Answers
Answer:
The yield to maturity is 6.53%
Explanation:
The computation of the yield to maturity is shown below:
Given that
Assume future value be $1,000
The Present value is $977.11
PMT = $1,000 × 5.675% ÷ 2 = $28.375
NPER = 3 × 2 = 6
The formula is given below:
= RATE(NPER;PMT;-PV;FV;TYPE)
The present values comes in negative
After applying the above formula, the yield to maturity is
= 3.263% × 2
= 6.53%
Related Questions
Belle Corp. has a selling price of $56 per unit, variable costs of $46 per unit, and fixed costs of $77,000. What sales revenue is needed to break-even
Answers
Answer:
Break-even point (dollars)= $431,200
Explanation:
Giving the following information:
Selling price= $56 per unit
Unitary variable costs= $46
Fixed costs= $77,000
To calculate the break-even point in sales, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 77,000 / [(56 - 46) / 56]
Break-even point (dollars)= $431,200
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
Social security and medicare are progressive taxes. payroll taxes. local taxes. corporate taxes.
Answers
Answer:
payroll taxes
Explanation:
just took the test, got 100%
Social security and medicare are type of payroll taxes.
What are payroll taxes?Payroll taxes are taxes paid by an employees form his or her salary.
The tax can be deducted or removed directly from the salary or wages of the employee and it is removed based on the amount of salary or wages in pay roll.
Therefore, payroll taxes includes social security and medicare.
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Becky is a cash basis taxpayer with the following transactions during her calendar tax year: Cash basis revenue $54,000 Cash basis expenses, except rent 25,000 Rent expense (paid on December 1) for use of a building for 24 months 24,000 What is the amount of Becky's taxable income from her business for this tax year?
Answers
Answer:
$28,000
Explanation:
Calculation for the amount of Becky's taxable income from her business for this tax year
Taxable income=$54,000 - $25,000 - ($24,000 / 24 months × 1 month)
Taxable income=$54,000 - $25,000 - $1,000
Taxable income=$28,000
Therefore the amount of Becky's taxable income from her business for this tax year will be $28,000
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.
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:
...................
One-year Treasury securities yield 4.25%. The market anticipates that 1 year from now, 1-year Treasury securities will yield 6.9%. If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities? Calculate the yield using a geometric average.
Answers
Answer:
5.57%
Explanation:
Assuming that pure expectation theory holds, then the compounded returns of 1 year treasury security rate multiplied by the compounded return of 1 year security rate 1 year from now is equal to the compounded return of the 2 year treasury rate.
1 year treasury security rate = 4.25%
1 year treasury security rate 1 year from now = 6.9%
To solve, we have
1.0425 * 1.069 = (1 + x)²
1.1144 = (1 + x)², finding the square root of both sides
√1.1144 = 1 + x
1.0557 = 1 + x
x = 1.0557 - 1
x = 0.0557
Therefore, the yield today for 2 year treasury securities is 5.57%
Tinsel Co.'s balances in allowance for uncollectible accounts were $70,000 at the beginning of the current year and $55,000 at year end. During the year, receivables of $35,000 were written off as uncollectible. What amount should Tinsel report as uncollectible accounts expense at year end
Answers
Answer:
$20,000
Explanation:
to determine the amount that Tinsel should report as bad debt expense (or uncollectible accounts expense), we must start with the beginning balance of allowance for doubtful accounts, and then we must subtract the account's ending balance and any bad debts write offs recorded during the year:
beginning account balance $70,000
- ending account balance ($50,000)
- write offs ($35,000)
total ($20,000)
The federal government creates the federal budget each year in order to
Please help and don't put a random answer. Multiple Choices is in the screen shot.
Answers
Answer:
c. decide how much money the government will spend
Explanation:
A budget is a plan on how a person, company, or government intends to spend its projected income. A federal budget shows the money that a government's departments and agencies intend to spend in the financial year under consideration. A federal budget is a plan of expenditure vis a vis projected income.
If the planned expenditure exceeds forecasted income, the federal budget is said to have a deficit. Should the expenditure be less than the projected income, the budget will have a surplus.
Answer:c
Explanation:
For firms competing in worldwide markets, conducting __________________ is more complex, since what works in one country or region might not work in another.
Answers
Environmental analysis
[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
Kendrik was frustrated that his DVD player wouldn't play a DVD he purchased while on vacation in Great Britain. When he called the manufacturer to complain, he was told that European DVDs are formatted differently and won't play on all machines. This is evidence of how ________ can place a constraint on global markets.
