QUESTION 23 Meacham Enterprises bonds currently sell for $1,100 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,075.
Answers
Meacham Enterprises bonds currently sell for $1,100 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,075. Given that the bonds pay an annual coupon of $100, it means that the coupon rate of the bond is 10% ($100/$1000).
The yield to maturity of the bond can be determined using the formula:
Yield to maturity = Interest payment + ((Face value - Price)/Time until maturity) / (Face value + Price)/2
Given that the bond will mature in 15 years and has a par value of $1,000, and sells for $1,100,
substituting the values in the formula, Yield to maturity = $100 + (($1,000 - $1,100)/15) / (($1,000 + $1,100)/2)Yield to maturity = 0.99 or 9.9%The yield to maturity is 9.9%.
Therefore, the yield to maturity of the Meacham Enterprises bond is 9.9%.
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Related Questions
evaluate South Africa's approach to redistribution of wealth and income
Answers
Answer:anser is
Explanation:
E
What are the effects of an increase in labor productivity on potential GDP, the
quantity of labor, the real wage rate, and potential GDP per hour of labor?
Answers
An increase in labor productivity can lead to an increase in potential GDP, as it allows more output to be produced with the same amount of labor.
What are the effects of an increase in labor productivity on potential GDP, the quantity of labor, the real wage rate, and potential GDP per hour of labor?An increase in labor productivity can lead to an increase in potential GDP, as it allows more output to be produced with the same amount of labor.
However, the effect on the quantity of labor and real wage rate is less clear-cut. In some cases, an increase in productivity can lead to an increase in the demand for labor and therefore higher wages. In other cases, it can lead to a decrease in demand for labor and lower wages. Ultimately, the effect on potential GDP per hour of labor will depend on the relative changes in output and labor inputs.
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On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.
Answers
Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
look at the picture
Answers
Okay, Lets get started.
For number one lets make a company named "Bluberry"
One way we use technology is for creating our websites, Employing people, and to talk to our workers.
2. BlueberryBoss and BerryPIcker
The rest I have no Idea how to help with.
Mickey Doren's group medical insurance coverage costs $94.50 semimonthly . His employer pays 65% of the cost. How much is the annual premium ?
Answers
Answer: $793.80
Explanation:
The cost of the insurance is $94.50 semi-monthly which means this is paid twice a month.
In a month therefore, the cost is:
= 94.50 * 2
= $189
In a year this is:
= 189 * 12
= $2,268
The employer pays 65% which leaves Mr. Doren with 35%:
= 35% * 2,268
= $793.80
I don’t understand this and need help
Answers
which of these are among the macroeconomic goals of governments? check all that apply.
Answers
Answer:steadily increasing the gross domestic product. Keeping citizens employed. Managing prices throughout the economy
Explanation:
Identify the claim. ""The cost of poor health among uninsured people was almost $125 billion in 2004. "" ""The financial burden of uninsurance is also high for uninsured individuals. "" ""Uninsured people are less likely to receive care and more likely to have poor health status. "".
Answers
The condition of uninsured people in the United States is very well written in the paragraph where it highlights the fact that uninsured people are less likely to receive care and more likely to have poor health status.
What do you mean by medically uninsured?
In the US, more or less than 50 million do not have health insurance, and an additional 10-20% of people do not have insurance.
Uninsured are not eligible for Medicaid, which is the safety net for most Americans, because they do not qualify for country-based benefits, dependent assistance families, or do not meet other financial or class conditions.
The financial burden of medical care is high on uninsured individuals. It is told that most of them disappear as they do not have enough money to cover the high medical expenses.
Thus, we can say that uninsured people are less likely to receive care and more likely to have poor health status due to lack of finance.
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Answer:
“Uninsured people are less likely to receive care and more likely to have poor health status.”
Explanation:
next one is "Uninsurance is a financial burden."
Please post detailed answers to the following questions. Please use complete sentences.
You may have noticed that honesty and ethics are important in finance and business careers. Why is this so important?
Answers
Answer:
see below
Explanation:
Ethics are a set of regulations and that guide people's behaviors. They are a set of generally accepted behavior in society. Ethics in business refers to the deliberate efforts to do the right thing.
