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3 years ago

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Lycan, Inc., has 8.8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments and h

ave a par value of $1,000. If the YTM on these bonds is 10.8 percent, what is the current bond price

1 answer:

guapka [62]3 years ago

8 0

<span>The bonds make annual payments and have a par value of $1,000.</span>

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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,146

gayaneshka [121]

Answer:

Net income for the period $

Fees earned 6,510

Wages (2,887)

Rent expenses (816)

Utility expenses (310)

Depreciation expenses (201)

Miscellaneous expenses (64)

Dividend paid (<u>705)</u>

Net income <u> 1,527</u>

Explanation:

Net income is the excess of fees earned over costs and dividends paid. Thus, we will deduct all the costs and dividend paid from fees earned so as to obtain net income.

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3 years ago

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D

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Answer:

$1.88; $2.00

Explanation:

Equivalent Units Produced for direct material:

= Opening Work In Progress + Introduced + Closing units

= units × Degree of completion

= (59,000 × 0%) + (159,000 × 100%) + (84,000 × 100%)

= 0 + 159,000 + 84,000

= 243,000

Equivalent Units Produced for conversion costs:

= Opening Work In Progress + Introduced + Closing units

= Units × Degree of completion

= (59,000 × 65%) + (159,000 × 100%) + (84,000 × 20%)

= 38,350 + 159,000 + 16,800

= 214,150

Cost Per Equivalent Units for direct material:

= Total Cost Incurred ÷ Equivalent Units Produced

= $456,840 ÷ 243,000

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Cost Per Equivalent Units for conversion cost:

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3 years ago

What is the effect of a buyer’s failure to comply with the statute of limitations recognized by the Uniform Commercial Code for

lubasha [3.4K]

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The buyer has agreed to waive his warranty rights by agreeing the clause of waiving the warranty rights under the contract.

Explanation:

If the buyer and the seller agrees on the term that the risks and the rewards coming onwards would belong solely to the buyer and there will be no warranty claims acceptable related to this product. This is the limitation of the application of the Unifrom Commercial Code.

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3 years ago

Structural unemployment is sometimes said to result from a mismatch between the job skills that employers want and the job skill

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Answer:

False

Explanation:

Due to the fact that the same amount of training is needed in each of the industries, wages would be the same. If wages were higher in the air craft industry, their would be an excess supply of labour in the airline industry. This would pull the wages in the airline industry down until the same wages are earned in both industries

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3 years ago

XYZ Company had 200,000 shares of common stock outstanding on December 31, 2020. On July 1, 2021, XYZ issued an additional 44,00

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The XYZ Company's basic earnings per share are $0.71, while the diluted earnings per share are $0.72.

Data and Calculations:

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July 1, 2021, Issuance of 44,000 shares

Total outstanding common stock

January 1, 2021, Issuance of 16,000 convertible preferred stock

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= $0.71

Convertible Preferred into Common stock = 128,000 (16,000 x 8) shares

Total shares = 372,000 (244,000 + 128,000)

Diluted earnings per share = $270,000/372,000

= $0.73

Learn more: brainly.com/question/22374514

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2 years ago