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fomenos
3 years ago
9

Atom Endeavour Co. issued $39 million face amount of 8.1% bonds when market interest rates were 8.03% for bonds of similar risk

and other characteristics. Required: a. How much interest will be paid annually on these bonds
Business
1 answer:
svetlana [45]3 years ago
8 0

Answer: $3,159,000

Explanation:

Based on the information provided, the amount of interest that will be paid annually on these bonds will be calculated as follows:

Interest = Coupon rate × Face value

where,

Coupon rate = 8.1%

Face value = $39 million

Interest = Coupon rate × Face value

= 8.1% × $39 million

= 0.081 × $39 million

= $3,159,000

Therefore, the interest amount is $3,159,000.

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Sibila, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is considering
Ahat [919]

Answer:

c. It will increase.

Explanation:

Break even point is the level of activity at which a firm neither makes a profit nor a loss.

<em>Break - even units = Fixed Costs ÷ Contribution per unit </em>

therefore,

<u>Existing break-even point in units :</u>

Break - even units = $16,000 ÷ ($40 - $18) = 727.27 or 728 units

<u>New break-even point in units :</u>

Break - even units = $21,000 ÷ ($40 - $16) = 875 units

Conclusion :

The results show that break-even point in units will increase from 728 units to  875 units as a result of the changes

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3 years ago
Online banking tools allow you to pay bills from your computer.
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At the minimum wage (set above the equilibrium wage),
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3 years ago
A company began its operations on April 1 of the current year. Budgeted sales for the first three months of business are $250,00
Mariana [72]

Answer:

Total cash collection May= $306,000

Explanation:

Giving the following information:

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May= $320,000

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Total cash collection May= $306,000

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3 years ago
Which of these would most likely be funded through a Community Facilities District?
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Answer:

what ones there's only the question not the answers

7 0
3 years ago
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