Answer:
The price of the bond is $659.64.
Explanation:
C = coupon payment = $62.00 (Par Value * Coupon Rate)
n = number of years = 6
i = market rate, or required yield = 15 = 0.15 = 0.15 /2 = 0.075
k = number of coupon payments in 1 year = 2
P = value at maturity, or par value = $1000
BOND PRICE= C/k [ 1 - ( 1 / ( 1 + i )^nk ) / i ] + [ P / ( 1 + i )^nk )]
BOND PRICE= 62/2 [ 1 - ( 1 / ( 1 + 0.075 )^6x2 ) / 0.075 ] + [ $1,000 / ( 1 + 0.075 )^6x2 )]
BOND PRICE= 31 [ 1 - ( 1 / ( 1.075 )^12 ) / 0.075 ] + [ $1,000 / ( 1.075 )^12 )]
BOND PRICE= 31 [ 1 - ( 1 / ( 1.075 )^12 ) / 0.075 ] + [ $1,000 / ( 1.075 )^12 )]
BOND PRICE= $239.79 + $419.85 = $659.64
Answer:
C : $686
Explanation:
The computation of the cash received amount is shown below:
= (Sale value of merchandise - returned merchandise) × (100 - discount rate)
= ($1,000 - $300) × (100 - 2%)
= $700 × 98%
= $686
Since the payment is made within 30 days, so the company could avail the discount of 2% and the return goods should be deducted so that the actual amount of cash received can come.
Answer:
The working capital for 2017 is $15,500
Explanation:
Working capital: It shows a difference between the currents and the current liabilities
In mathematically,
Working Capital = Current Assets - current liabilities
where,
Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory
= $46,500 + $24,000 + $57,000 + $158,000
= $285,500
And, the current liabilities = Accounts Payable + Salaries Payable
= $133,500 + $17,000
= $150,500
Now put these values to the above formula
So, the value would equal to
= $285,500 - $150,500
= $15,500
Answer: $238,800
Explanation:
Adjusted Cost of Goods for November = Beginning Finished good inventory + Cost of goods manufactured - Ending Finished goods inventory - Overapplied Overheads
Overapplied Overhead = Overhead applied - Actual Overhead
= 60,400 - 56,800
= $3,600
Adjusted Cost of Goods for November = 58,000 + 215,000 - 30,600 - 3,600
= $238,800
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