Answer:
a.$8,400
Explanation:
Amortization of bonds discount = (100000 - 98000)/5years
= 2000/5
= 400
Interest expenses = interst on face value + amortization of bond discount
= (100000*8%) + 400
= $8400
Therefore, The bond interest expense for the year ended December 31, 2018, is $8400.
Answer:
Spot rate = 0.3807
Explanation:
Given:
Interest rates in the U.S. = 10% = 0.1
Interest rates in Switzerland = 4% = 0.04
Forward rate = $0.3864
Spot rate = ?
Day ratio = 90 days / 360 days = 0.25 (Assume 360 days in a year)
Computation of Spot rate:
Spot rate = Forward rate[1+(Domestic rate × Day ratio)] / [1+ (Foreign rate × Day ratio)]
Spot rate = 0.3864[1+(0.04 × 0.25)] / [1+(0.10 × 0.25)]
Spot rate = 0.3864[1+0.01] / [1+0.025]
Spot rate = 0.3864[1.01] / [1.025]
Spot rate = 0.390264 / [1.025]
Spot rate = 0.3807
Answer:
a) 0.667
b) Yes
Explanation:
Data provided in the question:
Mean = 0.04
Standard Deviation = 0.003
Upper Specification Limit, USL = 0.046
Lower Specification Limit, LSL = 0.034
Now,
a) Capability Index is given as:
Cp = 
or
Cp = 
or
Cp = 0.667
Also,
Cpk = min(
or
Cpk = min(
or
Cpk = min( 0.667
, 0.667 )= 0.667
Since,
Cp and Cpk are same in this case
therefore, it is ideal condition and process is capable
b) yes
The current ratio is 1.0
<h3>What is current ratio ? </h3>
Current ratio can be calculated by dividing the current assets by the current liabilities
The parameters given in the question are
Current liabilities= $3,400
Net working capital= $1,590
Inventory= $1,845
Current assets= inventory + net working capital
= 1,590 + 1,845
= 3,435
Current ratio= 3435/3400
= 1.0
Hence the current ratio is 1.0
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Answer:
$78320
Explanation:
Given That:
Opening Balance of Accounts Receivable as on Dec 1, 2017 = $20500
Credit Sales Made during the month = $54900
Collection from Accounts Receivables during the month = $ 43920
Closing Balance of Accounts Receivables as on Dec 31, 2017 = Credit Sales made during the month + Amount collected from Accounts receivables - Opening balance of accounts receivables
Closing Balance = 54900 + 43920 - 20500
Closing Balance = $78320