BUSINESS COLLEGE

Edward Lewis just received a cash gift from his grandfather. He plans to invest in a five-year bond issued by Sunland Corp. that pays an annual coupon rate of 4.5 percent. If the current market rate is 10.00 percent, what is the maximum amount Edward should be willing to pay for this bond

Answers

Answer 1

Answer:

Answer:

$791.51

Explanation:

PMT = 45%

Fv = -1000

N = 5

Rate = 10%

Using the Excel funtion

Bond Price = PV(45, -1000, 5, 10)

Bond Price = $791.51

Hence, the maximum amount Edward should be willing to pay for this bond is $791.51

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Answers

C is the correct answer

In December 2016, Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by using the following cost predictions: overhead costs, $680,000, and direct materials costs, $400,000. At year-end 2017, the company’s records show that actual overhead costs for the year are $897,200. Actual direct material cost had been assigned to jobs as follows.Jobs completed and sold $ 420,000 Jobs in finished goods inventory 76,000 Jobs in work in process inventory 53,000 Total actual direct materials cost $ 549,000 Determine the predetermined overhead rate for 2017.

Answers

Answer:

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Explanation:

Explanation:

The predetermined overhead absorption rate (POAR: The overhead absorption is a rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures

The rate is computed as follows:

Predetermined overhead absorption rate

POAR

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Answers

Answer:

Many times, clients will shift new people into the project who have no experience with it as they move their key people to new challenges. This issue is: One that is external and intellectual.

Explanation:

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Answers

Answer:

The correct answer is behaviorally anchored rating scale.

Explanation:

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Answers

Answer:

Medicaid can provide cost-sharing assistance. Depending on your income, you may qualify for the Qualified Medicare Beneficiary (QMB). If you are enrolled in QMB, you do not pay Medicare cost-sharing, which includes deductibles, coinsurances, and copays.

Explanation:

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Answer:

^^^^

Explanation:

Megan Brink is offered the possibility of investing $6,651 today at 6% interest per year in a desire to accumulate $10,000. How many years must Brink wait to accumulate $10,000

Answers

Answer:

Megan Brink

Brink must wait 6 years to accumulate $10,000 with a present value investment of $6,651.

Explanation:

a) Data and Calculations:

Present value of investment = $6,651

Future value of the investment = $10,000

Interest rate per year = 6%

b) Using an online calculator:

You will need to invest 6.028 periods to reach the future value of $10,000.00.

FV (Future Value) $9,999.99

PV (Present Value) $6,651.00

N (Number of Periods) 6.028

I/Y (Interest Rate) 7.000%

PMT (Periodic Payment) $0.00

Starting Investment $6,651.00

Total Principal $6,651.00

Total Interest $3,348.99

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