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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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Halliford Corporation expects to have earnings this coming year of $3/share. Halliford plans to retain all of its earnings for t
jeka57 [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
Michelle works in an appliance store. She has a goal to sell a combination of six refrigerators, stoves or dishwashers so she ca
kotykmax [81]
The ‘SMART’ technique a tool for effective goal setting. The acronym SMART stands for Specific, Measurable, Attainable, Realistic, and Time-bound, all of which are requisites for goals. The goal “to sell a combination of six refrigerators, stoves or dishwashers to earn a bonus” is specific, measurable, attainable and realistic because Michelle has done this before. Yet the goal is not time-bound. The length of time it is required to meet is not specified in the goal. 
7 0
3 years ago
Read 2 more answers
yle Co. has $1.1 million of debt, $3 million of preferred stock, and $1.2 million of common equity. What would be its weight on
Virty [35]

Answer:

0.22

Explanation:

Calculation for the weight on common equity

Using this formula

Weight of Common equity = Common Equity/(Debt + Preferred Equity+Common Equity)

Where,

Common Equity=1.2

Debt =1.1

Preferred Equity=3

Let plug in the formula

Weight of common equity = 1.2/(1.1+ 3+ 1.2)

Weight of common equity=1.2/5.3

Weight of Common Equity=0.22

Therefore the weight on common equity will be 0.22

3 0
2 years ago
Caruso, inc. has an inventory turnover rate of 8 times. if its cost of goods sold is $150,000, then
Blababa [14]
Inventory turnover rate = 8 times
Cost of goods sold = $150,000
Then the average inventory of company is $18,750.
This is how we calculate this;
Cost of goods sold / inventory turnover rate =
$150,000 / 8 = $18,750.
5 0
3 years ago
49. Marcy Company declared a 100% common stock dividend on January 1, 2005, when the market price of the stock was $7.50. The en
expeople1 [14]

Answer:

C) credit Contributed Capital in excess of par, Common Stock, $25,000

Explanation:

Missing word <em>"Preferred Stock - 6% cumulative, $20 par value, 10,000 shares authorized, 5,000 shares issued and outstanding . .$100,000. Contributed Capital in excess of par value, Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     . . . . . .     250,000. Common Stock, $5 par value, 20,000 shares authorized, 10,000 shares issued and outstanding. . . . . . . . . . . . . . . . .  50,000. Contributed Capital in excess of par value, Common Stock . . . . . . . . . . . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . . 450,000. Total Contributed Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 850,000. Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .150,000. Total Stockholders' Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,000,000"</em>

The journal entry to record the stock dividend will be:  

Date   Account Titles                                                 Debit     Credit

          Retained earnings                                        $75,000

          (10000*7.50*100%)

                Common stock dividends distributable                $50,000

                (10000*100%*$5)

                Contributed Capital in excess of par value,           $25,000

                Common Stock (10000*100%*(7.5-5))

4 0
2 years ago
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