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kykrilka [37]
3 years ago
5

Last year, Joan purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 25-year maturity. At the time

of the purchase, it had an expected yield to maturity of 11.96%. If Joan sold
the bond today for $1,154.91, what rate of return would she have earned for the past year? Round your answer to two decimal places.
Business
1 answer:
anzhelika [568]3 years ago
6 0

Joan's bond receivable has earned a 15.49% rate of return for the past year.

Data and Calculations:

Face value of the corporate bond = $1,000

Annual coupon rate = 11%

Maturity period = 25 years

Expected yield too maturity (YTM) = 11.96%

Current bond's price = $1,154.91

The rate of return earned since last year = 15.49% {($1,154.91 - $1,000)/$1,000}.

Thus, Joan's bond receivable has earned a 15.49% rate of return for the past year.

Learn more about yield to maturity and rate of return on corporate bonds here: brainly.com/question/15851749

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When sales exceed production, the net operating income reported under variable costing generally will be:_____.
padilas [110]

When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.

Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.

Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.

Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.

Learn more about Absorption costing here brainly.com/question/26276034

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6 0
1 year ago
1. Purchased computers for $20,000 from Data Equipment on account. Select an effect 2. Paid $3,000 cash for May rent on storage
nata0808 [166]

Answer:

The question is not complete.

Here is the complete question:

Keystone Computer Timeshare Company entered into the following transactions during May 2017.

Describe the effect of each transaction on assets, liabilities, and stockholders' equity.

1. Purchased computers for $20,000 from Data Equipment on account. Select an effect

2. Paid $3,000 cash for May rent on storage space. Select an effect

3. Received $15,000 cash from customers for contracts billed in April. Select an effect

4. Performed computer services for Ryan Construction Company for $2,700 cash. Select an effect

5. Paid Midland Power Co. $11,000 cash for energy usage in May. Select an effect

6. Stockholders invested an additional $32,000 in the business. Select an effect

7. Paid Data Equipment for the computers purchased in (1) above.

Select an effect

8. Incurred advertising expense for May of $840 on account.

Here is the answer:

Transaction   Effect on asset, liabilities and equity

  1                  Increase in asset(computer account) by $20,000

                     and increase in liabilities  (account payable) by

                      $20,000

 2                  Decrease in asset(cash account) by $3,000 and

                     decrease in equity (rent expense account) by

                      $3,000

 3.                 Increase in asset (cash account) by $15,000 and decrease in

                      asset (account receivable) by $15,000. Net effect is zero.

 4.                 Increase in asset (cash account) by $2,700 and increase in

                     equity (service revenue account) by $2,700

 5.                 Decrease in asset (cash account) by $11,000 and decrease in

                     equity (Energy expense account) by $11,000

 6.                 Increase in asset (cash account) by $32,000 and increase in

                     equity (common stock account) by $32,000

 7.                 Decrease in asset (cash account) by $20,000 and decrease in

                    liabilities (account payable) by $20,000

8.                 Increase in liabilities (accrued advertising expense) by $840

                    decrease in equity (advertising expense account) by $840

Explanation:

Assets are economic resources of the firm in which future economic benefits are expected to flow to the entity. Liabilities are the entity`s financial obligation to those who are not the owners of the business. Equity is the residual value after deducting am entity`s assets from its liabilities.

With this background, business transactions and events are recorded either as increase or decrease in asset, liabilities and equity.

6 0
3 years ago
Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with
vekshin1

Answer:

59,700 units

Explanation:

The computation of the equivalent units for the conversion cost is shown below:

= Opening work in process units × completion percentage + units started and completed × completion percentage + ending work in process units  × completion percentage

= 4,600 units × 100% + 36,500 units × 100% + 31,000 units × 60%

= 4,600 units + 36,500 units + 18,600 units

= 59,700 units

6 0
3 years ago
Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would u
Rainbow [258]

Answer:

The two methods which I will use to identify job opportunities if I will look for a job are as follows:

* Temping or Internships

* Company Websites

Explanation:

* Temping or Internships

Seldom interim employment can lead me to changeless positions. As I am without a job, obtaining a short space among a renowned organization is an excellent method to acquire a footing in the entrance, or produce me including valuable business connections to convene upon in the eternity.

* Company Websites

As I previously hold my dream as an employer in cognizance, why not move undeviatingly to the job part of the companies website. If I will see for opportunities on the companies website, there is a possibility I will obtain exactly the opportunity that I have been expecting for.

4 0
3 years ago
On January 1, 2017, Bensen Company leased equipment to Flynn Corporation. The following information pertains to this lease.
IRINA_888 [86]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0
3 years ago
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