Someone who is __________ can recover from disappointments quickly.

on december 31, 2021, interlink communications issued 4% stated rate bonds with a face amount of $110 million. the bonds mature

Bess [88]

Interest - Bond Price is $97.45 million, rounded to the nearest million.

Interest :
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate.It differs from a fee that the borrower may pay to the lender or a third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs.

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Complete Question
On December 31, 2021, Interlink Communications issued 5% stated rate bonds with a face amount of $113 million. The bonds mature on December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $). Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 6%.

Table values are based on:

n = 30

i = 6%

Cash Flow Amount Present Value

Interest $111,300,000 $74,454,240

Principal $100,000,000 $13,137,000

Price of bonds $87,591,240

6 0

1 year ago

Sales returns A) Refer to merchandise that customers return to the seller after the sale B) Are related to purchase discounts C)

Lisa [10]

Answer:

A) Refer to merchandise that customers return to the seller after the sale.

Explanation:

Option B is wrong because the sales return comes from customer selling while a purchase discount is given to the customer.

Option C is wrong because the sales discount can reduce the selling price of merchandise sold to customers.

Option D is wrong because the trade discount helps to the customer so that they can give less payment during purchase or sales.

Option E is wrong because the cash discount is given to customers to encourage early payment.

Option A is correct because when the customer returns the products to the seller after the sale is called sales returns.

5 0

3 years ago

Judd Company uses standard costs for its manufacturing division. Standards specify 0.2 direct labor hours per unit of product. T

Katena32 [7]

Answer:

Variable manufacturing overhead rate (cost) variance= $4,756.95 unfavorable

Explanation:

Giving the following information:

Budgeted variable overhead costs $13,500

Budgeted direct labor hours 640 hours

Actual:

Actual variable overhead costs $15,200

Actual direct labor hours 495 hours

To calculate the variable<u> overhead rate (cost)</u> variance, we need to use the following formula:

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Standard rate= 13,500/640= $21.1

Actual rate= 15,200/495= $30.71

Variable manufacturing overhead rate variance= (21.1 - 30.71)*495

Variable manufacturing overhead rate variance= $4,756.95 unfavorable

3 0

4 years ago

Travis International has a one-time expense of $1.13 million that must be paid two years from today. The firm can earn 4.3 perce

11Alexandr11 [23.1K]

Answer:

The firm must save $45,172.02 monthly for 24 months to be able to pay $1,130,000 at 4.3% compounded monthly as found in the attached

Explanation:

In calculating the monthly saving , I used the PMT function in excel,whose formula is given as PMT(rate,nper,pv,-fv)

r represents the rate on the savings given as 4.3% annually but 0.36% per month (4.3%/12 months), as the compounding is done monthly.

nper represents the duration of savings,given as two years but multiplied by 12 months to reflect monthly compounding horizon

pv is the present value zero as it is not given and not required

Fv is future value given as $1,130,000

Find detailed computation in the attached.

Download xlsx

8 0

4 years ago

which of these statements regarding unit investment trusts (uits) is correct? a) units in a uit are priced in the secondary mark

MA_775_DIABLO [31]

Units are actively managed, as portfolio managers typically attempt to match the return of a stated index

<h3>What is portfolio manager ?</h3>

A portfolio manager (PM) is a qualified individual tasked with selecting investments and carrying out related tasks on behalf of invested people or organizations. Clients put their money into a retirement fund, endowment fund, or education fund as part of the PM's investing strategy in order to develop it in the future.

PMs are in charge of developing an investment strategy, choosing the right investments, and properly allocating each investment to an investment fund or asset management vehicle. They collaborate with a team of analysts and researchers to carry out these tasks.

An investment manager's objective is to generate a return that is higher than the return anticipated given the level of risk. Investors can keep track of this return through performance reports given by the PM on a weekly, monthly, quarterly, or annual basis. A performance benchmark or a comparison of the manager's investment approach to an index may be established.

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6 0

2 years ago