Answer:
$468,844 approx.
Explanation:
<u>Assumption</u>: <u>Since the question is incomplete, with the available information it has been construed that calculation of bond price is required and the question has been solved accordingl</u>y.
The price of a bond is the present value of future cash receipts it generates to the investor in the form of interest stream and principal stream.
wherein,
= price of bond as on today
i = annual coupon payments
ytm= investor's expectation of interest or market rate of interest on similar bonds
RV = Redemption value of such bonds assumed to be the face value
n = term to maturity
12.46221 × 22,500 + 0.376889 × 22,500 = 280,399.725 + 188444.5
$468,844 approx
This is the present value of the bond which is lower than it's face value because market rate of return of similar bonds is higher than the coupon rate of payment by Westside Corporation.
Answer:
B. $660
Explanation:
Net income is the difference between the sales for the year and the total expense incurred. The expense in this question is the interest on the loan for year 2.
Since the loan was taken on 1 April of year 1 for a year, the interest expense to be recognized for year 2 will be for only 3 months. This expense may be computed as
=3/12 * $32,000 * 8%
= $640
Net income = $1,300 - $640
= $660
A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.
Simple interest allows your money to earn money, so you have to save less.
<h3>What Is Simple Interest?</h3>
Simple interest is a quick and easy method of calculating the interest charge on a loan.
Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
<h3>Where is simple interest used in real life?</h3>
Application of Simple Interest:
In our daily lives, sometimes, we come across a situation where we need to borrow money from a bank, post office or a moneylender for a specified period.
At the end of this period, we must pay back the money we had borrowed plus some additional money for using the lender's money.
Learn more about simple interest here:
<h3>
brainly.com/question/1325643</h3><h3 /><h3>#SPJ4</h3>
You would basically receive a tax refund from the IRS if your tax liability is less than the tax you paid for a fiscal year. This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits. For example, earned income tax credit, child tax credit if you have children, etc. List goes on.
Answer:
$59
Explanation:
Under the First in first out inventory valuation system, items sold are sold based on date of purchase i.e items that were first purchased will be sold before items purchased subsequently.
This is usually adopted for perishable inventory or inventories with expiration periods.
As such, the items sold on April 25 will be the one purchased on April 5, hence ending inventory balance
= $12 + $14 + $16 + $17
= $59
