Answer:
The solution according to the given query is summarized in the explanation segment below.
Explanation:
Given:
Face value,
= $508,500
Coupon rate,
= 6%
Bonds mature in years,
= 7
Now,
(a)
Issue price will be:
=
=
= ($)
(b)
Issue price will be:
=
=
= ($)
(c)
Issue price will be:
=
=
= ($)
Answer:
TRUE
Explanation:
acceptance of a contract becomes effective, regardless of the medium of sending and receiving the information.
Answer:
Credit the buyer $347.22, debit the seller $347.22
Explanation:
The journal entry is shown below:
Seller Dr $347.22
To Buyer $347.22
(Being the entry is recorded)
The computation is shown below:
We assume the starting month is from January to May 5
So the total number of days calculated till May 5 is
= 31 days in January + 28 days in February + 31 days in March + 30 days in April + 5 days in May
= 125 days
Now the amount is
= $1,000 × 125 days ÷ 360 days
= $347.22
Answer: Option (B) is correct.
Explanation:
Correct option: Any central bank purchase of assets results in an increase in the domestic money supply, while any central bank sale of assets causes the money supply to decline.
This is basically one of the monetary policy instrument which helps the central bank in order to control the money supply in the economy.
If central bank wants to contract the money supply then central bank sell some of the assets in the market to reduce currency in circulation. After the implementation of this policy, domestic consumers left with less cash in hand and hence they demand less.
On the other hand, if central bank wants to increase the money supply then central bank purchase some of the assets from the market to increase the currency in circulation. After the implementation of this policy, domestic consumers are with more cash in hand and hence they demand more.
∴ This is the statement that is most correct.
If the price of the item is $15.00 per unit and the employees costs $125 each, Three employees should the firm hire to maximize their profit.
How do firms maximize profit?
All firms maximize profits when their marginal cost is equal to the marginal product. This dollar amount should also be the selling price that maximizes profits.
What is meant by profit maximization?
Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns. Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.
What are the goals of profit maximization?
Profit maximization is the process by which a business arranges its prices and cost structure to achieve the highest possible profit. The central goal of the organization is to increase its profits
Learn more about profit maximization:
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