1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
All of the following are true about time series methods EXCEPT a. they discover a pattern in historical data and project it into
motikmotik

Answer:

B. they involve the use of expert judgement do develop forecasts

Explanation:

A time series is a series of events that is spaced equally in time. It is a statistical technique used to identify a time based trend of events and them make forecast using data from the trend/time series.

Time series requires certain processes which include discovering of a pattern in the historical data, projection of the historical data into the future, assumption that the pattern will remain the same(constant) as the time goes by, etc.

In time series method, since historical data is the point of reference for making a forecast, no expert judgements is required to develop forecasts. This is because once the data of the series from the past has been taken and a trend/pattern has been identified, that becomes the basis for future forecasts.

Cheers.

8 0
3 years ago
Management is the attainment of organizational goals in an effective and efficient manner through ______, ______, ______, and __
Ainat [17]

Answer:

b. planning, organizing, leading, and controlling

Explanation:

The management is an achievement of organizational goals in an effective as well as an efficient way through <u>organizing, planning, controlling and leading</u> organizational sources. Basically organizational goals are strategically placed aims that plan expected outcomes furthermore supervise subordinates' efforts. There are three kinds of organizational goals they are as follows:

* Tactical

* Strategic

* Operational goals

Organizing, planning, controlling and leading are the qualities that are very effective.

3 0
3 years ago
The following section is taken from Blossom's balance sheet at December 31, 2021. Current liabilities Interest payable $ 40,500
aev [14]

Answer:

(a) Journalize the payment of the bond interest on January 1, 2022.

Dr Interest payable - bonds payable 40,400

    Cr Cash 40,400

The interest expense on the bonds payable should have been accrued on the 2021 balance sheet, that is why we debit interest payable and not interest expense.

(b) Assume that on January 1, 2022, after paying interest, Blossom calls bonds having a face value of $100,000. The call price is 103. Record the redemption of the bonds.

Dr Bonds payable 100,000

Dr Call premium 3,000

    Cr Cash 103,000

(c) Prepare the adjusting entry on December 31, 2022, to accrue the interest on the remaining bonds.

interest expense = $405,000 x 8% = $32,400

Dr Interest expense - bonds payable 32,400

    Cr Interest payable - bonds payable 32,400

3 0
3 years ago
At the end of a recent​ year, Anderson Cleaning​ Service, a​ full-service house and office cleaning​ service, had total assets o
marysya [2.9K]

Answer:

Anderson Cleaning​ Service's liabilities were $2,160

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Owner's (or Stockholders') Equity

Liabilities = Total asset - Owner's (or Stockholders') Equity

At the end of a recent​ year, Anderson Cleaning​ Service had total assets of $5,810 and equity of $3,650

Anderson Cleaning​ Service's liabilities = Total asset - Equity  = $5,810 - $3,650 = $2,160

7 0
3 years ago
The owner of a shopping mall wishes to expand the number of shops available in the food court. She has a market researcher surve
Angelina_Jolie [31]

Answer:

The Sampling Bias

Explanation:

Here in this question, the owner is only getting information about the customers which are coming to the mall on weekdays only while neglecting the response which could have been received on weekends.

Therefore this can be termed as a <em>Sampling Bias. </em><em>The perfect way to go after this question is to ask the customers which are coming to the mall on weekends as well as weekdays, throughout the day.</em>

<em>Hope this helps. Good luck.</em>

8 0
3 years ago
Other questions:
  • Using the allocation method, if the ratio of land value to building value is one to three and an improved property is valued at
    5·1 answer
  • Cantrell company is required by law to collect and remit sales taxes to the state. if cantrell has $8,000 of cash sales that are
    13·2 answers
  • U Co. had cash purchases and payments on account during the current year totaling $455,000. U's beginning and ending accounts pa
    8·1 answer
  • Assume there are currently five firms producing and selling computer chips in the European market. Also assume that the product
    15·2 answers
  • The price of silver is $20 per ounce, the riskless rate of interest is 10% c.c. and storage costs are $1.00 per annum, payable q
    9·1 answer
  • 1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded a
    11·1 answer
  • Catrina Santana contributed a patent, accounts receivable, and $23,000 cash to a partnership. The patent had a book value of $8,
    5·1 answer
  • 3. The media consumer who gets news and information in a crossover fashion, from a variety of sources is known as a(n) _________
    9·1 answer
  • Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 130 shares of its common st
    15·1 answer
  • A company can have many different levels of measuring KPIs. What types of KPIs can be measured besides company-level, campaign-l
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!