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irinina [24]
3 years ago
12

AB Builders, Inc., has 16-year bonds outstanding with a par value of $2,000 and a quoted price of 99.727. The bonds pay interest

semiannually and have a yield to maturity of 6.56 percent. What is the coupon rate
Business
1 answer:
galben [10]3 years ago
6 0

Answer:

6.54%

Explanation:

Face Value = $2,000

Current Price = 2000 x 99.727% =  1994.54

YTM = 6.56%

We can find the coupon rate by a simple formula

Coupon Rate = (Interest / Face value) x 100

We need to find interest first in order to find coupon rate

YTM = Interest / Current price

6.56% x 1994.54 = Interest

130.84 = Interest

Coupon Rate = (130.84 / 2000) x 100

Coupon Rate = 6.54%

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Houpe Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
jarptica [38.1K]

Answer:

Effect on income= -$2,100

Explanation:

Giving the following information:

Contribution margin $ 98

Increase in variable cost= $5

Increase in sales= 300 units

<u>To determine the effect on income, we need to use the following formula:</u>

Effect on income= increase in contribution margin for new sales - increase in variable costs

Effect on income= 300*93 - 6,000*5

Effect on income= -$2,100

3 0
2 years ago
1.5 marks
ratelena [41]

Answer:

C) 15 months

Explanation:

As per the law, a company with two or more shareholders must hold an Annual AGM every year.  The AGM for a new company must be held within the first nines months after the financial year.

The AGM for an existing company must be held not later than six months after the end of a financial year. However, the law has set 15 months as the maximum gap of time allowed between two general meetings.

3 0
2 years ago
Once you've found your target market, your business is on track, and your customers seem satisfied, ongoing market research can
Murljashka [212]

Answer:

1st question: B. inform you of coming trends.

Even after understanding your customer segment and satisfying your customers, you have to keep up with the market trends and the changing needs of customers if you need to be successful.

2nd question: C. Provide check boxes for each choice.

A simple question and check box type questionnaire is the best way to get customer feedback as it consumes less time to fill.

Explanation:

4 0
3 years ago
Davidson international has 13,700 shares of stock outstanding at a price per share of $28. the firm has decided to repurchase 50
alexdok [17]

The shareholder equity is equal to:

$28/share * 13 700 shares = $ 383,600

This is the total capital of Davidson International. Now, assuming that there is no additional income since it is not implied in the problem, the total equity does not change. However, the shares become: 13,700 + 500 = 14 200 shares.

Price per share now becomes:

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6 0
3 years ago
Total 0 1 to 30 31 to 60 61 to 90 over 90
natulia [17]

Answer:

a. $25,650

b. Journal entries

Explanation:

The computation is shown below:

a. The balance of the Allowance for Doubtful Accounts is

=  Total account receivable × estimated percentage

= $570,000 × 4.5%

= $25,650

b. The adjusting entry is as follows

Bad Debt Expense  $13,650       ($25,650 - $12,000)

         To Allowance for Doubtful Accounts $13,650

(Being the bad debt expense is recorded)

c. The adjusting entry is as follows

Bad Debt Expense  $26,650       ($25,650 + $1,000)

         To Allowance for Doubtful Accounts $26,650

(Being the bad debt expense is recorded)

4 0
3 years ago
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