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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

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Answer:

Since the FICA tax is split equally between employers and employees, we can conclude that the incidence of this tax is also equally shared.

a. True

Explanation:

The incidence of the FICA tax refers to the extent to which an individual employee or the employing organization suffers from the imposition of the FICA tax.  In the final analysis, the incidence may not be borne by the organization but consumers of its goods and services, depending on the elasticity of demand.  Employers and employees usually split the FICA tax equally.  The FICA (Federal Insurance Contribution Act) refers to the federally mandated tax for Social Security and Medicare.

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2 years ago
While similar in some respects, the key difference between panel data and pooled cross-sectional data is that panel data consist
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Answer:Yes

Explanation:

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In pooled cross section, random samples from different time periods and from different units are taken e.g. we can take data on number of females and males in schools A, B and C in 2020 and schools X, Y and Z in 2023.

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2 years ago
Jake owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bot
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Answer:

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Ex: If the double value is 3.1, then the output is: 3.

Explanation:

<h2>plz bhai mera answer ko brainliest kar do..</h2>
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2 years ago
Peter Parker, the HR vice-president of a well-known IT firm, called his team members for a meeting to discuss the measures to be
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In this example, the reached consensus is an example of groupthink, since the team members did not critically evaluate the troublesome issue.

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An employee has a claim on the cash flows of Martin’s Machines. This claim is defined as a claim by one of the firm's:
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Answer:

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