
Supplies 41,000
Notes payable (due in 18 months) 33,000
Interest payable 2,900
Common stock 51,100
Therefore the amount of current assets can be calculated as follows
= cash + account receivables + Supplies
= 12,300 + 9,800 + 41,000
= 63,100
Hence the amount of current assets is 63,100