A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%. Determine the cost of bond at closing.

Answers

Answer 1

Answer:

$984.50

Explanation:

Cost of bond at closing = Par value * % Bond traded last

Cost of bond at closing = 1000 * 98.45%

Cost of bond at closing = $984.50

Thus,  the cost of bond at closing is $984.50


Related Questions

In the dominant firm model of oligopoly, the dominant firm maximizes profits by producing at the point where:_____________.

Answers

Answer:

The marginal revenue is equal to its marginal cost

Explanation:

In the case of the model of a dominant firm with respect to the oligopoly, the firm i.e. dominant could maximize its profits by generating at the point where the marginal revenue is equivalent to the marginal cost

i.e.

Marginal revenue = Marginal cost

At this point, the firm could maximized its profits

Hence, the same is to be considered

The Cobb-Douglas production function for a particular product is N(x,y) = 80x0.7y0.3, where x is the number of units of labor and y is the number of units of capital required to produce N(x, y) units of the product. Each unit of labor costs $40 and each unit of capital costs $120. If $800,000 is budgeted for production of the product, determine how that amount should be allocated to maximize production. Production will be maximized when using _______ units of labor and _________ units of capital.

Answers

Answe

մայրիկ

Explanation:

մայրիկmj մայրիկtr մայրիկ մայujk

Kindly help me asap!!!!! Please please please please

Answers

No this does not violate the expenditure = output identity.

Why is questioning such an important leadership skill?
A. Questioning shows the leader's interest in the people and in the project.
B. Questioning uncovers many mistakes and errors.
C. Questioning is a good way for the leader to stay in command.
D. Questioning is easier than facilitating meetings.

I know it’s not B I got it wrong.

Answers

Answer:

A. Questioning shows the leader's interest in the people and in the project.

Explanation:

Questioning shows the leader's interest in the people and in the project is an important leadership skill.

What are leadership skills ?

The qualities and talents that people possess that enable them to manage operations, direct initiatives, and direct their teams toward the accomplishment of objectives are known as leadership capabilities.

In order for CEOs to effectively allocate resources to fulfill the mission and goals of their firm and make meaningful decisions regarding those decisions, they must possess strong leadership qualities. The capacity for delegation, inspiration, and good communication are all important leadership traits. Honesty, assurance, dedication, and innovation are further qualities of a leader.

People follow an effective leader. An effective leader may assist team members in achieving their professional objectives by providing them with knowledge, resources, training, and opportunities for growth. The trust of a team's members can be gained by a leader through empathy and concern.

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The goal is a fast delivery process, ideally requiring little manual effort. What is one capability used to achieve this?

a. Soft launches
b. Nonfunctional requirements
c. Quiet releases
d. Feature toggles

Answers

Answer: D. Feature toggles

Explanation:

Feature toggles allows one to be able to either turn a code on or off without needing a deploy.

Feature toggles being about a fast delivery process, ideally requiring little manual effort.

Feature toggles are usually used by engineering teams for continuous deployment and canary releases.

Term that express the capability which involves a goal of having a fast delivery process, with a little manual effort required is D: Feature toggles.

When one is trying to acheive a goal of having a fast delivery process, Feature toggles would be the best option to go for Feature toggle can be regarded as a mechanism that helps the code to be turned “on” or “off”.

Thus can be done remotely, and there is no need for deploy, it is been utilized by  product engineering and software development.

Therefore, option D is correct

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A non-dividend-paying stock is currently priced at $33.15. The risk-free rate is 4.4 percent and a futures contract on the stock matures in three months. What price should the futures be

Answers

Answer:

The price of the futures should be $33.52.

Explanation:

The future price can be calculated using the formula for calculating the future value (FV) as follows:

FV = PV * (1 + r)^n ......................... (1)

Where;

FV = future value or future price = ?

PV = Present value or current price = $33.15

r = monthly risk-free rate = 4.4% / 12 = 0.044 / 12 = 0.00366666666666667

n = number of months = 3

Substituting the values into equation (1), we have:

FV = $33.15 * (1 + 0.00366666666666667)^3

FV = $33.15 * 1.01104038262963

FV = $33.5159886841722

Approximating to 2 decimal places, we have:

FV = $33.52

Therefore, the price of the futures should be $33.52.

