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Nat2105 [25]
3 years ago
10

Calculate the current price of a $1,000 par value bond that has a coupon rate of 6 percent, pays coupon interest annually, has 2

7 years remaining to maturity, and has a current yield to maturity (discount rate) of 15 percent. (Round your answer to 2 decimal places and record without dollar sig
Business
1 answer:
Dovator [93]3 years ago
8 0

Answer: $413.81

Explanation:

Price of a bond = Present value of coupon payments + Present value of face value

Coupon is a constant payment so is an annuity.

Coupon = 6% * 1,000 = $60

Price of bond = Present value of annuity + Present value of face value

= (Coupon * Present value interest factor of annuity (PVIFA), 27 periods, 15%) + (Face value / (1 + rate) ^ number of periods)

= (60 * 6.514) + (1,000 / (1 + 15%)²⁷

= $413.81

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Middleton Corporation uses the normal costing system to determine the amount of overhead to be applied to production. The predet
yulyashka [42]

Answer:

total amount of overhead applied = $265680

Explanation:

given data

Actual direct labor hours = 8200

overhead rate  = 32.40 per DLH

to find out

total amount of overhead applied

solution

we will apply here formula for total amount of overhead applied that is

total amount of overhead applied = Actual direct labor hours × overhead rate  ..................1

put here value in equation 1 we get

total amount of overhead applied = 8200 × $32.40

total amount of overhead applied = $265680

3 0
2 years ago
Successful firms of today would ?
MaRussiya [10]
The correct answer that would best complete the given statement above would be: EMBRACE CHANGE. Successful firms today would embrace change. Hope this answer helps.
This question supposed to have given options which are the following:
a.embrace change 
b.focus on generating short-term profits 
c.take risks
d.avoid new opportunities if what they are currently doing works <span>well</span><span>.
Thank you for posting your question.</span><span /><span /><span />
8 0
3 years ago
The Kwok Company’s inventory balance on December 31, 2021, was $215,000 (based on a 12/31/2021 physical count) before considerin
Eduardwww [97]

Answer:

$274,000

Explanation:

As per the data given in the question,

Particulars                                                                                     Amount

Inventory balance before considering following items         $215,000

Adjustments:

1) According to FOB destination, ownership passes to buyer at receipt of goods $-

2) According to FOB shipping point, ownership passes to buyer at the point of shipment                                                                                     $27,000

3) According to FOB destination, ownership passes to buyer at receipt of goods                                                  

                                                                                                    $32,000

4) As goods received before period close, no adjustment is required $-

5) According to FOB shipment, ownership passes to buyer at receipt of shipment $-

Correct inventory amount to be reported in Kwok's 2021 balance sheet  

= ( $215,000 + $27,000 + $32,000) =  $274,000

8 0
2 years ago
Which of the following best explains the quote below in terms of political propaganda?
Sphinxa [80]
<span>D. Goethe meant that people who speak out about political issues should thoroughly understand the issues they are taking about.
</span>
4 0
3 years ago
Read 2 more answers
Adam kisses the sleeve of Eve’s blouse, an act to which she did not consent. Has Adam committed a tort and if so, which one? Exp
FromTheMoon [43]

Answer:

Yes, Adam committed a tort.

Explanation:

In the situation, when Adam kisses the sleeve of Eve's blouse but without her consent, he committed  a tort. A tort can be defined as a civil wrong which harm other. Here, Adam's act of kissing the sleeve was an invasion of Eve's privacy. It also caused her emotional distress. Therefore Adam has a legal liability in this case as it is tort.

8 0
2 years ago
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