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Inessa05 [86]
3 years ago
9

On January 1, 2010, Broker Corp. issued $3,000,000 par value 12%, 10 year bonds which pay interest each December 31. If the mark

et rate of interest was 14%, what was the issue price of the bonds
Business
1 answer:
VMariaS [17]3 years ago
6 0

Answer:

$2,686,898

Explanation:

The computation of the issued price of the bond is as follows;

= Maturity value present value + interest payment maturity value

= $3,000,000 × 02697 + (($300,000 × 0.12) × 5.2161)

= $2,686,898

The 0.297 represent the PVF at 14% for 10 period

5.6502 represent the Present value of an annyity for 10 period at 12%

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djverab [1.8K]
Hello there,

A typical cost of a retirement would be the following:

Perhaps the "Car of the year".

Smaller House/Smaller apartment.

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4 years ago
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With increased access to wireless technology and lighter​ weight, the demand for tablet computers has increased substantially. T
lakkis [162]

Answer: The answer is as follows:

Explanation:

(1) When the consumers buy tablet computers, so this exchange will be occurs in the product market because there is a exchange of goods and services between the two parties that the buyer of tablet computers and seller of the same. Product market refers to the market at which there is a buying and selling of goods and services.

(2) Whereas the resources that are used to produce the tablet computers are bought and sold in the factor market. Factor market refers to the market in which there is a buying and selling of inputs that are used to produce certain products.

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3 years ago
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv
Svetllana [295]

Answer and Explanation:

a. The completion of the following table to reflect any changes in First Main Street Bank's T-account is shown below:-

<u>First Main Street Bank's Balance Sheet </u>

<u>Assets           Amount          Liabilities                         Amount</u>

Reserves     $750,000      Checkable Deposits       $750,000

b. The completion of the following table to show the effect of a new deposit on excess and required reserves is shown below:-

<u>Amount deposited</u>      Change in excess  Change in required

                                            <u>reserves</u>                     <u>reserves</u>

$750,000                            $600,000                    $150,000

                                  ($750,000 - $150,000)     ($750,000 × 20%)

3 0
3 years ago
Bell Ltd. is going out of business. It needs to pay off all its liabilities before it closes for good. It wants to convert some
bija089 [108]
This is called "convertible debt", or "convertible bonds"

Convertible debt can be converted to equity, or a piece of ownership in the company. It's worth noting that Bell Ltd will need to inform any buyers of convertible debt that it plans to go out of business, since this is a major piece of information for any creditors or would-be shareholders.
3 0
3 years ago
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The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent un
Talja [164]

Answer:

21,000 units

Explanation:

Prepare a reconciliation of physical units

<u>Inputs :</u>

Beginning Work In Process Units                                 5,000

Units Started during the period (<em>Balancing figure</em>)     21,000

Total                                                                              26,000

<u>Outputs :</u>

Completed and transferred out units                         22,000

Ending Work In Process Units                                       4,000

Total                                                                              26,000

Conclusion :

Thus,  number units started during November in the department was: 21,000 units

3 0
3 years ago
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