the income statement section of a worksheet shows total debits of $10,000 and total credits of $12,000. net income (loss) is:
Answers
The total debits of $10,000 and total credits of $12,000 indicate that there is a net income of $2,000.
In accounting, the income statement shows the revenues, expenses, and net income (or loss) of a company for a specific period. The total debits and credits in the income statement section of a worksheet should be equal, as they represent the same transactions. If the total credits exceed the total debits, it means that the company has earned more revenue than it has incurred expenses, resulting in a net income. Conversely, if the total debits exceed the total credits, it means that the company has incurred more expenses than it has earned revenue, resulting in a net loss.
In this case, the total credits of $12,000 exceed the total debits of $10,000 by $2,000. Therefore, the net income is $2,000.
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Therefore, the net income would be $2,000.The net income in this case is $2,000. Since the total credits are larger than the total debits, it indicates a net income rather than a net loss.
To determine the net income (loss) in the income statement section of a worksheet, you need to compare the total debits and total credits. In this case, the total debits are $10,000 and the total credits are $12,000.
Step 1: Identify the larger amount between total debits and total credits. In this case, the total credits of $12,000 are larger.
Step 2: Subtract the smaller amount (total debits) from the larger amount (total credits).
$12,000 (total credits) - $10,000 (total debits) = $2,000
Based on the information provided, the income statement section of the worksheet shows a net credit balance of $2,000 ($12,000 credits minus $10,000 debits).
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Related Questions
What accounts are affected. issued check $644 to pay for an advertisement
Answers
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
Which measure of central tendency would a baseball manager be most likely to rely on in picking a pinch hitter in a tie game
Answers
Answer:
mean
Explanation:
Is savings a gross income?
Answers
No, Savings should be treated as another type of Net Income and not gross income.
Net income (NI), likewise called net profit, is determined as deals less expense of products sold, selling, general and managerial costs, working costs, devaluation, interest, charges, and different costs. It is a helpful number for financial backers to survey how much income surpasses the costs of an association. This number shows up on an organization's pay proclamation and is likewise a sign of an organization's benefit.
Gross income alludes to a singular's total earnings or pre-tax earnings, and NI refers to the difference after factoring deductions and taxes into gross income. To work out available pay, which is the figure utilized by the Internal Revenue Service to decide personal assessment, citizens take away allowances from gross pay. The contrast between available pay and personal duty is a singular's NI.
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a major contribution of is to establish project administration procedures for selecting, initializing and planning, budgeting, and scheduling projects as well as to serve as a repository for reports on the performance of the planning, budgeting, scheduling, and resource allocation processes.
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Project administration establishes procedures for project selection, initiation and planning, budgeting, and scheduling. It also serves as a repository for reports on the performance of these processes, enabling organizations to improve their project management practices.
A major contribution of project administration is the establishment of procedures for various aspects of project management. These procedures include selecting projects, initiating and planning them, creating budgets, and scheduling tasks. Additionally, project administration serves as a repository for reports on the performance of planning, budgeting, scheduling, and resource allocation processes.
To begin, project administration involves a thorough evaluation of potential projects to determine their feasibility and alignment with organizational goals. This selection process ensures that resources are allocated to projects with the highest potential for success.
Once projects are selected, project administration guides the initiation and planning phases. This includes defining project objectives, creating work breakdown structures, identifying project dependencies, and establishing timelines. These procedures help ensure that projects are well-structured and set up for success.
Furthermore, project administration plays a crucial role in budgeting by allocating financial resources to different project activities. By accurately estimating costs and monitoring spending, project administrators help maintain financial control throughout the project lifecycle.
Similarly, project administration is responsible for scheduling tasks and activities. This involves creating project timelines, assigning resources, and coordinating the efforts of various team members. Effective scheduling ensures that projects stay on track and meet their deadlines.
Lastly, project administration acts as a repository for reports on the performance of planning, budgeting, scheduling, and resource allocation processes. These reports provide valuable insights into the effectiveness of project management practices, allowing for continuous improvement and informed decision-making.
