Answer:
YTM = 6.13%
Explanation:
As we know that: YTM = [C +(F-P/n) ] / (F+ P) / 2
where C= Coupon payment = 1000 * 6% = $60.
F = face value of bond = $1000
P= Price of bond = $ 981.45
n= Years to maturity = 24 years
Solution:
YTM = 60 +[ (1000-981.45) / 24] / (1000+981.45) / 2
=( 60 + .7729) / 990.72
= 60.7729 / 990.72
= 6.13%
generic brand because some private brands are expensive
In this scenario, the buying decision of Matt
is likely to be influenced by an opinion leader. Sandy is
considered as an opinion leader because he is a car enthusiast and owns several
cars which mean he has a wide knowledge about cars. Matt will be confident that
Sandy will be able to give a reasonable opinion about the cars.
Answer:
Explanation:
1. Measuring net income for a merchandiser is conceptually the same as for a service company. TRUE
2. For a merchandiser, sales less operating expenses is called gross profit.
FALSE
For a merchandiser,sales subtracted from cost of goods sold is called gross profit.
3. For a merchandiser, the primary source of revenues is the sale of inventory.
TRUE
4. Sales salaries and wages is an example of an operating expense. TRUE
5. The operating cycle of a merchandiser is the same as that of a service company.
FALSE
A perpetual inventory system continuously leeps detailed records of the cost of the each purchase and sale. It shows the inventory that should be on hand for energy item.
