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Artemon [7]
2 years ago
15

anta Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and in

terest is paid once a year on December 31. The bond matures in three years. The annual market rate of interest was 10 percent at the time the bond was sold. The following amortization schedule pertains to the bond issued: Cash Paid Interest Expense Amortization Balance January 1, Year 1 $901 December 31, Year 1 $60 $90 $30 931 December 31, Year 2 60 93 33 964 December 31, Year 3 60 96 36 1,000 Required: 1. What was the bond's issue price
Business
1 answer:
monitta2 years ago
7 0

Answer:

$901

Explanation:

The bond issue price is the item shown on the amortization schedule which is $901 in this case.

However, we could recompute the bond price using a financial calculator bearing in mind that the financial calculator would be set to its default end mode before making the following inputs:

N=3(number of annual coupons in 3 years)

PMT=60(annual coupon=face value*coupon rate=$1000*6%=$60)

I/Y=10(annual market rate of interest for the bond is 10%)

FV=1000(the face value is  $1000)

CPT

PV=$900.53(closest to $901 when rounded to the nearest whole dollar amount)

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The five new production assistants at Hollywood Studios will attend an orientation meeting on their first day. During orientatio
Lera25 [3.4K]

Answer: Corporate

Explanation:

Corporate culture simply refers to the standards, shared values, attitudes, and beliefs by which the members of an organization are characterized.

The corporate culture is important in guiding how the employees of an organization think and act as it symbolizes the personality of the company shows its core beliefs. New employees are expected to know the corporate culture of an organization.

4 0
3 years ago
What is the percentage change in the PV of $100 due in 1 year when the interest rate changes from 5% to 10%?
son4ous [18]

Answer:

c. Decreases by 4.5%

Explanation:

Calculation for What is the percentage change in the PV

First step is to calculate the present value when r is 5%

PV = 100 / (1 + 5%)^1

PV = $95.24

Second step is to calculate present value when r is 10%

PV = 100 / (1 + 10%)^1

PV = $ 90.91

Last step is to calculate the percentage change in the PV

Percentage change in the PV = (90.91 - 95.24) * 100 / 95.24

Percentage change in the PV = - 4.55% (Decrease)

Therefore the Percentage change in the PV Decreases by 4.5%

3 0
2 years ago
Nominal gdp is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over t
shepuryov [24]

Nominal GDP is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over time because prices change.

Nominal GDP is an indicator used to understand a country's economy. It measures the current value of production of a country. But it cannot be considered as a good measure. One important drawback of Nominal GDP is that it cannot be used to make comparisons of production prices over time because it doesn't take inflation into account.

Nominal GDP works only with current prices and the price changes will not be seen when calculated through years.

So Real GDP is considered for comparisons of product prices over time.

Learn more about Nominal GDP at brainly.com/question/8151973

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4 0
1 year ago
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as foll
ch4aika [34]

Answer:

$5,225

Explanation:

Calculation for What should Tringali report as its deferred income tax liability as of the end of its first year of operations

Using this formula

Deferred income tax liability=Temporary difference-depreciation*Tringali's tax rate

Let plug in the formula

Deferred income tax liability= $20,900 * 25%.

Deferred income tax liability=$5,225

Therefore What Tringali should report as its deferred income tax liability as of the end of its first year of operations is $5,225

3 0
2 years ago
Write any two things that girls do earlier.​
olya-2409 [2.1K]
Wait what do you mean? do you mean like things girls can do earlier than boys? well i would say girls become more mature before boys do. Also, i would say girls can learn how to do hair earlier than boys. i’m sorry if that wasn’t your question but i’m just trying to help :)
7 0
2 years ago
Read 2 more answers
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