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3 years ago

Of the 4,092 pedestrian fatalities nationwide in 2009, __________ were Floridians. A. 2% B. 11% C. 19% D. 22%

1 answer:

5 0

<span>Of the 4,092 pedestrian fatalities nationwide in 2009, 11% of them were Floridians
In 2009, Florida has around 466 pedestrian fatalities, the second highest in United States. The most common cause for this huge numbers is mostly related to alcohol abuse among drivers</span>

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You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently Janua

Oduvanchick [21]

Answer:

the yield to maturity for the bond issued by Xenon, Inc = 6.92%

Explanation:

<em>IMPORTANT NOTE: The data of the calculation was obtained from an online book.</em>

<em />

Yield to Maturity [YTM] of the Bond

Yield to Maturity [YTM] = Coupon Amount + [(Par Value – Bond Price) / Maturity Years] / [(Par Value + Bond Price)/2]

Par Value = $2,000

Coupon Amount = $126 [$2,000 x 6.30%]

Bond Price = $1,885.82 [$2,000 x 94.291%]

Maturity Years = 15 Years [Jan 15,2016 to Jan 15,2031]

Therefore, Yield to Maturity [YTM] = Coupon Amount + [(Par Value – Bond Price) / Maturity Years] / [(Par Value + Bond Price)/2]

= [$126 + {($2,000 – $1,885.82) / 15 Years)] / [($2,000 + $1,885.82) / 2}]

= [($126 + $7.61) / $ 1,942.91]

= 0.0692

= 6.92%

<h2> </h2><h2>Therefore, the yield to maturity for the bond issued by Xenon, Inc = 6.92%</h2>

8 0

2 years ago

The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to Whi

gogolik [260]

Complete question:

On January 1. Year 1. White Co. sold a property with a remaining useful life of 20 years to Blue Co. for $900.000. At the same time. White entered into a contract with Blue for the right to use the property (leaseback) for a period of 6 years. with annual rental payments of 580.000 that approximate the market rental payments for similar properties. On January 1. Year 1. the carrying amount of the property was 5680.000. and its fair value was 5770.000. A discount rate for the lease of 10% is used by both White and Blue. The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to White at the end of the lease term and does not include a purchase option.

What amount of lease expense for the right of use of the property is recognised by White in Year 1 ?

A. $0

B. $130,000

C. $90,000

D. $220,000

Answer:

$90,000 amount of lease expense for the right of use of the property is recognised by White in Year 1

Explanation:

If the leaseback is known as an operating lease, the original transition to the buyer-lessor of the asset should be taken into account as the selling of an asset, given that all the income identification requirements have been fulfilled.

If the deal is of equal value, the lender lease is informed of the gain or loss of sale between the purchase price and the sum of the land that is held. Yet this is not a equal value trade. The property's sale price is higher than its market value. Accordingly, the income or loss on sale seems to be the difference between the equal worth and the value of the land.

Therefore, on 1 January, White records a benefit of $90,000 in revenue of $770,000 (fair value of $680,000 in carrying amounts)

4 0

3 years ago

Landrum Corporation is considering investing in specialized equipment costing $250,000. The equipment has a useful life of 5 ye

aalyn [17]

Answer: ARR = Average profit/Initial outlay x 100

ARR = $19,000/$250,000 x 100

ARR = 7.60%

The correct answer is C

Depreciation = Cost - Residual value/Estimated useful life

= $250,000 - $20,000/5 years

= $46,000 per annum

Average profit = Total profit/No of years

= $325,000/5

= $65,000

Average profit 65,000

Less: Depreciation 46,000

Average profit after depreciation 19,000

Explanation: In determining the accounting rate of return of the investment, there is need to calculate depreciation using straight line method. The amount of depreciation would be deducted from the average profit so as to obtain the average profit after depreciation. The average profit would be divided by the initial outlay in order to obtain the accounting rate of return.

5 0

3 years ago

You just won the lottery and have two choices for how you will collect your money. You can collect $100,000 today or receive $20

patriot [66]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0

3 years ago

An agreement between Jim and his 18-year-old daughter, Betty, provides that he will give her $25,000 if she does not marry until

Mariulka [41]

Answer:

No, Jim is not correct.

Explanation:

Betty will win this case.

Generally, the law encourages marriage as its policy. If there is any contract that prevent or restrict marriage in whatever way, such contract would be considered null and void because it is against the public policy.

Despite the above, contracts will be generally considered valid when they place reasonable restrictions on marriage. In this question, the restriction placed on Betty that she should get married until after her 22nd birthday is reasonable and has to be considered to be valid. Based on this, Betty has to be paid the $25,000 as laid down in the binding contract between the two parties.

Therefore, Jim is not correct.

4 0

3 years ago