Higher nominal interest rates ______ the amount of money demanded and higher real income _____

Watson consulting, llc is a consultancy to consultants. They have bonds which have a face value of $1,000. The bonds carry a 3.5

Montano1993 [528]

Answer:

The current market price is $ 883.08

Explanation:

The current market price can be ascertained using the pv excel function as follows:

=-pv(rate,nper,pmt,fv)

rate is the semiannual yield to maturity which is 5%/2

nper is the number of semiannual coupons in the bond i.e 10*2=20

pmt is the semiannual coupon=3.5%*1/2*$1000=$17.5

fv is the face value of the bond

=-pv(5%/2,20,17.5,1000)=$ 883.08

3 0

3 years ago

which one of the following audit programs is done on a random basis? a) correspondence audit b) national research program c) dis

victus00 [196]

An audit program which is done on a random basis is: c) discriminant function system program.

<h3>What is an audit program?</h3>

An audit program is also referred to as audit plan and it can be defined as a series of directions that an auditor and his or her team members must follow, in order to achieve the proper execution of an auditing process.

<h3>The types of audit program.</h3>

In Business management, there are different types of audit program and these include the following:

Correspondence audit.

National research program.

Discriminant function system program.

Targeted programs audit.

In conclusion, discriminant function system program simply refers to a types of audit program which is done on a random basis.

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7 0

2 years ago

The marginal cost of producing 40 units of a public good is $200. There are two individuals in the society. Person A is willing

Tju [1.3M]

Answer:

$120

Explanation:

Yes Person B must be willing to pay an amount that would cover the marginal cost of the product.

Remember, the marginal cost is the cost per unit of a product not the sales cost. Therefore, the total value paid should cover the marginal cost.

6 0

3 years ago

Read 2 more answers

f a check correctly written and paid by the bank for $352 is incorrectly recorded in the company's books for $299, how should th

Alja [10]

Add $53 to the book balance.

The book balance is the company's cash balance according to its accounting records. Your book balance may include transactions that have not yet been cleared or cleared from your bank account. At the end of the accounting period, the company's book inventory is reconciled with the bank balance via monthly account statements.

Posted book balance is the closing balance (posted funds) reported in the daily close (MT940). Depending on your sending bank's policy, this balance may include unbilled items. The Clearing Balance is the "true" interest-bearing balance available calculated on a given date book balance.

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8 0

2 years ago

The following information was obtained from Galena Company’s comparative balance sheets. Assume that Galena Company’s 2016 incom

marusya05 [52]

The following information was obtained from Galena Company’s comparative balance sheets. Assume that Galena Company’s 2016 income statement showed depreciation expense of $8,000, a gain on sale of investments of $9,000, and net income of $45,000. Calculate the net cash flow from operating activities using the indirect method.

Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $19,000 $9,000

Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $44,000 $35,000

Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $55,000 $49,000

Prepaid rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,000 $8,000

Long-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21,000 $34,000

Plant assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $150,000 $106,000

Accumulated depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40,000 $32,000

Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $24,000 $20,000

Income tax payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,000 $6,000

Common stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $121,000 $92,000

Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $106,000 $91,000The following information was obtained from Galena Company’s comparative balance sheets. Assume that Galena Company’s 2016 income statement showed depreciation expense of $8,000, a gain on sale of investments of $9,000, and net income of $45,000. Calculate the net cash flow from operating activities using the indirect method.