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2 years ago

A bond has a $1,000 face value, a market price of $989, and pays interest payments of $69.50 every year. What is the coupon rate

Business

1 answer:

____ [38]2 years ago

4 0

Answer:

6.95

Explanation:

Coupon rate = $69.50/$1,000 = .0695, or 6.95 percent

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A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil

butalik [34]

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

6 0

2 years ago

Cyrus is a tipped employee in Illinois. He is single with one withholding allowance and the minimum cash wage in Illinois is $4.

tino4ka555 [31]

Answer:

249$

Explanation

ANS-MINIMUM CASH WAGE PER HOUR=3.30

TIP CREDIT PER HOUR=4.95

TOTAL PAY=8.25 PER HOUR

FOR 52 HOURS =52*8.25=429$

TIPS INCUDED IN ABOVE=180$

THEREFORE THE PAY WOULD BE=429-180=249$

6 0

3 years ago

Although monopolies are not allowed in the United States, the government does understand that in certain situations it doesn't

PtichkaEL [24]

False is the correct answer

3 0

2 years ago

1. Bankruptcy law is primarily state law. a. True b. False 2. The government is given the power to establish bankruptcy laws in

exis [7]

Answer:

1. Bankruptcy law is primarily state law. b. False

2. The federal  government is given the power to establish bankruptcy laws in Article I, Section 8 of the  U.S constitution. The purpose of bankruptcy law is to protect the  debtor  by giving him or her a fresh start and to ensure equitable treatment of the creditors.

Fill in the blanks with words that would best complete the passage.

equitable federal debtor perfect state assets state constitutions creditors U.S. Constitution

3. Bankruptcy proceedings are held in  federal bankrupcy courts.

4. Title 11 of the United States Code contains the Bankruptcy Code.

5. The Bankruptcy Code has several chapters. Chapter 7 provides for liquidation proceedings, Chapter  11 governs reorganizations, and Chapter 13 provides for an adjustment of debts for individuals with regular income.

6. In order to obtain bankruptcy relief a debtor must be insolvent, or unable to pay his debts. b. False

7. Consumer-debtors are those whose debts result from the purchase of goods for personal use. The Bankruptcy Code requires that court clerks provide additional information to consumer-debtors when they file for bankruptcy.

8 0

2 years ago

The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the foll

borishaifa [10]

Answer:

Explanation:

The preparation of the 2021 EPS presentation for the Esposito Import Company is shown below:

Income from continuing operations $7 million

Less: Loss from discontinued operations ($1.4 million)

Net income $5.6 million

Now the earning per share would be

Earning per share = (Net income) ÷ (Number of shares)

= ($5.6 million) ÷ (1 million shares)

= $5.6 per share

5 0

2 years ago