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Project administration is essential for streamlining project management activities, ensuring project success, and achieving organizational objectives.
The major contribution of project administration is to establish procedures for various aspects of project management, including selecting, initializing and planning, budgeting, and scheduling projects. It also serves as a repository for reports on the performance of these processes.
Let's break down each component:
1. Selecting projects: Project administration helps in identifying and choosing the right projects that align with the organization's goals and objectives. It involves evaluating project proposals, conducting feasibility studies, and determining the potential benefits and risks associated with each project.
2. Initializing and planning: Once a project is selected, project administration ensures that it is properly initiated and planned. This includes defining project objectives, setting deliverables and milestones, creating a project plan, and allocating resources. It also involves determining project timelines and identifying dependencies between different tasks.
3. Budgeting: Project administration establishes procedures for budgeting, which involves estimating the costs required to complete the project. This includes analyzing the resources needed, such as labor, materials, equipment, and overhead expenses. Budgeting helps in allocating funds appropriately, monitoring expenditures, and controlling project costs throughout its lifecycle.
4. Scheduling: Project administration plays a crucial role in creating project schedules. It involves determining the sequence of activities, estimating the time required for each task, and identifying the critical path - the longest sequence of activities that determines the project's duration. Scheduling helps in coordinating project activities, managing deadlines, and tracking progress.
5. Resource allocation: Project administration ensures efficient allocation of resources to meet project requirements. It involves assigning tasks to team members, monitoring resource availability, and resolving conflicts that may arise due to resource constraints. Proper resource allocation helps in optimizing productivity and maximizing project outcomes.
By establishing these procedures and serving as a repository for reports, project administration enables effective project management and provides valuable insights into the performance of the planning, budgeting, scheduling, and resource allocation processes. These reports can be used to evaluate project success, identify areas for improvement, and make informed decisions for future projects.
Overall, project administration is essential for streamlining project management activities, ensuring project success, and achieving organizational objectives.
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you are purchasing an inkjet printer cartridge for home use that you know has an msds. how do you obtain the msds for this product?
Answers
When purchasing an inkjet printer cartridge for home use, you can obtain the MSDS (Material Safety Data Sheet) for this product by following these steps:
Step 1: Search for the Product - Search for the product on the manufacturer's website by using the name and model number of the inkjet printer cartridge.
Step 2: Locate the MSDS - After finding the product, look for the MSDS. It is usually located under the "Resources" tab, "Safety" tab, or "Support" tab. Sometimes, manufacturers provide a separate website dedicated to providing MSDSs.
Step 3: Download the MSDS - Click on the link to download the MSDS in PDF format. Some manufacturers may require you to fill out a form before you can download the MSDS, but this is not always the case. After downloading the MSDS, print a copy and keep it in a safe place for future reference.
MSDSs provide important information about the chemical composition, physical properties, and health hazards of a product. They also contain information on safe handling, storage, and disposal. Reading the MSDS before using a product can help you avoid potential hazards and prevent accidents.
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An associate broker terminates with a broker. The employing broker refuses to turn the license over to the Commission. Which of the following is true?
a. Automatic fine for the Employing Broker
b. The Employing Broker may be subject to disciplinary action
c. Employing broker's license is immediately suspended
d. Both associate and employing brokers may have their licenses canceled
Answers
Answer:
d. Both associate and employing brokers may have their licenses canceled
Owen Company's unadjusted book balance at June 30 is $11,400. The company's bank statement reveals bank service charges of $80. Two credit memos are included in the bank statement: one for $1,170, which represents a collection that the bank made for Owen, and one for $120, which represents the amount of interest that Owen had earned on its interest-bearing account in June. Based on this information, Owen's true cash balance is:
Answers
Answer:
Cash Balance = $12610
Explanation:
We can calculate the adjusted or true cash balance of Owen by making adjustments in the book balance using the transactions that only appear on the bank statement and are missing from the book balance calculation.
