The invention of what product skyrocketed the popularity of pecan pie?

This form will be sent to Lily by the end of January. She will use this form to...

Lyrx [107]

Answer:

$\large\colorbox{white}{File her income taxes}$

Explanation:

$\large\colorbox{orange}{ɪ ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs}$

$\large\colorbox{lime}{Xxᴊᴀsʜ13xX}$

6 0

3 years ago

Which of the following is a capital budgeting technique that converts a project's cash flows using a more consistent reinvestmen

yulyashka [42]

Answer:

c. modified internal rate of return

Explanation:

Modified internal rate of return ( MIRR ) -

The modified internal rate of return is used in order to rank the projects or the investment that are of unequal size.

The assumption involved is that the positive flow of cash are again invested to the firm and the initial outlays are financed during the firm's financing cost , is referred to as the MIRR.

MIRR is very accurate in comparison to the traditional internal rate of return (IRR) and gives the profit and cost of the project with more accuracy.

Hence , from the given information of the question,

The correct option is c. modified internal rate of return .

4 0

3 years ago

The following is not a category of facts that provide verification of the level of control and independence in determining wheth

gizmo_the_mogwai [7]

Answer:

The correct answer is letter "A": Length of relationship.

Explanation:

The Internal Revenue Service (IRS) 20-Point Test is a guideline aiming to determine if an individual is an employee or an independent contractor of a company for tax-related purposes. The test considers three main categories: behavioral control, financial control, and the type of relationship between the individual and the company. Independent contractors and employees are treated legally different and must be properly classified by firms to avoid lawsuits.

Therefore, the length of a relationship between an individual and an organization is not considered at the moment of determining if that individual is an employee or a contractor.

4 0

3 years ago

On July 1, 2008, Sheeley Company pays $8,000 to its insurance company for a 2-year insurance policy.InstructionsPrepare the nece

Readme [11.4K]

Answer:

Debit Prepaid insurance $8,000

Credit Cash account $8,000

Being entries to recognize prepaid insurance as at July 1 , 2008

Debit Insurance expense $2,000

Credit Prepaid Insurance $2,000

Being entries to recognize insurance expense as at December 31.

Explanation:

The amount paid by Sheeley Company On July 1, 2008 is a prepayment (an asset) as it is paid in advance. The insurance cover was yet to be enjoyed as at that date.

Entries required to recognize this payment

Debit Prepaid insurance $8,000

Credit Cash account $8,000

Being entries to recognize prepaid insurance as at July 1 , 2008

As at 31 December, the company would have incurred expenses for 6 months out of the 24 months (2 years) paid for.

This amounts to

= 6/24 × $8,000

= $2,000

To recognize this by December 31

Debit Insurance expense $2,000

Credit Prepaid Insurance $2,000

Being entries to recognize insurance expense as at December 31.

3 0

3 years ago

A newly issued bond has a maturity of 10 years and pays a 7.5% coupon rate (with coupon payments coming once annually). The bond

nadya68 [22]

Bond

Explanation:

Bond price = B = Face value = F = $100 (Because the bond sells at par value.)

Time to maturity = n = 10 years

Number of periods in a year = p = 1 (annual coupon payments)

Coupon rate = C = 7.5% = 7.5%*100 = $7.5

Yield = r = 7.5% (since bond is selling at par hence the coupon rate = yield)

Duration and Convexity:

Duration is a used as a measure of risk because it provides the average length of time by when the bond holder will receive their payments made. Longer the duration, longer is the time to receive the payments and hence higher the risk.

Expanding the summation and solving for Convexity, we get,

Period (t) Cash Flow PV = Cash Flow / (1+r/p)^(t*p) (t^2+t)*PV

1 7.5 6.97674418604651 13.953488372093

2 7.5 6.48999459167117 38.939967550027

3 7.5 6.03720427132202 72.4464512558643

4 7.5 5.61600397332281 112.320079466456

5 7.5 5.22418974262587 156.725692278776

6 7.5 4.85971138848918 204.107878316546

7 7.5 4.52066175673412 253.157058377111

8 7.5 4.20526675045035 302.779206032425

9 7.5 3.91187604693056 352.06884422375

10 7.5 3.63895446226098 400.284990848708

10 100 48.5193928301464 5337.13321131611

Sum of (t^2+t)*PV 7243.91686803787

Convexity = sum/(B*(1+r)^2) 62.6839750614418

Convexity = 62.6839750614418 = 62.684 (rounded to 3 decimal places as requested in the question)

5 0

3 years ago