Rodriguez Company pays $342,225 for real estate with land, land improvements, and a building. Land is appraised at $260,000; land improvements are appraised at $104,000; and a building is appraised at $156,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase.

Answers

Answer and Explanation:

a. The allocation of the total cost among the three assets is shown below:

                                       (a)                          (b)                      (a × b)

     Appraise value      Total appraised      Total cost of      Apportioned

                               value                                                          cost

                               Percentage              acquisition

Land  $260,000            50%                 $342,225                $171,112.50

Land

improvemnts $104,000  20%                $342,225               $68,445

Building $156,000          30%                $342,225               $102,667.50

Total      $520,000

b. The journal entry to record the purchase is given below:

Land   $171,112.50

Land improvements $68,445

Building $102,667.50

        To Cash $342,225

(To record the purchase)

Here the asset is debited as it increased the assets and cash is credited as it decreased the assets

[Maggie] called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repairing the hot water heater, which had corroded in places. The agent was polite. He had been getting hundreds of similar calls... “Ma’am, I’m sorry, but according to our records, you do not have flood insurance protections in your policy.” What will most likely happen to Maggie? Check all that apply. She may have to pay thousands of dollars to repair and replace her possessions. She will convince the insurance company that she has flood coverage. Her insurance company will eventually pay the damages. She may have to pay to live somewhere else while repairs are being made. She may have to go into debt.

Answers

Answer:

A,D,E

Explanation:

Took on Edgen2021

Answer:

Explanation:

its B, D, and E

In preparing its May 31, 2020 bank reconciliation, Sheridan Company has the following information available: Balance per bank statement, 5/31/20 $39000 Deposit in transit, 5/31/20 6000 Outstanding checks, 5/31/20 5200 Note collected by bank in May 1290 The correct balance of cash at May 31, 2020 is:_____________

Answers

Answer:

$39,800

Explanation:

To determine the correct cash balance, a Bank Reconciliation Statement must be prepared.

This account for items that are in the cash book not yet in the bank statement. We should also consider this when preparing it as below.

Bank Reconciliation Statement

Balance as per Bank Statement                      $39,000

Add Lodgments not yet credited                      $6,000

Less Unpresented Checks                              ($ 5,200)

Balance as per Cash Book                              $39,800

Thus, the correct balance of cash at May 31, 2020 is $39,800.

Floyd Industries stock has a beta of 1.20. The company just paid a dividend of $.50, and the dividends are expected to grow at 6 percent per year. The expected return on the market is 11 percent, and Treasury bills are yielding 5.9 percent. The most recent stock price for the company is $76.

Required:
a. Calculate the cost of equity using the DDM method.
b. Calculate the cost of equity using the SML method.

Answers

Answer:

a.

r = 0.06697 or 6.697% rounded off to 6.70%

b.

r = 0.1202 or 12.02%

Explanation:

a.

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

D0 * (1+g) is dividend expected for the next period /year g is the growth rate r is the required rate of return or cost of equity

Plugging in the values for P0, D0 and g in the formula, we can calculate the value of r to be,

76 = 0.5 * (1+0.06) / (r - 0.06)

76 * (r - 0.06) = 0.53

76r - 4.56 = 0.53

76r = 0.53 + 4.56

r = 5.09 / 76

r = 0.06697 or 6.697% rounded off to 6.70%

.

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rM is the market return

r = 0.059 + 1.2 * (0.11 - 0.059)

r = 0.1202 or 12.02%

Concord Corporation produces 5000 units of part A12E. The following costs were incurred for that level of production: Direct materials $60000 Direct labor 165000 Variable overhead 80000 Fixed overhead 175000 If Concord buys the part from an outside supplier, $25000 of the fixed overhead is avoidable. If the outside supplier offers a unit price of $68, net income will increase (decrease) by:______.a. $15,000.b. $85,000.c. $130,000.d. $35,000.

Answers

Answer:

b. $85,000

Explanation:

First, we should prepare the analysis of cost savings if the company buys outside.