1. The bank service charges are a deduction that bank has made from the bank account of Owen. This, they should be deducted from the book balance.
2. A collection of $1170 made by the bank on Owen's behalf will increase the account balance of Owen. Thus, it should be added to the book balance.
3. The interest earned by Owen is also an addition to the bank balance and should be added in the unadjusted book balance.
The new or true cash balance of Owen will be,
Cash Balance = 11400 - 80 + 1170 + 120
Cash Balance = $12610
what is a skill ?
1. A person may be interested in an occupation.
2. the ability to do a certain task well.
3. Work that you do
4. Needs
Answers
According to the consumer behavior model, what are the major categories of influence on the purchase decision process
Answers
Answer:
psychological and sociocultural influences
Explanation:
the net effect of most of franklin roosevelt's early foreign policy moves was that
Answers
The net effect of most of Franklin Roosevelt's early foreign policy moves was to remove the United States from a position of isolationism and to actively intervene in global affairs.
Franklin D. Roosevelt was the United States' thirty-second president. Before he became president in 1933, the United States had chosen to isolate itself from global events after World War I. Roosevelt was elected to three presidential terms and, with his New Deal and foreign policy interventions, transformed the role of the federal government during the Great Depression.
Roosevelt started taking a number of actions on foreign policy very early in his presidency. In 1933, he announced that the United States would cease participation in the London Economic Conference and seek to increase trade outside of Europe. He also recognized the Soviet Union in 1933 and extended diplomatic recognition to the Communist government.The United States would no longer be a country of isolationism as a result of Roosevelt's early foreign policy actions. As a result of Roosevelt's actions, the US would become increasingly engaged in global affairs, with Roosevelt at the helm.
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MNCs from emerging markets (India, China, and Brazil) are beginning to challenge the dominance of developed country MNCs. What are some advantages that firms from emerging markets bring to their global business? How might MNCs from North America, Europe, and Japan respond to these challenges?
Answers
High growth potential is the main benefit of investing in emerging markets. MNCs from North America, Europe, and Japan should study the consumer response and act accordingly.
An emerging market is one that differs from the norms of an established market but exhibits some characteristics of that market (or an emerging country or an emerging economy). This includes markets that are developing presently or have done so in the past. Developing countries with less developed, riskier, or liquid capital markets than "emerging" markets are referred to as "frontier markets." Emerging market economies are those of developing nations that are growing and integrating more and more into global markets. Emerging market economies are those that have some of a mature market's characteristics but not all of them.
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How have newer work models made the workplace more efficient?
Answers
Explanation:
Don't be Afraid to Delegate. While this tip might seem the most obvious, it is often the most difficult to put into practice. ...Match Tasks to Skills. ...Communicate Effectively. ...Keep Goals Clear & Focused. ...Incentivize Employees. ...Cut Out the Excess. ...Train and Develop Employees. ...Embrace Telecommuting.Answer:
1)Assign a task to the person with the right skills. When a new assignment arises, managers tend to think: "Who on my staff has time to take this on?" This is not an effective way to make a decision.
2)Limit meetings: Let's face it: Unless it's a necessary client meeting or important brainstorm session, nine times out of 10,
3)Systematize processes to save people time. There may be old ways of doing things in your company that take up a lot of time. When you ask managers why you do things that way, they may say: "Well, that's just how we've always done it."
4)Provide quiet, uninterrupted spaces to work. This goes back to those colleagues disrupting your work to discuss personal issues. Most people work better in an environment without a lot of noise. Cubicle farms make it hard to accomplish meaningful work. The open physical layout of many offices today, as well as "open-door" policies establish an open invitation for co-workers to interrupt others.
5)Determine where people need to be located. Companies are beginning to realize that telework saves them money and greatly increases productivity. Employees working from home tend to accomplish more than their counterparts sitting in an office. This is mainly due to the lack of office distractions listed above and the extra time people can put into work since they can start and end their day during typical commute times. Also, business travel is not always a necessity, as it is both a high monetary and time cost to incur.
