1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
torisob [31]
3 years ago
14

Flint Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the mar

ket rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds
Business
1 answer:
aleksklad [387]3 years ago
4 0

Answer:

$414,282.91

Explanation:

The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :

FV = $440,000

PMT = ($440,000 x 9%) ÷ 2 = $19,800

P/yr = 2

N = 9 x 2 = 18

I/yr = 10%

PV = ?

Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91

You might be interested in
Sonny's Surfer Shop produces and sells custom surf boards. Assume that labor is the only input that varies for the firm. The fir
faltersainse [42]

Answer:

B) For the 11th worker, the value of the marginal product of labor is $4,000.

Explanation:

The marginal product of labor (MPL) of a company is the total change in output achieved by hiring an additional worker. To calculate the MPL we have to multiply the change in output (measured in units) times the revenue generated by every extra unit of output.

In this case, the MPL = 2 surfboards x $2,000 per surfboard = $4,000

5 0
3 years ago
Why are we forced to make choices in day-to-day life?
OLga [1]

Answer:

Because of resources are limited and we must decide

Explanation:

6 0
3 years ago
The government regulates financial markets for two main reasons:
mart [117]

B. to improve control of monetary policy and to increase the information available to investors

C. To ensure that financial intermediaries do not earn more than the normal rate of return and to improve control of monetary policy

Hope this helped ;)

8 0
3 years ago
Hazelwood Company had beginning inventory of $54,000. During the period the company purchased $109,800 of merchandise. At the en
Ilia_Sergeevich [38]

Answer:

$207000 is the sales revenue for the year.

Explanation:

The given situation is:

Sales Revenue                              100%

Cost Of Goods sold                     <u>  60% </u>

Profit Margin                                  40%

Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:

Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory

By putting values we have:

Cost Of Goods Sold = $54,000 + $109,800 - $39,600

Cost Of Goods Sold = $124,200

Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).

Sales revenue = Cost of goods sold  *    100% / 60%  

Sales revenue = $124200  * 100% / 60%  = $207,000

3 0
3 years ago
JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts.
Strike441 [17]

Answer:

a)

Annual demand = 75000 = D

S = ordering cost/set up cost = $53

d = daily demand = 75000/250 = 300

h = holding cost per unit per year = $25

p = Daily production rate = 320

optimal size of the production run =EPQ = sqrt((2*D*S)/(h*(1-(d/p))))

= sqrt((2*75000*53)/(25*(1-(300/320))))

= 2255.659549 = 2255.66 (Rounded to 2 decimal places)

b)

maximum inventory = EPQ*(1 - (d/p))

= 2255.66*(1 - (300/320))

= 140.97875

Avergae inventory = 140.97875/2 = 70.49

c)

Number of production runs = Annual demand/EPQ = 75000/2255.66 = 33.25

d)

Holding cost with EPQ = 2255.66 = 70.49*25 = 1762.25

With EPQ = 500, maximum inventory = 500*(1 - (300/320)) = 31.25

Holding cost with EPQ = 500, holding cost (31.25/2)*25 = 390.625

Savings = 1762.25 - 390.625 = 1371.625

6 0
3 years ago
Other questions:
  • The BASF Chemical Company in Germany has developed a new rubberized coating. The product has an application for cell phones and
    5·1 answer
  • The Uniform Commercial Code was written to achieve consistency in?
    15·1 answer
  • Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of unc
    5·1 answer
  • Culver Corporation has retained earnings of $718,500 at January 1, 2017. Net income during 2017 was $1,596,000, and cash dividen
    15·1 answer
  • What is the shortcut to switch back and forth between windows?
    12·2 answers
  • Money received from issuing bonds payable would be included as part of a company's financing activities on the statement of cash
    8·1 answer
  • Price discrimination is the practice of charging different prices for the same product that are not justified by cost difference
    8·1 answer
  • Poppy most likely qualified for a zero interest auto loan because:
    9·1 answer
  • A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products. The b
    6·1 answer
  • Arded
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!