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Brut [27]
3 years ago
5

In order to make an informed career decision, a high school student will want to:

Business
2 answers:
Marina CMI [18]3 years ago
7 0
ITS B develop personal goals, complete a career assessment, and research careers
bulgar [2K]3 years ago
7 0

Answer:

A.choose a career that offers the amount of money desired

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Select _____ to apply formatting to several cells at the same time
ololo11 [35]
Select (A RANGE) to apply formatting to several cells at the same time.
-I hope this helps!!
5 0
3 years ago
Drogo, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 14 years to maturity that is qu
just olya [345]

Answer:

a. 7.30%

b. 4.745%

Explanation:

For computing the pretax cost of debt we have to applied the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $1,000 × 106% = $1,060

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 8% ÷ 2 = $40

NPER = 14 years × 2 = 28 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula

a. The pretax cost of debt is

= 3.65%  × 2

= 7.30%

b. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.30 % × ( 1 - 0.35)

= 4.745%

4 0
3 years ago
Which statement best describes a pure market economy ?
grandymaker [24]

A pure market economy in a theoretical concept in that it has never really existed. In a pure market economy producers create what they want at a price consumers will pay. Consumers pay what they want. The key is no regulation.

8 0
2 years ago
Read 2 more answers
On the first day of its fiscal year, Chin Company issued $10,000,000 of five-year, 7% bonds to finance its operations of produci
icang [17]

Answer:

The description for problem is listed throughout the section there on the explanations.

Explanation:

(A)...

(1) Prepare your entry in the report to document the bonds issuance.

To track or record bond issues, debit card wallet, debit discount, including credit bond liable as seen below:

Date                  Account title                     Debit                Credit

1st Jan                    Cash                           $9594415                  -

                 Bond payable discount          $405585  

                                Payable bond                              $10000000

(2) Arrange the entry to report the first half yearly interest payment

For report semi-annual interest charges, departmental interest cost, credit discounts on bonds payable as well as credit cash as can be seen here:

Date                  Account title                     Debit                Credit

30th June       Interest expense               $390559                   -

                  Bond payable discount                -                 $40559

                 Cash (10000000×3.5%)                                 $350000

(3) Arrange the entry to report the Second half yearly interest payment

For report semi-annual interest charges, departmental interest cost, credit discounts on bonds payable as well as credit cash as can be seen here:

Date                  Account title                     Debit                Credit

31st Dec       Interest expense                  $390559                   -

                  Bond payable discount                -                  $40559

                             Cash                                                    $350000

(B)...

Evaluate the sum of first year bond interest.

Particulars                                                        Amounts

Interest expense (350000+350000)             $700,000

Amortized discount (40559+40559)                $81,117

For the first year, Interest expense                  $781,117

(C)...

The corporation sold the bond for $9,594,415 with a maximum interest of $10,000,000. That would be the $405,585 bond is sold cheaply. The debt are heavily discounted because bond market value is greater than that of the coupon price mostly on debt.

8 0
3 years ago
Several years ago, Castles in the Sand Inc. issued bonds at face value of $1,000 at a yield to maturity of 6.2%. Now, with 6 yea
lyudmila [28]

Answer:

The price of the bond is $659.64.

Explanation:

C = coupon payment = $62.00 (Par Value * Coupon Rate)

n = number of years = 6

i = market rate, or required yield = 15 = 0.15  = 0.15 /2  = 0.075

k = number of coupon payments in 1 year = 2

P = value at maturity, or par value = $1000

BOND PRICE= C/k [ 1 - ( 1 / ( 1 + i )^nk ) / i ] + [ P / ( 1 + i )^nk )]

BOND PRICE= 62/2 [ 1 - ( 1 / ( 1 + 0.075 )^6x2 ) / 0.075 ] + [ $1,000 / ( 1 + 0.075 )^6x2 )]

BOND PRICE= 31 [ 1 - ( 1 / ( 1.075 )^12 ) / 0.075 ] + [ $1,000 / ( 1.075 )^12 )]

BOND PRICE= 31 [ 1 - ( 1 / ( 1.075 )^12 ) / 0.075 ] + [ $1,000 / ( 1.075 )^12 )]

BOND PRICE= $239.79 + $419.85 = $659.64

8 0
2 years ago
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