Answer:
a. True
Explanation:
ABC classification scheme refers to item analysis that is based upon the principle that there are many less critical items and few critical items by dividing on-hand inventory into three classes which is generally based upon annual dollar volume as follows:
"A items" have very tight control and accurate records
"B items" does not have a tight control and good records
"C items" have minimal records, periodic review, and and characterized by simple controls.
From the above explanation, it is therefore true that periodic review systems are best suited for the C category of items under the ABC classification scheme.
Direct materials are $15 per unit; direct labor is $7 per unit and variable overhead costs are $2 per unit. If total product costs are $27, what are fixed costs per unit
Answer:
the Fixed cost per unit is $3
Explanation:
The computation of the fixed cost per unit is shown below:
Total cost per unit = Direct Material cost per unit + Direct labor cost per unit + variable Overhead cost per unit + Fixed cost per unit
$27 = $15 + $7 + $2 + Fixed cost per unit
$27 = $24 + Fixed cost per unit
So,
Fixed cost per unit is
= $27 - $24
= $3
hence, the Fixed cost per unit is $3
The coupon rate on an issue of debt is 8%. The yield to maturity on this issue is 10%. The corporate tax rate is 31%. What would be the approximate after-tax cost of debt for a new issue of bonds
Answer:
The after-tax cost of debt for a new issue of bonds is 6.9%
Explanation:
After tax cost of debt = Before tax cost * (1-tax rate)
After tax cost of debt = yield to maturity * (1-tax rate)
After tax cost of debt = 10%*(1-0.31)
After tax cost of debt = 10%*0.69
After tax cost of debt = 6.9%
The trade-off between work and leisure underlying the supply of labor involves the substitution effect and the _____ effect.
Answer:
income
Explanation:
Answer:
income effect
Explanation:
In microeconomics, trade off can be theoretically explained as the estimate of similarities or dissimilarities that exist between monetary compensation received by employee from the employer and the pleasure gotten from leisure. And this could involve substitution effect and the income effect.
Note that the income effect is the alteration in demand for a good or service as a result of the effect on income of consumer while substitution the effect deal with alteration of the price of a good as a result of demand of that particular goods by customer.
Therefore,trade-off between work and leisure underlying the supply of labor involves the substitution effect and the income effect.
An investor bought a 30-year coupon-paying bond on January 1st, 2017. The bond pays a coupon C at the end of each calendar year. By January 1st, 2018 interest rates have increased at all maturities. The Holding Period Return of this investment from 1/1/2017 to 1/1/2018 must have been negative.
a) true
b) false
Answer:
b) false
Explanation:
lets assume that the investor purchased a 30 year coupon at par ($1,000) on January 1, 2017. The bond pays a coupon of C, and the market rate = c (bond purchased at par).
BY January 1, 2018, market interest rate = C + X, that means that the bond's market value has decreased to $1,000 - Y.
holding period return = [coupon + (ending value - initial value)] / initial value
holding period return = [C + ($1,000 - Y - $1,000)] / $1,000 = (C - Y) / $1,000
if C ˃ Y, then the holding period return is positiveif C < Y, then the holding period return is negativeif C = Y, then the holding period return is zeroAt the beginning of the month, the Forming Department of Martin Manufacturing had 26,000 units in inventory, 30% complete as to materials, and 15% complete as to conversion. During the month the department started 76,000 units and transferred 86,000 units to the next manufacturing department. At the end of the month, the department had 16,000 units in inventory, 90% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department.
Answer:
Materials - 100,400Conversion - 95,600Explanation:
Equivalent Units = Units Completed and Transferred out + Ending Work in Progress.
