Answer:
B. $624,000
Explanation:
Calculation to determine The total amount of the current liability (including interest payable) for this loan that appears in Select Company's balance sheet at December 31, 2015
Current liability=$600,000 + ($600,000 *12% *4/12)
Current liability=$600,000 + $24,000
Current liability = $624,000
(September 1 2015 to December 31 2015=4 months)
Therefore The total amount of the current liability (including interest payable) for this loan that appears in Select Company's balance sheet at December 31, 2015 is $624,000
Answer:
YTM = 8.93%
YTC = 8.47%
Explanation:
![P = \frac{C}{2} \times\frac{1-(1+YTC/2)^{-2t} }{YTC/2} + \frac{CP}{(1+YTC/2)^{2t}}](https://tex.z-dn.net/?f=P%20%3D%20%5Cfrac%7BC%7D%7B2%7D%20%5Ctimes%5Cfrac%7B1-%281%2BYTC%2F2%29%5E%7B-2t%7D%20%7D%7BYTC%2F2%7D%20%2B%20%5Cfrac%7BCP%7D%7B%281%2BYTC%2F2%29%5E%7B2t%7D%7D)
The first part is the present value of the coupon payment until the bond is called.
The second is the present value of the called amount
P = market price value = 1,200
C = annual coupon payment = 1,000 x 12% 120
C/2 = 60
CP = called value = 1,060
t = time = 6 years
![P = 60 \times\frac{1-(1+YTC/2)^{-2\times 6} }{YTC/2} + \frac{1,060}{(1+YTC/2)^{2\times 6}}](https://tex.z-dn.net/?f=P%20%3D%2060%20%5Ctimes%5Cfrac%7B1-%281%2BYTC%2F2%29%5E%7B-2%5Ctimes%206%7D%20%7D%7BYTC%2F2%7D%20%2B%20%5Cfrac%7B1%2C060%7D%7B%281%2BYTC%2F2%29%5E%7B2%5Ctimes%206%7D%7D)
Using Financial calculator we get the YTC
8.467835879%
![P = 60 \times\frac{1-(1+YTM/2)^{-2\times 10} }{YTM/2} + \frac{1,000}{(1+YTM/2)^{2\times 10}}](https://tex.z-dn.net/?f=P%20%3D%2060%20%5Ctimes%5Cfrac%7B1-%281%2BYTM%2F2%29%5E%7B-2%5Ctimes%2010%7D%20%7D%7BYTM%2F2%7D%20%2B%20%5Cfrac%7B1%2C000%7D%7B%281%2BYTM%2F2%29%5E%7B2%5Ctimes%2010%7D%7D)
The first part is the present value of the coupon payment until manurity
The second is the present value of the redeem value at maturity
P = market price value = 1,200
C = coupon payment = 1,000 x 12%/2 = 60
C/2 = 60
F = face value = 1,060
t = time = 10 years
Using Financial calculator we get the YTM
8.9337714%
Answer:
Sex roles are portrayed stereotypical
Explanation:
The people perceive that the household issues like cooking, washing clothes, children mentoring, etc are the jobs of the women becuase this is how they had contributed to the family in the past. So media stereotypically perceives the same way the society does and also portrays it the same way.
Answer:
The break even units are 3000 units and when it desires the profit of $36000 then sales unit is 3400 units.
Explanation:
The selling price of a product (SP) = $150 per unit.
Variable cost (VC) = $60 per unit.
Fixed cost of the company = $270000
Break-even units can be calculated by dividing the fixed cost from the difference in selling price and variable cost.
Break even Units = (fixed cost) / ( SP – VC)
= 270000 / (150-60)
= 3000 units.
Break-even units when a company desires a profit of $36000.
Desired units for sales = (Fixed Cost + Profit)/ Contribution per unit
= (270,000 + 36,000) / (150 - 60)
= 3,400 units
Answer:
612,936 shares
Explanation:
The computation of the number of shares of stock must be sold is shown below:
Before that we have to compute
Required sales proceeds net of spread is
= (Raise amount + estimated cost for legal and accounting fees) ÷ (1 - spread rate)
= ($14.9 million + $582,000) ÷ (1 - 0.0815)
= ($1,5482,000) ÷ (1 - 0.0815)
= $16,855,743.06
So, shares to be sold is
= $16,855,743.06 ÷ $27.50
= 612,936 shares