Answer:
2.45%
Explanation:
The computation of the fixed rate is shown below:
Years to maturity Zero coupon bond price YTM Forward rate
1 0.99 1.01%
2 0.97 1.53% 2.06%
3 0.93 2.45% 4.30%
The fixed rate should be equivalent to the YTM of the 3 year bond i.e. 2.45% the same is to be considered
Answer: Supply chain
Explanation: The sequence of steps taken by the company for production and delivery of the good or service produced is called supply chain.
In simple words, supply chain can be defined as the network a company shares with its suppliers to effectively distribute goods to the consumer.
From the above explanation we can conclude that the right answer is SUPPLY CHAIN.
Answer:
0.4
Explanation:
Given that,
Convenience store advertises 50% off frozen slushies: This means that the price of slushies decreases by 50%.
20% Fewer sales of fountain drinks: This means that the quantity demanded of fountain drink decreases by 20%.
Percentage change in the price of slushies = 50%
Percentage change in the quantity demanded of fountain drink = 20%
Cross price elasticity measures the responsiveness of quantity demanded for one good to any change in the price level of the other good.
Therefore, the cross elasticity between slushies and fountain drinks is as follows:
= Percentage change in the quantity demanded of fountain drink ÷ Percentage change in the price of slushies
= 20 ÷ 50
= 0.4
Therefore, the positive cross price elasticity indicates that these are the substitute goods.
Answer:
The Journal entry at the beginning of the year is as follows:
Estimated revenue A/c Dr. $1,342,500
Estimated other financing sources-Bonds proceeds A/c Dr. $595,000
To Appropriations control $960,000
To Appropriations-Other financing uses-operating transfer outs $532,500
To Budgetary fund Bal. $445,000
(To record entry at the beginning of the year)
