Answer:
The correct answer is Lower than.
Explanation:
The yield at maturity (YTM) of a bond is the total return (which includes interest and capital gain) that it obtains upon expiration. It is expressed as a percentage and tells investors what the return will be if they acquire the bond and keep it until the issuer reimburses it. It is difficult to calculate the yield to maturity with precision, but you can approach its value if you use a profitability table or one of the many calculators that are available on the Internet for this purpose.
Answer:
A, B and C are correct
Explanation:
An express warranty is a warranty that is clearly expressed. In this case, the salesperson said the paint was heat resistant and could be used for painting the inside of a fireplace.
An implied warranty of fitness for a particular purpose means that the product works or it is fit for a particular use or purpose. In this case, the seller told Dustin that the paint could be used to paint the inside of a fireplace.
The warranty of merchantability is always implied, unless it is expressly disclaimed by the seller or the name of the product (e.g. sold with all faults). This means that the product should be good enough to be bought by an ordinary customer.
Answer:
22. Option (B) is correct
23. Option (A) is correct
Explanation:
22.
Total Cash Available = Beginning Cash Balance + Budgeted Cash Receipts
= $18,000 + $183,000
= $201,000
Excess (Deficiency) of Cash Available over Disbursements:
= Total Cash Available - Budgeted Cash Disbursement
= $201,000 - $188,000
= $13,000
23.
Amount to be borrowed:
= Desired ending Cash Balance - Excess (Deficiency) of Cash Available over Disbursements
= $30,000 - $13,000
= $17,000
Answer: Calculate his net working capital
Explanation:
The net working capital shows a company's ability to pay off its short term obligations using its current assets.
It is calculated by subtracting the current liabilities of a company from its current assets. When net working capital is high, a company has enough to ensure that it can grow in the short run but when the net working capital is little or negative, the company will have a hard time paying off short term obligations which will affect its financial health.