Answer:
Cash Balance at the beginning of the year = $4,600
Explanation:
Opening Cash Balance = Closing Cash Balance - Net Increase (Decrease) in Cash
Opening Cash Balance = $18,100 - $13,500 = $4,600
It is something with a circle
Answer:
The correct answer is 8.679%.
Explanation:
According to the scenario, the given data are as follows:
Face value (F) = $1,000
Bond value (B)= $955
Time (t) = 18 years
Yield (r) = 9.2%
First we calculate the coupon payment:
Let coupon payment = C
then,
B = C × ![\frac{1 - \frac{1}{(1+r)^{t} } }{r} + \frac{F}{(1+r)^{t} }](https://tex.z-dn.net/?f=%5Cfrac%7B1%20-%20%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7Bt%7D%20%7D%20%7D%7Br%7D%20%20%2B%20%5Cfrac%7BF%7D%7B%281%2Br%29%5E%7Bt%7D%20%7D)
By putting the value, we get
$955 = C× ![\frac{1 - \frac{1}{(1+0.092)^{18} } }{0.092} + \frac{1000}{(1+0.092)^{18} }](https://tex.z-dn.net/?f=%5Cfrac%7B1%20-%20%5Cfrac%7B1%7D%7B%281%2B0.092%29%5E%7B18%7D%20%7D%20%7D%7B0.092%7D%20%20%2B%20%5Cfrac%7B1000%7D%7B%281%2B0.092%29%5E%7B18%7D%20%7D)
$955 = C × 8.64 + 205.11
C = 86.79
So, Coupon Rate = Coupon Payment ÷ Face value
= 86.79 ÷ 1000
= 0.08679
= 8.679%
A, you always monitor whats going on.
Answer:
The correct answer is letter "C": to raise competition among firms in the cartel.
Explanation:
A cartel is a group of companies or countries working together to regulate the price of a single product they produce in common. The cartel makes it impossible for a foreign business to enter the market and demand lower prices. Cartels are, in most cases, not helpful to customers. They generate high prices that remain unchanged until consumers find alternative ways to purchase the same items.
Under such a scenario,<em> cartels are unlikely to be formed to generate more competition among the companies that compose them.</em>