Answer:
YTM = 0.6940%
Explanation:
THe Yield to Maturity (YTM) is the return that you expect from the bond if you held the bond till maturity.
The formula would go as:
YTM = 
Where
F is the face value, or par value
P is the current price
n is the time period, maturity period
Given,
F = 1000
P = 920
n = 12, we have:
YTM = 
Thus, the yield to maturity would be:
YTM = 0.6940%
Answer:
$412,500
Explanation:
March
Cash receipts from sales on account for April = $400,000 * 75%
Cash receipts = $300,000
April
Cash receipts from sales on account for April = $450,000 * 25%
Cash receipts = $112,500
Total Cash receipts = Cash receipts from sales on account from March + Cash receipts from sales on account from April
Total Cash receipts = $300,000 + $112,500
Total Cash receipts = $412,500
Answer:
B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years.
C. A loan where you have to promise to give the bank your assets if you do not repay the loan.
Explanation:
A Consumer installment loan is also known as a closed end credit. It is a form of loan whereby the consumers are expected to pay back in a regular manner usually monthly over a period of time which could span between one to about forty years.
The loan is given based on how credit worthy the consumer is. Failure to pay back the loan after the stipulated time frame would result to the seizure of the consumer's property or assets by the lending institution. The lending institution could be a bank. A mortgage loan, and a car loan are examples of consumer installment loans.
D notify the creditor and see if it can be changed and /or modified
Answer:
The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. FALSE, the real effect of taxes is measured by the price elasticity of the demand and the supply.
When demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers. FALSE, when the price elasticity of demand is inelastic and the price elasticity of supply is elastic, the burden of tax falls mainly on the consumers.
When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. FALSE, when the price elasticity of demand is elastic and the price elasticity of supply is inelastic, the burden of tax falls mainly on the suppliers.
An excise tax can distort incentives and create missed opportunities for mutually beneficial transactions. TRUE