Answers
Answer:
Kendrik was frustrated that his DVD player wouldn't play a DVD he purchased while on vacation in Great Britain. When he called the manufacturer to complain, he was told that European DVDs are formatted differently and won't play on all machines. This is evidence of how __location______ can place a constraint on global markets.
Explanation:
Production location can place some constraints on global markets, especially when different standards are applied. To avoid this problem, there is the need to formulate international standards for the production of goods and services. Without some internationally-accepted standards, local production may not satisfy the global market.
In Windows Media Player, people can play audio CDs, data CDs, and data DVDs that contain music or video files.
Kendrik was frustrated that his DVD player wouldn't play a DVD he purchased while on vacation in Great Britain. When he called the manufacturer to complain, he was told that European DVDs are formatted differently and won't play on all machines. This is evidence of how Location can place a constraint on global markets.
Global markets can be constrained by production location, especially when different standards are applied.
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If $2000 is invested at 2% interest, find the value of the investment at the end of 6 years if the interest is compounded as follows. (Round your answers to the nearest cent.)
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $2,000
Ineterest rate= 2%
Number of years= 6 years
First, we will calculate the future value if the interest is compounded annually, semiannually, and quarterly:
FV= PV*(1+i)^n
Annually:
n= 6
i= 0.02
FV= 2,000*(1.02^6)
FV= $2,252.32
Semiannually:
n=12
i= 0.02/2= 0.01
FV= 2,000*(1.01^12)
FV= $2,253.65
Quarterly:
n= 24
i=0.005
FV= 2,000*(1.005^24)
FV= $2,254.32
Now, if instead of compounding interest, it is simple interest:
FV= (PV*i*n) + PV
FV= (2,000*0.02*6) + 2,000
FV= $2,240
Based on this income statement for Company ZYX for the year ending December 31, 2014, what adjustment would need to be made to Net Income to account for Gain or Loss in calculating cash flow from Operating Activities using the indirect method?"
COMPANY ZYX
INCOME STATEMENT
For the Year Ending 12/31/14
Net Sales $ 500,000
Cost of Sales $ 200,000
GROSS PROFIT 300,000
Operating Expenses
Research and Development 35,000
Marketing and Sales Expenses 60,000
General and Administrative Expense 21,000
TOTAL OPERATING EXPENSES 116,000
OPERATING INCOME 184,000
Gain(Loss) on sale of Equipment (30,000)
Gain (Loss) on sale of debt investment 46,000
Other Income/(Expense) (10,000)
Net INCOME BEFORE TAXES 190,000
Income Tax Expense 57,000
NET INCOME $133,000
Answers
Answer:
a) Adjustment of (16,000) in the Operating Section
Explanation:
The adjustment required in the operating activities section of the cash flow statement is shown below:
Loss of sale of equipment $30,000
Less: Gain on sale of debt investment -$46,000
The net deduction is $16,000
Since there is a loss on sale of an equipment so the same is to be added back and there is a gain on sale of investment with respect to debt so the same is to be deducted
hence, the correct option is a.
a)Adjustment of (16,000) in the Operating Section would need to be made to Net Income to account for Gain or Loss in calculating cash flow from Operating Activities using the indirect method.
Loss of sale of equipment $30,000
Less: Gain on sale of debt investment -$46,000
The net deduction is $16,000
When you consider that there is a loss on the sale of a device so the identical is to be introduced back and there is a benefit on the sale of funding with respect to debt so the equation is to be deducted.
What is an income statement?An income statement is an economic declaration that suggests you the employer's earnings and expenses. It additionally shows whether an enterprise is making profit or loss for a given period.
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Coca-Cola Enterprises issues a 0.07 semi-annual coupon bond with 16 years of maturity. What is the bond's price if the yield to maturity (YTM) is 0.13?a. $1,020 b. $1,162 c. $932 d. $1,216 e. $600
Answers
Answer:
Bond Price= $600
Explanation:
Giving the following information:
Face value= $1,000
Number of periods= 16*2= 32
Cupon= (0.07/2)*1,000= $35
YTM= 0.13/2 = 0.065
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 35*{[1 - (1.065^-32)] / 0.065} + [1,000/(1.065^32)
Bond Price= 466.69 + 133.29
Bond Price= $600
Kindly help me asap!!!!! Please please please please
Answers
No this does not violate the expenditure = output identity.