Explanation:
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Question 21 of 25
Which type of wave interaction is shown by the water waves in the photo?
A. Refraction
B. Diffraction
C. Interference
D. Reflection
Answers
Answer:
I Believe C. (Interference) Is your answer
Explanation:
Interference Definition
the combination of two or more electromagnetic waveforms to form a resultant wave in which the displacement is either reinforced or canceled.
Sorry If I'm wrong :(
Hope I helped!!!!!!!!!
The type of wave interaction shown by the water waves in the photo is interference. The correct option is c.
What is interference?Interference is a phenomenon in which two coherent waves are combined by adding their intensities or displacements with due consideration for their phase difference. The resultant wave may have greater intensity or lower amplitude if the two waves are in phase or out of phase, respectively.
Interference effects can be observed with all types of waves, for example, light, radio, acoustic, surface water waves, gravity waves, or matter waves as well as in loudspeakers as electrical waves. The principle of superposition of waves states that when two or more propagating waves of the same type are incident on the same point, the resultant amplitude at that point is equal to the vector sum of the amplitudes of the individual waves.
If a crest of a wave meets a crest of another wave of the same frequency at the same point, then the amplitude is the sum of the individual amplitudes this is constructive interference.
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Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Answers
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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Formulate the LP Ex: Profit is in $/ product and time is in hr/ product. Total labor hours available for the manufacturer is 60hrs Decision - Choose product mix of the three washer models. Variables −x
1
,x
2
,x
3
Objective - Maximize Profit. Constraints - Total labor hours available.
Answers
LP Formulation:
Objective function:
Maximize Profit: P = 10x1 + 8x2 + 12x3
Constraints:
Total labor hours available: x1 + 2x2 + 1.5x3 ≤ 60
Variable bounds:
x1 ≥ 0, x2 ≥ 0, x3 ≥ 0
In this linear programming (LP) problem, the objective is to maximize profit. The decision variables x1, x2, and x3 represent the product mix of three washer models. The objective function calculates the total profit by multiplying the profit per product for each washer model with its respective decision variable. The goal is to find the values of x1, x2, and x3 that maximize the profit.
The constraint represents the total labor hours available, which should not exceed 60 hours. The left side of the constraint equation represents the total labor hours required for producing each washer model, multiplied by their respective decision variables. The inequality ensures that the total labor hours used does not exceed the available hours.
The variable bounds state that the decision variables x1, x2, and x3 must be greater than or equal to zero, indicating that the number of each washer model produced cannot be negative.
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Obtaining data by manipulating factors under tightly controlled conditions to test cause and effect (type of causal research) Dis- outside factors (competitors) can distort the results and affect the dependent variable (sales)
Answers
Involves gathering information through the testing of cause and effect while altering variables under strictly regulated conditions, an example of casual research.
How can a relationship between two variables be established that is cause and effect?The most reliable method for determining the relationship between variables is to utilize a controlled study. In a controlled study, the sample or population is divided in two, and both groups are nearly identical. After that, the two groups are given various therapies.
What is the cause-and-effect methodology?Using a process called cause and effect analysis, you can find all of the potential reasons why a problem exists. This means that the problem won't keep recurring if you can identify and address the primary cause the first time.
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Courtney is a senior in college and just started her first job as a sales associate. At her new job, she expects to make about $24,000 per year. She is excited to receive her first paycheck, which is given twice a month. Courtney learns that 15% of her gross pay will be withheld for federal income tax, 4% for state income tax and 6% for Social Security and Medicare taxes. Help Courtney figure out what her take home, or net pay is, and how much she will pay in taxes each paycheck.
State:
Social Security and Medicare:
Answers
Answer:
Take home $750
Taxes =$250
Explanation:
Courtney earns $24,000 per year. She is paid twice per month. One year has 12 months. Courtney will be paid 24 times a year.
