Answer: 0.05628 = 5.628%
The minimum yield that Mary could receive is 5.628%
Explanation:
Using the YTM (yield to maturity) formula
YTM = C + (f - p) /n ÷ (f+p) /2
C = coupon rate ; 4% of 1,100(par value) = 4/100 × 1,100 = 44
f = face value ( par value) = 1,100
P = market price = 1021.50
n = number of years = (10 - 5)= 5years : since the bond could be called at the end of 5 years.
YTM = 44 + (1,100 - 1,021.50)/5 ÷ (1,100+1,021.50)/2
YTM = 44 + ( 78.5)/5 ÷ 2121.5/2
YTM = 59.7/1,060.75
YTM = 0.05628
= 5.628% as the minimum yield Mary could receive.
<u>Answer:</u> When a company employs a varied workforce of both men and women, people of many generations, and people from ethnically and racially different backgrounds, it is called workplace diversity.
<u>Explanation:</u>
Workplace diversity means when the organisation recruits employees from different backgrounds such as age, gender, ethnicity, religion, caste etc. By hiring people from different backgrounds the company has the benefits of hiring a pool of talented and skilled workers.
Creativity increases in the organisation for solving problems and different types of ideas can be brainstormed. The organisation can also understand the global market. Problems are solved quickly and it gives competitive advantage for the company in the market.
Answer:
Date Description Dr. Cr.
Dec 31 Sales discounts $200
Allowance for sales discounts $200
Explanation:
Expected sales discounts. $10,000 × 2% = $200
As the discount is expected and according to the accrual accounting concept the expenses accrued or expected to incurred should be recorded in the period in which revenue of that expense is recorded. Discount of 2% is expected to be availed by the customer amounting sales of $10,000. and it will be availed after year end as discount period will end after year end.
Answer:
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Explanation:
1. To define unacceptable behavior.
2. To provide certainty & stability.
3. To protect the public.
4. To provide mechanism for businesses to resolve disputes.
5. Law gives everyone a framework for how to ace and operate.
6. To make better decisions.
7. To sue & be sued.
8. To balance harm done by the offender against the individual and society at large.
9. To collect and generate revenue from the masses.
Just need one more sorry
