Actually the quartile represents in what rank or order the
team is when all the goals per team is arranged in ascending order. So for
example since the team is on the first quartile, so this means it is on the 25%
of the ranking. Hence we can say that:
“the team scored fewer goals per game
than 75% of the teams in the league”
Answer:
1. $550,000
Explanation:
1. It is given in the question that the stated interest rate and the market interest rate both are having the same rate, i.e, 12%.
Hence, the bonds are issued at the face value that is $550,000.
2. The Journal entries are as follows:
(i) On January 1,
Cash A/c Dr. $550,000
To bonds payable $550,000
(To record the bond issuance)
(ii) On December 31,
Interest Expense A/c Dr. $66,000
To cash A/c $66,000
(To record the first interest payment on December 31 assuming no interest has been accrued earlier in the year)
Workings:
Interest expense = $550,000 × 12%
= $66,000
Explanation:
Yes it is true that the advertisements during the children's program are responsible for increasing the craving of children for junk food which contains high calorie, high fat, high sugar and and low nutritional values.
These negative food habits are causing the obesity in the young children in the United States. The USDA has updated its "MyPlate" in 2011 to give information about the right food habits which are good for nutritional value to the U.S citizens.
Answer:
Payback Period = 4 Years
Net Present value = $15692
Internal Rate of Return = 17.82%
Modified Internal Rate of Return = 14.20%
Explanation:
Payback Period = (Initial Investment / Net Cash inflows)
Payback Period = $61500/15000 = 4 Years
Net Present value using PVIF table value at 11% over the period and discount them given cash flows gives us discounted cash flows.
Year CF PVIF 11%,n Discounted CF
0 -61500 1.000 (61,500)
1 15000 0.901 13,514
2 15000 0.812 12,174
3 15000 0.731 10,968
4 15000 0.659 9,881
5 15000 0.593 8,902
6 15000 0.535 8,020
7 15000 0.482 7,225
8 15000 0.434 6,509
Summing up the discounted Cash flows gives us the Net Present value of $15692
Internal Rate of Return:
Using Excel Function IRR @ 17.82% applying it on cash flows gives the rate where Present value of Cash flows is Zero.
Modified Internal Rate of Return:
Modified internal rate of return is at the level of 14.20% as it lower than IRR because it assume positive cash flows invested at cost of capital.
