Answer:
7.8%
Explanation:
Calculation for the Coupon Rate of a bond that makes semi-annual coupon payments
Current Price = $967.70
Par value = $1000
r = semi annual YTM = 8.2%/2 = 4.1%
n = 13.5*2 = 27 semi annual years
C = semi annual coupon
Using this formula
Current Price = [C * [1 - (1+r)^-n] / r] + [Par Value / (1+r)^n]
Let plug in the formula
$967.70 = [C * [1 - (1+4.1%)^-27] / 4.1%] + [$1,000 / (1+4.1%)^27]
$967.70 = [C * 0.662067234 / 0.041] + [$1,000 / 2.95916851]
$967.70 = [C * 16.1479813 ] + $337.932766
[C * 16.1479813] = $629.767234
C = $38.99975
Now let calculate the Coupon rate using this formula
Coupon rate = 2 * C / Par Value
Let plug in the formula
Coupon rate= 2* $38.99975 / $1,000
Coupon rate= $77.9995 / $1,000
Coupon rate= 0.0779995
Coupon rate= 7.8%
Therefore the Coupon rate will be 7.8%
On July 31, 2017, Crane Company had a cash balance per books of $6, 245.00. The statement from Dakota State Bank on that date showed a balance of $7, 795.80. A comparison of the bank statement with the Cash account revealed the following facts.
1. The bank service charge for July was $16.00.
2. The bank collected $1, 625.00 for Crane Company through electronic funds transfer.
3. The July 31 receipts of $1, 307.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to L Taylor, a creditor, for $384.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $348.00.
5. Checks outstanding on July 31 totaled $1, 965.10
6. On July 31, the bank statement showed an NSF charge of $680.00 for a check received by the company from W. Krueger, a customer, on account.
Prepare the bank reconciliation as of July 31.
Answer and Explanation:
The preparation of the bank reconciliation is presented below:
cash balance per books $6,245.00
Less Bank Service Charge $16
Less error correction for check No.2480 $36 ($384 - $348)
Add: note receivable collected $1,625
Less: NSF check $680
Adjusted cash book balance $7,138
bank statement balance $7,795.80
Less: Outstanding checks $1,965.10
Add: Deposits in transit $1,307.30
Adjusted bank statement bal. $7,138
What action should a project manager take to ensure effective project governance?
Answer:
Prioritize clear, reachable, and sustainable goals during the closing phase
What U.S. State is known as the Beehive State?
Answer:
Utah
Explanation:
Utah territory became a state in 1896 and retained the beehive symbol on their flag.
Hope it helps!
Answer:
Utah is known as the beehive state
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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In what ways do goals and objectives help managers control various processes within an organization? How do specific and measurable goals affect employees and promote organizational performance? Provide an example from your own experience of when a specific goal or objective provided beneficial control over a process. Explain what the beneficial control was and how did it positively impact organizational performance.
Textbook: Principles of Management-v.1.1
Answer:
In what ways do goals and objectives help managers control various processes within an organization?
Goals establish the basis of the corporate strategy. Without clear goals, managers cannot devise and implement a corporate strategy, and without a corporate strategy, the firm does not have a clear path of action.
As we can see, goals are very important for an organization because they determine what the company should achieve, and what actions and policies the company should implement in order to achieve it.
How do specific and measurable goals affect employees and promote organizational performance?
Employees become motivated because they can actually see what their performance is like, and how it can be improved upon in case its not meeting the organizational performance standards.
However, managers should be careful when setting these measurable goals, and should also be flexible: if an employee does not meet these goals in his first attempt, they should try to understand why, and work with the employee so that he or she can improve their performance.
Specific and measurable goals and objectives can allow managers to make more practical decisions and better control over employees to achieve goals. Practical decisions mean that the goals are realistic, and the goals are time-based and measurable.
Furthermore, goals and objectives can offer a form of control as they provide communication opportunities about how effectively or poorly the company is executing its plans.
Finally, managers can emphasize positive practices in the organization to employees because they understand what to do, what must be achieved, and when to achieve it.
