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SVEN [57.7K]
2 years ago
14

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $

962.62 and matures in 13 years. The par value is $1,000. What is the YTM of the bond
Business
1 answer:
kicyunya [14]2 years ago
5 0

Answer: 0.06101 = 6.101%

The yield to maturity of the bond is

6.101%

Explanation:

Using YTM formula below

YTM = C + (fv - pv) /n ÷ (fv + pv) /2

C= coupon rate = 5.7% of par value

5.7/100 × 1000

= $57

pv = price value = $962.62

Fv = face value / par value = $1000

n = number of years to maturity =13

Using above formula

C + ( fv - pv) /n =

57 + (1000 - 962.62) /13

57 + (37.38) / 13 = 59.8753846

(fv + pv) / 2 =

(1000 + 962.62) / 2

= 1962.62 / 2 = 981.31

YTM = C + (fv - pv) /n ÷ (fv + pv) /2

YTM = 59.8753846 / 981.31

YTM = 0.06101

( to percentage) = 6.101%

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Discuss the effects that an impending labor shortage might have on the following three sub-functions of human resource managemen
damaskus [11]

Answer:

Please see the details

Explanation:

The effects of impending labor shortage might effect

a) Selection and Management are getting tougher with lack of active candidates seeking for job or lack of skilled candidates attending the placement process. There is lack of required skills for the job role and hence this subsection needs to send job proposals to even passive job candidates at competitive prices and incentives to attract them towards the company.

b) Training and Career Development is facing reduced number of applicants and they need to put in a lot of effort in order to make the selected candidates learn the required skills suitable for the job. This department is facing a lot of issues as the time and cost invested in training is increasing with increasing labor shortage.

c) Compensation and Benefits is to be  prepared to pay more to attract and retain employees. Increased compensation is a fact of life in the early phase. By being prepared, managers can ensure that they are not the last to increase compensation and thus end up with the worst of the labor shortage. For example: it's either the worst candidates or no candidates at all.

 The ways that might develop joint, cooperative programs to avert a labor shortage is by :

a) Increasing the number of applicants

 - Influencing and expanding the gate keeping institution ( Schools

 and training's to expand the production of graduates)

b) Maintain the supply by reducing the flow of workers out of the firm

- Reducing absenteeism  

- Efforts to reduce voluntary quits by improving sources of  

dissatisfaction  

c) Reducing Labor demand and the overall need for a new workers

- Using contingent workers to meet peak demand,

6 0
2 years ago
Brewer Inc. has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock ou
scZoUnD [109]

Answer:

Total dividend = 30,000

Explanation:

Given:

Total number of stock = 5,000

Dividend rate = 6% = 0.06

Per value = $50

Computation of dividend per year:

Dividend per year = Total number of stock × Per value × Dividend rate

Dividend per year = 5,000 × $50 × 0.06

Dividend per year = 15,000

For cumulative preferred stock:

Total dividend = 2016 Dividend + 2017 Dividend

Total dividend = 15,000 + 15,000

Total dividend = 30,000

6 0
2 years ago
Each Component (Services/Agencies) uses the guidance provided by the Planning phase of the Planning, Programming, Budgeting, and
EleoNora [17]

Answer: D - Budget Estimate Submission (BES)

Explanation: Budget Estimate Submission (BES) is a proposal prepared for all available resources including funding, force structure and personnel strength over a five year period. The proposal is then submitted to the office of the secretary of defense for the inclusion in the department of defense Budget.

After which a Budget review is conducted by the Secretary of Defense with  OMB participation, to review department/agency estimates of program costs. This budget  takes care of:

1) Program Pricing

2) Program Executability

5 0
2 years ago
Barbara Muller Services (BMS) pays its employees monthly. The payroll information listed below is for January 2018, the first mo
Semmy [17]

Answer:

$13,296

Explanation:

Federal unemployment tax rate = 0.8% of 96,000 = 768

State unemployement tax rate = 5.4% of 96,000 = 5,184

Social security tax rate+medicare tax rate = 6.2%+1.45% = 7.65%

7.65% of 96,000 = 7,344

So total tax expense = 768+5,184+7,344 = $13,296

So answer is $13,296

5 0
2 years ago
Mitsubishi Heavy Industries Ltd. and other Japanese companies manufacture airplanes under license to U.S. firms and also work as
Whitepunk [10]

Answer:

This type of effort is known as <u>collaboration</u>

Explanation:

Collaboration among businesses involve them <u>working together to achieve common business goals which could be </u><u>manufacturing </u><u>or marketing goals.</u>

In such instances, the businesses could combine their resource and share expenses among themselves and this helps reduce costs and increase efficiency.

7 0
2 years ago
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