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
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
Marin Company's accounts receivable arising from sales to customers amounted to $88000 and $77000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $334000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answers
Answer:
Marin Company
Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
$345,000
Explanation:
a) Data and Calculations:
Accounts Receivable (Beginning) $88,000
Accounts Receivable (Ending) $77,000
Increase in Cash received from customers = $11,000
b) Income reported on the income statement for the year = $334,000
Increase in Cash received from Customers = 11,000
Cash flows from operating activities to be reported = $345,000
c) The Accounts Receivable reduced from $88,000 to $77,000. This implied that some customers settled their accounts. Therefore, there was inflow of cash from customers. This increases the cash flows from operating activities. This is why the difference is added to the Income as per income statement as a change in working capital.
Robert Klassen Manufacturing, a medical equipmentmanufacturer, subjected 90 heart pacemakers to 5,000 hours of testing. Halfway through the testing,4 pacemakers failed.
Percent of failures:
Number of failures per unit-hour of operating time:
Number of failures per unit-year:
Answers
Answer and Explanation:
The computation is shown below:
a. For the percentage of failures is
= Number of failures ÷ number of pacemakers tested
= 4 ÷ 90
= 4.4%
b. For Number of failures per unit-hour of operating time
= Number of failure ÷ total time - non-operating time
= 4 ÷ (5,000 × 90) - (5,000 ÷ 2 × 4)
= 4 ÷ (450,000 - 10,000)
= 4 ÷ 440,000
= 9.09 × 10^-6
= 0.00000909 failure per unit-hour
c. For Number of failures per unit-year is
= Failure ÷ unit year
= 0.0000090909 × 24 hours × 365 days
= 0.07963 failure per unit-year
You are the CFO of a regional manufacturing firm. They need to raise more capital for an expansion project. You have been asked to talk with regional banks to secure a loan. Your firm has a Current Ratio of 1.0, a Quick Ratio of 0.5, and a TIE ratio of 1.3.
Required:
What would you tell the firm's management about your chances of securing a loan with preferentially low interest rates?
Answers
Answer:
(C) tell management that the company has borderline risk and they will likely need to pay an interest level at or slightly above the average interest rate for their region
Explanation:
As it can be seen that the quick ratio is lower, the current ratio is average and the times interest ratio is lower. The time interest ratio should be more as if the company earnings is high so it able to cover its interest expense
Therefore the company is in the borderline risk due to which the company has to pay the high interest rate
Hence, the correct option is c.
A country that advances its national interests abroad by prioritizing international cooperation, compromising with foreign allies, and participating in international organizations such as the United Nations is following a _____.
a. hegemonic grand strategy
b. grand strategy of isolationist protectionism
c. multilateralism grand strategy
d. grand strategy of unilateralism
Answers
Answer:
A country that advances its national interests abroad by prioritizing international cooperation, compromising with foreign allies, and participating in international organizations such as the United Nations is following a _____.
c. multilateralism grand strategy
Explanation:
The emphasis placed on relationships between other countries is dictated by a country's preferred objectives. If the country encourages international relationships and cooperation with others, it is engaged in multilateralism. This refers to an alliance of multiple countries pursuing a common goal, like the United Nations. The opposite of this diplomatic strategy is called unilateralism. This implies that the country chooses to go it alone without seekings the cooperation of others. An example is when one country launches a military attack on another without seeking for the help or approval of other friendly countries.
International cooperation is referred to as the process or the set of activities in which the different states are involved in the act of adjusting their behavior as per the preference of the policy coordination.
The correct answer is c. multilateralism grand strategy
Option c. multilateralism grand strategy is correct because it emphasizes the relationships between other countries. If the country encourages international relationships and cooperation with others, it is engaged in multilateralism. This refers to an alliance of multiple countries pursuing a common goal, like the United Nations.
Options A, B, and D are wrong options because they do not relate to the international cooperation among the states for policy coordination and also because of not participating in the allies and the international organizations.
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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.
What is the approximate market value of a $1,000 corporate bond that pays 8 percent interest when comparable bonds are paying 8 percent interest?A. $800B. $900C. $1000D. $1125E. $1625
Answers
Answer:
C. $1000
Explanation:
The computation of the approximate market value is shown below:
Current yield = Annual coupon payment ÷ market value
8% = ($1,000 × 8%) ÷ market value
8% = $80 ÷ market value
So, the market value is
= $80 ÷ 0.08
= $1,000
Hence, the approximate market value is $1,000
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
true or false Deflation can be differentiated from disinflation in that the deflation rate is always negative while the disinflation rate is always positive.
