1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IgorC [24]
4 years ago
12

You have just purchased a U.S. Treasury bond for $747.25. No payments will be made until the bond matures 5 years from now, at w

hich time it will be redeemed for $1,000. What interest rate will you earn on this bond
Business
1 answer:
Marta_Voda [28]4 years ago
4 0

Answer:

6% interest rate

Explanation:

The equation you should use is just a variation of the PV formula:  

r = (FV/PV)1/t -1

r = ($1000/$747.25)1/5 - 1

r = 6% interest rate

The interest rate i will eventually earn on this bond is 6%

You might be interested in
In a database table, which field stores the unique identifying piece of data for a record?
grandymaker [24]

Answer:

The answer is letter d. The primary key is the unique identifier throughout a database table. It could be a social security number, license number, or telephone number. This makes a person to be easily identified especially when there's a lot of people with the same name in the database.

5 0
3 years ago
The following information is available for Pyle Garage for March, Year 2:
trasher [3.6K]

Answer:

See below

Explanation:

Pyle Garage

Bank Reconciliation statement

March 31,

Unadjusted Bank balance

$14,107

March 31,

Add: Deposit in transit

$3,601

Less: Outstanding checks #1,469

($1,557)

Outstanding checks #1,470

($803)

True cash balance March 31, 2018

$15,348

Unadjusted Book balance, March 31

$13,036

Add: Credit memo for collection of

$3,110

Accounts receivables

Less: Error in recording check #1,468

[$890 - $165]

($725)

Debit memo for service charges

($73)

True cash balance March 31,

$15,348

B. Account titles

Cash Dr $3,110

Accounts receivables Cr. $3,110

Equipment Dr $725

Cash. Cr. $725

Bank service charge expense Dr $73

Cash. Cr. $73

8 0
3 years ago
Osborn Company's unadjusted book balance at June 30, 2014 is $7,800. The company's bank statement reveals bank service charges o
Rashid [163]

Answer:

C. $8,665

Explanation:

5 0
3 years ago
EXERCISE 6-3
AfilCa [17]

Answer:

bdfngmhgfsadfhfh,j.,gfdbn,.kj,gfdg

Explanation:

dvsvdsvd

7 0
4 years ago
Rachel’s Candelabra Shoppe sells candles to clients for $6.00 each. The variable cost to produce each candle is $2.25 per candle
Flauer [41]

Answer:

The firm’s contribution margin per candle is $3.75

Explanation:

The computation of the firm’s contribution margin per candle is shown below:

Contribution margin per unit = Selling price per unit - variable cost per unit

= $6 candle - $2,25 candle

= $3.75 candle

The fixed expense is used to compute the break-even sales in units and in dollars so for this calculation, the fixed expense should not be taken. Hence, ignored it

7 0
3 years ago
Other questions:
  • Please list five words to describe your dominant culture. Please list five words to describe a culture with which you are not a
    10·1 answer
  • What if The Biscuit Bakery was a corporation? Suppose Mrs. Meadows is the CEO, but does not own any stock in the company. The Bi
    9·1 answer
  • When using horizontal differentiation, a firm divides itself into subunits based on function, type of business, or Multiple Choi
    15·1 answer
  • A lender demands an interest rate in part to compensate for any expected ___________, so that the money that is repaid in the fu
    5·1 answer
  • A service contract for a video projection system costs $195 a year. you expect to use the system for four years. instead of buyi
    6·2 answers
  • money owed to the hotel for services already performec is called (a)accounts payable(b)accounts receivable(c)unposted transactio
    9·1 answer
  • Collins offers to sell to Phillip a hand-carved chest of drawers worth more than $2,500. Phillip agrees to buy the chest and sig
    8·2 answers
  • __ is the first phase of communication?
    13·2 answers
  • A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two yea
    9·1 answer
  • The Molding Department of Boswell Company has the following production data: beginning work process 40,000 units (60% complete),
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!