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zheka24 [161]
2 years ago
11

Stealth Fitness Center issues 7%, 15-year bonds with a face amount of $200,000. The market interest rate for bonds of similar ri

sk and maturity is 6%. Interest is paid semi-annually. At what price will the bonds issue
Business
1 answer:
Vladimir [108]2 years ago
8 0

Answer:

market price of bonds = $219,597.35

Explanation:

Since the coupon rate is higher than the market rate, the bonds will be sold at a premium.

PV of face value = $200,000 / (1 + 3%)³⁰ = $82,397.35

PV of coupon payments = $7,000 x 19.600 (PV annuity factor, 3%, 30 periods) = $137,200

market price of bonds = $219,597.35

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Answer:

C.

Explanation:

Market Orientation refers to a business approach that focuses on what the customers want and need and then creating the products to satisfy them. Therefore based on the information provided in this question it can be said that the likeliest answer is that Leyton Electronics Inc. satisfies its customers' wants and needs legally and responsibly.

6 0
3 years ago
Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value beca
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Answer:

C. include a credit to the equipment accumulated depreciation account.

Explanation:

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In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.

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3 years ago
Cheapo Corporation sells products that are poorly made. Marcia, who has never bought a Cheapo product, files a suit against the
galina1969 [7]

Answer:

standing

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Standing -

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The correct term is standing .

3 0
3 years ago
Which example would the government consider as intellectual property?
soldier1979 [14.2K]

Answer:

A

Explanation:

intellectual property

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7 0
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tekilochka [14]

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