Answer:
$9583.89
Explanation:
value of each payment (P): $2,100
interest rate per period (r): 12/100 = 0.12
number or periods (n): 7
present value of annuity (PV): ??
using the annuity formula: 
PV = $9583.89
Answer:
$38,265
Explanation:
Beg RE = $29,825
Plus Net Income = $6,540
Minus Dividends = ($2550)
Plus New Stock = $4450
Ending RE = $38,265
The answer to the question is shown below.
<h3>
What is the Interest rate?</h3>
- In finance and economics, interest is the payment of an amount above the repayment of the principal sum (that is, the amount borrowed) by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by borrower or deposit-taking financial institution.
- It differs from a fee that the borrower may pay to the lender or a third party.
- It is also distinct from a dividend, which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a fixed rate, but rather on a pro-rata basis as a share of the reward gained by risk-taking entrepreneurs when revenue exceeds total costs.
Calculation:
Given -
Annual Interest Rate:
So, Annual Interest Rate:
- 5.75% = 1000 × 5.75%= 57.50
- 6.40% = 1000 × 6.40%= 64.00
- 6.00% = 1000 × 6.00%= 60.00
- 7.55% = 1000 × 7.55%= 75.50
So, Semiannual Interest Amount:
- 5.75% = 1000 × 5.75%/2 = 28.75
- 6.40% = 1000 × 6.40%/2 = 32.00
- 6.00% = 1000 × 6.00%/2 = 30.00
- 7.55% = 1000 × 7.55%/2 = 37.75
Therefore, the answer to the question is shown below.
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The complete question is given below:
Calculate the annual interest and the semiannual interest payment for the following corporate bond issues with a face value of $1,000. (Round your answers to 2 decimal places.) Find: Annual Interest Amount, and Semiannual Interest Payment
Annual Interest Rate:
5.75%
6.40%
6.00%
7.55%
The Ozark Bike Company recently entered into an agreement with a large Japanese retailer to distribute its bicycles in Japan. Ozark Bike Company sees itself in a favorable position because the yen is stronger in most of the time over the U.S. dollar. When the yen is stronger than the U.S. dollar, it's cheaper for Japanese customers to buy the U.S. products. This type of agreement should lead to more sales for the Ozark Bike Company which means their profits will in-turn be higher. Not only will profits rise, so will awareness of the product and help grow the Ozark Bike brand.
Answer:
See below
Explanation:
Raw materials purchased is computed as;
Raw material purchase = Ending inventory + required for production - beginning inventory
= 50,000 + ((80,000 + 770,000 - 30,000) × 3) - 60,000
= 50,000 + 2,460,000 - 60,000
= 2,450,000 grams
