Answer and Explanation:
The computation is shown below:
Given that,
Price = $97.75
Time = 182 days
Face value = $100
Based on the above information
1) bank discount rate is
= (Face value - price) ÷ Face value × 365 / Time
= ($100 - $97.75) ÷ 100 × (365 / 182)
= 0.0225 × 2.005494
= 0.0451 (or) 4.51%
2) equivalent yield to maturity
= (Face value ÷ price)^365 ÷ Time - 1
= ($100 ÷ $97.75)^365 ÷ 182 -1
= 0.04669 (or) 4.66%
Answer:
Amount in flexible budget of cost of direct material for the month of November shall be $93,456
Explanation:
Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.
Here, for the month of November
Actual activity = 7,920 units
Standard material cost = $11.80 per unit
Amount in flexible budget based on actual quantity of output shall be
7,920 
$11.80 = $93,456
Actual cost = $93,926
Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456
The complete sentence is given below:
Sam believes in rewarding his employees for their hard work, he is acting as a MANAGER, when he processes their merit raises promptly on their hire day anniversaries.
The manager of an organization is the one responsible for handling all the processes that has to do with increasing employees' salaries. So, when an employer sees to prompt processing of salary increase, he is acting as a good manager.
Answer:
1. True
2. True
3. False
4. True
5. False
6. True
7. True
Explanation:
1- Bond are a form of interest bearing notes payable, they are used by and corporations (also issued by them), universities and governmental entities as well.
2- Secured bond is a type of bond that is secure by the issuer`s pledge of a specific asset and that is a form of collateral on the loan.
3- It is the opposite, whenever a bond is unsecured, it can be referred to as a debenture, this kind of bond generally have a more specific purpose, they are typically issued to raise capital to meet the expenses of a project or to pay for a expansion in business.
4- Conversion are features added to bonds because it able to them to lower the coupon rate on debt and to delay dilution. It gives the holder the option to convert or exchange the bonde for a predetermined number of shares in the issuing company, they also have lower interest rate what is more attractive to bond buyers.
5-The rate used to determine the amount of cash interest the borrower pays is called the coupon rate.
6- The rate of interest the bond issuer will pay quoted as the face value of the bond is expressed as a percentage, for example: a 4% coupon rate means that bondholders will receive 4%* $1000 (face value) = $40 every year.
7- The present value of a bond is determinate by an amount you have been promised to receive in the future, but valued today, so if you want to sell it then you should sell it taking into consideration its present value.
Answer:
3. Most top managers at family firms tend to stay in their positions much longer than those at nonfamily firms.
Explanation:
A key success factors in family firms is understanding the culture. This is usually the foundation of the business.
So when family members occupy a position, they tend to stay on much longer because they have intimate knowledge of the business and the goals and objectives are personal to them.
Also loyalty tends to play a part, family members have close relationships which are long-term.
