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ZanzabumX [31]
3 years ago
10

Caribbean Reef Software has 8.4 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments

and currently sell for 95.5 percent of par. What is the YTM
Business
1 answer:
Zepler [3.9K]3 years ago
5 0

Answer:

9.14%

Explanation:

Calculation for YTM

First step is to use financial calculator to find the I which represent Interest rate

FV = 1,000

PMT= 1,000*8.4%/2= 42

N= 9years*2= 18

PV= -955

Hence,

I= 4.57%

Now let calculate YTM

YTM = 4.57%*2

YTM =9.14%

Therefore YTM will be 9.14%

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Lin Co., a distributor of machinery, bought a machine from the manufacturer in November for $10,000. On December 30, Lin sold th
Arisa [49]

Answer:

B. $0

Explanation:

he transaction between Lin and Zee appears to be a conditional sale. The reason being that zee hardware has the right to return the machine if unable to resell it. According to their agreement, should Zee hardware return the machine, its obligation to Lin will be zero.

As per Lin's assessment, and based on their previous transactions,  the probability of Zee returning the machine is very high. Lin is sure that Zee hardware will not sell the machine. For this reason, Lin should not record the transactions as a sale.

3 0
3 years ago
During its first year of operations, Mack's Plumbing Supply Co. had sales of $3,250,000, wrote off $27,800 of accounts as uncoll
ArbitrLikvidat [17]

Answer:

482.500

Explanation:

With the direct write-off method all accounts when detected as uncollectible, the amount of the client's debt is charged to the expense, while an estimate is made with the allowance method (this method is the most accepted accounting)

The direction of these methods in this case is translated in this way

allowance method 3,250,000 X 1% = 32,500.

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Net result 487,500 minus 4,700 = 482,800

3 0
3 years ago
A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarian
mezya [45]

Answer:

Explanation:

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2 years ago
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Olegator [25]

Answer:

a. Resources

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I hope my answer helps you

3 0
3 years ago
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Amanda [17]

Answer: Option (E)

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