Answer:
Longly will receive $1,817.43 from selling the bond.
Explanation:
As the coupon rate is 8%; we have annual coupon payment = 2,000 x 8% = $160.
The price of the bond Longly will receive is equal to the present value of 20 annual coupon payment plus the present value of $2,000 face value repayment in 20 years time; with the two streams of cash flow discounting at the market rate at the date of issuing 9%; which is calculated as:
[ ( 160/9%) x [ 1 - 1.09^(-20) ] ] + ( 2,000 / 1.09^20 ) = $1,817.43.
So, the answer is $1,817.43.
A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.
Correct option is (b): angular unconformity
The contact between the breccia and the underlying granite is an example of angular unconformity
Breccia is a type of sedimentary rock which is composed of large angular broken fragments of minerals or rocks cemented together by a fine-grained matrix.
In the Italian language ,Breccia word means "rubble". A breccia may have a variety of different origins, as indicated by the named types including sedimentary breccia, igneous breccia, impact breccia, tectonic breccia and hydrothermal breccia.
Granite is a coarse-grained intrusive igneous rock which is composed of quartz, alkali feldspar, and plagioclase. It forms from magma with a high content of silica and alkali metal oxides that slowly cools and solidifies underground
To know more about breccia here:
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Answer:
When goods were sold to Shiva :
Shiva A/C Dr Rs.10,000
To Sales A/C Rs.10,000
(Being goods sold to Shiva)
When goods are being returned by Shiva :
Sales Returns A/C Rs.2000
To Shiva A/C Dr Rs.2000
(Being goods returned by Shiva)
When Cash is received from Shiva :
Cash A/C Dr Rs.8000
To Shiva A/C Rs.8000
(Being Cash received from Shiva)
HOPE THIS HELPS!!!
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Answer: $40,800
Explanation:
Each unit requires 2 hours of direct labor.
1,020 units would therefore require:
= 1,020 * 2
= 2,040 hours of labor
The direct labor rate is $20 per hour. If there are 2,040 hours to be worked, the cost would therefore be:
= 20 * 2,040
= $40,800
