answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill [66]
2 years ago
9

A corporate bond was quoted yesterday at 102.16 while today's quote is 102.19. What is the change in the value of a bond that ha

s a face value of $3,000?
Business
1 answer:
Lostsunrise [7]2 years ago
6 0

Answer:

The change in the value of the bond is $0.90. In other words, the value of the bond has increased by $0.90 from yesterday to today.

Explanation:

We have Value of the bond = Quoted value / 100 * face value

So,

Yesterday value of the bond = 102.16/100 * 3,000 = $3064.8;

Today value of the bond = 102.19/100 * 3,000 = $3065.7.

=> Change in the value of the bond = Today value of the bond - Yesterday value of the bond = $3065.7 - $3064.8 = $0.90.

In other words, the value of the bond has increased by $0.9 from yesterday to today.

You might be interested in
You have determined that an OCF of $151,406 will result in a zero net present value for a project, which is the minimum requirem
oee [108]

Answer:

It should be accepted as the cash flow is greater than minimum

Explanation:

We should determinate if he project can generate a cashflow of 151,406 after taxes to be accepted:

market x market share = sales in units

140,000 units x 8.5% = 11,900 units

sales x contribution less fixed cost = income before taxes

11,900 x 56.11 - 387,200= 280,509

after tax 280,509 x (1 - 21%) = 221,602.11‬

project cash flow > minimum cash flow

      221,602.11      >         151,406

It should be accepted as the cash flow is greater than minimum

7 0
1 year ago
Narrative 1: Freshplace Grocery At Freshplace Grocery, customers give their purchases to a sales clerk along with cash. The sale
lions [1.4K]

Answer:

See the attaches file for the DFD

Explanation:

A data flow diagram (DFD) is a graphical representation of the flow of information through a system or an organisation. An information can well be represented using a data flow diagram.

See the attached file for the DFD

7 0
1 year ago
In-N-Out Burger decides to target both the college student community and the artisan build-your-own burger segment. What advanta
Ne4ueva [31]

Answer:

Increasing total sales by targeting more customers

Explanation:

When a company has a product that can satisfy various segments of customers, they will target as many customers as possible.

This will increase the number of sales that the company makes and in turn will increase revenue.

Targeting a wider customer base is the strategy being used by In-N-Out Burger. They decided to target both the college student community and the artisan build-your-own burger segment.

This startegy can however be more expensive if different advertisements are required to target different segments. Promotion expense will increase.

4 0
1 year ago
Suppose investors can earn a return of 2% per 6 months on a Treasury note with 6 months remaining until maturity. The face value
N76 [4]

Answer:<u> Selling Price = $9803.92</u>

Explanation:

Given:

Treasury bill will provide 2% return in every 6 months.

Time = 6 months

Rate of return = 2% per 6 months

Selling Price of Treasury bill = Face Value / (1 + Rate of Return)^{time period}

Selling Price = $10,000 / (1 + 0.02)^{1}

<u><em>Hence price we would expect a 6-month maturity Treasury bill to sell for is $9803.92</em></u>

5 0
1 year ago
Timmons Corporation purchases office supplies for $350 cash. How would this transaction be recorded? Multiple Choice Debit Inven
9966 [12]

Answer:

Debit Supplies $350, credit Cash $350

Explanation:

The journal entry for the purchase of supplies is shown below:

Office supplies A/c Dr               $350

   To Cash A/c                                                      $350

(Being the office supplies are purchased for cash)

Since the office supplies are purchased for cash which means the supplies are increased and the cash balance is decreased.

That's why we debited the supplies account and credited the cash account.

3 0
2 years ago
Other questions:
  • Shoe trends, a company that manufactures formal shoes for men and women, offers to give its customers $10 for an old pair of sho
    5·1 answer
  • 136 cars were sold during the month of april. 78 had air conditioning and 68 had automatic transmission. 56 had air conditioning
    9·1 answer
  • Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and overhead. The following dat
    10·1 answer
  • A system to protect workers against managerial abuse by dictating rewards and job allocation through detailed work rules, senior
    13·1 answer
  • Janet bought a share of stock for​ $47.50 that paid a dividend of​ $.72 and sold one year later for​ $51.38. What was her dollar
    6·1 answer
  • 2019,Do you think leadership style is fixed and unchangeable, or can leaders be flexible and adaptable with respect to style? Wh
    9·1 answer
  • Hampton Industries had $61,000 in cash at year-end 2017 and $27,000 in cash at year-end 2018. The firm invested in property, pla
    8·1 answer
  • Which answer best fills in the blank in this sentence?
    12·1 answer
  • Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
    11·2 answers
  • Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? Assume there
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!