Analysis of cost and savings

Purchase (5,000 units × $68) = ($340,000)

Savings

Variable cost = $80,000

Fixed cost = $175,000

Net income effect

($85,000)

The effect is a decrease in net income by $85,000.

planned investment remains unchanged as the interest rate changes, the size of the government spending multiplier will be

Answers

Answer: Multiplier effect= Change in real GDP ÷ Change in injection

Explanation:

When there is an extra spending by firms on especially workers welfare, it rubs off on the society because this workers would now spend more down to the markets and it affects traders out their and affects the GDP.

Multiplier effect= Change in real GDP ÷ Change in injection

On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar–Polish zloty exchange rates are as follows:



Date Spot Rate Forward Rate
(to January 31, 2021)
October 1, 2020 $ 0.25 $ 0.29
December 31, 2020 0.28 0.31
January 31, 2021 0.30 N/A


Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness. Mertag must close its books and prepare financial statements on December 31. Discounting to present value can be ignored.



Prepare journal entries for the foreign currency forward contract, foreign currency firm commitment, and export sale.
Determine the net benefit, if any, realized by Mertag from entering into the forward contract.

Answers

Answer: JANUARYYYYYYYYYYYYYYYYYYY

Explanation:

Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months SO IT WILL BE JANUARYYYY

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The Fed is the most independent of all U.S. government agencies. What is the main difference between it and the other government agencies that explains the Fed’s greater independence?

Answers

Answer:

The Fed is more independent because of its substantial revenue from securities and discount loans. Independence allows it to control its own budget.

Explanation:

This has always been one unique privilege the Fed (or The Federal Reserve System) has. The Federal Reserve System is the central bank of the United States, and so it regulates and controls the financial activities of the country.

Unlike other agencies that often require/depend on the nation's official budget before they can fully function, the Fed has the ability not only to control its own budget but to create money for nationwide circulation to other agencies.

For firms competing in worldwide markets, conducting __________________ is more complex, since what works in one country or region might not work in another.

Answers

Answer:

Environmental analysis

Evaluating your results is important because it helps you to ________. a. Prevent future problems from occurring b. Implement your solution more efficiently c. Identify possible causes of the problem d. All of the above Please select the best answer from the choices provided A B C D

Answers

Answer:

its D: all of the above

Explanation:

Evaluating the results is important because it helps us to prevent future problems from occurring, Implement your solution more efficiently, Identify possible causes of the problem or all of the above. Thus option (D) is correct.

What are problems?

Problems are situations or conditions that are perceived as undesirable or difficult to overcome, and that require some kind of action or solution in order to be resolved. Problems can arise in various areas of life, such as personal relationships, work, health, finance, or politics.

Identifying and addressing the problems is an important part of problem-solving, decision-making, and critical thinking, and can lead to positive outcomes and personal growth.

The evaluation of the  results is important because it helps us in many ways, as I said above. Therefore, option (D) is correct.

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All else equal, country A has a higher money supply growth rate and a long-run Phillips curve that is farther to the left than country B's. In the long run as compared to country B, country A will have:________

a. lower unemployment and lower inflation.

b. higher unemployment and lower inflation.

c. lower unemployment and higher inflation.

d. higher unemployment and higher inflation.

Answers

Answer:

c. lower unemployment and higher inflation.

Explanation:

Since Country A's LRPC lies to the left of Country B's LRPC, it implies that its natural rate of unemployment is less than that of Country B's. Also Country A's money supply growth rate is higher. This suggests that Country A will have a higher inflation and a lower unemployment rate. Attach below is the graph illustration.

A cash budget:______.A. Would be as useful to a business which makes sales only on a credit basis, as it is to a business making sales for cash. B. Should include labor, material, and overhead variances. C. Should ignore any projected balances of a negative amount of cash. D. Should not include payments for noncontrollable elements of factory overhead.

Answers

Answer:

A. Would be as useful to a business which makes sales only on a credit basis, as it is to a business making sales for cash.

Explanation:

A cash budget shows the cash flow for a business over a certain time period in which the budget determines if the business has enough cash to operate.

g raj drives his own car on company business. his own company reimburses him at the rate of 42 cents per mile. raj estimates that his fixed costs per year such as taxes, insurance, and depreciation are $2025. the variable costs such as gas, oil, and maintenance are about 13.3 cents per mile. how many miles must raj drive to break even

Answers

Answer:

He must drive 7,055.75 miles to break even.