Materials Equivalent Units
Ending Work in Progress = 90% * 16,000
= 14,400 units
Equivalent Units = 86,000 + 14,400
= 100,400 units
Conversion Equivalent Units
Ending Work in Progress = 60% * 16,000
= 9,600 units
Equivalent Units = 86,000 + 9,600
= 95,600 units
The following information pertains to a farm in the Rio Grande Valley. Cash receipts from farm $500,000 marketings Receipts of government $100,000 payments Other income from farm sources $50,000 Production expenses $300,000 Value of real estate assets $10,000,000 Value of non-real estate assets $1,000,000 Financial assets $5,000,000 Liabilities $8,000,000 a. Net farm income for this operation is $_________ b. The equity for this operation is $_______
Answer:
(A) $350,000
(B) $8,000,000
Explanation:
The following information was gotten from a farm in the Rio Grande Valley
Cash receipts from farm is $500,000
Marketings Receipts of government is $100,000
Payments other income from farm sources $50,000
Production expenses is $300,000 Value of real estate assets is $10,000,000
Value of non-real estate assets is $1,000,000
Financial assets is $5,000,000
Liabilities is $8,000,000
(A) The net income farm income for this operation can be calculated as follows
= Cash receipts from farm + marketing receipts of government + payment from other income from farm sources-production expenses
= $500,000 + $100,000 + $50,000 - $300,000
= $650,000-$300,000
= $350,000
(B) The equity from this operation can be calculated as follows
= value of real estate assets + value of non real estate assets + financial assets assets- liabilities
= $10,000,000 + $5,000,000 + $1,000,000 - $8,000,000
= $16,000,000-$8,000,000
= $8,000,000
Which of the following is not a trademark format?
O generic mark
O design mark
O standard character mark
O sound mark
OPTION D) IS THE RIGHT ANSWER. SOUND MARK.
Explanation:
IN SOUND IT NOT GIVE ANY MARKS. BECAUSE SOUND IT MEANS ONE PERSON SAY SOMETHING IT COMES ONE VOLUMES. IT'S GIVE SOME SOUNDS. SO WE DON'T MARK AS SOUND.
HOPE IT HELP.....❤❤Answer:
please mark my answer brainliest
Explanation:
in short sound mark that's all
On April 2 a corporation purchased for cash 7,000 shares of its own $10 par common stock at $28 a share. It sold 4,000 of the treasury shares at $31 a share on June 10. The remaining 3,000 shares were sold on November 10 for $24 a share.
Required:
a. Journalize the entries to record the purchase (treasury stock is recorded at cost).
b. Journalize the entries to record the sale of the stock.
Answer;
a.
April 2,
DR Treasury Stock ................................................$196,000
CR Cash....................................................................................$196,000
(To record purchase of Treasury Stock)
Working
= 7,000 * $28
= $196,000
b.
June 10
DR Cash ...............................................................................$124,000
CR Treasury Stock...............................................................................$112,000
CR Paid in Capital Treasury Stock ..................................................$12,000
Working
Cash = 31 * 4,000 = $124,000
Treasury stock ( recorded at cost) = 28 * 4,000 = $112,000
Pain in Cap = 124,000 - 112,000 = $12,000
Nov 10,
DR Cash ...................................................................................$72,000
DR Paid in Capital Treasury Stock......................................$12,000
CR Treasury Stock..................................................................................$84,000
Working
Cash = 3,000 * 24 = $72,000
Treasury Cap = 3,000 * 28 = $84,000
Paid in Cap = 84,000 - 72,000 = $12,000
RamsayRamsay Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 12 helicopters makes between 900 and 1,500 round-trips per year. The records indicate that a helicopter that has made 900round-trips in the year incurs an average operating cost of $750 per round-trip, and one that has made 1,500 round-trips in the year incurs an average operating cost of $600 per round-trip.
1. Using the high-low method, estimate the linear relationship y=a + bX, where y is the total annual operating cost of a helicopter and X is the number of round-trips it makes to JFK airport during the year.
2. Give examples of costs that would be included in a and in b?
3. If RamsayRamsay Travel expects each helicopter to make, onaverage, 1,200
round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be?
Answer:
1) y = 337,500 + 375X
variable costs per trip (per helicopter) = $375 per trip
fixed costs = $337,500
2) fixed costs (a) include depreciation expenses, licences, insurance, etc., while variable costs include fuel, salaries (if pilots are paid per flight), etc.
