Any degree of Buissnes administration, Finance, economics statistics any degree of that sort will point you in the direction
Management usually requires job experience
Because most recruiters come to schools a 4 year bachelors will most likely get you in the door of the finance field then to move up the ranking
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
Answer:
$22,251
Explanation:
Coupon rate = $2,000
Now, we calculate the seired sale price of the bonds:
19,000 = 2,000[P/A, 14%, 4] + S[P/F. 14%, 4]
19,000 = 2,000(2.9137) + S(0.592)
S = (19,000 - 5,827.4) / 0.592
S = 22251.01351351351
S = $22,251
So, he have to receive $22,251.
Answer:
Allocated MOH= $128,000
Explanation:
Giving the following information:
Predetermined overhead rate= 160% of direct material cost.
Actual direct material= $80,000
<u>To allocate overhead, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.6*80,000
Allocated MOH= $128,000