To illustrate how a specific goal or objective provides useful control over a process, I will explain through my experience as a tour guide. Our goal can be as simple as making the trip enjoyable. So I have to set a specific and observable objective for my members in terms of goal sections. I gave them a checklist to make sure that they had taken everything in their package, such as license, visa, local currency, and that they had to do it by the time they left the house and arrived at the gathering point on time.
As a result, my members know what to do, and we do not have to waste time because something is missing. As I said, I explained the goals for each move to ensure that everything was under control. If I had not arranged a meeting time and place, they would not be sure when or where they can come.
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A bank has a 10 percent reserve requirement, $36,000 in loans, and has loaned out all it can given the reserve requirement. a. It has $3,600 in deposits. b. It has $32,400 in deposits. c. It has $39,600 in deposits.d. It has $40,000 in deposits.
The correct answer is option d) It has $40,000 in deposits. The reserve requirement is 10%, which means that the bank must hold 10% of its deposits in reserves.
This also means that the bank has loaned out 90% of its deposits. If the bank has $40,000 in deposits, then it has loaned out 90% of that, or $36,000. This is exactly the amount of loans it currently has, so this option is possible. In a fractional reserve banking system, banks are required to hold a certain percentage of their deposits as reserves, and can loan out the rest. This matches the amount of loans the bank currently has, so it is possible for the bank to have $40,000 in deposits under these conditions.
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Why is it important to stick to a study schedule even if you are caught up with everything? a It guarantees higher grades on your exams. b It helps to create good study habits. c It is time set aside so you can take a break from watching television. d It gives you more time to play your favorite game without interruption.
Answer:
Explanation:
B - It helps to create good study habits.
In all 50 states, the retail industry supports at least one in every:
A. 3 jobs
B. 10 jobs
C. 5 jobs
D. 7 jobs
Retailers are the heart of every local community. Small businesses and entrepreneurs are engines of local commerce, employing and serving their neighbors. Which of the following statements is true?
A 67.8 of all Retail Businesses employ fewer than 50 employees
B 72.7 of all Retail Businesses employ fewer than 50 employees
C 88.6 of all Retail Businesses employ fewer than 50 employees
D 98.6 of all Retail Businesses employ fewer than 50 employees
NEED HELP ASAP!!! PLS SKIP AND DONT GUESS IF YOU DONT KNOW!!! WILL MARK BRAINLIEST!! 15+ POINTS!!!
1. We can see here in all 50 states, the retail industry supports at least one in every: B. 10 jobs.
2. The statement that is true is: C. 88.6% of all Retail Businesses employ fewer than 50 employees.
What is a retail industry?The retail industry refers to the sector of the economy that encompasses businesses involved in the sale of goods or services directly to consumers. It involves the process of purchasing goods or services from manufacturers, wholesalers, or suppliers and selling them to individual customers for personal use.
Retailers play a crucial role in connecting producers or suppliers with consumers.
According to the information provided, 88.6% of all retail businesses employ fewer than 50 employees. This highlights the significant presence of small businesses and entrepreneurs in the retail industry.
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What is one direct result of competition in a free-market economy?
A. Some companies may go out of business.
B. The need for advertising will decrease.
C. The unemployment rate will stay at a constant level.
D. Some governments may control the market.
The direct result is Option A. Some companies may go out of business.
Result of competition in a free-market economyA direct result of competition in a free-market economy is that some companies may go out of business.
In a competitive market, companies must continuously innovate, improve efficiency, and offer better products or services at competitive prices to stay relevant and profitable.
Those that fail to do so may lose customers and market share, leading to decreased revenues and ultimately bankruptcy.
This dynamic of creative destruction is a key feature of free-market economies, as it allows new and innovative companies to emerge, leading to better products, lower prices, and increased economic growth.
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robbery prevention at dollar general cbl test
Answer: i have no idea what to do here to help you but i'll try my best,
Explanation:
security cameras, security systems, security officers, and a policy against guns and other weapons.