3) operating budget for the whole fleet (12 helicopters) = $9,450,000
Explanation:
variable costs per trip (per helicopter) = ($900,000 - $675,000) / (1.500 - 900) = $225,000 / 600 = $375 per trip
fixed costs = $900,000 - (1,500 x $375) = $900,000 - $562,500 = $337,500
the estimated operating budget per helicopter = $337,500 + (1,200 x $375) = $337,500 + $450,000 = $787,500
operating budget for the whole fleet (12 helicopters) = 12 x $787,500 = $9,450,000
George's Hamburgers issued 5â%, â10-year bonds payable at 85 on Decemberâ 31, 2016. At Decemberâ 31, 2018, George reported the bonds payable asâ follows:
Long-term Liabilities:
Bonds Payable $300,000
Less: Discount on Bonds Payable 36,000 $264,000
George's pays semiannual interest each June 30 and December 31.â(Assume bonds payable are amortized using theâ straight-line amortizationâ method.)
Requirement 1. Answer the following questions about
George's bondsâ payable:
a. What is the maturity value of theâbonds?â____
b. What is the carrying amount of the bonds at Decemberâ 31, 2018â?
____
c. What is the semiannual cash interest payment on theâ bonds?
â_____
d. How much interest expense should the company record eachâ year?
â_____
Requirement 2. Record the Juneâ 30, 2018â, semiannual interest payment and amortization of the discount.â(Record debitsâ first, then credits. Select the explanation on the last line of the journal entryâ table.)
Answer:
1. The maturity value is $300,000
2. The carrying amount of the bonds is at December 31, 2018 is $264,000
3. Semiannual cash interest payment on the bond = $300,000 * 5% * 1/2 = $7,500
4. Discount on BP = $300,000 * 15% = $45,000
Straight line method amortization = $45,000 / ( 10*2 = 20) = $2,250
Interest Expenses = $7,500 + $2,250 = $9,750
Journal Entry Debit Credit
Interest Expenses $9,750
Discount on Bond Payable $2,250
Cash $7,500
Which common method for classifying accounts is growing in popularity because it is flexible and incorporates multiple variables
Answer: portfolio analysis
Explanation:
Portfolio Analysis is a situation whereby a portfolio asset allocation thst already exist is being reviewed and evaluated in order to ascertain if the current allocation will be able to
meet up with the financial goals of the investor.
It is the common method for classifying accounts is growing in popularity because it is flexible and incorporates multiple variables.
Positive feedback loops Consider two variables: A and B. A positive feedback loop arises when A increases B, and B increases A. A. True B. False Consider the following scenario: The thermostat in Lucia's house regulates the temperature to 75 degrees Fahrenheit. As the temperature in the house rises above 75 degrees, the thermostat turns on the air conditioner which cools the house back down towards 75 degrees. This interaction between the temperature and use of the air conditioner______an example of a positive feedback loop.
Answer:
1. A positive feedback loop arises when A increases B, and B increases A.
A. True
2. The thermostat in Lucia's house regulates the temperature to 75 degrees Fahrenheit. As the temperature in the house rises above 75 degrees, the thermostat turns on the air conditioner which cools the house back down towards 75 degrees. This interaction between the temperature and use of the air conditioner___is not___an example of a positive feedback loop.
Explanation:
The best way to explain a positive feedback loop is to study what usually occurs in nature when the product of a reaction leads to an increase in that reaction. For example, in labor and childbirth, a body system in homeostasis or equilibrium is moved away from that equilibrium. It is negative feedback loops that can return a system to equilibrium as described in the example of the thermostat and the air conditioner above.
What is the percentage loss on the funds she invested if the interest payment is included in the calculation
Answer with complete Question:
Barbara buys 130 shares of DEM at $33.00 a share and 190 shares of GOP at $37.00 a share. She buys on margin and the broker charges interest of 7 percent on the loan.
a. If the margin requirement is 42 percent, what is the maximum amount she can borrow? Round your answer to the nearest cent.
$ 6,565.60
(Which is equal to 58(100 - 42)% of $11,320.)
b. If she buys the stocks using the borrowed money and holds the securities for a year, how much interest must she pay? Round your answer to the nearest cent.
$ 459.59 ($6,565.60 x 7%)
If after a year she sells DEM for $22.00 a share and GOP for $30.00 a share, how much did she lose on her investment? Use a minus sign to enter the amount as a negative value. Round your answer to the nearest cent.
$ 2,760
What is the percentage loss on the funds she invested if the interest payment is included in the calculation? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places.
