1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vaieri [72.5K]
3 years ago
10

A T-bill quote sheet has 90-day T-bill quotes with a 5.77 ask and a 5.71 bid. If the bill has a $10,000 face value, an investor

could sell this bill for _____.
a. $9,857.25
b. $9,855.75
c. $9,859.21
d. $10,000
Business
1 answer:
Leona [35]3 years ago
6 0

Answer:

a. $9,857.25

Explanation:

Price = Face value * (1 - Bid*Days/360)

Price = $10,000 * (1 - 5.71%*90/360)

Price = $10,000 * (1 - 5.71%*0.25)

Price = $10,000 * (1 - 0.014275)

Price = $10,000 * 0.985725

Price = $9,857.25

You might be interested in
The changes in account balances for Elder Company for 2018 are as follows: Assets $ 680,000 debit Common stock 350,000 credit Li
hammer [34]

Answer:

Net income will be $160000

So option (c) will be the correct answer

Explanation:

We have given debt common stock = $680000

Credit liabilities = 350000

Credit paid in capital = 190000

And excess of par 30,000 credit Assuming the only changes in retained earnings

So 680000 = 350000+190000+30000+ retained earning

So retained earning = $110000

Dividend paid = $50000

So net income = dividend paid + retained earning = $110000+$50000 = $160000

So option (c) will be the correct answer

4 0
3 years ago
What happens to the matter and energy in fossil fuels when the fuels are burned? Help
Tatiana [17]
The fuel is exposed to heat and oxygen and it burns producing byproducts and heat. The heat is ultimately often used in an engine to reduce motion for transportation some other form of mechanical motion or Electricity
8 0
2 years ago
Jack corp. Has a profit margin of 5.1 percent, total asset turnover of 2.3, and roe of 19.64 percent. What is this firm's debt-e
anygoal [31]

Answer: Jack Corp's D/E ratio is 0.67.

We follow these steps to arrive at the answer:

We begin with the DuPont Identity for Return on Equity (RoE)

RoE = Net Profit Margin * Asset turnover Ratio * Equity Multiplier

Substituting the values from the question in the DuPont identity we get,

0.1964 = 0.051 * 2.3 * Equity Multiplier

Equity Multiplier = \frac{0.1964}{0.051*2.3}

Equity Multiplier = 1.674339301


Equity Multiplier = \frac{Total Assets }{Equity}

So,

\frac{1}{Equity multiplier} =\frac{Equity}{Total Assets}

Substituting the value of equity multiplier in the formula above we get,

\frac{Equity}{Total Assets} = 0.597250509

Now,

\frac{Equity}{Total Assets} + \frac{Debt}{Total Assets} =1

So,

\frac{Debt }{Total Assets} = 1 - \frac{Equity}{Total Assets}

\frac{Debt }{Total Assets} = 1 - 0.597250509


\frac{Debt }{Total Assets} = 0.402749491


Now that we have the proportions of debt and equity to total assets, we can  find the Debt Equity (D/E) ratio as follows:

\frac{D}{E} = \frac{\frac{Debt}{Total Assets}}{\frac{Equity}{Total Assets}}

Substituting the values we get,

\frac{D}{E} = \frac{0.402749491
}{0.597250509
}

\frac{D}{E} = 0.674339301


3 0
3 years ago
Blossom Company received a check for $28320 on July 1 which represents a 6 month advance payment of rent on a building it rents
grandymaker [24]

Answer:

D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.

Explanation:

When the Cash was received for 6 month`s Rent the entry was :

Debit : Cash  $28320

Credit : Unearned Rent Revenue $28320

At 31 July when 1 month`s rent expires the entry will be :

Debit : Unearned Rent Revenue (1/6 x $28,320) $4,720

Credit : Rent Revenue $4,720

thus

We reverse the liability - Unearned Rent Revenue and recognize Revenue for the month expired.

8 0
2 years ago
The Graber Corporation’s common stock has a beta of 1.8. If the risk-free rate is 5.8 percent and the expected return on the mar
Murljashka [212]

Answer:

16.96%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 5.8% + 1.8 × (12% - 5.8%)

= 5.8% + 1.8 × 6.2%

= 5.8% + 11.16%

= 16.96%

The (Market rate of return - Risk-free rate of return)  is also called market risk premium

3 0
3 years ago
Other questions:
  • On a recent concert tour, the Foo Fighters sang a number of classic songs from their past albums, in addition to playing songs f
    11·1 answer
  • Brief Exercise 24-2 Hsung Company accumulates the following data concerning a proposed capital investment: cash cost $216,758, n
    14·1 answer
  • If a company adds 60 new workstations at a cost of $100,000 each and also spends $20 million for addition in its camera/drone as
    5·1 answer
  • Dunwich is a small village; in 2014, its GDP was $10,000 and its population was 10 people. In 2015, GDP in Dunwich decreased to
    7·1 answer
  • The net pension liability (PBO minus plan assets) is decreased by: Multiple Choice Service cost. Expected return on plan assets.
    12·1 answer
  • Technology has made it possible for software to replace that
    14·1 answer
  • Assume that the full-employment level of output is $2,000 and the price level associated with full-employment output is 100. Als
    15·1 answer
  • How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
    5·1 answer
  • During the year, cost of goods sold was $320,000; income from operations was $304,000; income tax expense was $64,000; interest
    11·1 answer
  • An agricultural manager requires work
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!