Answer:
The answer to the question is B I51,753 bonds
Explanation:
The present price of the bond and the total amount to be raised of $170m were used in arriving at the number of bonds to be issued.
n 20
Coupon 6.60%
YTM 7.7%*1000=77
FV 1000
PV ($1,120.25)
The current price of the bond $1,120.25
Total amount to be raised $170,000,000
Number of bonds to be issued=total amount /bond price 151,752 approx...151753
Find attached spreadsheet with formulas so as to be able to follow through.
Answer:
The salesperson is not providing any information about what high quality means (resolution of video). Overall the option B is correct.
Explanation:
Firstly, the salesperson is not providing any details of video quality so he lacks here. The second reason that the information is inadequate is calculation is required for the consumption of memory by 720p and 1080p video. The video 720p consume almost below 4 GB for an one hour of video captured by an iphone camera. This means it posses space for 4hrs (16GB/4GB) of video so the option B is correct.
Answer:
The expected rate of return on this stock is 10.31%
Explanation:
The constangt growth model of the DDM approach is used to calculate the price of a share based on the edxpected future dividends from a stock that are growing at a constant rate. The formula for price using constant growth model is,
P0 = D0 * (1+g) / (r - g)
Plugging in the values,
65 = 1.7 * (1+0.075) / (r - 0.075)
65 * (r - 0.075) = 1.8275
65r - 4.875 = 1.8275
65r = 1.8275 + 4.875
r= 6.7025 / 65
r = 10.31% or 0.1031
Some accounting errors that cause the difference between the debits and credits columns of the trial balance are as follows:
- Data entry errors
- Errors of omission
- Errors of commission
- Errors of transposition of one side of the entry
- Compensating errors
- Errors of duplication
- Errors of principle
- Errors of entry reversal
These errors are called accounting discrepancies. They are not intentional mistakes, but they often occur.
Thus, to forestall accounting errors, every company requires good accounting software to record its transactions, while the accounting staff should be adequately trained.
Learn more about the accounting errors that cause the trial balance not to balance at brainly.com/question/25671653
Answer and Explanation:
The journal entry to record the issuance of the bond is shown below
On Jan 1, 2018
Cash (5,900,000 × 101%) $5,959,000
Bonds Payable $5,900,000
Premium on Bonds Payable $59,000
(Being the issuance of the bond is recorded)
Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable as it also increased the liabilities