28.44 %
Explanation:
a. Data and Calculations:
DEM, 130 shares at $33.00 a share = $4,290
GOP, 190 shares at $37.00 a share = 7,030
Total value of investments = $11,320
Margin requirement = 42% of $11.320 = $4,754.40
Barbara can borrow $6,565.60 ($11,320 - $4,754.40)
1. Interest on borrowed fund (margin):
$6,565.60 x 7% = $459.59
2. Loss from Sale of:
DEM, 130 shares at $22.00 a share = $1,430 ($11 x 130)
GOP, 190 shares at $30.00 a share = $1,330 ($7 x 190)
Total loss from investments = $2,760
3. Percentage Loss, with interest included:
Interest on borrowed fund = $6,565.60 x 7% = $459.59
Total loss from investments = $2,760.00
Total loss = $3,219.59
Total value of investments = $11,320
Percentage Loss = $3,219.59/$11,320 * 100 = 28.44%
Question 6 Professor Fader discussed "salesperson of the month." What would he say is the best way to pick a salesperson of the month?
Answer:
The best way for Professor Fader to pick the Salesperson of the Month is to measure the change in total customer lifetime value for that month delivered and give the award to the salesperson with the highest points.
Explanation:
Total Customer Lifetime Value (CLV) refers to the total value delivered by a customer over a particular period not just in the number of purchases they have made. A customer's value also includes, but is not limited to:
The formula for calculating CLV is by:
(Annual Customer Revenue X Lenth of Relationship in Years) - (Total costs of acquiring plus Total Cost of Serving the customer)
or
(ACR x LR)-(TCA+TCS) = CLV
Cheers!
A person will likely spend ____ hours to resolve the problems caused by identity theft and up to $____ on costs related to identity theft, not including attorney fees.
Answer:
1. 30 hours.
2. $500 (dollars)
Explanation:
According to the Federal Trade Commission from the survey conducted based on the United States of American population age 18 and over, amongst other findings, it was concluded that; A person will likely spend 30 (THIRTY) hours to resolve the problems caused by identity theft and up to $500 (FIVE HUNDRED DOLLARS) on costs related to identity theft, not including attorney fees.
Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $258,000 Cash dividends declared for the year 68,750Proceeds from the sale of equipment 118,000Gain on the sale of equipment 6,750Cash dividends payable at the beginning of the year 30,250Cash dividends payable at the end of the year 37,500Net income for the year 151,250The amount of cash paid for dividends was:a. $61,500.b. $83,500.c. $68,750.d. $82,500.e. $67,750.
Answer:
a. $61,500
Explanation:
Calculation for the amount of cash paid for
dividends
Using this formula
Dividend amount=Cash dividends payable at the beginning of the year +Dividend declared during the period - Cash dividends payable at the end of the year
Let plug in the formula
Dividend amount =$30,250+$68,750-$37,500
Dividend amount =$61,500
Therefore the amount of cash paid for
dividends will be $61,500
C&A sells T-shirts for $20 that cost $5 to produce. The annual holding cost percentage is 10% and the T-shirts turn 25 times a year. What holding cost does C&A incur for each T-shirt? $0.50 $0.02 $0.08 $0.04
Answer:
$0.02
Explanation:
C&A sells T-shirts for $20 that cost $5 to produce
The annual holfing cost percentage is 10%
The T-shirts turn 25 times a year
The first step is to calculate the holding cost
= $5 × 10/100
= $5 × 0.1
= 0.5
Therefore, since the T-shirts turn over 25 times a year then, the holding cost that C&A incurs for each T-shirts can be calculated as follows
= 0.5/25 times
= $0.02
Hence C&A incur a holding cost of $0.02 for each T-shirts
The task of crafting a strategy is principally concerned with A. how fast to try to accomplish the company's mission. B. determining how the organization can be more results-oriented and cost-efficient. C. keeping the organization free of debt and in strong financial shape. D. developing actions and business approaches that commit an organization to specific products, markets, competitive approaches, and ways of operating that are calculated to improve the organization's performance and business position. E. how fast to try to increase the company's profits and return on investment.
Answer: D. developing actions and business approaches that commit an organization to specific products, markets, competitive approaches, and ways of operating that are calculated to improve the organization's performance and business position.
Explanation:
The task of crafting a strategy is principally concerned with developing actions and business approaches that commit an organization to specific products, markets, competitive approaches, and ways of operating that are calculated to improve the organization's performance and business position.
