Answer:
invoice price (dirty price) = $1,004.13
Explanation:
semi-annual coupon = $1,000 x 7% x 1/2 = $35
clean price = $1,001.25
accrued interest = (Jan. 30 - Jan. 15) x $35 x 1/182 = $2.88
invoice price (dirty price) = clean price + accrued interest = $1,001.25 + $2.88 = $1,004.13
the dirty price or invoice price of a bond includes any accrued interest that the bond may have earned in the period between the last coupon payment and the transaction date.
Answer:
The correct answer is letter "D": The number of fees a bank charge is likely to be greater than the interest a bank would pay on a teenagers’ balance as they are first starting to save in a savings account.
Explanation:
Banks tend to set higher fees on teenagers' savings accounts because <em>they do not have any credit history</em>. This makes them <em>potentially riskier in financial terms</em> in front of debt for overdrafts, for instance. For the same reason, banks usually provide a low-interest rate on savings and restrictions that are important to be aware of before choosing one bank over another to open the account.
Answer:
idea screening
Explanation:
The idea screening stage of new product development process involves the filtering the ideas to pick out the best ones. At the screening stage good ideas should be spotted and bad ideas should be disposed.
This is a very critical stage since deciding which ideas are worth developing and which aren't is a very difficult and important task. You don't want to invest in a bad idea, so you should be careful, but you don't want to toss away any potentially good idea.
Answer:
$1,000 gain
Explanation:
The cost basis for the vehicles was $6,000 and the carrying cost was $4,000 = $2,000 depreciation
If they sold the vehicles for $5,000, then they had a $1,000 gain (= $5,000 - $4,000). The journal entries should be as following:
Dr Cash account 5,000
Dr Accumulated Depreciation account 2,000
Cr Motor Vehicles account 6,000
Cr Gain on Motor Vehicles 1,000
Answer:
Correct Answer:
4. minimizes total transportation costs.
Explanation:
When a good transportation method is applied, it helps in minimizing the transportation cost involved in moving goods and services from one location to another. <em>For example, it cost 2 million dollars to transport a particular product. With good transportation model, it would definitely be cheaper.</em>
