Answer:
$143,600
Explanation:
Calculation for The total amount of cash expected to be received from customers in November
Junior Snacks
October credit sales collected $77,000
(55% *$140,000)
Add November credit salescollected $66,600
(45% * $148,000)
Total Cash collected in November$143,600
($77,000+$66,600)
Therefore the total amount of cash expected to be received from customers in November is: $143,600
Hey!
Answer: Errors
When you proofread, you're just looking over the reading making sure that there's no errors such as bad punctuation and bad grammar. And also the typographical errors.
- mistakes in grammar
- spelling
- style
- typographical errors
That would be some of the four that you would look at when you proofread. Hope this helps.
Answer:
I looked for the missing numbers and found the following question:
Your company currently has $1,000 par, 6.5% coupon bonds with 10 years to maturity and a price of $1,078. If you want to issue new 10-year coupon bonds at par, what coupon rate do you need toset? Assume that for both bonds, the next coupon payment is due in exactly six months.
We need to calculate the yield to maturity (YTM) of the current bonds. Since the bonds pay interests every 6 months, then the coupon = $32.50
YTM = {coupon + [(face value - market value)/n]}/[(face value + market value)/2]
YTM = {32.5 + [(1,000 - 1,078)/20]}/[(1,000 + 1,078)/2]
YTM = 28.6 / 1,039 = 0.275 x 2 = 5.5053% ≈ 5.51%
In order to sell the new bonds at par, the coupon rate must be 5.51%
D) Can be submitted online or by mail
Answer:
Total interest = 1239.12
Explanation:
Assume;
Loan amount = P
Annual payment = X
P[1st payment] = X/[1+0475]⁸
P[1st payment] = X/[1.0475]⁸
P[5th payment] = X/[1+0.0475]⁴
P[5th payment] = X/[1.0475]⁴
P[5th payment] = 699.68
So,
X = 699.68[1.0475]⁴
X = 842.39
P = (842.39/0.0475)(1 – 1/1.0475⁸)
P = 5,500 (Approx)
Total interest = [842.39 x 8] - 5,500
Total interest = 1239.12