1. One of the major changes resulting from managed care is the requirement of providers to assume accountability for: A. The treatment for the uninsured B. The appropriateness of interventions C. Individual treatment decisions D. The health status of defined populations
Answer:
The correct answer is B) The appropriateness of interventions
Explanation:
Managed care is evolving in many countries around the world.
One of the ways in which changes are becoming more prevalent is in the managed care industry is that due to competition, that players are beginning to take seriously the quality of health care being given to enrollees.
All of this is happening simultaneously with the bid to provide these services at the lowest cost possible with providers playing for marketing share.
In Managed care, if customers are treated fairly, they are most likely to return thus creating the possibility for sustained organic growth.
Cheers!
Currently, GreenCut Lawn mowers produces all of its riding lawn mower transmissions in-house. Annual costs for producing these 45,000 transmissions are detailed below: Instead of making its own transmissions, GreenCut is considering buying them from a supplier at a cost of $30 each. Based on incremental analysis, GreenCut should
Question:
Currently, GreenCut Lawnmowers produces all of the transmissions used in its riding lawnmowers in-house. Its annual costs for producing these 45,000 transmissions are detailed below:
Direct material 765,000
Direct labor 270,000
variable overhead 240,000
Fixed manufacturing overhead 150,000
Total manufacturing cost 1,425,000
Instead of making its own transmissions, GreenCut is considering buying them from a supplier at a price of $30 each. Based on incremental analysis, GreenCut should
Answer:
Green Cut should produce/make the transmission internally because doing so would it $15,000
Explanation:
For a make or buy decision the relevant cash flows include
1. the differential variable of the two options
2. savings from avoidable fixed costs associated with internal production
Incremental analysis $
External cost of purchase( $30× 45,000) 1,350,000
Variable cost of making
(765,000 + 270,000 + 250,000) (1,185,000 )
Extra variable cost of external purchase 165,000
Savings in Avoidable fixed cost (150,000)
Net extra cost of external purchase cost 15,000
Note that the fixed manufacturing cost are unavoidable cost i.e which means they would be incurred either way.
Decision
Green Cut should produce/make the transmission internally because doing so would it $15,000
What is not a major purpose of orientation and socialization? Reducing employee turnover Reducing employee benefits Reducing stress and anxiety Reducing start-up costs
Answer:
B). Reducing employee benefits
Explanation:
Orientation and socialization programs primarily aim to make the new employees familiar to the organization, their role in the organization, the policies, rules, and to the other employees also. It helps the new employees to adapt easily to the new work environment, internalize the values, culture, and principles of the organization, build effective work relationships, etc.
As per the question, 'reducing the employee benefits' is not a major purpose of conducting orientation and socialization programs as it has no affiliation to it. These programs primarily aim to familiarize the new employees to the work culture which helps in reducing employee turnover(loss of talent due to an old employee leaving the organization and replaced by a new one), reducing the stress and grievances of the new employees, and reducing start-up costs as once the employees are familiar, they would yield maximum productivity in limited time. Thus, option B is the correct answer.
Which 2 things are involved in creating a report to track deposits by Vendor/Supplier using the Other Current Asset method?
Answer: Set Dates to All
Group by Vendor/Supplier
Explanation:
The options to the question are:
• Set Dates to All
• Group by Vendor/Supplier
• Sort by Account
• Filter by Vendor/Supplier Not Specified
The Other current assets are the things used by a company or an organization to make. It should be noted that OCA can be changed into cash and is also part of the total assets of the organization.
The two things are involved in creating a report to track deposits by Vendor/Supplier using the Other Current Asset method are Set Dates to All and Group by Vendor/Supplier.
Suppose that the price of corn is above its equilibrium price. You would expect to see:________.
A) a leftward shift of the demand curve because of the high price.
B) an increase in quantity demanded because of the high price
C) a shortage on the market that causes prices to increase further
D) sellers begin to lower their price because of the surplus of corn.
Answer:
D
Explanation:
If the price of corn is above its equilibrium price, corn becomes more expensive to consumers. As a result, they reduce the quantity demanded of corn. there would be a movement along the demand curve for corn and not a shift of the demand curve.
