Answer:
$605,000
Explanation:
According to the scenario, computation of the given data are as follows,
Face value = $605,000
Coupon rate = 6%
Rate of interest = 6%
As coupon rate and market interest rate is similar, then in this scenario issuance price of the bond is equals to face value of the bond.
Then, Issuance price of bonds = Face value of bonds
Issuance price of bonds = $605,000
Probably a hospital bill or groceries
Answer:
Selling syndicate members
Explanation:
Selling syndicate members is a term used in business or finance to describes part of a broker-dealers of a municipal bond issue. They are charged with the responsibilities of selling the bonds allotted to them.
From the sales of each bond, the total takedown, including the additional takedown is earned.
Hence, in this situation, the correct answer is Selling Syndicate Members
Answer:
The expected return on the portfolio is:
= 13.2%
Explanation:
a) Data and Calculations:
Portfolio
Stock Percentage Expected Weighted
Holding Returns Returns
Stock X 30% 11% 3.3%
Stock Y 20% 17% 3.4%
Stock Z 50% 13% 6.5%
Total 100% 13.2%
b) The expected return on the portfolio is the addition of the weighted returns from each investment. The weighted returns are obtained by multiplying the percentage holding of each stock with its expected returns.
Answer:
Dr Prepaid insurance 22,000
Cr cash 22,000
Dr Insurance expense 5,500
Cr Prepaid insurance 5,500
Explanation:
Preparation of Journal entries
Based on the information given we were told that Sandhill Company pays the amount of $22,000 to another company which is Cullumber Company for a 2-year insurance contract in which Both the companies have fiscal years that is ending December 31 which means that the Journal entry will be recorded as:
Dr Prepaid insurance 22,000
Cr cash 22,000
Dr Insurance expense 5,500
Cr Prepaid insurance 5,500
[(22,000*6/12)/2]
