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
Serggg [28]
3 years ago
11

IBM issues bonds with a sinking fund provision that the company can call 7% of the bonds at par value or the company can buy the

required bonds on the open market. IBM will choose to buy the required bonds on the open market if the bonds are traded at ______ in the market. Select one: a. $1850 b. $1116 c. $ 990 d. $1049 e. $1053
Business
1 answer:
Licemer1 [7]3 years ago
8 0

Answer:

c. $990

Explanation:

I am assuming that the par value of the bonds is $1,000. If the market price of the bonds is above $1,000, IBM can choose to redeem them at par value. E.g. if market value is $1,049, they can redeem them at $1,000 resulting in a $49 gain.

But if the bonds are selling below par value (under $1,000), then IBM should redeem them at market price since they will spend less money. E.g. if the market price is $990, why would they buy them at $1,000?

You might be interested in
Marketing in foreign markets can require altering the goods or services offered to meet the taste of local customers. therefore,
ziro4ka [17]

<u>Global marketing mix</u> that includes different strategies and types of ads based on the target market.

8 0
2 years ago
Give an example of a time where you used Physical Capital to make or create something.​
MakcuM [25]

Answer:

cash is one example of a physical capital

7 0
3 years ago
7. Sandra owns stock in XYZ Company. She has voting rights, therefore, she must own
AleksAgata [21]

Answer:

Common stock

Explanation:

Common stock can likewise be referred to as a voting stock. Common stock for the most part conveys with it the privilege to decide on business element matters, for example, choosing the top managerial staff, building up corporate destinations and approach, and stock parts. Similarly, common stock can be broken into casting a ballot and non-casting a ballot classes.

5 0
3 years ago
Bonita and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 11400 units of ending work
ratelena [41]

Answer:

The equivalent units for conversion cost are 28080.

Explanation:

Firstly, we need to find our how much units are being sold

Units Sold= physical units - ending units

Units sold= 31500 - 11400 = 20100

Then we need to add units sold with percentage completion of ending units in order to find out equivalent units for conversion cost

Formula:

Equivalent units for conv. cost= units sold + (%completion of ending units)

Equivalent units for conv. cost= 20100 + ( 70% ×11400)

Equivalent units for conv. cost= 20100 + 7980

Equivalent units for conv. cost= 28080

8 0
2 years ago
Using the information below for Sundar Company; determine the total manufacturing costs added during the current year:
defon

Answer: $96,500

Explanation:

Manufacturing cost includes all the costs that went into production in a period including direct costs and manufacturing overhead:

= Direct materials + Direct labor + Manufacturing Overhead

Manufacturing overhead = Beginning work in process + Factory overhead - Ending work in process

= 11,200 + 52,600 - 11,800

= $52,000

Manufacturing cost = 19,500 + 25,000 + 52,000

= $96,500

3 0
2 years ago
Other questions:
  • The manager of the Beach Division of Treat Time is evaluating the acquisition of a new mobile ice cream server. The budgeted ope
    9·1 answer
  • Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have
    6·1 answer
  • g The economic perspective focuses largely on marginal analysis, which means analyzing Multiple Choice peripheral elements of a
    8·1 answer
  • Hoping to increase the chances of reaching a performance goal, the director of a research project has assigned three separate re
    11·1 answer
  • HELP!!!
    12·1 answer
  • Shen and Valerie are building their portfolios. Shen purchases shares in a mutual fund and pays fees to a manager who actively m
    12·1 answer
  • A car rental cost $90.00 last year. This year it cost $102.99. What is the inflation rate, to the nearest tenth percent?
    6·1 answer
  • Why should you purchase insurance?
    5·1 answer
  • The following happens when a composer shortens a musical idea by using only a part of it:
    8·2 answers
  • As a holder of a share of common stock, you are A) entitled to a portion of the firm's revenues. B) entitled to a portion of the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!