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Iteru [2.4K]
3 years ago
8

Petty Productions Inc. recently issued 30-year $1,000 face value, 12% annual coupon bonds. The market discount rate for this bon

d is only 7%. What is the current price of this bond?

Business
1 answer:
matrenka [14]3 years ago
8 0

Answer:

The correct answer is $1,620.45

Explanation:

According to the scenario, the computation of the given data are as follows:

Time period (Nper) = 30 years

Face value (FV) = $1,000

Rate (r) = 7%

Coupon payment = $1,000 × 12% = $120

So, by putting all these in the financial formula, we get

The attachment is attached below.

So, the current price of the bond is $1,620.45.

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Helmers Corporation manufactures a single product. Variable costing net operating income last year was $74,000 and this year was
gogolik [260]

Answer:

$46,400

Explanation:

The computation of the absorption costing net operating income last year is shown below:

= Net operating income under variable costing + Fixed overhead deferred in ending inventory - Fixed overhead released in beginning inventory

= $74,000 + $0 - $27,600

= $46,400

All other information which is given in the question is not relevant. Hence, ignored it

4 0
4 years ago
First developed because of technological advances in human societies that created surplus resources.
alisha [4.7K]

Social first developed because of technological advances in human societies that created surplus resources. deviance is the kind of deviance that societies do not sanction using laws.

<h3>What is surplus resources?</h3>

Surplus is the amount of an asset or resource that exceeds the amount used. To calculate consumer surplus, simply divide the consumer's actual price by the amount they were willing to pay.

When you have more of something than you need or intend to use, you have a surplus. For example, if you cook a meal and there is food left over after everyone has eaten, you have a surplus of food.

A consumer surplus and a producer surplus are both components of an economic surplus. These two types of surplus are distinct, but both represent a specific gain for either the consumer or the producer.

To know more about surplus resources follow the link:

brainly.com/question/25219346

#SPJ4

6 0
1 year ago
18. Acidic foods, such as tomatoes or wine, are important in a braise to
Ksivusya [100]

A. thicken the sauce.

Acidic foods, such as tomatoes or wine, are important in a braise to thicken the sauce.

5 0
4 years ago
Read 2 more answers
The two primary factors affecting an​ entrepreneur's choice of legal ownership for a venture are​ ________ and​ ________.
77julia77 [94]
The two primary factors affecting an entrepreneur choice of legal ownership for a venture are TAXES AND LEGAL LIABILITY.
The type of business that an entrepreneur establish will determine the type and the amount of tax that it will be required to pay. The legal liability of the entrepreneur determines the extent to which he can be liable in case he finds himself in a financial mess. The entrepreneur should try and minimize the impacts of these two factors.
5 0
4 years ago
The city council is getting ready to build a new power plant, which is expected to bring jobs to the community, but also generat
Dominik [7]

Answer:

environmental racism

Explanation:

Based on the information provided within the question it can be said that this scenario could possibly be classified as environmental racism. This is a concept which describes the environmental discrimination that occurs in many geographical locations both in practice as well as on paper. All of which is based on a racialized context.

4 0
3 years ago
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