<u>Solution and Explanation:</u>
1. the Yield to maturity
FV = 1,000
PMT = FV multiply with Coupon rate
, PMT = 1,000 multiply with 0.1 = 100
N = 5
, PV = -1,197.93
CPT I/Y
I/Y = 5.380166647
Therefore, the Yield to maturity = 5.380166647%
Where: FV – fair value, PV – Present value
2. Current yield = Coupon payment divided by Price
Current yield = 100 divided by 1,197.93
By solving we get,
Current yield = 0.08347733173
Therefore, the Current yield = 8.347733173%
Answer:
A programmer, a web designer, and a data analyst.
Explanation:
The programmer creates the sales system application. He will integrate key functionalities in the new software that will meet the companie's unique need.
The we designer will create a website that will give easy access to the newly developed sales system application. This will also involve content creation and user interface creation.
Data analyst will be in charge of managing client's data. Making sure data is secure and in a form that can be easily accessed and used.
Answer:
there is no deadweight loss.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.
Answer:
Explanation:
Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer fro the year, dividend paid during the year etc.
Splish Corporation
Retained Earning Statement
for the year ended December 31, 2020
$
Retained Earning at January 1, 2020 707,000
Less: Cash Dividend paid during 2020 85,000
Add: Net Income for the year 2020 <u>1,428,500</u>
Retained Earning ath December 31 2020 <u>2,050,500</u>
Unpaid work and volunteer work