Courtney will be paid $24,000/ 24 times per paycheck
=$1000
Her deductions will be
1. Federal income tax 15% of 1000
=15/100 x $1000
=$150
2. State income tax
=$4% of 1000
=4/100 x 1000
=$40
3. Social security and medicare
=6% of 1000
=6/100 x 1000
=$60
take home will be gross pay - total deductions
=$1000-($150+$40+$60)
=$1000 -$250
=$750
Total taxes per pay check =$250
plz help
Read the following scenario:
An up-and-coming rock band is interested in producing their first album. The band has researched the process of creating a digital album and invested in some recording equipment. However, they still need to cover some production and distribution costs. Which of the following would best help this band meet their production and distribution goals?
holding a benefit concert to raise funds for production
applying for a small-business loan from a bank
creating a crowdfunding site on the internet
selling pre-orders of their album to fans
Answers
Answer:
creating a crowdfunding site on the internet
Explanation:
took test
Answer:
C: creating a crowdfunding site on the internet
Explanation:
edg2021
(100 on unit test)
What is information that CANNOT be measured and expressed in numbers? Question 1 options: Personal Information Target Market Data Qualitative data Quantitative data
Answers
Answer:
Qualitative data
Explanation:
Qualitative data is one that is used to characterise and categorise attributed of a population, as such it does not involve the use of numbers.
For example sex, state of origin, citizenship, name, and so on.
On the other hand the other options can be expressed as numbers. That is Personal Information, Target Market Data, and Quantitative data.
Basically qualitative data is descriptive rather than quantitative
Calculate the total revenue if the firm produces 8 versus 7 units. Then, calculate the marginal revenue of the eighth unit produce
Answers
The total revenue at the 7th and 8th unit will be $1155 and $1280 respectively while the marginal revenue is $125.
From the complete information, the total revenue at the 7th unit will be:
= 165 × 7 = $1155
The total revenue at the 8th unit will be:
= 160 × 8 = $1280
The marginal revenue will be:
= $1280 - $1155 = $125
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essay on trade unions and labor restrictions
Answers
Answer:
A trade union is an association of workers from certain professions for the purpose of promoting common interests related to their work. The work of trade unions is thus usually about work-related issues such as wages, job security, leisure time, but also about things like education and job titles where applicable. Trade unions negotiate wages and conditions with employers in wage agreements they make on behalf of their unions. Thus, these unions seek to maximize the rights of workers in their work spaces, trying to ensure that employers respect the rights of their employees without restriction of any kind.
If a loss from sale or exchange of property between related parties is disallowed and the property is subsequently sold to an unrelated party: a.The unrelated party may claim the loss previously disallowed. b.The disallowed loss is lost forever. c.The disallowed loss may be used to offset gain on the subsequent sale. d.An amended return may be filed to claim the loss previously disallowed. e.The disallowed loss may be used if there is a further loss on the subsequent sale.
Answers
Answer:
The disallowed loss may be used to offset gain on the subsequent sale
Explanation:
A recognized gain or loss is simply refered to as the gains or losses that increase or decrease the gross income of taxpayers.
The Internal Revenue Code (IRC) §267 had laid out rules guiding or relations to the deductions of either losses or expenses between 2 or more related parties.
The related-party loss disallowance rules states that tax laws significantly treat parties involved as though they are the same taxpayer and does not allow recognition of losses on sales to related parties and it may be able to forthrightly deduct the disallowed loss by selling the property to an unrelated third party at a gain and also oonly if the related buyer sells the property at a gain(the related-party buyer sells it for more than she purchased it for).
On the condition that the related-party buyer sells the property for less than her purchase price from the related seller, then disallowed loss expires unused.
Which is an organizational unit that is useful for collecting and aggregating similar data on separate forms?
Subforms
Subreports
Tab pages
Keyboard shortcuts
Save and Exit
Answers
Answer:
a.subforms
Explanation:
What must be established in an agency of necessity?
a，A real emergency.
b，inconvenience to obtain instructions of the principal.
c，agent acted as a matter of convenience.
d，failure of the agent to obtain instructions of the principal.
