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eimsori [14]
3 years ago
11

5. Destiny is asked if she wants to open a Macy's credit card on the spot when she is checking out.

Business
1 answer:
Zielflug [23.3K]3 years ago
5 0
B because is B I now it is
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Coccia Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon
Gre4nikov [31]

Answer:

7.28%

Explanation:

For this question we use the RATE formula that is shown in the attachment below:

Provided that

Present value = $1,075

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 8% ÷ 2 = $40

NPER = 20 years × 2 = 40 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the coupon rate is

= 3.64% × 2

= 7.28%

6 0
3 years ago
Snow Cap Company has a unit selling price of $250, variable costs per unit of $170, and fixed costs of $160,000. Compute the bre
snow_tiger [21]

The break-even point in units using the mathematical equation  is 2,000 in units and the unit contribution margin is 80 per unit.

<h3>Break even points in units</h3>

a. Break-even point in unit

Using this formula

Break-even point in unit=Fixed cost/(Selling price-Variable cost)

TC = FC + VC

Sales - TC = Net Income

Sales - TC = 0

Sales - FC - VC = 0

2500(Q)-160,000-170(Q) = 0

80(Q)-160,000 = 0

80(Q)=160,000

Q=160,000/80

Q=2,000 break-even in units

b. Unit contribution margin

Unit contribution margin = Selling price- Variable cost

Unit contribution margin= $250 - $170

Unit contribution margin =$80 per unit

Inconclusion the break-even point in units using the mathematical equation  is 2,000 in units and the unit contribution margin is 80 per unit.

Learn more about break-even point here:brainly.com/question/9212451

8 0
2 years ago
Smith buys and sells equity securities. On December 15, 2021, Smith purchased $542,000 of Jones shares and elected the fair valu
zimovet [89]

Answer:

$46,000

Explanation:

We can find out the the revaluation gain that need to be reported at the year end by just deducting the the cost of the investment by its current fair value .

DATA

Fair value = 588,000

Cost = 542,000

Revaluation gain = Current fair value - Cost

Revaluation gain = 588,000 - 542,000

Revaluation gain = $46,000

The revaluation gain of $46,000 will be reported in other compreensive income of smith's financial statements.

4 0
3 years ago
Bitcoin fails to satisfy which two of the three functions of money? Question 3 options: A) medium of exchange and unit of accoun
mojhsa [17]

Answer:

The correct answer is letter "D": unit of account and store of value.

Explanation:

Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.

Three are the functions of money: <em>medium of exchange, store of value, </em>and <em>unit of account</em>. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.

3 0
3 years ago
The Tanner Company's April 30 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconc
Natalija [7]

Answer:

$38,950

Explanation:

Given that,

Cash balance on its books = $35,000

Outstanding checks = $11,000

Deposits in transit = $7,000

Bank service charges = $50

Tanner's April 30 cash balance per the bank statement:

= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge

= $35,000 + $11,000 - $7,000 - $50

= $38,950

Therefore, cash balance as per bank statement is $38,950.

6 0
3 years ago
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