Benefits are offered by employers to attract good employees

Apisco Tiger Inc. has a 6.6 percent semi-annual coupon bond outstanding. There are 183 days from the last coupon date to the nex

hram777 [196]

Answer:

Calculate the dirty price.

Here, coupon interest is compounded semiannually. Hence, divide coupon rate by 2.

Dirty Price = Bond Clean Price + Accrued Interest

Dirty Price = Bond Clean Price +(Face Value X Coupon Rate/2 X Day Count/ Total Days

Dirty price = 1026 + (1000 x 6.6%/2 x 74/183)

Dirty price = $1,039.34

5 0

3 years ago

During its first year of operations, Mario Lupo formed Lupo Company as a corporation and personally invested $15,000 in the busi

prohojiy [21]

Answer:

c. $25,000

Explanation:

Calculation to determine At the end of the year, the company's equity totaled:

First step is to calculate the Net income using this formula

Net income= Revenues- Expense

Let plug in the formula

Net income= 35000-23000

Net income=12000

Second step is to calculate Net income added to capital using this formula

Net income added to capital = Net income-Cash dividend

Let plug in the formula

Net income added to capital=12000-2000

Net income added to capital=10000

Now let determine the Ending company total equity using this formula

Ending company total equity= Opening invested capital + Net income added to capital

Let plug in the formula

Ending company total equity=15000+10000

Ending company total equity=$25000

Therefore At the end of the year, the company's equity totaled:$25,000

4 0

3 years ago

Identifying groups of consumers (e.g., age, gender, income, education) who differ in their purchase behavior is the basic idea b

nalin [4]

Answer:

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7 0

3 years ago

Minden Company is a wholesale distributor of premium European chocolates. The company’s balance sheet as of April 30 is given be

Anettt [7]

Answer:(1a) schedule of cash collected $221,800, schedule of cash disbursement for merchandise purchase $118,900 (1b) cash budget closing balance $19,260 (2) Net income $26,410 (3) Balance sheet Total Asset $364,510, Total Liabilities &Equity $364,510

Explanation:

Schedule of cash collected

Sales. 257,000

Less:Cash sales. 77,100

------------

Credit sales. 179,900

Cash collected in May

Credit sales( 50% ) 77,100

Account Receivable 54,750

May sales (179,900 × 50%) 89,950

---------------

Total cash collected. 221,800

-------------------

Schedule of cash disbursements for merchandise

Cash paid for May purchases (121,000×40%) 48,400

Cash paid for April purchases. 70,500

--------------

Total purchase payment for May. 118,900

-----------------

Cash Budget

Opening balance. 9,600

Add: Receipt

Collection from customers 221,800

Bank loan. 22,000

--------------

Total cash available. 253,400

Less: Disbursements

Purchase payment 118,900

Selling Expenses. 83,700

Note payable. 18,100

Interest on Note payable 340

Purchase of refrigerating equipment 13,100

----------------

Total Disbursement. 234,140

----------------

Closing Balance. 19,260

----------------

Minden company

Budgeted income statements for the month of may

Sales. 257,000

Cost of good sold

Beginning inventory 53,750

Add: purchases. 121,000

---------------

Goods available for sale 174,750

Less: Ending inventory. 31,000

-------------

Cost of good sold. 143,750

----------------

Gross Margin. 113,250

Selling & Administrative Expenses

(83,700 + 2,800) 86,500

---------------

Net operating income. 26,750

Less: interest expense. 340

----------------

Net income. 26,410

------------------

Budgeted Balance sheet

Asset

Cash. 19,260

Account Receivable 89,950

Inventory. 31,000

Building & Equipment

Net of Deprecation.

(214,000 + 13,100 - 2,800) 224,300

-----------------

Total Asset. 364,510

------------------

Liabilities & Equity

Account Payable(121,000 × 60%) 72,600

Note payable. 22,000

Common Stock. 180,000

Retained Earnings( 63,500 + 26,410) 89,910

------------------

Total Liabilities & Equity. 364,510

------------------

8 0

3 years ago

Topline is a department store chain and does business in many countries. The store managers had complained that they would like

Harlamova29_29 [7]

Answer: From centralization of authority to decentralization.

Explanation:

Centralization is when decisions are taken by the bosses or those at the top tier in the workplace. Decentralization is when lower level staffs are involved in making decisions in a company.

Since Topline moved away from the centralization to the president giving authorities to the local store managers, this represents centralization of authority to decentralization.

3 0

3 years ago