Explanation:

To calculate the number of miles to drive to break-even, we need to use the following break-even point formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 2,025 / (0.42 - 0.133)

Break-even point in units= 2,025 / 0.287

Break-even point in units= 7,055.75

He must drive 7,055.75 miles to break even.

An employer calculates the amount of income tax withheld from salary or wages based on the information an employee provides on the:

Answers

Answer:

C Form W-4

Explanation:

The form W-4 is a form that represents the witholding certificate of the employee. In the case when the form is completed in a correct way so this shows that the money could be withhold from the paycheck for the purpose of the federal income taxes

So as per the given situation, the amount that is calculated for the purpose of withheld from the salary is the form W-4

hence, the same is to be considered

White Company's assets total $780,000 and its owners' equity consists of capital stock of $500,000 and retained earnings of $150,000. Determine the Company's total amount of outstanding liabilities.

Answers

Answer:

$130,000

Explanation:

With regards to the above information, recall that;

Assets = Liabilities + Retained earnings.

Equity consist of Capital stock + Retained earnings

Given that;

Assets = $780,000

Liabilities ?

Capital stock = $500,000

Retained earnings = $150,000

Therefore,

$780,000 = Liabilities + $500,000 + $150,000

Liabilities = $780,000 - $500,000 - $150,000

Liabilities = $130,000

White company's total amount of outstanding liabilities is $130,000

Based on the total assets and the total equity, the outstanding liabilities can be calculated to be $130,000

The accounting equation is:

Assets = Equity + Liabilities

Equity includes both capital stock and retained earnings.

Liabilities here are therefore:

780,000 = (500,000 + 150,000) + Liabilities

Liabilities = 780,000 - 650,000

= $130,000

In conclusion, liabilities are $130,000

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On January 1, 2022 Crystal Company granted restricted stock units (RSUs) representing 32.5 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within five years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $7.0 per share on the grant date.

Required:
a. Determine the total compensation cost pertaining to the RSUs.
b. Prepare the appropriate journal entry to record the award of RSL's on January 1, 2021.
c. Prepare the appropriate journal entry to record compensation expense on December 31, 2021.
d. Prepare the appropriate journal entry to record compensation expense on December 31, 2022.
e. Prepare the appropriate journal entry to record compensation expense on December 31, 2023.
f. Prepare the appropriate journal entry to record the lifting of restrictions on the RSL's and issuing shares at December 31, 2023.

Answers

Answer:

a. Total compensation = $32,500,000 * $7.0 = $227,500,000

b. No Journal entry to award of award of RSL's on January 1, 2021.

c. Date         Account titles                             Debit              Credit

21-12-2021   Compensation Expenses    $45,500,000

                    ($227,500,000/5)

                            Paid in capital - Restricted stock         $45,500,000

d. Date         Account titles                             Debit              Credit

21-12-2022   Compensation Expenses    $45,500,000

                    ($227,500,000/5)

                            Paid in capital - Restricted stock         $45,500,000

e. Date         Account titles                             Debit              Credit

21-12-2023   Compensation Expenses    $45,500,000

                    ($227,500,000/5)

                            Paid in capital  - Restricted stock         $45,500,000

f. Date         Account titles                                      Debit              Credit

21-12-2023  Paid in capital - Restricted stock $227,500,000

                        Common stock ($32,500,000 * 1)                  $32,500,000

                         Paid in capital - Excess of par balance         $195,000,000

How is owner’s equity affected when services are sold on account?

Answers

Answer:

Effect on owner’s equity affected when services are sold on account is:

Owner's equity increase (except when credit risk is incurred).

Explanation:

No matter the mode of sales, the owner's equity increases when services are sold.  This implies that whether services are sold on account or for cash, the owner's equity will increase through the Retained Earnings.  However, when credit loss arises from credit defaults, then the owner's equity will reduce.  This is why a business must review the credit-worthiness of its customers before granting credit terms.  Credit defaults are common in business and remain part of the business risk.

Whispering has the following inventory data:

July 1 Beginning inventory 28 units at $5.50
5 Purchases 110 units at $6.10
14 Sale 74 units
21 Purchases 55 units at $6.60
30 Sale 52 units

Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?

