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soldier1979 [14.2K]
3 years ago
9

After thirteen years as a laborer for Hendrix Construction, Jimmy was promoted to the position of foreman. He is directly respon

sible for assigning various jobs to his work crew and evaluating their performance on a daily basis. Jimmy is now a member of:
A. top management.
B. middle management.
C. supervisory management.
D. forward management.
Business
1 answer:
Lesechka [4]3 years ago
5 0

Answer: Jimmy is now a member of SUPERVISORY MANAGEMENT.

Explanation: Supervisory management in an organisation is defined as a person with the official task of overseeing the work of a person or group, or of other operations and activities.

They are directly responsible for supervising workers and evaluating daily performance.

They spend most of their time on technical and human relations skills.

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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
Veseljchak [2.6K]

Answer:

Bond price=$888.35

Explanation:

<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate</em>

<em>Value of Bond = PV of interest + PV of RV</em>

The value of bond for Local School District can be worked out as follows:

Step 1

PV of interest payments

PV = A × (1+r)^(-n)/r

A-annul interest payment:

= 7.5% × 1,000× = 75

r-Annual yield = 8.6%

n-Maturity period = 25  

PV of interest payment:

=75× (1- (1+0.086)^(-25)/0.086)

= 761.22

Step 2

<em>PV of Redemption Value</em>

= 1000 × (1.017)^(-25)

= $127.131

Step 3

<em>Price of bond</em>

=761.222 + 127.13

=$888.35

6 0
4 years ago
Consumers and businesses are able to purchase from governments and private companies, which are debt certificates. Investors can
Assoli18 [71]

Answer:

True

Explanation:

Debt certificate is a written agreement of purchasing a bond from a private company or government, it gives information regarding the maturity date, face value and principal amount. They are normally issued to consumers and business, but investors can also buy bonds or debt certificate by buying the right to loans and mortgages, it allows them to buy debt certificates.

5 0
3 years ago
Bebe Rexha has AGI of $100,000 and makes the following expenditures:
shutvik [7]

Answer:

$31000 will be allowed as expenditure

Explanation:

given data

Wheelchair  = $10,000

Whirlpool bath = $10,000

Maintenance =  $1,000

Increased utility bills =  $1,000

various home modifications = $10,000

solution

as here value of the home increased =  $1000

and that is  increaed utility bill of the whirlpool

so that expenditure will be added to value of asset

so  

total expenditure is = $10000 + $10000 + $10000 + $1000 =  $31000

so $31000 will be allowed as expenditure

7 0
3 years ago
Why does a stock dividend require a formal journal entry in the financial accounting records when a stock split does not?
adelina 88 [10]
<span>A stock split will not change the general ledger account balances and ... equity remains the same, astock dividend requires a journal entry to transfer an amount ...</span><span>
</span>
4 0
3 years ago
A firm has issued $20 million in long-term bonds that now have 10 years remaining until maturity. The bonds carry an 8% annual c
Anna71 [15]

Answer:

6.5%

Explanation:

Market value of Bond = Par value*bonds outstanding*%age of par

= 1000*20000*0.8771

= $17,542,000

Market value of firm = Market value of Equity + Market value of Bond

= $45,000,000 + $17,542,000

= $62,542,000

Weight of debt = Market value of Bond / Market value of firm

Weight of debt = 17542000/62542000

Weight of debt = 0.2805

Yield to maturity = Rate(Nper, pmt, -Pv, fv)

Yield to maturity = Rate(10, 80, -877.1, 1000)

Yield to maturity = 0.10001541

Yield to maturity = 10.00%

After tax cost of debt = Cost of debt * (1-tax rate)

After tax cost of debt = 10.00%*(1-0.35)

After tax cost of debt = 10.00%*0.65

After tax cost of debt = 6.5%

3 0
3 years ago
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