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AysviL [449]
3 years ago
10

Calculate the annual coupon payment if the semi-annual coupon paying bond price is $920, the yield for the bond is 6%, the bond'

s face value is $1,000 and matures in 9 years.
Business
1 answer:
Greeley [361]3 years ago
3 0
FV: 1000
PV: -920
I/Y: 6/2= 3
N: 9(2)= 18
CPT PMT: 24.1833

this payment is for semi annually, the question asks for annual so:
24.1833(2)= 48.37
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A product you carry has a shelf life of 75 days. You purchased it on January 10th. During what month does it expire?
statuscvo [17]
January has 31 days.

31-10= 21

75-21= 54

February has 28. 

54-28= 26

It expires in March.

I hope this helps!
<em>~kaikers</em>
6 0
3 years ago
Read 2 more answers
Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high sch
Luden [163]

Answer:

$1,590.00

Explanation:

Martha has $10,000 saved one. She will join college after 5 years.

Tuition for one year is $10,000. Inflation rate is 3%

The applicable formula is A = P ( 1+ r) ^n

Where A = amount after 5 years

P= principal amount $10,000

r= interest rate 3% of 0.03

n = 5 years

A= $10,000( 1+ 0.03) ^5

A = $10,000 ( 1.03)^5

A= $10,000 x 1.159

A= 11,590.00

Marthe already has $10,000. She will need  11,590.00 - $10,000 more

=$1,590.00

7 0
3 years ago
The utility of a good or service 1. is synonymous with usefulness. 2. is the satisfaction or pleasure one gets from consuming it
Vanyuwa [196]

Answer:

B. is the satisfaction or pleasure one gets from consuming it.

Explanation:

The utility is the concept which marks the level of satisfaction that a person gets after consuming a particular good. The utility obtained cannot be measured in terms of the weight of the physical property of the goods. It is the result of the satisfaction of the customers after consuming it. The utility exists not in the product but the consumption of it.

4 0
4 years ago
Q 9.28: Prepare the journal entry if Bench Company purchases a delivery van for $22,175 with related expenditures of sales taxes
Leona [35]

Answer:

Dr Equipment $22,843

Dr Licence expenses $210

Dr Prepaid Insurance $875

Cr Cash $23,928

Explanation:

Preparation of the journal entry for Bench Company

Based on the information given we were told that Company made the following transaction:

Purchase of delivery van for tha amount of $22,175

Sales taxes for the amount of $443

Painting for the amount of $225

Vehicle license for the amount of $210

Accident insurance for the amount of $875

Therefore based on the above Bench Company Journal entry will be recorded as:

Dr Equipment $22,843

($22,175+$443+$225)

Dr Licence expenses $210

Dr Prepaid Insurance $875

Cr Cash $23,928

3 0
3 years ago
Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Agoria, a nation with a pure market
Marta_Voda [28]

Answer:

Two weaknesses as consultant can be identify: The economy experiences economic fluctuations, and people with no resources to sell could starve

Explanation:

In a pure market economy, the allocation of resources is based on purely the dynamics between supply and demand. If our economy is closed (there is no imports nor exports) and there is not different actors (such as government) and all trade goods are perfect (they are not public or semi-public goods), then the market will efficiently allocate all the resources. Nevertheless, this is not the case, and with an open economy and the existence of imperfections, any external impact will cause economic fluctuations, and those workers with no demandable offer will not be hired, and potentially will be out of the market.

3 0
3 years ago
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