Honesty and ethics are important in finance and business careers due to the following reasons
Asset Protection and AssuranceFinance and business professionals deal with sensitive information. They have access to financial records, accounting records, and personal shareholders and employees' records. Honesty and integrity are essential to ensure that the reports they present are accurate and reliable.
The majority of fraudulent activities originate from finance and business departments. Having employees of high integrity in those units will help protect business assets and assure the reliability of financial data.
2. Public Image and Brand Value Increases
Honest and ethical workers add to the goods reputation of a company. Business partners and customers will feel more confident transactions with the company. The company's brand image and value increase in the eyes of the public.
3. Team Work develops:
Honest workers have a relatively easy time working with others. Teamwork increases when employees work responsibly and as expected.
Which type of lighting can damage merchandise if directly focused on it?
Answers
Answer:
incandescent bulbs
Explanation:
I had the same question and I got the answer right.
"Incandescent bulbs": the type of lighting that can damage merchandise is directly focused on it.
What is UV Light & How to Combat It?Radiation with a wavelength longer than the visible range of violet in the spectrum is referred to be ultraviolet light. UV light is frequently produced by the sun. All works on paper, pictures, library and archive collections, museum pieces, leathers, domestic textiles, and collectables are possibly harmed by ultraviolet radiation, as is a skin without sunscreen. In comparison to incandescent light, it is more noticeable in sunshine and fluorescent lighting.
UV-Filtering Materials: These are substances that remove visible light's ultraviolet (UV) rays. The rate of degradation of things and artefacts stored or shown can be decreased by eliminating UV radiation from storage and exhibition spaces. In addition to being used to cover windows or fluorescent light bulbs in museums, UV-filtering material is also readily accessible in the form of acrylic or glass sheets for practical residential uses.
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157. How should a System Administrator configure a report for each sales rep to see their own Open Opportunities
Answers
Complete Question:
How should a System Administrator configure a report for each sales rep to see their own Open Opportunities?
Group of answer choices.
A. Create a report filtered by "My Opportunities".
B. Create a Summary report grouped by Sales Rep.
C. Create a report schedule for each Sales Rep.
D. Create a separate report for each Sales Rep.
Answer:
B. Create a Summary report grouped by Sales Rep.
Explanation:
Database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.
To configure a report for each sales rep to see their own Open Opportunities, a system administrator should create a Summary report grouped by Sales Rep.
This ultimately implies that, the system administrator should use a Summary report that are grouped or categorized by identifiers such as the function (parameter), "Sales Rep" in order to allow each sales representative to see their Open Opportunities respectively.
How does checkout assist help improve the customers checkout experience
Answers
A customer with the help of check-out assist can scan item barcodes before paying for their total shop without needing one-to-one staff assistance.
Self-service checkouts (SCOs), also known as aided checkouts (ACOs) or self-service checkouts, are machines that allow customers to complete their own transactions from a merchant without the need for a traditional staff checkout.
Self-service checkouts are most commonly found in supermarkets, but they are also found in department and convenience stores. Most self-checkout facilities are overseen by at least one staff member, who frequently assists customers with transaction processing, price correction, or other assistance.
Therefore, checkout assist help improve the customers checkout experience.
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what is fiscal policy
Answers
Fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.
What part of the problem-solving process involves thinking about what you would do differently next time?
Question 3 options:
Select the best solution
Evaluate the solution
Execute the solution
Identify consequences
Answers
How does your state’s on-time payment record compare to the national rate?
Answers
It should be noted that my state’s on-time payment record is high compare to the national rate.
What is a credit score?A credit score serves as a numerical expression based on a level analysis of a person's credit files.
This is a term that to represent the creditworthiness of an individual after his account has been checked.
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Homeowners who fail to make mortgage payments can have their house taken away through foreclosure.
A. True
B. False
Answers
Answer:
True
Explanation:
Hope this helps
Answer:
a
Explanation:
What is the principal reason that economists give for the existence of deflationary and inflationary gaps?
Answers
Wages are fixed in the short run is the principal reason that economists give for the existence of deflationary and inflationary gaps.
An inflationary gap is an amount by the way which real aggregate demand exceeds the extent of aggregate demand(expected) required to establish the entire employment. The deflationary gap is the amount by means of which real mixture demand falls brief of combination supply at the stage of complete employment.
