Answer:
a)J = 450,000 +(20% * C)
b)C =250000+ (50%*J )
c)J = 450000 + {20%* [250000+(50%*J)}
Explanation:
a)J = 450,000 +(20% * C)
This represent the total cost of Janitorial Department due to the fact that 450000 is a direct cost of janitorial department plus 20% of total cost of Cafeteria department allocated to Janitorial department.
b)C =250,000+ (50%*J )
This represent the total cost of cafeteria Department due to the fact that 250,000 is a direct cost of cafeteria department plus 50% of total cost of Janitorial department allocated to cafeteria department.
c)
Substituting the value of C determined in part b in part a
J = 450,000 + {20%* [250,000+(50%*J)}
Therefore in place of C in equation 1 ,the value of c determined in equation 2 is thereby substituted .
Answer:
is this a book if so send me a link
Explanation:
Answer:
The remaining part of the question is:
Which of the following statements are TRUE?
I New issues of Treasury Bills are generally priced at par
II New issues of Treasury Bonds are generally priced at par, or at a slight discount to par
III New issues of Agency Bonds are generally priced at par, or at a slight discount to par
A. I only
B. III only
C. II and III only
D. I, II, III
Correct Answer:
C. II and III only
Explanation:
It is a fact that virtually all new issues of T-Bills are always sold at a discount to par value. These are original issue discount obligations, with the accrued value of the discount being the interest income earned on these securities.
<em>Treasury Bonds and Agency Bonds are issued at par or in most cases at a very slight discount to par, and make periodic interest payments.</em>
Answer:
The amount customers are expected to pay $7600 per bond
Explanation:
8M implies that the municipal bond has $8000 as its par value.
The amount a customer would is 95% of the par value
Hence, customers are expected to pay $7600 (95%*$8000)
For instance a 5M at 105 means that the par value of the bond is $5000 but issued at 105%, which translates into $5250 without considering commissions as well as the accrued interest on the bond which might also be factored into the price.
Answer:
a. Does this create a disbursement float or a collection float?
A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.
b. What is your available balance?
your bank account balance = $135,000
c. What is your book balance?
book balance = $135,000 - $49,000 = $86,000
