Answer:
12.41%
Explanation:
yield to call = {coupon + [(call value - market value)/n]} / [(call value - market value)/2]
0.05 = {150 + [(2,900 - market value)/8]} / [(2,900 - market value)/2]
0.05 x [(2,900 - market value)/2] = 150 + [(2,900 - market value)/8]
0.05 x (1,450 + 0.5MV) = 150 + 362.5 - 0.125MV
72.5 + 0.025MV = 512.5 - 0.125MV
0.15MV = 440
MV = 440 / 0.15 = $2,933.33
Claire's total returns = $150 (coupon) + ($2,960 - $2,933.33) = $176.67
Claire's return on investment = $176.67 / $2,933.33 = 6.02273%
effective annual yield = (1 + 6.02273%)² - 1 = 12.41%
Answer: 60.36%
Explanation:
Interest = Amount - Principal
= 14320 - 10500
= 3820
Time = 220 days
Rate = Unknown
Interest = PRT/100
3820 = (10500 × R × 220/365)/100
3820 = (10500 × R × 0.6027397)/100
3820 = 6328.7671R/100
Cross multiply
3820 × 100 = 6328.7671R
R = 382000/6328.7671
R = 60.36%
The ordinary interest rate was 60.36%
Answer:
The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.
The depreciation for the first 2 years is 4000*2= 8,000
So the book value of the asset is 40,000-8000= 32,000
Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000
To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.
24,000/3= 8,000
The depreciation expense in year 3 would have been $8,000
Explanation:
Answer:
County Medical Center
These unrestricted contributions of $22,000 used to support general services would be reported on the statement of cash flows as:
cash from operating activities.
Explanation:
Unrestricted contributions received by the County Medical Center are funds or other assets given to the Center with no restriction on their use. Unrestricted contributions are usually directed at the funding of operational expenses, as the County Medical Center demonstrated. Therefore, they are listed under operating activities in the Statement of Cash Flows.
