1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harman [31]
3 years ago
9

Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel

ling for $978. At this price, the bonds yield 7.4 percent. What must the coupon rate be on the bonds
Business
1 answer:
Kazeer [188]3 years ago
7 0

Answer:

7.06%

Explanation:

The computation of the coupon rate is given below:

Given that

FV is $1,000

PV is $978

NPER is 9

RATE is 7.4%

The formula is given below:

=PMT(RATE,NPER,-PV,FV,TYPE)

After applying the above formula, the PMT is $70.57

Now the coupon rate is

= $70.57 ÷ $1,000

= 7.06%

You might be interested in
Suppose that when a student is caught lying about completing his homework, he is not allowed to participate in afternoon recess
Gala2k [10]
<span>The correct answer should be D. Negative punishment.</span>
4 0
3 years ago
Patrick Rach International issued 5% bonds convertible into shares of the company's common stock. Rach applies U.S. GAAP. Upon i
Ludmilka [50]

Answer:

The correct answer is letter "B": The proceeds of the bond issue entirely as debt.

Explanation:

Under the U.S. General Accepted Accounting Principles (<em>GAAP</em>) the issuance costs of bonds are ignored for reporting purposes but the amount of sales revenues is recorded as debt. The amortization of the bond can be calculated using the <em>effective interest method</em> or the <em>straight-line method</em>.

6 0
3 years ago
Cleftell Inc., a coal mining company in the United States, is the only supplier of coal in its area. The company is backed by th
Katarina [22]

Answer:

Oligopoly

Explanation:

Oligopoly - it is referred to as a marketing structure in which there are few suppliers in the market and every supplier has its own unique function and unique control over the market.

In the given question, cleftell Inc is also one of that firm which has its own control over the market that is why government back them so that they will supply the coal in discounted rate as before

3 0
3 years ago
Based on predicted production of 17,000 units, a company anticipates $255,000 of fixed costs and $216,750 of variable costs. The
Arturiano [62]

Answer:

fixed costs = $255,000

variable costs = (15,000 / 17,000) x $216,750 = $191,250

Explanation:

A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.

Fixed costs should not change (that is why they are fixed), but variable costs should change if the actual output was different than the budgeted output.

6 0
3 years ago
Mountain Bikes, Inc. (MBI), and Nero enter into a contract for a sale of amountain bike. MBI, a merchant who deals in goods of t
elena-s [515]

Answer:

B) making warranties easier to understand.

Explanation:

The Magnuson Moss Warranty Act of 1975 governs consumer product warranties. Manufacturers are not required to offer product warranties, but when they do, they are required to provide clear and detailed information about warranty coverage. This law applies only to products, it doesn't apply to services.

3 0
3 years ago
Other questions:
  • The company that Layton owns, the Music Box, is a family-owned company that has been in business for more than 100 years. Layton
    14·1 answer
  • Lewis is the manager of the marketing department at his company. Some of his colleagues are also his friends. Lewis often lets h
    15·1 answer
  • Doctor Smith is contemplating the purchase of Dr. Johnson’s practice. Frank, his office manager, is about to prepare a worksheet
    12·1 answer
  • Which of the following is true regarding this economic model?
    13·1 answer
  • Trade associations provide all of the following except
    12·1 answer
  • What is pure competition?
    14·2 answers
  • A bond that pays interest annually yielded 7.25 percent last year. The inflation rate for the same period was 5.50 percent. What
    12·1 answer
  • The following units of a particular item were available for sale during the calendar year:
    10·1 answer
  • Valcarcel Corporation manufactures and sells one product. The following information pertains to the company’s first year of oper
    9·1 answer
  • Which descriptions offer examples of Distribution and Logistics workers? Check all that apply.
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!