Real GDP is calculated using unchanging prices.<br><br> True<br><br> False

Damien Carranza is an nonexempt employee of Verent Enterprises where he is a salesperson, earning a base annual salary of $30,00

Kay [80]

Answer:

Total weekly pay of August = = $ 1468.75

Explanation:

Annual salary = $30,000

Monthly Salary = $ 30,000/12= $ 2500

Salary for 40 hours * ( 4 weeks) = 160 hours = $ 2500

Salary for 1 hour= $ 2500/160= $ 15.625= $ 15.63

He worked additional 4 hours so pay for four hours is = 4 * 15.63= $ 62.5

But as he is a non exempt employee he is entitled to get 1.5 times higher than normal pay for over time so

he will be paid $ 62.5 * 1.5= $ 93.75 for over time

Commission on Sales = 3 % of $25,000

= $ 750

Weekly pay= $ 2500/4= $ 625

Total weekly pay of August = Weekly pay + Commission + Overtime

= $ 625 + $ 750 + $ 93.75

= $ 1468.75

8 0

2 years ago

Bond j has a coupon rate of 5 percent and bond k has a coupon rate of 11 percent. both bonds have 13 years to maturity, make sem

aleksley [76]

To find the change in the price of the bonds, first need to find the price of individual Bond.

Bond Price is directly related to the change in the YTM of the bond. If the YTM rises by 2%, the price of the bond will fall.

Bond J :

(WHEN YTM IS 8%)

Coupon Rate: 5%

Coupon Amount (PMT): $1,000 * 5% = $50/2 = $25 (Semi annual coupon amounts)

Number of years (NPER) = 13*2 = 26

YTM (rate) = 8%/2 = 4%

Face Value: $1000

Price (PV0) : ?

To find the price of the bond, can either use excel or with formula.

When input the below formula in excel,

PV =pv(rate,nper,pmt,fv,type)

P0 =pv(4%,26,-25,-1000)

When input the formula in excel, we get PV as $760.26

(WHEN YTM RISES BY 2%, NEW YTM IS 10%)

Coupon Amount (PMT): $25 (Semi annual coupon amounts)

Number of years (NPER) = 26

YTM (rate) = 10%/2 = 5%

Face Value: $1000

Price (PV1) : ?

To find the price of the bond, can either use excel or with formula.

When input the below formula in excel,

PV =pv(rate,nper,pmt,fv,type)

P1 =pv(5%,26,-25,-1000)

When input the formula in excel, we get PV as $640.62

CHANGE IN THE BOND PRICE OF BOND J DUE TO THE CHANGE IN THE YTM

%change = (P1 – P0)/P0

%change = ($640.62 - $760.26)/$760.26

%change = -18.68%

Therefore, with the increase in 2% YTM of BOND J, the price falls by 18.68%

Bond K :

(WHEN YTM IS 8%)

Coupon Rate: 11%

Coupon Amount (PMT): $1,000 * 11% = $110/2 = $55 (Semi annual coupon amounts)

Number of years (NPER) = 13*2 = 26

YTM (rate) = 8%/2 = 4%

Face Value: $1000

Price (PV0) : ?

To find the price of the bond, can either use excel or with formula.

When input the below formula in excel,

PV =pv(rate,nper,pmt,fv,type)

P0 =pv(4%,26,-55,-1000)

When input the formula in excel, we get PV as $1,239.74

(WHEN YTM RISES BY 2%, NEW YTM IS 10%)

Coupon Amount (PMT): $55 (Semi annual coupon amounts)

Number of years (NPER) = 26

YTM (rate) = 10%/2 = 5%

Face Value: $1000

Price (PV1) : ?

To find the price of the bond, can either use excel or with formula.

When input the below formula in excel,

PV =pv(rate,nper,pmt,fv,type)

P1 =pv(5%,26,-55,-1000)

When input the formula in excel, we get PV as $1,071.88

CHANGE IN THE BOND PRICE OF BOND K DUE TO THE CHANGE IN THE YTM

%change = (P1 – P0)/P0

%change = ($1071.88 - $1239.74)/$1239.74

%change = -13.54%

Therefore, with the increase in 2% YTM of BOND k, the price falls by 13.54%

SIMILALRY IF THE BOND PRICES FALLS BY 2%, the YTM WILL BE 6%/2 = 3% **(REFER THE IMAGE ATTACHED)

5 0

2 years ago

Two carpenters at a cabinet company are interested in receiving a raise in salary. Matt has worked for many years at the company

son4ous [18]

Answer:

C.

Explanation:

Jason will get the raise because even though he is new he works hard like he's been there for years. Matt will not get it because even though he has worked there for a while he doesn't do his job good.

Explanation:

5 0

2 years ago

Read 2 more answers

A bond that is initially sold primarily in countries other than the country of the currency in which the issue is denominated is

Murljashka [212]

International bond that is sold primarily in countries other than the country of the currency in which the issue is denominated.

<h3 /><h3>What is Eurobond?</h3>

A Eurobond is a debt instrument that's denominated in a currency other than the home currency of the country or market in which it is issued.

Eurobonds are frequently grouped together by the currency in which they are denominated, such as Eurodollar or Euro-yen bonds.

Eurobonds are the bonds denominated in a currency other than that of the country in which they are issued.

A bond denominated in Japanese Yen and issued in the UK, or a bond denominated in US dollars and issued in France or the UK are examples of Eurobonds.

To learn more about Eurobond, refer to:

brainly.com/question/26271508

#SPJ4

5 0

1 year ago

Delta Services, Inc., is the major wholesale distributor of software in the state of Florida. Its closest competitor is Efficien

nata0808 [166]

Answer:

Market division

Explanation:

Basically this is Dividing territories (also market division) which is an agreement by two companies to stay out of each other's way and reduce competition in the agreed-upon territories.

In our case, Delta stays out fo Efficient's way and the latter does the same.

5 0

3 years ago

Real GDP is calculated using unchanging prices. True False