Definition deflationary gap – that is the difference between the full employment stage of output and real output. As an example, in a recession, the deflationary gap can be quite extensive, indicative of the high costs of unemployment and underused assets. A deflationary hole is likewise referred to as a terrible output gap.
A short Run in economics refers to a manufacturing planning period in which a commercial enterprise attempts to fulfill the market demand with the aid of maintaining one or more production inputs fixed even as changing others. It varies with industries and differs from the longer term in that the latter considers all inputs as variables.
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Section 3 of the Partnership Act 1961, define partnership as the
relation which subsist
between persons carrying on business in common with a view of
profits. From the
above explanation it is clear th
Answers
Partnership is defined as the relation which subsists between persons carrying on business in common with a view of profits.
The section 3 of the Partnership Act 1961 defines partnership as the relationship that subsists between persons carrying on business in common with a view of profits.
This means that the main objective of a partnership business is to make a profit by sharing the resources and responsibilities among the partners. The business may be formed with two or more persons, with each partner contributing their share of capital, skill, and experience. They are all responsible for the success or failure of the business and share the profits or losses proportionally.
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Create a journal entry and a T-Account entry for each of the following transactions:
1. $150,000 worth of medical supplies is purchased in cash.
- account:
-debit:
-credit:
-Inventory;
-supplies;
-cash;
2. $90,000 worth of computer parts is purchased. Half of the payment is paid in cash, the other part is paid on account.
- account:
-debit:
-credit:
-Inventory;
-supplies;
-cash;
-account payable;
3. $ 5,000 worth of medical inventories has some defects. Due to the defects, this part is returned to seller. The seller paid in cash for the returned supplies.
- account:
-debit:
-credit:
-Inventory;
-supplies;
-cash;
4. Bills are submitted to insurance companies in the amount of $190,000 for services rendered to patients
- account:
-debit:
-credit:
- account receivable;
- patient service revenue;
5. Cash payments of $90,000 are received for services previously provided and billed:
- account:
-debit:
-credit:
- account receivable;
- cash
7. Due to a medical device breakdown, a repairment is purchased by a tech service. $ 15,000 is paid in cash.
- account:
-debit:
-credit:
- maintenance and repair expenses;
- cash;
8. Wages due to employees that had been previously recorded as a liability are now paid in cash in the amount of $190,000.
- account:
-debit:
-credit:
- wages payable;
- cash;
9. A 1-year insurance policy is purchased for $80,000 in cash.
- account:
-debit:
-credit:
- prepaid insurance;
- cash;
10. December 31. At year end, insurance adjustment 1 year insurance used.
- account:
-debit:
-credit:
-insurance expenses;
- prepaid insurance;
Answers
1. Journal entry: Debit Inventory $150,000, Credit Cash $150,000
T-Account entry: Debit Inventory $150,000, Credit Cash $150,000
This transaction involves the purchase of $150,000 worth of medical supplies in cash. The journal entry and T-Account entry both show an increase in the Inventory account and a decrease in the Cash account by the same amount. This reflects the purchase of supplies with cash 2. Journal entry: Debit Inventory $90,000, Debit Supplies $90,000, Credit Cash $45,000, Credit Accounts Payable $45,00 T-Account entry: Debit Inventory $90,000, Debit Supplies $90,000, Credit Cash $45,000, Credit Accounts Payable $45,000 this transaction involves the purchase of $90,000 worth of computer parts, with half of the payment made in cash and the other half on account. The journal entry and T-Account entry both reflect an increase in the Inventory and Supplies accounts, as well as a decrease in Cash and an increase in Accounts Payable.
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Which of the following businesses is using an incentive?
A. Company B, where there is conflict between the workers and the
management
B. Company C, where the government is intervening to prevent fraud
C. Company A, where the employees have voted for a four-day
workweek instead of a pay increase
D. Company D, where there is a greater demand for a product than
can be met
Answers
Answer:
d
Explanation:
A credit union is a financial institution that:
A. accepts deposits and makes loans without earning profits.
B. offers short-term loans with high interest rates.
C. specializes in financial services for small businesses.
D. uses a person's car as collateral to secure a loan.
Answers
A credit union is a financial institution that accepts deposits and makes loans without earning profits. Thus the correct option is A.