Robbery is the act of stealing money or other items from a bank, store, or moving object while frequently utilizing force or threats. It's crucial to put in place efficient security measures and train staff members to be ready for such circumstances if you want to reduce the likelihood of robberies at Dollar General stores.
Keep the store's inside and exterior adequately lit, paying particular attention to the parking areas and entrances. By making people more visible and eliminating hiding places, well-lit spaces might dissuade potential robberies. To establish and close the firm, at least two people are required. Never give strangers your personal information.
Lock up bags and other personal items in desks or lockers. Activate a robbery alarm. A surveillance camera facing the front counter should be placed behind the cash register.
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Flagler Corporation shows a total of $1,190,000 in its Common Stock account and $1,050,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $7. How many shares of Flagler stock have been issued?a. 170,000.b. 150,000.c. 320,000.d. It cannot be determined
Answer: a. 170,000
Explanation:
To find the number of shares issued;
= Common stock / Par value
= 1,190,000/7
= 170,000 shares
Cost of occupancy, general management and salesforce management are considered ______________.
a) full costs
b) indirect costs
c) contribution accounting
d) All of the above
e) None of the above
Answer:
B) indirect costs
Explanation:
Indirect costs can be regarded as costs incurred whereby this cost are not directly assigned to a cost object specifically. Indirect costs can comes as a fixed cost, it can also come as variable cost. Some of Indirect costs are; personnel as well as
administration and security costs. They are costs that are not regarded as been directly related to production.
It should be noted that Cost of occupancy, general management and salesforce management are considered indirect costs.
On January 1, Wei company begins the accounting period with a $35,000 credit balance in Allowance for Doubtful Accounts. On February 1, the company determined that $7,800 in customer accounts was uncollectible; specifically, $1,400 for Oakley Co. and $6,400 for Brookes Co. Prepare the journal entry to write off those two accounts. On June 5, the company unexpectedly received a $1,400 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received.
Answer:
Wei Company
Journal Entry:
Debit Allowance for Doubtful Accounts $7,800
Credit Accounts Receivable $7,800
To write-off accounts determined to be uncollectible.
Explanation:
a) Data and Calculations:
Allowance for Doubtful Accounts (Balance) = $35,000
Uncollectible accounts:
Oakley Co. $1,400
Brookes Co. $6,400
Total = $7,800
b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable. This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.
You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $33,000. You feel you can earn an APR of 10.8 percent compounded monthly and plan to save $395 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation
Answer:
Explanation:
What 22
QUESTION 1 Explain to the owners of Miss K the concepts of the product line depth and product line breadth using practical examples relating to the 40Foods Distributors case study (2 marks will be awarded for the theoretical discussion and 2 marks for the practical examples relating to the case study
The concepts of the product line depth and product line breadth using practical examples relating to the 40Foods Distributors.
The product line refers to the number of products that a company offers within a particular product line
The product line depth and product line breadth are two important concepts in product management.
In the case of 40Foods Distributors, product line depth can be in the variety of products offered within each product line.
In the 40 Foods distributors, the product lines for dairy, bakery, meat, frozen foods, and other grocery items.
Therefore, the product line depth and product line breadth are two important concepts in product management.
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Goodard Inc. planned to use $156 of material per unit but actually used $147 of material per unit, and planned to make 1,140 units but actually made 900 units. The sales−volume variance for materials is ________.
Answer:
2700, favorable
Explanation:
To calculate the sales-volume variance for materials, we use the equation as follows;
Sales-volume variance for materials = (Actual Price - Standard Price)*Aqual Quantity
sales-volume variance for materials = (147-150)*900
sales-volume variance for materials = 2700 Favorable
According to the box "Reaching Beyond Our Borders, Tesla was able to do the impossible feat of
Multiple Choice
opening up a new auto plant in China in under 18 months.
sending the first U.S. citizen to the moon.
building an electric bicycle that can be recharged on solar power.
building over 1 million vehicles each year.
Answer: Based on the information provided in the box “Reaching Beyond Our Borders,” the correct answer would be option A: opening up a new auto plant in China in under 18 months.
