Answer: The coupon rate is 13%
Explanation:
We would first calculate the Coupon Payment and then later using the coupon payment we would compute the Coupon rate.
PV = + A []
Where,
FV = $1,000
PV = $1,291.31
r = 8%
N = 8 Years
A = Coupon Payment
1291.31 = + A
Solve for A
A = 130.69
The coupon payment is $130
Coupon rate = (Coupon payment / Face value) x 100
= x 100
= 13 %
Answer:
B. cell phone
Explanation:
Out of all the following costs, the most likely not to be included in a bill from the university for a college student living on campus is "Cell Phone."
This is because except a student is on full scholarship, Tuition is a must cost to be included in the bill.
Also, student fees that cover extra costs like insurance, and health care are usually included in student bills.
Similarly, the housing cost covers a hostel or off-campus accommodation for students. Hence it is also included in the student bill.
Hence, the correct answer is the cost of a "Cell phone." Which doesn't concern the school whether a student has or not.
Answer:
Note: The organized question is attached
<u>Description of each transaction</u>
1. Merchandise purchased on account as a cost of $39,200, which is $40,000 less 2% discount of $800
2. Paid fright charge of $450
3. An allowance or return of merchandise was granted by the seller, $4,900, which is an invoice amount of $5,000 less 2% discount of $100
4. The balance due of $34,300 ($39,200 - $4,900) was paid within the discount period
Answer:
Glass ceiling effect
Explanation:
Nicola is experiencing the glass ceiling effect,which is a barrier or resistance to the efforts of women and minorities to reach the top ranks of management in major corporations. This term refers to gender gap in managerial or executive positions in an organization that is faced by women and minorities even though they are well qualified for such positions. women in such organizations find themselves unable to advance beyond a certain level of management.