What is a financial institution?A financial institution is structured authority that allows an individual to deposit and withdraw cash and allow them to borrow funds with a fixed interest rate for the purpose of investment.
With the offering of goods at reasonable fees and rates, financial institutions serve their members. This is how the credit union becomes a non-profit organization by converting interest and fees into things it delivers.
Real estate lending is a specialty of savings and loan organizations and savings banks, notably loans for separate homes and other residential properties.
Therefore, option A is appropriate.
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when renee got paid last week, she deposited her $1,000 paycheck in her bank account. let's say that her bank holds required reserves of 10% and excess reserves of 10%. explain why the money supply does not increase at all as a result of her being paid. g
Answers
The reason why the money supply would not increase as a result of Renee being paid is that the money was deposited in a checking account.
How does money supply increase?There are several ways that money supply can increase including the purchase of government bonds by the public, and deposit of money at banks. When people deposit money in banks, the bank would take the money and repackage it as a loan. This money would then be given to someone else who would then deposit it in their account. This process goes on and each time creates more money and increases money supply.
However, for money supply to increase this way, the money deposited would need to be in the account long enough to be a loan. This cannot happen in checking accounts as these are regularly used by the owners. It is therefore likely that Renee deposited the salary into a checking account such that the bank could not use it for loans and so money supply did not increase.
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Calculating Present Values Imprudential, Ine., has an unfunded perision liability of 5750 million that must be paid in 20 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant diseouat rate is 6.25 percent, what is the presen value of this tiability?
Answers
Liability is the state of being legally responsible for something.The present value of the liability is approximately $2,128.45 million.
Calculating the present value of the unfunded pension liability, we need to discount the future payment of $5,750 million back to the present using the relevant discount rate of 6.25 percent. The formula for calculating the present value is:
\(PV = FV / (1 + r)^n\)
Where:
PV = Present value
FV = Future value
r = Discount rate
n = Number of years
Plugging in the values, we get:
PV = 5,750 million / (1 + 0.0625)²⁰
PV ≈ 2,128.45 million
The present value of the unfunded pension liability for Imprudential, Inc. is approximately $2,128.45 million.
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Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time of the sale?
Answers
Answer:
$24
Explanation:
500 * 18 = $9000 worth of stock initially.
She sells with a $3000 gain, which means the value of the stock is $12000
12000/500 = $24
After a strong hurricane lashed the Caribbean last year, many impacted countries were forced to borrow money for repairs. Which organization would most likely be responsible for lending the money in this example
Answers
Answer: World bank
Explanation:
The International Monetary Fund (IMF) is the organization that would most likely be responsible for lending the money in this case,
The International Monetary Fund is an international body that offers loans and other forms of assistance to facilitate establishment and maintenance of a country's economy.
In conclusion, the International Monetary Fund (IMF) is the organization that would most likely be responsible for lending the money in this case,
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what is the value of ln(-1)
Answers
Undefined
Explanation:
The natural logarithm of a negative number is undefined.
in the hvacr trade tubing is joined together by what?
Answers
Answer:
Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.
Every morning, the pupils ………………….. in the hall to listen to the Principal.
1) crowded 2) paraded 3) gathered 4) assembled
Answers
Answer:
assembled
Explanation:
hope it helps you mark as brainlistboth dividends paid and dividends declared during the year are reported in the statement of cash flows. State True or False your answer:
a. True
b. False
Answers
Answer:
B. False is the correct answer.
Explanation:
3. How would the length of the shadow at noon compare with the length of the shadow in the late afternoon?
Answers
In the morning your shadow will point west and in the afternoon it will point east. If your shadow is long, it is near sunrise or sunset. Your shadow is shortest around noon
The length of the shadow at noon would is quite different from the length of shadow in late afternoon.
What is Shadow?A shadow is a dark spot that is created when light is blocked.
The light could be blocked by an object thereby creating a shadow.
The length of shadow varies depending on the angle of the light.
Therefore, the length of the shadow at noon would is quite different from the length of shadow in late afternoon.
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