1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jolli1 [7]
4 years ago
8

BDJ Co. wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 8.9 percent coupon b

onds on the market that sell for $1,129, make semiannual payments, have a par value of $1,000, and mature in 18 years. What coupon rate should the company set on its new bonds if it wants them to sell at par

Business
1 answer:
goblinko [34]4 years ago
3 0

Answer:

Coupon rate to be set on new bonds = 7.58%

Explanation:

See attached picture.

You might be interested in
MC Qu. 94 A company uses a process... A company uses a process costing system. Its Assembly Department's beginning inventory con
Eddi Din [679]

Answer:

$0.43

Explanation:

                                  Equivalent Units

                                                                                         Labor

                                                                       % Completion       Units

Units Completed and Transferred out                100%             109,500

Ending Work in Process                                       25%               <u>11,800   </u>

Total Equivalent units                                                                 <u>121,300  </u>

<u />

Particulars                                         Amount

Beginning work in Process               10,700

Cost Added during May                    <u>42,000</u>

Total cost added during the year   <u>$52,700</u>

<u />

Cost per Equivalent unit = Total cost added during the year / Total Equivalent units

Cost per Equivalent unit = $52,700 / 121,300 units

Cost per Equivalent unit = 0.43446002

Cost per Equivalent unit = $0.43

3 0
4 years ago
The first step in preparing a flexible budget is to identify the fixed and variable cost components. prepare the budget for each
AURORKA [14]

Answer:identify activity levels

Explanation:

7 0
3 years ago
Students who participated in the science fair were ranked by category and received first-, second-, and third-place ribbons. thi
Nataliya [291]
I don't get the question
6 0
4 years ago
A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to:
hram777 [196]
The asnwer is letter a
3 0
4 years ago
Ben gordon, inc. manufactures 2 products, wheels and seats. the company has estimated its overhead in the assembling department
zhannawk [14.2K]
The number of parts used for the wheels is,
                                (300,000 wheels) x (2 parts/wheel) = 600,000
For the seats,
                             (600,000 seats) x (3 parts/seat) = 1,800,00
From the calculation above, the ratio of wheels to total number of parts is 0.25 which means that the overhead allocated for the wheels should be equal to $165,000. The rest of the money should be for Sam, totaling to $495,000. 
7 0
3 years ago
Other questions:
  • The person responsible for seeing that the scenery, platforms, and other elements are built, painted, and installed onstage is c
    14·1 answer
  • First National Bank charges 13.4 percent compounded monthly on its business loans. First United Bank charges 13.7 percent compou
    8·1 answer
  • Telephone Sellers Inc. sells prepaid telephone cards to customers. Telephone Sellers then pays the telecommunications company, T
    10·1 answer
  • What is one difference between fixed-rate mortgages and variable-rate mortgages?
    12·1 answer
  • Which statement about wants and needs is TRUE?
    15·1 answer
  • Yield to Maturity and Call with Semiannual Payments Thatcher Corporation's bonds will mature in 12 years. The bonds have a face
    6·1 answer
  • Bryant Company has a factory machine with a book value of $85,700 and a remaining useful life of 7 years. It can be sold for $25
    11·1 answer
  • Spanolia LLC is estimating its WACC. Its bonds have a 12 percent coupon, paid semiannually, a current maturity of 20 years, and
    11·1 answer
  • _____ is the quantity of a good or service that people are willing to buy at various prices. Group of answer choices Capacity Ma
    8·1 answer
  • Jim inherited a property that has not been maintained in years, the property needs new appliances, a roof, new siding, new elect
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!