Answer:
$1,032.01
Explanation:
Given:
Face value of bond (FV) = $1,000
Coupon rate = 6% annual rate or 6% / 2 = 3% semi-annual rate
Coupon payment (pmt) = 0.03 × $1,000
= $30
Rate = 5.5% annually or 5.5 / 2 = 2.75%
Time period (nper) = 8 × 2 = 16 periods
Current value of bond is present value of bond which can be computed using spreadsheet function =PV(rate,nper,pmt,FV)
So, present value of bond is $1,032.01.
PV is negative as it's cash outflow.
Answer:
Unit of account
Explanation:
Money serves three functions :
1. Unit of account : money serves the function of determining the value of a good or service. It is usually assumed that goods that are more highly priced are more valuable that goods that have lower prices
2. Medium of exchange : goods and services can be exchanged for money. For example, if I want to buy a gallon of gasoline and pay 4 seashells, money has served as a medium of exchange.
3. store of value: money can be saved, retrieved and exchanged sometimes in the future
Answer:
Unemployment rate= 7.4%
Explanation:
First, we need to calculate the labor force. <u>The labor force is the sum of employed people and unemployed people over 16 actively looking for work.</u>
Labor force= 60,000 - 2,000 - 4,000= 54,000
<u>Now, we can calculate the unemployment rate, using the following formula:</u>
unemployment rate= (unemployed people / labor force)*100
unemployment rate= (4,000/54,000)*100
unemployment rate= 7.4%
When people are led to think about their own death they are more attracted to a charismatic leader.
The German sociologist Max Weber invented the idea of charismatic authority. It involves a kind of organisation or leadership where the leader's charisma confers authority. This contrasts with two other sorts of authority, namely traditional authority and legal authority. The three categories of authority that Max Weber identified are comprised of each of the three sorts.
The first time the word "charisma" came into use was in Saint Paul's writings to the fledgling Christian communities in the first century.
Learn more about Charismatic here
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Answer:
Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed
Explanation:
In a hour :
Larry can ; wash 1 car or mow 1 lawn
Moe can ; mow 1 lawn or wash 2 cars
Curly can ; mow 2 lawns or wash 1 car
The inefficient scenario is Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. Then lawns will be mowed and cars will be washed. this is because Larry can either wash 1 car or mow 1 lawn every hour and if Moe only washes cars and Curly only mows Lawns there will still be Cars and Lawns left to be washed and Mowed since Larry does not work at full capacity like Moe and Curly who could wash 2 cars or mow 2 lawns every hour