In the indicated time, Tesla indeed managed to complete the incredible achievement of opening a new auto manufacturing plant in China in under 18 months, a testament to their commitment to advancing the use of renewable energy and marking a significant expansion in their global presence.
Explanation:According to the box 'Reaching Beyond Our Borders', Tesla was able to accomplish the seemingly impossible feat of opening up a new auto plant in China in under 18 months. This accomplishment was striking as it signified a significant leap towards promoting sustainable energy on a global level, given Tesla's primary focus on electric vehicles. Meanwhile the options of - sending the first U.S. citizen to the moon, building an electric bicycle that can be recharged on solar power, and building over 1 million vehicles each year - do not correctly match the facts reportedly associated with Tesla's activities within the given timeframe.
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8.
Which of these best describes a statement of financial position?
A.An account proving the books balance
B.A record of closing entries
C.A listing of balances
D.A statement of assets
Answer:
C. A listing of balances
Explanation:
Balance sheet or statement of financial position is a financial statement that reports all the company's assets and liabilities and equity in a specific accounting period
what is difference between T-Account and a ledger Account?(hint... what dose T-Account not have?)
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After seviewing the technical skills required to perform tasks in the manufacturing industry, do you think these skills are
more or less important than the interpersonal skills we discussed in previous units?
10 principles of economics
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
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Daniel was driving down the highway at a constant speed of 70mph.
Which of the following graphs demonstrates this?
a b c or d
100 points if u help me
Steve works for a construction company. He is currently paid at an hourly rate of $13.50 per hour and any overtime is paid at a rate of time and a half. He is paid weekly, this week he worked 47 hours.
gross pay:??
net pay:??
Note: Net pay will be figured by deducting the 1.45 percent Medicare Tax and 4.75 percent Social Security Tax
Answer: $770
Explanation:
What are the basic rights within a private enterprise system?
Answer:
The right to private property: In the private enterprise system individuals have the right to buy, own, use, and sell the property as they see fit. This right of ownership includes land, buildings, equipment, and intangible property such as inventions.
Explanation:
Lisa, a supervisor at a manufacturing facility, suspects that one of her subordinates may be under the influence of drugs or alcohol. Which one of the following, if true, would lead Lisa to this conclusion?
If Lisa suspects that one of her subordinates is under the influence of drugs or alcohol, she should approach the situation with sensitivity and professionalism.
If Lisa suspects that one of her subordinates may be under the influence of drugs or alcohol, there could be several signs or symptoms that may lead her to this conclusion. One possible indicator is a change in behavior or attitude. For example, if the subordinate has become increasingly moody, agitated, or withdrawn, this could be a sign that they are struggling with substance abuse. Another possible sign could be a decline in job performance, such as missing deadlines, making mistakes, or being frequently absent from work. The subordinate may also exhibit physical symptoms, such as bloodshot eyes, slurred speech, or unsteadiness on their feet. Furthermore, Lisa may observe that the subordinate is experiencing financial problems, as drug and alcohol addiction can be costly and may lead individuals to miss work or spend their money on substances rather than other necessities. Lisa may also notice that the subordinate has become more secretive or defensive, particularly when questioned about their behavior or whereabouts. It is important to gather as much information as possible before making any accusations or taking any disciplinary action. She may also consider seeking guidance from the company's human resources department or employee assistance program to ensure that the subordinate receives the help they need to overcome their addiction.
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uses of grants funds
Answer:
Ways to spend grant funds include paying people, travel and hospitality expenses, and the purchase of project-related equipment and supplies. There are a multiple mechanisms that can be used to spend grant funds, depending upon what is being paid for or purchased.
Explanation:
The most recurring item on a data list
A good or service intended primarily for use in producing other goods or services is a ____ product.
Learners with a _____ learning style prefer reading, writing, and speaking. naturalistic logical/mathematical verbal/linguistic none of the above
Answer:
Verbal/linguistic learners prefer learning activities that involve reading, writing, and speaking.
Explanation: