Answer:
The bond is worth $651.59 today
Explanation:
FV = $1000
N = 8
I/Y = 5.5%
Present Value = ?
PV = FV*(1+r)^(-n)
PV = $1000 * (1 + 0.055)^-8
PV = $1000 * (1.055)^-8
PV = $1000 * 0.651599
PV = $651.59
$13,422.62 will be in the account in 15 years by compounding continuously.
<h3>Compound interest rate</h3>
Formula: FV =PV * e^(i*t),
where FV =Future value,
PV=Present Value,
e =Euler’s number,
i =nominal rate per year,
t =Number of years.
Answer:
$13,422.62
that is why
FV =PV * e^(i*t),
A=?
P=$8,000
r=0.0435
t=15 years
A=8,000e0.0345*15
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Answer:
option (b) $900 U
Explanation:
Data provided in the question:
Normal capacity = 4,000 units per month
Budgeted fixed overhead = $16,000
Budgeted Variable factory overhead = $20,000
Actual overhead incurred = $37,900
Now,
Budgeted variable factory overhead cost per unit = $20,000 ÷ 4,000
= $5
Flexible budget variable factory overhead = 4,200 × $5
= $21,000
Total Variable budgeted factory overhead = $21,000 + $16,000
= $37,000
Variance = Budgeted overhead - Actual overhead
= $37,000 - $37,900
= - $900
or
$900 Unfavourable
Hence, option (b) $900 U
Answer: Destination Contract.
Explanation:
Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.
The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.
The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.
After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.
Answer: Stockholders have the right to elect the firm's directors, who in turn select the officers who manage the business. If stockholders are dissatisfied with management's performance, an outside group may ask the stockholders to vote for it in an effort to take control of the business. This action is called a tender offer.
Explanation:
Tender offer refers to a bid to buy the stock of a shareholder in a corporation. These are usually made public and the shareholders are invited to sell their shares at a given price and a particular period of time.
The statement that "Stockholders have the right to elect the firm's directors, who in turn select the officers who manage the business. If stockholders are dissatisfied with management's performance, an outside group may ask the stockholders to vote for it in an effort to take control of the business. This action is called a tender offer" is incorrect.
Even though the stockholders can vote and choose the board of directors, the information given in tender offer is wrong.
