An investor holds a 4% corporate bond with a yield to maturity of 2.75%.
a) $27.50 will be received in interest on each of the scheduled interest payment dates.
A corporate bond is a type of bond issued by a company and sold to investors. The company receives the required capital and in return the investors receive a predetermined number of interest payments at fixed or variable interest rates.
Corporate bonds are bonds issued by companies to raise funds for a variety of reasons, including B. For ongoing business, M&A, or business expansion. This term is usually used for long-term debt instruments with a maturity of one year or more.
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Answer:
Option C. Has not only captured customers from other phone companies but also forced these companies
Explanation:
One of the common idiom used is "not only.... but also". As the option B and E includes the word "it" between "but also" hence these two are incorrect.
It is also worth noticing that it must place verb which comes just after "not only.... but also" and must be "captured.....forced" respectively. So the Option D is also incorrect because it doesn't places the verb in parallel position.
The option A uses the incorrect pronoun which is "them" because it doesn't highlights about whom it is addressing. Just look at the following sentence:
Has not only captured customers from other phone companies but also forced them. Here we don't know whom the pronoun "them" is addressing. It can be either customers or the companies. So there is a confusion. The correct pronoun must be "these companies" because it specify whom it is addressing.
Therefore, the answer is C.
Answer:
Explanation:
Bank reconciliation is practice of reconciling the bank account balance in a company's book to the balance reported by the bank i order to discover and correct any discrepancy
<u>Workings</u>
<u>Bank reconciliation for Nolan for the month of June</u>
Bank statement balance 28,152
Add bank deposit 3,853 3853
32,005
Less outstanding check (2801) (2801)
29,204
Cash book balance 29,193
Add back error in check (89-80) 9
Interest Earned 34 43
29,236
Less bank charges 32 (32)
29,204
Answer:
Break even point in total units is 950 units
Explanation:
The break even point in total units is the composite break even point considering both the products. This will give us one overall break even point for the company. The break even point in units is the number of units that must be sold in order for the total revenue to be equal to total costs.
To calculate the over all break even in units, we need to divide the fixed costs by the weighted average contribution per unit.
Weighted average contribution per unit = weight of product A in sales mix * contribution of product A + weight of product B in sales mix * contribution of product B
Sales mix = 2 + 3 = 5
Blue = 2 / 5 = 0.4
Plaid = 3 / 5 = 0.6
Weighted average contribution per unit = 2/5 * (45 - 30) + 3/5 * (50 - 25)
Weighted average contribution per unit = $21 per unit
Break even point in units = 19950 / 21 = 950 units
Answer:
b. Public Goods
Explanation:
Public Goods -
It is the type of goods and services , which each and every person can use , without any kind of restriction , is known as public goods .
These type of goods are considered to be non - rivalrous , i.e. , these goods do not reduce , irrespective of their usage .
And ,
are non - excludable , i.e. , these goods are open for all and some individual or group van not hold on to it .
The example of public goods are - public parks , sewer system , law enforcement etc .