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Paha777 [63]
3 years ago
11

Nancy Groom owns one $1,000 corporate bond issued by General Motors. The bond pays 8.5 percent. If interest is paid semiannually

, what is the amount of the check that Ms. Groom will receive at the end of each six-month period.
Business
1 answer:
svlad2 [7]3 years ago
6 0

Answer:

$42.50

Explanation:

The computation of the amount received at the end of each six month period is shown below:

= Issued amount × rate of interest × number of months ÷ total number of months in a year

= $1,000 × 8.5% × 6 months ÷  12 months

= $42.50

By multiplying the issued amount with the rate of interest and the number of months we can get the amount of the check and the same is shown above

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Acme Company has variable costs equal to 30% of sales. The company is considering a proposal that will increase sales by $12,000
mina [271]

Answer:

$0

Explanation:

The net income is the difference between the sales and total cost which comprises of the variable cost and fixed cost. The sales and variable cost are dependent on the number of units sold.

Let

u = number of units

s = selling price per unit

v = variable cost per unit

F = Fixed cost

I = Net income

I = su - F - vu

but vu = 0.3su

Hence

I = su - 0.3su - F = 0.7su - F

Given that the proposal will increase sales by $12,000,

New sales = su + 12000          ( in $)

and total fixed costs by $8,400

New fixed cost = F + 8400

New variable cost = 0.3( su + 12000) = 0.3su + 3600

New net income = su + 12000 - 0.3su - 3600 - F - 8400

= 0.7su - F

New net income is same as the old net income hence no increase.

4 0
3 years ago
A multimillion-dollar u.s. project to construct a suspension bridge is in progress. true structures inc. in canada shares both p
umka21 [38]

Answer: Joint Venture

A Joint Venture is a business entity that is created when two or more corporations pool in their resources for a specific project.  

The corporations that are a part of the Joint Venture share the governance, risks and rewards of the joint venture.  

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7 0
3 years ago
Claremont Company specializes in selling refurbished copiers. During the month, the company sold 180 copiers at an average price
Bess [88]

Answer:

B

Explanation:

Since the average copier was sold $3000

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Therefore $3000+$3200= $6200

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We subtract it from the 180*$3000=$54000

$1116000-$540000

=$576000

4 0
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At a price of $4.00 each, shape magazine sells 1.25 million copies of its magazine targeted to young women seeking a healthier l
ivann1987 [24]
Selling price = $4.50
Copies sold = $1 million
Fixed costs = $1 million
Unit variable costs = $0.50 per magazine 

Sales = $4,500,000
Fixed costs = $1 million
Variable costs = $500,000

Revenue = Sales - fixed costs - variable costs 
Revenue = $4,500,000 - $1,000,000 - $500,000
Revenue = $3,000,000
4 0
3 years ago
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