Answers
Answer:
True
Explanation:
The deflation arise when there is a decline in the general level of the price in the overall economy. It could be said as a negative rate of inflation
On the other hand, the disinflation arise when the inflation rate is the decline over time but it would remain positive
Therefore the given statement is true
hence, the same is to be considered
Sushi corp. purchased and installed electronic payment equipment at its drive-in restaurants in san marcos, tx, at a cost of $51,300. the equipment has an estimated residual value of $2,700. the equipment is expected to process 275,000 payments over its three-year useful life. per year, expected payment transactions are 66,000, year 1; 151,250, year 2; and 57,750, year 3.
Required:
Complete a depreciation schedule for each of the alternative methods.
1. Straight-line.
2. Units-of-production.
3. Double-declining-balance.
Income Statement Balance Sheet
Year Depreciation Expense Cost Accumulated Depreciation Book Value
At acquisition
1
2
3
Answers
Answer:
Sushi Corp.
Depreciation Schedule:
Income Statement Balance Sheet
Year Depreciation Expense Cost Accumulated Book Value
Depreciation
At acquisition $51,300
Straight-line method:
1 $16,200 $51,300 $16,200 $35,100
2 $16,200 $51,300 $32,400 $18,900
3 $16,200 $51,300 $48,600 $2,700
Units-of-production method:
1 $11,664 $51,300 $11,664 $39,636
2 $26,730 $51,300 $38,394 $12,906
3 $10,206 $51,300 $48,600 $2,700
Double-declining-balance method:
1 $34,371 $51,300 $34,371 $16,929
2 $11,342 $51,300 $45,713 $5,587
3 $2,887 $51,300 $48,600 $2,700
Explanation:
a) Data and Calculations:
Cost of electronic payment equipment = $51,300
Residual value = $2,700
Depreciable amount = $48,600 ($51,300 - $2,700)
Volume of payments = 275,000
Useful life = 3 years
Year 1 expected payment transaction = 66,000
Year 2 expected payment transaction = 151,250
Year 3 expected payment transaction = 57,750
b) Straight-line method:
Depreciation expense per year = $16,200 ($48,600/3)
b) Units-of-production method:
Depreciation expense per:
Year 1 = 66,000/275,000 * $48,600 = $11,664
Year 2 = 151,250/275,000 * $48,600 = $26,730
Year 3 = 57,750/275,000 * $48,600 = $10,206
c) Double-declining-balance method:
Depreciation rate = 100/3 * 2 = 67%
Depreciation expense per:
Year 1 = $51,300 * 67% = $34,371
Year 2 = $16,929 * 67% = 11,342
Year 3 = $2,887 ($5,587 - $2,700)
A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 8%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices.
a. What is the bond’s yield to maturity if the bond is selling for $970?
b. What is the bond’s yield to maturity if the bond is selling for $1,000?
c. What is the bond’s yield to maturity if the bond is selling for $1,170?
Answers
Answer:
since you are required to calculate the effective yield to maturity, you cannot use the approximate YTM formula since it is not exact. You will need to use a financial calculator, online calculator or excel spreadsheet. I prefer to use an excel spreadsheet and use the IRR function:
a) initial outlay = -$970
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 8.31%
Since the bond is sold at a discount, the effective yield will be higher than the coupon rate.
b) if hte bond is sodl at par, the effective yield to maturity is the coupon rate = 8%
c) initial outlay = -$1,170
cash flows 1 - 19 = $80
cash flow 20 = $1,080
IRR = 6.49%
Since the bond is sold at a premium, the effective yield will be lower than the coupon rate.
Using the 4 Cs, we consider a variety of costs associated with the purchase of a product. Cost in the Four Cs model is similar to ________using the Four Ps.
Answers
Answer:
marketing
Explanation:
Marketing may be defined as the business or the action of promoting as well as selling products or the services, which includes a market research and the advertising. It is the activity, the organization undertakes to foster promote by buying or by selling a product or a service in the market.
The 4Cs that is used in the concept of marketing is Convenience, Communication, Consumer solution, Cost. They are quite similar to the 4P model of marketing i.e. Place, Promotion, Product, Price. These models are used in marketing to enhance the 'marketing mix'.
Answer:
Product
Explanation:
Got it right on the test
Integration is summation operation performed on discrete random variables.
No
Yes
None of the options
Both A and B
Answers
Answer:
Yes
Explanation:
In simple words, An integral assigns numbers to functions in mathematics in such a manner that can explain movement, region, density, as well as other definitions that emerge from the combination of extremely small data. Integration is among the two primary calculus operational activities; the other one is its greater operating, separation.
Thus, the given statement is true.
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