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Aleks04 [339]
2 years ago
6

A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%

. Determine the cost of bond at closing.
Business
1 answer:
Anestetic [448]2 years ago
5 0

Answer:

$984.50

Explanation:

Cost of bond at closing = Par value * % Bond traded last

Cost of bond at closing = 1000 * 98.45%

Cost of bond at closing = $984.50

Thus,  the cost of bond at closing is $984.50

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If you were the head of marketing for Troon, what benefit would you receive from Mr. Westmark’s decision to implement TCO?
ololo11 [35]
<span>One benefit to Mr. Westmark's decision is that it gives customers more flexibility when it come to buying. Customers can exceed the company's net earnings and get a better understanding of what they're buying. They get to know what the company gains from the deal, and the final cost.</span>
4 0
3 years ago
The 5 specific forces acting as stimulant for change
Serjik [45]

Answer:

1. Technology.

2. Social trends.

3. Economic shocks.

4. Political.

5. Nature of the workforce.

Explanation:

According to the amiable philosopher and mathematician, Alfred North Whitehead, "The art of progress is to preserve order amid change and to preserve change amid order."

The 5 specific forces acting as stimulant for change in an organization or business environment are;

1. Technology: it is a major external force, organizations should make use of new technologies, so as to maximize efficiency and increase productivity.

2. Social trends: social media changes can bring individuals together and influence their interests to share opinions, cultures perception and ideas.

3. Economic shocks: indices of gross domestic products such as unemployment, acquisitions, bankruptcy, recession impacts an organization.

4. Political: government policies, regulations and restrictions such as tax, minimum wage etc can cause a change in a firm. Companies should ensure they are operating at top notch in the competitive market.

5. Nature of the workforce: they should be able to adapt or respond to economic activities, such as demographic, immigration, multicultural society, etc.

Change agents in an organization are individuals acting as catalysts by assuming responsibilities for managing any of the aforementioned specific forces acting as stimulant for change.

7 0
3 years ago
Independent auditing can best be described as:________. A. A regulatory function that prevents the issuance of improper financia
Elden [556K]

Answer:

C. A discipline that enhances the degree of confidence that users can place in financial statements.

Explanation:

Independent auditing includes the process of auditing by an independent auditor. It involves the process of analyzing and examining the financial transactions and records. The company's accounts, the business records, the transactions are all monitored and audited so as to avoid any unprecedented act. It do not indulge any means of profit in the whole process. Independent auditing is adopted by the shareholders in order to protect from any sort of frauds or unacceptable claims made in terms of financial records.  

8 0
3 years ago
Bill, Page, Larry, and Scott have decided to terminate their partnership. The partnership's balance sheet at the time they decid
WARRIOR [948]

Answer:The answer is $0 $0

Explanation:

The entry in the Balance sheet

Dr : capital Bill $25,000, page $110,000,Larry $100,000, Scot $65,000, Account payable $100,000 , Total Dr $400,000 Cr : Non cash asset $300,000, cash $ 100,000, Total Cr $400,000

The entry in the Realisation Account will be

Dr: sundry Asset $400,000, Cr : proceed from sale of asset $150,000, Balance c/d $250,000 , Share of the loss Bill 3/10 × 250,000 = $75,000, Page 2/10 × 250,000 = $50,000, Larry 1/10 × 250,000 = $25,000, Scot 4/10 × 250,000 = $100,000Total Dr : $400,000, Total Cr :$400,000

The entry in the capital Account of the partners will be

Bill Dr: share of loss $75,000, Total Dr:$75,000 Cr : Balance b/d $25,000,Balance c/d $50,000, Total Cr: $75,000

Page Dr: share of loss $50,000, Balance c/d $60,000, Total Dr:$110,000Cr: Balance b/d $110,000, Total Cr : $110,000

Larry Dr : share of loss $25,000, Balance c /d $75,000, Total Dr:$100,000, Cr : Balance b /d $100,000 Total Cr $100,000

Scot Dr: share of loss $100,000, Total Dr : $100,000Cr: Balance b /d $65,000, Balance c /d $35,000, Total Cr :$100,000

Note : if realisation of the asset result in a loss and a partners capital account is already or is thereby placed in debt, the partner must pay in enough cash to clear the balance. Otherwise, the remaining partners cannot be paid the sums shown to their credit. Since Page and Larry capital account both showed a debit balance, The amount to be distributed to page and Larry upon liquidation of the partnership is $0 $0

7 0
3 years ago
Ravi wants to be his own boss and run his own business. His friend, Josh, suggested that an inexpensive way to get started is to
sladkih [1.3K]

Answer:

This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".

Explanation:

Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.

8 0
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