Answers

Answer: $‭794.6‬0

Explanation:

Using LIFO means that the later acquired goods are sold off first. On July 14 therefore, the 74 units were sold from the units purchased on the 5th.

Cost of goods will be;

= 74 * 6.10

= $451.40

On the 30th they sold 52 more units. These would have been sold from the 21 July purchase.

= 52 * 6.6

= $343.20

Total Cost of goods = 451.40 + 343.20

= $‭794.6‬0

Even if behavioral biases do not affect equilibrium asset prices, why might it still be important for investors to be aware of them

Answers

Answer:

Behavioral biases might not affect equilibrium asset prices in the sense that behavioral biases might contribute to the success of technical trading rules as prices gradually adjust towards their intrinsic values and the actions of arbitrageurs might move security prices towards their intrinsic values.

But it is very essential for investors to be aware of thebiases because either of the above scenarios might create the potential for excess profits even if behavioral biases do not affect equilibrium prices and an investor should be aware of his personal behavioral biases, even though the biases do not affect equilibrium prices, so as to avoid some of these information processing error.

Explanation:

Biases are said to be simply as overconfidence, confirmation bias, illusion of control. Example also is the Behavioral biases

The length of time a firm must wait to recoup the money it has invested in a project is called the:

Answers

Answer: payback period

Explanation:

The length of time a firm must wait to recoup the money it has invested in a project is called the payback period.

The payback period is the time taken for an investor to make back the amount that the investor invested in a particular investment. It should be noted that investment with shorter payback period are typically more attractive to investors as they can recoup their money quickly.

PLEASE HELP!!! Compare U.S. government savings bonds to mutual funds and collectibles in terms of risk and potential return. Explain why these investments are categorized as they are.

Answers

Answer:

.......

Explanation:

...................

Adam Smith's economic philosophy would support which of the following international trade policies. A. Protectionism B. Free Trade C. High Tariffs D. None of the Above

Answers

Answer:

B. Free trade

Explanation:

Adam smiths economic policy advocated for free trade. In his argument, if everyone is given the freedom and go ahead to produce goods and also exchange them as they want, and if market is open to competition domestically and internationally, then there would be greater prosperity compared to when the market is under strict rules of the government.

He is the father of Laissez faire economics. Laissez faire means to leave alone.

Question 3 of 10
Which of the following entrepreneurial businesses is most likely to have a
global impact?
A. A restaurant that specializes in regional cuisine
B. A business that sells
low cost clothing
that is manufactured
overseas
C. An agency that sends home health aids to the homes of disabled
seniors
D. A business that grows and sells local artisanal breads and
cheeses

Answers

Answer: B. a business that sells low cost clothing that is manufactured overseas.

Explanation: just took the quiz

A business that sells low cost clothing that is manufactured overseas is the entrepreneurial businesses is most likely to have a global impact. Hence, option B is correct.

What is  the low cost in business?

A method of pricing whereby a company offers a product at a fairly low price to boost demand and gain market share. By reducing their pricing to be less expensive than those of the rivals in an effort to get more customers and market share.

The low margins will then be compensated for by higher sales volumes. They are able to make more money by keeping their product pricing the same as those of their competitors while having a reduced cost structure.

Because low-cost suppliers are able to offer lower production costs and more efficiency, manufacturing volumes can be significantly boosted.

Thus, option B is correct.

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"is expected to grow at a constant rate of 5.00 percent. If the company’s next dividend, which will be paid in a year, is $1.68 and its current stock price is $22.35, what is the required rate of return on this stock?

Answers

Answer:

r = 0.12516 or 12.516% rounded off to 12.52%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D1 / (r - g)

Where,

D1 is dividend expected for the next period /year g is the growth rate r is the required rate of return or cost of equity

Plugging in  the values for P0, D1 and g in the formula, we can calculate the r to be,

22.35 = 1.68 / (r - 0.05)

22.35 * (r - 0.05) = 1.68

22.35r - 1.1175 = 1.68

22.35r = 1.68 + 1.1175

r = 2.7975 / 22.35

r = 0.12516 or 12.516% rounded off to 12.52%

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