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horrorfan [7]
3 years ago
7

Annapolis Company purchased a $1,000, 6%, 5-year bond at 97 and held it to maturity. The straight line method of amortization is

used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar)
Business
1 answer:
Roman55 [17]3 years ago
5 0

Answer: $330

Explanation:

The Net cash received is the Total Money received minus the Total money paid.

The total money paid is calculated as such,

= $1,000 x 97%( this a DISCOUNT bond meaning that it was sold for less than Par. This number signifies how much in percentage of Par it was purchased for)

= $970

$970 is the Total Amount paid.

The Total Amount Received would be,

= Principle on Maturity + Interest for 5 years

= 1,000 + 1,000(0.06) * 5 years

= $1,300

Net Cash Received is therefore,

= Total Amount Received - Total Amount Paid

= 1,300 - 970

= $330

$330 is the net cash received over the life of the bond investment.

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Answer:

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Explanation:

he would be better suited for the position going off his degree

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Answer:

Secured loan is as below

Explanation:

A secured loan is money that you borrow by offering an asset as collateral. The lender will hold on the asset until the full loan amount is paid back. A secured loan is a good option when borrowing a large amount of money.  It attracts low-interest rates.

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6 0
3 years ago
You manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. The rate on Treasury bills is 6.
Nady [450]

Answer and Explanation:

The computation of the expected return and the standard deviation is given below:

the expected return is

= $90,000 × 13% + $60,000 × 6.6%

= $15,660.00

And,

standard deviation of return is

= $90,000 × 13% × 44% + $60,000 × 6.6%

= $5,148 + $3,960

= $9,108.00

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8 0
3 years ago
Journalize each correcting entry discovered during August of the current year: Use page 15 of the journal. Transactions: Aug. 1
Shtirlitz [24]

Answer:

Journalizing correcting entries:

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Aug. 5:

Debit Sales Revenue $1,200

Credit Vivian Lynum, Capital $1,200

To correct wrong posting.

July 30:

Debit Supplies Account $280

Credit Suspense Account $280

To correct the wrong posting.

Explanation:

The July 6 entry is difficult to decide the correcting entry since the wrong amount was not given.  There is nothing that can be done with the $160 supplied in the question.

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3 years ago
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Answer:

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There is no sport that has not undergone a technological revolution, one way or another. Some, like basketball, have been more prone in this regard, while others have been sidelined. But without a doubt, nobody escapes the tentacles of innovation.

Technology in sports has been included to apply its rules more easily, be more objective, and improve the accuracy of the sport. They are tools that facilitate the practice of sport.

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