Quantity supplied would also increase as a result of the high price. The fall in quantity demanded coupled with the rise in quantity supplied would lead to a surplus. Due to the surplus, sellers would reduce price until price falls to equilibrium price
Explain why income property cash flow is not the same as taxable income. Property cash flow usually differs from property taxable income because:
Answer:
Income property cash flow is not the same as taxable income for the following reasons:
- The amount of income that the owner must report for federal income tax purpose is different from the net cash flow created by the rental property
- While the interest part of a mortgage payment is tax deductible, a cash outflow is not tax deductible.
-In the calculation of taxable income from annual operations,a deduction for -depreciation is allowed, however, the owner does not pay for depreciation on an annual basis. This creates a reduction in taxable income as compared to the actual cash flow.
The income inequality ratios in England and in Guatemala are roughly the same. What can explain this finding
Answer:
This finding is explained by the fact that ratios express relationships between variables not in absolute terms but in relative terms. The variables used for calculating the income inequality ratio in England takes into consideration the level of income distribution and the population. These may not be equal to the level of income distribution and the population of Guatemala. For instance, if England's income inequality ratio is 10% and Guatemala's is also 10%, it does not mean that they have the same amount of population and income distribution. Each ratio is expressed in relation to its related variable. England's variables cannot be used to express Guatemala's.
Explanation:
To measure inequality ratios for England and Guatemala one divides the standard deviation of the income distribution of England and Guatemala respectively by their means. These are separate indices in value terms.
A customer wishes to open a cash account and give trading authorization to a sibling. The required documentation would include which of the following?New account form.Joint account agreement.Customer agreement.Limited power of attorney.A) I and III. B) I and IV. C) II and III. D) II and IV.
Answer: B) I and IV
Explanation:
For the customer to open a new cash account they would need to fill out a new account form to initiate the process as is standard.
Also because they wish to give trading authorization to a sibling, this would need to be supported by a legal document stating that the sibling has been given such permission by the owner of the account. The relevant document would be a limited Power of Attorney.
Writing a check on an account with insufficient funds is allowed under certain conditions.
Answer:
True
Explanation: If you have overdraft protection your account
Holding all else constant, a decrease in the market demand for a product in a competitive market would cause
Answer & Explanation: Holding all else constant, a decrease in the market demand for a product in a competitive market would cause the marginal revenue (MR) curve of the firms to shift to the left or downwards. Marginal revenue describes graphically, the additional income generated from the sale of one additional unit of a product or service. Thus, it shows the relation between the marginal revenue received by a firm for selling its product or service and the quantity of product or service that was sold. To be plotted, a comparison is made between the total revenue generated from any given number of sales and the total revenue generated from selling one extra unit.
Use the information in the table below:
Items Billions of $
Savings deposits 7000
Money market mutual funds 700
M2 13700
Checking deposits 2250
Small time deposits 750
1. What is M1?
2. Now, calculate the amount of currency in billions of dollars in the economy from the given information (assume no traveler's checks).
Answer:
1. $5,250 billion.
2. $3,000 billion.
Explanation:
1. M1 = M2 - Savings deposits - Money market mutual funds - Small time deposits
M1 = $13,700 billion - $7,000 billion - $700 billion - $750 billion
M1 = $5,250 billion
Thus, M1 is $5,250 billion.
2. Currency in circulation = M1 - Checking deposits
Currency in circulation = $5,250 billion - $2,250 billion
Currency in circulation = $3,000 billion
Thus, the amount of currency in circulation is $3,000 billion.
A company issues 9%, 5-year bonds with a par value of $140,000 on January 1 at a price of $145,678, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
Answer:
Semi annual interest payment = $6300
Explanation:
The interest payment of bond is calculated based on the coupon rate of the bond. The coupon rate is the interest rate carried by the bond. This rate can be different from the market interest rate and bond's yield to maturity. The interest payment is calculated by multiplying the coupon rate by the face value of the bond.
Annual interest payment = Coupon rate * Par value
For a semi annual bond, we calculate the interest payment in the same way as the annual bond. However, we just have to adjust the coupon rate for the semi annual period. We multiply the coupon rate by 6/12 as it is a semi annual payment.
Semi annual interest payment = Coupon rate * 6/12 * Par Value
Semi annual interest payment = 0.09 * 6/12 * 140000
Semi annual interest payment = $6300