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Ipatiy [6.2K]
3 years ago
14

Moonlight Company sells $ 300 comma 000 of 9​%, 15​-year bonds for 67.0453 on April​ 1, 2018. The market rate of interest

on that day is 14.5​%. Interest is paid each year on April 1. The issue price of the bond is $ 201 comma 136. Moonlight Company uses the​ straight-line amortization method. The amount of interest expense for each year will be
Business
1 answer:
Lubov Fominskaja [6]3 years ago
3 0

Answer:

Interest expense for the year: 33,590.33

Explanation:

face value $ 300,000

rate 9%

time 15 years

issued at   $  201, 136

discount:  $    98, 864

amortization per year under straight-line: the discount is equally distributed for each period

98,864 / 15 = 6,590.33

<u><em>interest expense per year:</em></u>

face value x rate + amortization:

300,000 x 0.09 + 6,590.33 = <em>33,590.33</em>

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Answer:

When the economy reaches full real output, there is no spare capacity left and therefore as real output increases, the price level will increase. There are no workers left in the economy as full employment is reached.

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3 years ago
Find the APR or stated rate in each of the following cases and show calculations:&lt;?xml:namespace prefix = o ns = "urn:schemas
hram777 [196]

Answer and Explanation:

The computation is shown below:

The formula is

APR = P × {(EAR + 1 )^(1 ÷ P) - 1}

1. For semi annually

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= 10.33%

2. For monthly

= 12 × (0.115 + 1)^(1 ÷ 12) - 1}

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3. For weekly

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4. For infinite

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3 years ago
How does the viscosity of the magma fed to volcanoes affect nearby life and property?
saveliy_v [14]
<span>A volcano that expels highly viscous magma is a greater threat to life and property because it is more explosives and thus is more difficult or impossible to predict. When there are more explosives happen, the damage that created to nearby life and poverty will also be increased. Depending on the amount of magma that being erupted, it might take more than ten years for the soil to have good enough composition for plants to grow.</span>
8 0
3 years ago
Bethany Richards is a book rep. She sells books to schools and libraries. She earns a 9 percent commission on every book she sel
Zanzabum

Answer:

The correct answer is: $284.10.

Explanation:

The percentage of a number represents a part of it. Typically percentages are used when a certain amount of money is to be paid out of another amount because of services being provided or for using the money as instruments of investments like bank loans.

In Bethany Richards' case, she receives 9% in commissions for all the books she sales. Then,

Total amount for books sold = $963.25 + $742.00 + $614.35 + $837.10

Total amount for books sold = $3156.70

Thus,

Bethany's monthly commission = $3156.70 x (9%)

Bethany's monthly commission = $284.10

6 0
3 years ago
Elly owns a small coffee shop. she has only one employee. one​ weekend, she decided to take a break from work. she is wondering
Rudiy27
<span>The answer to your question is 
</span>\boxed{\bf C.~backwards~induction}&#10;<span>

</span>
\bf Explanation:
<span>
Backward induction is a process of decision making where you reason backward of the situation. 
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3 years ago
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