Yes, if they can steal under 5, who knows what they can steal next, it could be 100 next time. Or I would be more cautious.
Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 21 years Coupon rate: 9 percent Semiannual payments Calculate the price of this bond if the YTM is 6% (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Answer:
Price of bond = $982.63
Explanation:
<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
</em>
Value of Bond = PV of interest + PV of RV
The value of bond for Microhard can be worked out as follows:
Step 1
PV of interest payments
Semi annul interest payment
= 9% × 1000 × 1/2
= 45
Semi-annual yield = 6%/2 = 3
% per six months
Total period to maturity (in months)
= (2 × 21) = 42 periods
PV of interest =
45 × (1- (1+0.03)^(-21)/0.03)= 693.6
Step 2
PV of Redemption Value
= 1000 × (1.03)^(-21×2)
=288.95
Price of bond
= 693.6 + 288.95
=982.63
Price of bond = $982.63
Answer:
Total profit for units sold for consignor is 15240 $
Explanation:
Revenue generated from the sale is equal to 40 * 750 $ = 30000$. Since this is consignment sale, revenue belongs to consignor minus the commission and expenses of the consignee. Therefore: 30000-1500-500-680 = 27320$. As the cost of each set was 250 and 40 sets were sold, total amount is 10000 and the cost of shipping 40 sets was 2080, total profit is therefore 15240$. The cost of shipping 40 sets we can get if we divide total cost with the number of sets shipped. Then we get cost per unit and since 40 sets was sold the shipping cost of that sale was 2080$.
Answer:
Amount of taxes payable is $210.
Explanation:
<u>Calculating the Income tax amount:
</u>
Income tax = Closing balance - opening balance + income tax expenses
Income tax = 30 - 50 + 230
Income tax = - 20 + 230
Income tax = $210
Answer:
The correct answers are letters "A", "B", and "C".
Explanation:
International Competitiveness refers to the ability a country has to produce goods and services to remain competitive in the market. To accomplish that, prices and the quality of the products offered must be aligned with what other countries are producing or even better. If countries can specialize in providing one good or service only, they are likely to gain an absolute advantage. This does not imply the country will be a pure exporter since imports are also vital for the transformation and optimization of the economy.