Answers
These include a real emergency, the inconvenience of obtaining instructions of the principal, the agent acting as a matter of convenience, and the failure of the agent to obtain instructions of the principal.
In a situation where a real emergency arises, an agent can act on behalf of the principal without obtaining prior instructions. An emergency situation is any situation that demands immediate action and may include life-threatening circumstances or property damage that is about to occur. Inconvenience is another factor that may necessitate the agent to act in the interest of the principal without prior instructions.
The fact that the agent acted as a matter of convenience must also be established in an agency of necessity. Sometimes, the agent may act for the principal without explicit instructions, especially in situations where the principal is inaccessible.
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When constructing a cvp graph, the vertical axis represents ______.
Answers
Answer:Dollars
Explanation:
Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.
Answers
Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.
What is Copywriting?Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.
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A vast global network that is made up of many smaller interconnected networks is known as
Answers
Answer:
The internet
Explanation:
How do you write a business pitch???
Answers
Answer:
A business pitch is a presentation by one or more people to an investor or group of investors.
Explanation:
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The best business pitch gets to the heart of the matter quickly in order to keep investors from losing interest or worse yet, thinking there's no point to the presentation. Get to the meat of the pitch as soon as possible; if investors don't understand the idea right away, they'll think customers won’t understand it either.
You may want to consider starting with an elevator pitch, so named because it should be short enough to deliver during a brief elevator ride. It can introduce your business pitch and is handy if you stumble across a brief opportunity to sell your idea to a potential investor (for instance, if you find yourself riding to the tenth floor with the likes of Bill Gates). An elevator pitch is a concise and carefully planned description of your company or idea that can be quickly and easily understood. In a longer business pitch, the elevator pitch can be used as the hook: a line or two in your business writing that captures the attention of potential investors.
Once you've started off your business pitch with a brief overview of your business idea, it’s time to flesh out the details. You want to get across the reasons investors should to buy in; for example, what benefits will investors receive if they provide the necessary capital? Your business pitch might include the following:
It is important to do your research. You must know your product, audience, and competitors well and should be prepared to answer any questions potential investors may have. It is important to ensure you are pitching your idea to the right people. Research potential investors and ensure your pitch idea is well-matched to their interests.
While your overall idea is the most important part of your business pitch, make sure to polish the details: be sure your numbers are correct and have evidence to validate any claims you make. Use powerful, convincing words and avoid using superlatives or hyperbole; and, of course, edit your pitch to ensure you have used proper grammar, spelling, and punctuation! You want potential investors to judge your business pitch based on merit rather than surface errors..l
Kardy Corpora's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 7.50%, based on semiannual compounding. What is the bont's price? 0
Answers
To calculate the price of Kardy Corporation's bond, we can use the present value formula for a bond's cash flows: Price = (C / (1 + rd/2)) + (C / (1 + rd/2)^2) + ... + (C / (1 + rd/2)^n) + (M / (1 + rd/2)^n)
Where: C = Coupon payment per period, rd = Discount rate (semiannual yield to maturity), n = Number of periods, M = Par value of the bond
In this case:
C = $1,000 * 7.25% / 2 = $36.25 (since the coupon is paid semiannually)
rd = 7.50% / 2 = 0.0375 (semiannual yield to maturity)
n = 15 years * 2 = 30 periods (since the coupon is paid semiannually)
M = $1,000 (par value)
Now, we can plug in these values into the formula:
Price = ($36.25 / (1 + 0.0375)^1) + ($36.25 / (1 + 0.0375)^2) + ... + ($36.25 / (1 + 0.0375)^30) + ($1,000 / (1 + 0.0375)^30)
To simplify the calculation, we can use a financial calculator or spreadsheet software. The calculated price of the bond is approximately $1,139.07.Therefore, the price of Kardy Corporation's bond is approximately $1,139.07.
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\Why is it important to consider scholarships and grants before loans to pay for higher education?
Answers
Answer:
Explanation:
Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.
Loans can also be given for education costs but you DO have to pay them back. So, obviously, you want scholarships and grants before loans.